September 23, 2025
Express Catering Limited (ECL)
Audited financials for the twelve months ended May 31, 2025:
All figures are stated in USD unless otherwise indicated
Express Catering Limited (ECL) reported a 1% increase in revenue, totaling $25.88 million compared to $25.59 million in the corresponding period last year. Revenue for the fourth quarter also rose by 1% to $6.99 million, up from $6.92 million in the comparable quarter of 2024.
Cost of Sales amounted to $7.19 million (2024: $8.47 million), representing a 15% year-over-year decrease. Consequently, gross profit increased by 9% to $18.69 million, compared to $17.12 million for the twelve months ended May 31, 2024. Gross profit for the fourth quarter was $5.12 million, up from $4.62 million in the same quarter of 2024.
Depreciation and amortization rose by 19% to $3.76 million (2024: $3.15 million), while administrative expenses declined by 9%, falling from $8.82 million in 2024 to $8.02 million in the period under review. As a result, total expenses for the twelve months ended May 31, 2025, amounted to $11.83 million, a 2% decrease compared to $12.01 million reported in 2024.
Operating profit for the twelve months ended May 31, 2025, was $6.86 million, a 34% increase relative to $5.11 million reported in 2024. For the fourth quarter, operating profit totaled $1.76 million (2024: $1.08 million). Finance costs amounted to $2.52 million; a 23% decrease compared to $3.26 million in 2024.
Foreign exchange gains for the twelve months ended May 31, 2025, were $42,880, a sharp turnaround from a loss of $24,696 in 2024. For the fourth quarter, foreign exchange gains totaled $31,306, compared to a loss of $1,706 in 2024.
Profit before tax increased by 141%, reaching $4.40 million (2024: $1.83 million). Net profit, representing total comprehensive income for the year, was $3.76 million, a 167% increase from $1.41 million in 2024. For the fourth quarter, total comprehensive income was $544,768, compared to a loss of $678,733 in 2024.
Earnings per share (EPS) for the twelve months amounted to $0.0023 (2024: $0.0009). For the quarter, EPS totaled $0.0003, compared to a loss per share (LPS) of $0.0004 in 2024. The trailing twelve-month EPS was $0.0023, based on 1,637,500,000 shares.
Notably, ECL’s stock price closed on September 22, 2025, at $2.72, with a corresponding P/E ratio of 7.38x.
Balance Sheet Highlights
The company’s total assets amounted to $58.94 million compared to $56.36 million in 2024. This increase was primarily driven by intangible assets, which rose to $8.91 million from $3.60 million in the prior year.
Shareholders’ equity stood at $10.21 million, up from $7.45 million in 2024, representing a book value per share of $1.00, compared to $0.71 a year earlier.
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