May 08, 2025
Wisynco Group Limited(WISYNCO)
Unaudited financials for the nine months ended March 31, 2025:
Wisynco Group Limited (WISYNCO) for the nine months ended March 31, 2025, reported a 6% increase in Revenue totaling $42.60 billion compared to $40.08 billion in the corresponding period last year. Revenue for the third quarter had a 5% increase to close at $13.73 billion compared to $13.10 billion for the comparable quarter of 2024.
Cost of Sales amounted to $28.07 billion (2024: $26.48 billion), an increase of 6% year over year. Consequently, gross profit increased by 7% to $14.53 billion compared to $13.61 billion for the nine months ended March 31, 2024. The company booked a gross profit of $4.51 billion for the third quarter versus $4.39 billion reported for the similar quarter of 2024.
Other Income decreased by 30% to close at $139.65 million (2024: $198.73 million), while selling and distribution expenses increased by 16% from $7.68 billion in 2024 to $8.92 billion in the period under review. Additionally, administration expenses for the nine months ended March 31, 2025, amounted to $1.71 billion, a 12% increase relative to $1.53 billion reported in 2024.
Operating Profit for the nine months ended March 31, 2025, amounted to $4.04 billion, a 12% decrease relative to $4.59 billion reported in 2024. Operating Profit for the third quarter amounted to $1.09 billion (2024: $1.30 billion). Net finance income totalled $787,000, a 99% decrease from last year’s period. (2024: $441.31 million).
Profit Before Tax for the nine months ended March 31, 2025, amounted to $4.28 billion, a 14% decrease relative to $4.99 billion reported in 2024. Profit Before Tax for the third quarter amounted to $1.20 billion (2024: $1.43 billion).
Taxation for the nine months ended March 31, 2025, decreased 21% to $820.27 million (2024: $1.04 billion). Net Profit for the nine months amounted to $3.46 billion, a 12% decrease from the $3.95 billion reported in 2024. For the third quarter, Net Profit was $971.36 million (2024: $1.18 billion).
Net profit attributable to shareholders amounted to $3.46 billion (2024: $3.95 billion).
Consequently, Earnings Per Share for the nine months amounted to $0.92 (2024: EPS: $1.05), while Earnings Per Share for the quarter totaled $0.26 (2024: EPS: $0.31). The twelve-month trailing EPS was $1.24, and the number of shares used in these calculations was 3,803,250,000. Notably, WISYNCO’s stock closed the trading period on May 07, 2025, at $20.95, with a corresponding P/E ratio of 16.96x.
Balance Sheet Highlights
The company’s assets totaled $37.98 billion (2024: $32.88 billion). The company’s balance sheet growth is primarily driven by a 38% YoY rise in Property, Plant, and Equipment, reaching $17.41 billion from $12.61 billion in 2023, a significant 185% YoY increase in Investment Securities, climbing to $1.85 billion from $648.77 million in 2024, a 10% YoY uplift in Inventories, closing at $5.99 billion compared to $5.47 billion in 2024, and a 9% YoY gain in Receivables and Prepayments, ending the period at $5.11 billion versus $4.68 billion in 2024.
Shareholder’s equity was $27.44 billion (2024: $24.33 billion), representing a book value per share of $7.21 (2024: $6.40).
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