May 18, 2026
Productive Business Solutions Limited (PBS)
Unaudited financials for the first quarter ended March 31, 2026:
Productive Business Solutions Limited (PBS) for the first quarter ended March 31, 2026 reported a 10% decrease in revenue totaling US$84.58 million compared to US$93.97 million in the corresponding three months last year.
Year to date, Direct Expenses amounted to US$55.35 million (2025: US$62.53 million), this represents a decrease of 11% year over year. Consequently, gross profit decreased by 7% to US$29.23 million compared to US$31.44 million for the first quarter ended March 31, 2025.
Other Income amounted to US$960,000 (2025: US$125,000), while Selling, General and Administrative Expenses increased by 1% from US$23.11 million in 2025 to US$23.41 million for the three months. As a result, Operating Profit for the first quarter amounted to US$6.79 million, a 20% decrease relative to US$8.45 million reported in 2025.
Finance Costs for the three months amounted to US$3.43 million, a 16% decrease relative to US4.07 million reported in 2025, primarily driven by improved debt management initiatives and lower financing obligations, while share of investee’s profit amounted to nil (2025: US$163,000). Consequently, Profit before Taxation totalled US$3.36 million, a 26% decrease from the corresponding period last year (2025: US$4.55 million).
The tax charge incurred for the first quarter ended March 31, 2026, amounted to US$1.12 million, a 40% decrease relative to US$1.85 million reported in 2025.
Net profit attributable to shareholders for the three months had a 17% decrease to reach US$2.21 million (2025: US$2.68 million). Total comprehensive income for the three months amounted to US$2.80 million, a 61% increase from the US$1.74 million reported in 2025, supported by favourable currency translation movements of US$563,000 (2025: loss of US$958,000).
Consequently, Earnings Per Share for the three months amounted to US$0.01 (2025: EPS: US$0.01). The twelve-month trailing EPS was US$0.02, and the number of shares used in these calculations was 186,213,523. Notably, PBS’s stock price closed the trading period on May 15, 2026 at a price of US$1.38 with a corresponding P/E ratio of 61.07x.
Balance Sheet Highlights
The company’s assets totaled US$407.75 million (2025: US$406.00 million). The movement in total assets was mainly influenced by a 16% increase in ‘PP&E’ amounting to US$43.58 million (2025: US$37.42 million), partially offset by a 16% decline in ‘Cash and cash equivalents’ amounting to US$20.69 million (2025: US$24.51 million).
Shareholders’ equity was US$74.61 million (2025: US$77.51 million), representing a book value per share of US$0.40 (2025: US$0.42).
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