March12, 2026
Blue Power Group Limited (BPOW)
Unaudited financials for the nine months ended January 31, 2026:
Blue Power Group Limited (BPOW) for the nine months ended January 31, 2026, reported a 15% decrease in revenue totaling $585.09 million compared to $687.49 million in the corresponding period last year. Revenue for the third quarter had a 12% decrease to close at $193.66 million compared to $218.93 million for the comparable quarter of 2025.
Cost of sales amounted to $392.65 million (2025: $451.28 million), representing a 13% decrease year over year. Consequently, gross profit decreased by 19% to $192.45 million compared to $236.21 million for the nine months ended January 31, 2025. The company booked gross profit of $58.70 million for the third quarter versus $63.48 million reported for the similar quarter of 2025.
Impairment gains on investments increased by 3,029% to close at $604,741 (2025: $19,324), while administrative and other expenses increased by 9% from $164.24 million in 2025 to $179.39 million in the period under review. As a result, profit from operations for the nine months ended January 31, 2026, amounted to $25.98 million, a 68% decrease relative to $80.52 million reported in 2025.
Other income for the nine months ended January 31, 2026, amounted to $12.31 million, a 39% increase relative to $8.87 million reported in 2025. Other income for the third quarter amounted to $2.87 million (2025: $3.29 million). Finance income totaled $13.84 million, a 48% decrease from the corresponding period last year (2025: $26.45 million).
Finance costs for the nine months ended January 31, 2026, amounted to $1.43 million, a 36% decrease relative to $2.23 million reported in 2025. Finance costs for the third quarter amounted to $431,947 (2025: $1.11 million).
Profit before taxation for the nine months ended January 31, 2026, decreased by 56% to $54.29 million (2025: $124.29 million). Taxation charge for the nine months amounted to $7.79 million, a 66% decrease from the $22.98 million reported in 2025. For the third quarter, taxation charge totaled $137,376 (2025: $4.47 million).
Net profit decreased by 54% to $46.50 million (2025: $101.30 million). Net profit for the quarter totaled $488,272 relative to $14.16 million booked in the prior year’s quarter.
Consequently, earnings per share for the nine months amounted to $0.08 (2025: $0.18), while earnings per share for the quarter totaled $0.0009 (2025: $0.03). The twelve-month trailing EPS was $0.15, and the number of shares used in these calculations was 564,990,000.
Notably, BPOW’s stock price closed the trading period on March 12, 2026, at a price of $3.72 with a corresponding P/E ratio of 25.64x.
Balance Sheet Highlights
The company’s assets totaled $1.86 billion (2025: $1.82 billion). This increase in total assets was attributable to inventories which amounted to $412.48 million (2025: $370.82 million).
Shareholders’ equity was $1.77 billion (2025: $1.69 billion), representing a book value per share of $3.13 (2025: $3.00).
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