November 25, 2025
Elite Diagnostic Limited (ELITE)
Unaudited financials for the first quarter ended September 30, 2025:
Elite Diagnostic Limited (ELITE) reported a 7% increase in revenue, totaling $217.30 million for the first quarter ended September 30, 2025, compared to $202.87 million in the corresponding three months last year.
Year to date, direct cost amounted to $51.34 million (2024: $60.01 million), representing a 14% decrease year-over-year. Consequently, gross profit increased by 16% to $165.96 million, compared to $142.86 million for the first quarter ended September 30, 2024.
Administrative Expenses decreased by 2%, closing at $100.01 million (2024: $102.44 million), while Depreciation increased by 6%, moving from $41.95 million in 2024 to $44.31 million for the three months. As a result, Operating Profit for the first quarter amounted to $21.64 million, a notable turnaround relative to the loss of $1.52 million reported in 2024.
Foreign Exchange Gain for the three months amounted to $777,000, a 677% increase compared to $100,000 reported in 2024. Finance Cost totaled $10.61 million, a 6% increase from the corresponding period last year (2024: $10.04 million). Additionally, other income amounted to $633, 000 (2024: $17, 000).
Profit Before Tax for the first quarter ended September 30, 2025, amounted to $12.44 million, a 9% increase relative to $11.44 million reported in 2024.
No tax charge was incurred in the period (2024: nil). Net Profit for the three months amounted to $12.44 million, a 209% increase from the loss of $11.44 million reported in 2024.
Consequently, Earnings Per Share for the three months amounted to $0.035 (2024: LPS: $0.03). The twelve-month trailing EPS was $0.16, and the number of shares used in these calculations was 353,400,000. Notably, ELITE’s stock price closed the trading period on November 24, 2025, at a price of $1.53 with a corresponding P/E ratio of 9.86x.
Balance Sheet Highlights
The company’s assets totaled $1.22 billion (2024: $1.04 billion). The movement in total assets was mainly attributable to 373% increase in ‘Cash and cash equivalents’ amounting to $217.06 million (2024: $45.88 million) which was offset by a $49.71 million decline in ‘Receivables’ amounting to $92.43 million (2024: $142.14 million)
Shareholder’s equity was $555.10 million (2024: $499.54 million), representing a book value per share of $1.57 (2024: $1.41).
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