July 16, 2025
Innovative Energy Group Limited (ENERGY )
Unaudited financials for the year ended May 31, 2025:
Innovative Energy Group Limited (ENERGY ) for the year ended May 31, 2025, reported Revenue totaling $235.72 million compared to $0 in the corresponding period last year. Revenue for the fourth quarter close at $29.51 million compared to $0 for the comparable quarter of 2024.
Cost of Sales amounted to $102.53 million (2024: Nil). Consequently, gross profit was $133.19 million compared to $0 for the year ended May 31, 2024. The company booked gross loss of $7.55 million for the fourth quarter versus $0 reported for the similar quarter of 2024.
Other Income increased by 6052% to close at $30.76 million (2024: $500,000). As a result, Total Income increased by 32690% from $500,000 in 2024 to $163.95 million in the period under review.
Total expenses for the year ended May 31, 2025, amounted to $77.62 million, a 576% increase relative to $11.48 million reported in 2024.
Operating Profit for the year ended May 31, 2025, amounted to $86.33 million, an 886% turnaround relative to Operating loss of $10.98 million reported in 2024. Operating loss for the fourth quarter amounted to $36.73 million (2024: $2.52 million).
Finance Costs totalled $10.00 million. (2024: Nil).
No taxes were reported. As such, Net Profit for the year amounted to $76.33 million, relative to net loss of $10.98 million reported in 2024. For the fourth quarter, Net loss was $40.88 million (2024: $2.52 million).
Consequently, Earnings Per Share for the year amounted to $0.06 (2024: LPS: $0.01), while Loss Per Share for the quarter totaled $0.03 (2024: LPS: $0.01). The twelve-month trailing EPS was $0.06, and the number of shares used in these calculations was 1,316,324,120.
Notably, ENERGY ‘s stock price closed the trading period on July 16, 2025, at a price of $1.26 with a corresponding P/E ratio of 21.73x.
Balance Sheet Highlights
The company’s assets totalled $3.22 billion (2024: $502,000). The growth in total assets was mainly due to ‘Intangibles’ growing by $2.53 billion to close the period. (2024: Nil).
Shareholder’s equity was $1.01 billion (2024: Shareholder’s deficit of $21.60 million), representing a book value per share of $0.77 (2024: deficit of $0.02).
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