May 15, 2025
Carreras Ltd (CAR)
Unaudited Financials for the First Quarter Ended March 31, 2025:
Carreras Ltd (CAR) reported a 63% increase in operating revenue for the first quarter ended March 31, 2025, totaling $4.40 billion compared to $2.71 billion in the corresponding three months of the previous year.
Cost of goods sold amounted to $1.80 billion (2024: $1.31 billion), representing a 37% year-over-year increase. Consequently, gross operating profit rose by 86% to $2.61 billion, compared to $1.40 billion for the first quarter ended March 31, 2024.
Other operating income increased by 83% to $110.43 million (2024: $60.33 million), while administrative, distribution, and marketing expenses rose by 14%, from $687.83 million in 2024 to $783.06 million for the three months.
Profit before income tax for the first quarter ended March 31, 2025, amounted to $1.90 billion, a 148% increase relative to the $769.48 million reported in 2024.
Income tax for the three months increased by 145% to $492.35 million (2024: $201.00 million). Net profit for the period amounted to $1.41 billion, a 148% increase from the $568.48 million reported in 2024.
Total comprehensive income for the three months increased by 148% to $1.41 billion (2024: $568.48 million).
Consequently, earnings per share (EPS) for the three months amounted to $0.29 (2024: $0.12). The twelve-month trailing EPS was $0.82, and the number of shares used in these calculations was 4,854,400,000. Notably, CAR’s stock price closed the trading period on May 15, 2025, at $16.10, with a corresponding P/E ratio of 19.57x.
Balance Sheet Highlights
The company’s assets totaled $9.93 billion (2024: $6.89 billion). This increase in total assets was attributable to cash and cash equivalents, which amounted to $4.57 billion (2024: $2.97 billion).
Shareholders’ equity stood at $2.55 billion (2024: $1.82 billion), representing a book value per share of $0.53 (2024: $0.38).
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