August 15, 2025
Barita Investments Limited (BIL)
Unaudited financials for the nine months ended June 30, 2025:
Barita Investments Limited (BIL) for the nine months ended June 30, 2025, reported a 1% increase in Net Interest Income totaling $485.05 million compared to $478.83 million in the corresponding period last year. Net Interest Income for the third quarter had a 46% decrease to close at $103.24 million compared to $192.69 million for the comparable quarter of 2024.
- Fees and Commission Income for the nine months ended June 30, 2025, amounted to $3.03 billion (2024: $2.88 billion).
- Foreign Exchange Trading and Translation Gains for the nine months amounted to $346.64 million (2024: $312.56 million).
- Gain on Sale of Investments for the nine months ended June 30, 2025, amounted to $2.29 billion (2024: $3.22 billion).
- Other income for the nine months amounted to $118.38 million (2024: $143.85 million).
Consequently, Net Operating Revenue for the nine months ended June 30, 2025, amounted to $6.27 billion (2024: $7.04 billion). For the third quarter, Net Operating revenue increased by 30% from $2.06 billion in 2024 to $2.67 billion in 2025.
Staff Costs decreased by 7% to close at $1.19 billion (2024: $1.27 billion), while Admin expenses decreased by 1% from $2.06 billion in 2024 to $2.05 billion in the period under review. As a result, total expenses for the nine months ended June 30, 2025, amounted to $3.22 billion, a 1% increase relative to $3.19 billion reported in 2024.
Operating profit for the nine months ended June 30, 2025, amounted to $3.05 billion, a 21% decrease relative to $3.85 billion reported in 2024. Operating profit for the third quarter amounted to $1.41 billion (2024: $1.19 billion).
Share of results in associated company totalled $130.27 million loss, a 304% decrease from the corresponding period last year. (2024: Gain of $63.84 million)
Profit Before Taxation for the nine months ended June 30, 2025, amounted to $2.92 billion, a 25% decrease relative to $3.91 billion reported in 2024. Profit Before Taxation for the third quarter amounted to $1.42 billion (2024: $1.20 billion).
Taxation for the nine months ended June 30, 2025, had a 35% increase to reach $670.12 million (2024: $1.02 billion). As such, Net Profit for the nine months amounted to $2.25 billion, a 22% decrease from the $2.89 billion reported in 2024. For the third quarter, Net Profit was $1.07 billion (2024: $980.50 million).
Consequently, Earnings Per Share for the nine months amounted to $1.84 (2024: EPS: $2.36), while Earnings Per Share for the quarter totaled $0.87 (2024: EPS: $0.80). The twelve-month trailing EPS was $2.60, and the number of shares used in these calculations was 1,220,388,243.
Notably, BIL’s stock price closed the trading period on August 14, 2025, at a price of $70.01 with a corresponding P/E ratio of 26.91x.
Balance Sheet Highlights
The company’s assets totalled $149.72 billion (2024: $135.01 billion). The growth in total assets was mainly due to increases by the following during the period: Pledged Assets ($9.82 billion) and Investment Securities ($6.04 billion). However, Loans declined by $5.75 billion to partly offset the growth.
Shareholder’s equity was $37.54 billion (2024: $36.19 billion), representing a book value per share of $30.76 (2024: $29.65).
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.