May 20, 2025
Seprod Limited (SEP)
Unaudited Financials for the First Quarter Ended March 31, 2025:
Seprod Limited (SEP) reported a 32% increase in revenue for the first quarter ended March 31, 2025, totaling $37.69 billion, compared to $28.59 billion in the corresponding three months of the previous year.
Cost of Sales amounted to $27.62 billion (2024: $21.10 billion), representing a 31% year-over-year increase. Consequently, gross profit rose by 34% to $10.07 billion, compared to $7.49 billion for the first quarter ended March 31, 2024.
Finance & Other Operating Income decreased by 46%, closing at $118.99 million (2024: $219.19 million), while Administrative and Other Operating Expenses increased by 47%, from $5.31 billion in 2024 to $7.80 billion for the three-month period. As a result, Operating Profit for the first quarter amounted to $2.39 billion (2024: $2.40 billion).
Finance Costs for the first quarter ended March 31, 2025, totaled $1.15 billion, a 45% increase compared to $795.06 million reported in 2024.
Share of Results of Associate & Joint Venture for the three months amounted to $119.55 million, a 15% decrease compared to $141.25 million reported in 2024. Profit Before Taxation totaled $1.36 billion, a 22% decrease from the corresponding period last year (2024: $1.74 billion).
Taxation for the first quarter ended March 31, 2025, amounted to $490.82 million, a 5% decrease compared to $514.10 million reported in 2024.
Net Profit from Continuing Operations for the three months declined by 29% to $867.47 million (2024: $1.23 billion). Net Loss from Discontinued Operations for the period amounted to $17.55 million, a 28% decrease from the $24.39 million reported in 2024.
Net Profit for the period amounted to $849.92 million, a 29% decrease from the $1.20 billion reported in the corresponding period of 2024.
Net Profit Attributable to Shareholders for the first quarter ended March 31, 2025, was $548.40 million, a 43% decrease compared to $964.73 million reported in 2024.
Consequently, Earnings Per Share (EPS) for the three months amounted to $0.75 (2024: EPS: $1.32). The twelve-month trailing EPS was $3.00, based on 733,546,855 shares used in the calculation.
Notably, SEP’s stock price closed the trading period on May 19, 2025, at $83.92, with a corresponding P/E ratio of 28.01x.
Balance Sheet Highlights
The company’s total assets amounted to $133.40 billion (2024: $103.15 billion). This increase was primarily attributable to receivables, which totaled $32.94 billion (2024: $23.57 billion).
Shareholders’ equity stood at $30.17 billion (2024: $28.68 billion), representing a book value per share of $41.13 (2024: $39.10).
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