December 2, 2025

Stationery and Office Supplies Limited (SOS)

Unaudited financials for the nine months ended September 30, 2025

Stationery and Office Supplies Limited (SOS) for the nine months ended September 30, 2025, reported a 6% increase in revenue totaling $1.49 billion compared to $1.41 billion in the corresponding period last year. Revenue for the third quarter increased by 13% to close at $504.76 million compared to $448.31 million for the comparable quarter of 2024.

Cost of Sales amounted to $681.84 million (2024: $614.11 million), representing an 11% increase year over year. Consequently, gross profit increased by 2% to $808.15 million compared to $791.82 million for the nine months ended September 30, 2024. The company recorded gross profit of $284.47 million for the third quarter versus $247.91 million reported for the similar quarter of 2024.

Administrative and general expenses increased by 15% to $500.62 million (2024: $435.36 million), while Selling and Promotional Costs increased by 3% from $113.12 million in 2024 to $117.08 million for the period under review. Depreciation and amortisation for the nine months ended September 30, 2025, amounted to $33.80 million, a 13% increase relative to the $30.01 million reported in 2024.

Operating profit for the nine months ended September 30, 2025, amounted to $159.95 million, a 25% decrease relative to $213.33 million reported in 2024. Operating profit for the third quarter totaled $62.07 million (2024: $60.55 million). Finance costs amounted to $2.25 million, a 22% decrease from the corresponding period last year (2024: $2.90 million).

Profit before tax for the nine months ended September 30, 2025, amounted to $175.84 million, a 22% decrease relative to $226.78 million reported in 2024. Profit before tax for the third quarter totaled $68.51 million (2024: $70.10 million).

Loss on foreign exchange for the nine months ended September 30, 2025, increased by 168% to $7.86 million (2024: $2.93 million). Gain on disposal of property, plant and equipment for the nine months amounted to $1.20 million, a 78% decrease from the $5.57 million reported in 2024.

Income Tax Expense decreased by 24% to $21.65 million (2024: $28.36 million). Income Tax Expense for the quarter totaled $8.65 million relative to $8.76 million booked in the prior year’s quarter.

Net Profit for the period totaled $154.18 million compared to $198.42 million reported twelve months prior. For the quarter, Net Profit amounted to $59.86 million compared to the $61.34 million reported in 2024.

Consequently, Earnings Per Share for the nine months amounted to $0.07 (2024: $0.09), while Earnings Per Share for the quarter totaled $0.03 (2024: $0.03). The twelve-month trailing EPS was $0.08, based on 2,251,084,500 shares.

Notably, SOS’s stock price closed the trading period on December 01, 2025, at $1.75 with a corresponding P/E ratio of 22.06x.

Balance Sheet Highlights

The company’s assets totaled $2.07 billion (2024: $1.94 billion). This increase was attributable to property, plant and equipment, which amounted to $986.35 million (2024: $857.58 million).

Shareholders’ equity was $1.66 billion (2024: $1.53 billion), representing a book value per share of $0.74 (2024: $0.68).

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