November 18, 2025
Future Energy Source Company Limited (FESCO)
Unaudited Financials for the Six Months Ended September 30, 2025
Future Energy Source Company Limited (FESCO) reported a 1% decrease in revenue, totaling $15.61 billion, compared to $15.71 billion for the corresponding period last year. Revenue for the second quarter increased by 6%, closing at $8.39 billion versus $7.93 billion for the comparable quarter of 2024.
Cost of Goods Sold amounted to $14.62 billion (2024: $14.84 billion), representing a 1% year-over-year decrease. Consequently, gross profit rose by 15% to $993.96 million, compared to $867.40 million for the six months ended September 30, 2024. For the second quarter, gross profit was $560.98 million, versus $455.12 million for the similar quarter of 2024.
Other income increased by 1,068%, closing at $10.16 million (2024: $869,623), while impairment losses on financial assets amounted to $6.10 million for the period under review. For the quarter, impairment losses totaled $3.00 million.
Operating profit for the six months ended September 30, 2025, was $417.78 million, a 7% increase relative to $390.25 million reported in 2024. Operating profit for the second quarter amounted to $249.04 million (2024: $204.45 million). Net finance cost totaled $72.58 million, a 1% decrease from the corresponding period last year (2024: $71.58 million).
Profit before taxation for the six months ended September 30, 2025, was $345.19 million, an 8% increase compared to $318.67 million reported in 2024. For the second quarter, profit before taxation amounted to $205.82 million (2024: $170.30 million).
There was no taxation charge reported for the six months ended September 30, 2025. Net profit for the six months was $345.19 million, an 8% increase from $318.67 million reported in 2024. For the second quarter, net profit was $205.82 million (2024: $170.30 million).
Consequently, earnings per share (EPS) for the six months amounted to $0.14 (2024: $0.13), while EPS for the quarter totaled $0.08 (2024: $0.07). The twelve-month trailing EPS was $0.20, based on 2,500,000,000 shares.
Notably, FESCO’s stock price closed the trading period on November 17, 2025, at $2.96, with a corresponding P/E ratio of 15.16x.
Balance Sheet Highlights
The company’s assets totaled $5.99 billion (2024: $5.25 billion). This increase was attributable to property, plant and equipment which amounted to $4.35 billion ($3.47 billion).
Shareholder’s equity was $3.06 billion (2024: $2.58 billion), representing a book value per share of $1.23 (2024: $1.03).
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