July 31, 2025
Knutsford Express Services Limited (KEX)
Audited financials for the twelve months ended May 31, 2025:
Knutsford Express Services Limited (KEX) for the twelve months ended May 31, 2025, reported a 6% increase in Revenue totaling $2.07 billion compared to $1.96 billion in the corresponding period last year. Revenue for the fourth quarter had a 1% decrease to close at $426.50 million compared to $429.86 million for the comparable quarter of 2024.
Administrative and General Expenses amounted to $1.88 billion (2024: $1.66 billion), this represents an increase of 13% year over year. Consequently, gross profit decreased by 37% to $192.08 million compared to $302.86 million for the twelve months ended May 31, 2024. The company booked a gross loss of $56.87 million for the fourth quarter versus gross loss of $26.62 million reported for the similar quarter of 2024. Other income increased by 16% amounting to $138.05 million (2024: $119.13 million). Consequently, Operating profit decreased by 22% to $330.13 million (2024: $421.99 million).
Finance Income decreased by 31% to close at $22.52 million (2024: $32.40 million), while Finance costs decreased by 6% from $66.65 million in 2024 to $62.92 million in the period under review. As a result, profit before taxation for the twelve months ended May 31, 2025, amounted to $289.72 million, a 25% decrease relative to $387.74 million reported in 2024.
The tax charge incurred for the twelve months ended May 31, 2025, amounted to $52.77 million, a 33% decrease relative to $78.28 million reported in 2024. As a result, Net Profit amounted to $236.95 million, a 23% decrease from the corresponding period last year. (2024: $309.46 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.47 (2024: EPS: $0.62), while Earnings Per Share for the quarter totaled $0.14 (2024: EPS: $0.08). The number of shares used in these calculations was 500,000,015.
Notably, KEX’s stock price closed the trading period on July 30, 2025 at a price of $13.00 with a corresponding P/E ratio of 27.43x.
Balance Sheet Highlights
The company’s assets totaled $2.17 billion (2024: $1.96 billion). The movement in total assets was mainly attributable to a 23% increase in “Investment properties’ amounting to $680.49 million (2024: $552.89 million) and a $92.15 million increase in ‘Property, plant and equipment’ amounting to $773.57 million (2024: $682.42 million).
Shareholder’s equity was $1.47 billion (2024: $1.30 billion), representing a book value per share of $2.94 (2024: $2.60).
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