JFP Limited (JFP)

Unaudited financials for the first quarter ended March 31, 2026:

JFP Limited (JFP) for the first quarter ended March 31, 2026, reported an 18% decrease in revenue totalling $92.05 million compared to $112.24 million in the corresponding three months last year.

Cost of Sales amounted to $61.52 million (2025: $52.78 million), this represents an increase of 17% year over year. Consequently, gross profit decreased by 49% to $30.53 million compared to $59.46 million for the first quarter ended March 31, 2025.

Other Income decreased by 23% to close at $348,517 (2025: Other Income $455,256), while Administrative Expenses increased from $51.76 million in 2025 to $53.49 million for the three months. As a result, total operating expenses for the first quarter amounted to $55.91 million, a 3% increase relative to $54.32 million reported in 2025.

Operating Loss for the three months amounted to $25.03 million, a negative turnaround relative to Operating profit of $5.59 million reported in 2025.

Net Finance cost totalled $3.28 million, a 36% decrease from the corresponding period last year (2025: $5.12 million), supported by finance income of $4.80 million (2025: $4,590) earned on invested funds.

No taxes were incurred. As such, Net Loss for the three months amounted to $28.32 million (2025: Net Profit of $474,601).

Consequently, Loss Per Share for the three months amounted to $0.0253 (2025: EPS: $0.0004). The twelve-month trailing EPS was $0.20, and the number of shares used in these calculations was 1,120,000,000.

Notably, JFP’s stock price closed the trading period on May 15, 2026, at a price of $0.38 with a corresponding P/E ratio of 1.88x.

Balance Sheet Highlights

The company’s assets totalled $605.53 million (2025: $595.79 million). The movement in total assets was influenced by a significant increase in ‘Investments’ amounting to $251.15 million (2025: $7.75 million), reflecting the strategic reinvestment of proceeds from the prior-year land sale into income-generating investment instruments, offset by a 43% decline in ‘Property, plant and equipment’ amounting to $45.88 million (2025: $79.88 million) and a 69% decline in ‘Receivables’ amounting to $88.60 million (2025: $289.16 million).

Shareholder’s equity was $251.22 million (2025: $25.37 million), representing a book value per share of $0.22 (2025: $0.02).

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