May 14, 2026
OMNI INDUSTRIES LIMITED (OMNI)
Unaudited financials for the first quarter ended March 31, 2026:
OMNI INDUSTRIES LIMITED (OMNI) for the first quarter ended March 31, 2026, reported a 47% increase in revenue totaling $693.30 million compared to $470.77 million in the corresponding three months last year.
Year to date, Cost of Sales amounted to $433.82 million (2025: $289.29 million), this represents an increase of 50% year over year. Consequently, gross profit increased by 43% to $259.48 million compared to $181.48 million for the first quarter ended March 31, 2025.
Other Income increased by 21% to close at $8.75 million (2025: $7.22 million), while administrative expenses increased by 12% from $59.65 million in 2025 to $66.99 million for the three months. Additionally, Factory expenses amounted to $68.91 million, a 19% increase relative to $58.11 million reported in 2025, while selling expenses increased by 19% amounting to $40.44 million (2025: $33.89 million).
Operating Profit for the three months amounted to $91.89 million, a 148% increase compared to $37.05 million reported in 2025. Net finance costs totaled $6.22 million, a 3% decrease from the corresponding period last year (2025: $6.42 million).
Profit before Taxation for the first quarter ended March 31, 2026, amounted to $85.68 million, a 180% increase relative to $30.63 million reported in 2025.
No tax charge was incurred in the first quarter (2025: nil), as the Company continues to benefit from its Junior Market tax incentive (full exemption through June 2029). As a result, Net Profit for the three months amounted to $85.68 million, a 180% increase from the $30.63 million reported in 2025.
Consequently, Earnings Per Share for the three months amounted to $0.03 (2025: EPS: $0.01). The twelve-month trailing EPS was $0.08, and the number of shares used in these calculations was 2,500,000,000. Notably, OMNI’s stock price closed the trading period on May 13, 2026, at a price of $0.87 with a corresponding P/E ratio of 11.04x.
Balance Sheet Highlights
The company’s assets totaled $1.89 billion (2025: $1.56 billion). The rise in total assets was primarily attributable to a 26% increase in “Property, Plant and Equipment” amounting to $593.59 million (2025: $469.50 million), supported by a 14% increase in “Inventories” amounting to $796.29 million (2025: $701.42 million) and a 31% increase in “Receivables” amounting to $451.21 million (2025: $344.66 million). Additionally, “Cash and Bank” increased by 47% amounting to $52.82 million (2025: $35.92 million).
Shareholder’s equity was $1.15 billion (2025: $957.66 million), representing a book value per share of $0.46 (2025: $0.38).
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