August 26, 2025
K.L.E. GROUP LIMITED(KLE)
Unaudited financials for the six months ended June 30, 2025:
K.L.E. GROUP LIMITED (KLE) for the six months ended June 30, 2025 reported a significant increase in Other operating Income totaling $9.42 million compared to $1,000 in the corresponding period last year. Other operating Income for the second quarter amounted to $4.70 million (2024: nil).
Year to date, Administrative and Other Expenses amounted to $19.07 million (2024: $10.82 million), this represents an increase of 76% year over year. Consequently, Loss from operation decreased by 11% to $9.66 million compared to $10.82 million for the six months ended June 30, 2024. The company booked Loss from operations of $3.72 million for the second quarter versus $4.56 million reported for the similar quarter of 2024.
Finance costs decreased by 12% to close at $4.34 million (2024: $4.96 million), while Share of post-tax profit of equity accounted associate increased by 50% from $2.70 million in 2024 to $4.06 million in the period under review. As a result, Loss before taxation for the six months ended June 30, 2025 amounted to $9.94 million, a 24% decrease relative to $13.08 million reported in 2024.
No tax charge was incurred for the six months ended June 30, 2025 (2024: nil). Loss from continuing operation amounted to $9.94 million (2024: $13.08 million); Adjustment to discontinued operation results totalled $4.71 million (2024: nil). As a result, Net Loss for the six months totalled $5.23 million, a 60% decrease from the corresponding period last year. (2024: Net loss of $13.08 million).
Unrealized gain on investments at fair value through other comprehensive income for the six months ended June 30, 2025, amounted to $969,000, a 50% increase relative to $648,000 reported in 2024. Unrealized gain on investments at fair value through other comprehensive income for the second quarter amounted to $700,000 (2024: $335,000).
Total Comprehensive Loss for the six months amounted to $4.26 million, a 66% decrease from the loss of $12.43 million reported in 2024. For the second quarter, Total Comprehensive Loss was $1.20 million (2024: Loss of $5.14 million).
Consequently, Loss Per Share for the six months amounted to $0.04 (2024: LPS: $0.12), while Loss Per Share for the quarter totaled $0.01 (2024: LPS: $0.05). The twelve-month trailing LPS was $0.18 and the number of shares used in these calculations was 100,000,000.
Notably, KLE’s stock price closed the trading period on August 25, 2025, at a price of $0.65.
Balance Sheet Highlights
The company’s assets totaled $167.87 million (2024: $119.29 million). The movement is total assets was mainly influenced by a 3388% increase in ‘Cash and cash equivalents’ amounting to $38.23 million (2024: $1.10 million).
Shareholders’ deficit was $18.52 million (2024: Shareholders’ deficit of $1.86 million), representing a shareholders’ deficit per share of $0.19 (2024: shareholders’ deficit per share of $0.02).
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