May 16, 2025
One Great Studio Company Limited (1GS)
Unaudited financials for the first quarter ended March 31, 2025:
One Great Studio Company Limited (1GS) for the first quarter ended March 31, 2025, reported a 16% decrease in revenue totalling $76.23 million compared to $90.81 million in the corresponding three months last year.
Cost of sales amounted to $55.31 million (2024: $56.07 million), this represents a decrease of 1% year over year. Consequently, gross profit decreased by 40% to $20.92 million compared to $34.74 million for the first quarter ended March 31, 2024.
Administrative expenses increased by 42% to close at $29.46 million (2024: $20.78 million). Consequently, Operating profit decreased by 161% from $13.96 million in 2024 to operating loss of $8.54 million for the three months.
Other income for the first quarter amounted to $3.32 million, a 31% increase relative to $2.54 million reported in 2024.
Interest expense totalled $0 a 100% decrease from the corresponding period last year. (2024: $769856).
Loss before Taxation for the first quarter ended March 31, 2025, amounted to $12.91 million, a 224% decrease relative to pre-tax profit of $10.45 million reported in 2024.
Taxation charge for the three months had a 152% increase to reach $451,039 (2024: $178,986). As such, Net Loss for the three months amounted to $13.36 million, a 230% decrease from Net profit of $10.27 million reported in 2024.
Consequently, Loss Per Share for the three months amounted to $0.01 (2024: EPS: $0.01). The twelve-month trailing EPS was $0.01, and the number of shares used in these calculations was 1,693,131,075.
Notably, 1GS’s stock price closed the trading period on May 16, 2025, at a price of $0.39 with a corresponding P/E ratio of 54.76x.
Balance Sheet Highlights
The company’s assets totalled $708.07 million (2024: $667.17 million).
Shareholder’s equity was $596.31 million (2024: $602.84 million), representing a book value per share of $0.35 (2024: $0.36).
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