June 8, 2026
Eppley Limited (EPLY)
Unaudited financials for the first quarter ended March 31, 2026:
Eppley Limited (EPLY) for the first quarter ended March 31, 2026, reported a 16% increase in gross investment income totalling $464.57 million compared to $400.42 million in the corresponding three months last year.
Interest expense amounted to $156.38 million (Q1 2025: $167.37 million), representing a decrease of 7% year over year, driven by amortization and prudent debt management. Consequently, net investment income increased by 32% to $308.19 million compared to $233.04 million for the first quarter ended March 31, 2025.
Net impairment gains on financial assets improved to $2.90 million (Q1 2025: $186,000), while Administrative Expenses increased by 32% from $110.15 million in Q1 2025 to $145.71 million for the three months, attributable to general inflationary increases and costs relating to the company’s new office space. Fees and other operating income for the first quarter amounted to $56.19 million, a 18% decrease relative to $68.40 million reported in Q1 2025.
Share of Net Profit from Associated Companies and Joint Ventures for the three months amounted to $78.63 million (Q1 2025: $71.42 million), a 10% increase year over year.
Profit Before Tax totalled $300.19 million, a 14% increase from the corresponding period last year (Q1 2025: $262.90 million).
Taxation for the first quarter ended March 31, 2026, amounted to $1.79 million, an 89% decrease relative to $15.62 million reported in Q1 2025. As such, Net Profit for the three months increased by 21% to reach $298.41 million (Q1 2025: $247.28 million).
Net profit attributable to shareholders for the three months amounted to $204.19 million, a 22% increase from the $167.57 million reported in Q1 2025.
Consequently, Earnings Per Share for the three months amounted to $1.06 (Q1 2025: $0.87). The twelve-month trailing EPS was $4.08, and the number of shares used in these calculations was 192,468,300.
Notably, EPLY’s stock price closed on June 5, 2026, at $35.00, with a corresponding trailing P/E ratio of 8.58x.
Balance Sheet Highlights
The company’s total assets stood at $22.49 billion (Q1 2025: $20.70 billion), a 9% increase year over year. The growth was supported primarily by Investment Properties of $9.14 billion (Q1 2025: $8.41 billion) and Investment in Associated Companies and Joint Ventures of $4.56 billion (Q1 2025: $4.34 billion).
Shareholders’ equity attributable to owners of the company was $2.62 billion (Q1 2025: $2.04 billion), representing a book value per share of $13.63 (Q1 2025: $10.58).
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