July 17, 2025
Future Energy Source Company Limited (FESCO)
Audited financials for the twelve months ended March 31, 2025:
Future Energy Source Company Limited (FESCO) for the twelve months ended March 31, 2025, reported a 5% increase in Revenue totaling $30.05 billion compared to $28.68 billion in the corresponding period last year. Revenue for the fourth quarter had a 6% decrease to close at $7.01 billion compared to $7.42 billion for the comparable quarter of 2024.
Cost Of Goods Sold amounted to $28.38 billion compared to $27.29 billion in 2024, this represents an increase of 4% year over year. Consequently, gross profit increased by 20% to $1.66 billion compared to $1.39 billion for the twelve months ended March 31, 2024. The company booked gross profit of $374.91 million for the fourth quarter versus $313.49 million reported for the similar quarter of 2024.
Other Income increased by 186% to $10.98 million compared to $3.84 million in 2024, while Impairment losses on financial assets increased by 106% from $4.97 million in 2024 to $10.22 million in 2025.
Operating Profit for the twelve months ended March 31, 2025, amounted to $658.43 million, an 11% increase relative to $594.71 million reported in 2024. Operating Profit for the fourth quarter amounted to $115.27 million compared to $103.72 million in the same quarter of 2024. Finance Cost totaled $177.10 million, a 14% increase from $155.45 million in 2024.
Profit Before Taxation for the twelve months ended March 31, 2025, amounted to $481.34 million, a 10% increase relative to $439.26 million reported in 2024. Profit Before Taxation for the fourth quarter amounted to $74.87 million compared to $49.10 million in 2024.
Taxation for the twelve months ended March 31, 2025 had a 30% decrease to reach $19.79 million compared to $28.44 million in 2024. Net profit for the twelve months amounted to $461.55 million, a 12% increase from the $410.82 million reported in 2024. For the fourth quarter, Net profit was $55.08 million compared to $49.10 million in 2024.
Consequently, Earnings Per Share for the twelve months amounted to $0.18 compared to EPS: $0.16 in 2024, while Earnings Per Share for the quarter totaled $0.02 compared to EPS: $0.02 in 2024. The number of shares used in these calculations was 2,500,000,000.
Notably, FESCO’s stock price closed the trading period on March 31st, 2025 at a price of $3.65 with a corresponding P/E ratio of 19.77x.
Balance Sheet Highlights
The company’s assets totaled $5.60 billion compared to $5.32 billion in 2024. Property, Plant and Equipment rose to $4 billion (2024: $3.56 billion).
Shareholder’s equity was $2.72 billion compared to $2.26 billion in 2024, representing a book value per share of $1.09 compared to $0.90 in 2024.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein