February 12, 2026
LASCO Distributors Limited (LASD)
Unaudited financials for the nine months ended December 31, 2025:
LASCO Distributors Limited (LASD), for the nine months ended December 31, 2025, reported a 5% increase in revenue totaling $23.76 billion compared to $22.70 billion in the corresponding period last year. Revenue for the third quarter increased by 8% to $8.36 billion compared to $7.73 billion for the comparable quarter of 2024.
Cost of sales amounted to $19.77 billion (2024: $18.69 billion), representing a 6% increase year over year. Consequently, gross profit decreased by 1% to $3.99 billion compared to $4.01 billion for the nine months ended December 31, 2024. The company booked gross profit of $1.39 billion for the third quarter versus $1.35 billion reported for the similar quarter of 2024.
Operating expenses for the nine months ended December 31, 2025, amounted to $3.05 billion, a 7% increase relative to $2.85 billion reported in 2024. For the quarter, operating expenses amounted to $1.03 billion (2024: $929.48 million).
Operating profit for the nine months ended December 31, 2025, amounted to $1.09 billion, a 17% decrease relative to $1.31 billion reported in 2024. Operating profit for the third quarter amounted to $373.55 million (2024: $431.02 million). Finance costs totalled $31.13 million, a 251% increase from the corresponding period last year (2024: $8.88 million).
Profit before taxation for the nine months ended December 31, 2025, amounted to $1.06 billion, a 19% decrease relative to $1.30 billion reported in 2024. Profit before taxation for the third quarter amounted to $359.70 million (2024: $423.81 million).
The taxation charge for the nine months ended December 31, 2025, decreased by 21% to $202.81 million (2024: $255.37 million). Net profit for the nine months amounted to $857.88 million, an 18% decrease from the $1.05 billion reported in 2024. For the third quarter, net profit was $278.21 million (2024: $329.56 million).
Total comprehensive income for the nine months ended December 31, 2025, amounted to $815.98 million, a 24% decrease relative to $1.07 billion reported in 2024. Total comprehensive income for the third quarter amounted to $236.30 million (2024: $355.19 million).
Consequently, earnings per share for the nine months amounted to $0.24 (2024: EPS: $0.30), while earnings per share for the quarter totalled $0.08 (2024: EPS: $0.09). The twelve-month trailing EPS was $0.33, and the number of shares used in these calculations was 3,530,702,702.
Notably, LASD’s stock price closed the trading period on February 10, 2026, at $3.36, with a corresponding P/E ratio of 10.32x.
Balance Sheet Highlights:
The company’s assets totalled $18.26 billion (2024: $17.04 billion). This increase was attributable to receivables, which amounted to $5.75 billion (2024: $4.68 billion).
Shareholders’ equity was $10.87 billion (2024: $10.21 billion), representing a book value per share of $3.08 (2024: $2.89).
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