September 14, 2026
R.A. Williams Distributors Limited (RAWILL)
Unaudited financials for the first quarter ended July 31, 2026:
R.A. Williams Distributors Limited (RAWILL) for the first quarter ended July 31, 2026 reported a 28% increase in Revenue totalling $534.15 million compared to $417.02 million in the corresponding three months last year. Management noted that the quarter reflected strong top-line expansion and a return to profitability, supported by operational efficiency and disciplined margin management.
Cost of Sales amounted to $304.16 million (2025: $228.78 million), representing an increase of 33% year over year. Consequently, Gross Profit increased by 22% to $229.99 million compared to $188.24 million for the first quarter ended July 31, 2025.
Administrative and General Expenses decreased by 7% to $97.97 million from $105.26 million in 2025, while Selling and Distribution Expenses increased by 6% to $72.21 million from $67.82 million in the prior year. As a result, Total Expenses for the first quarter amounted to $170.18 million, representing a 2% decrease relative to $173.08 million reported in 2025.
Operating Profit for the three months amounted to $59.81 million, representing a 294% increase from $15.16 million reported in 2025. Other Income declined by 4% to $16,322 compared to $17,044 in the prior year.
Finance Costs decreased by 30% to $11.91 million compared to $17.09 million in 2025. Consequently, the company reported Profit Before Taxation of $47.92 million, compared to a Loss Before Taxation of $1.91 million in the corresponding period last year.
No taxation charge was recorded for the period. As a result, Net Profit, being Total Comprehensive Income for the period, amounted to $47.92 million, compared to a Net Loss of $1.91 million in 2025.
Consequently, Earnings Per Share for the first quarter amounted to $0.02 compared to a Loss Per Share of approximately $0.001 in 2025. The twelve-month trailing EPS was approximately $0.03, and the number of shares used in these calculations was 2,000,000,000.
Notably, RAWILL’s stock price closed the trading period on September 11, 2026 at $0.38. Using the twelve-month trailing EPS of approximately $0.03, this represents a P/E ratio of approximately 11.39x.
Balance Sheet Highlights
The company’s Total Assets amounted to $1.51 billion at July 31, 2026, representing an 8% decrease from $1.65 billion in 2025. The decline was mainly driven by Inventories, which fell to $676.56 million from $808.62 million, as well as Property, Plant and Equipment, which declined to $62.88 million from $109.22 million. Right-of-Use Assets also decreased to $234.99 million from $277.08 million.
Shareholders’ Equity increased to $835.02 million from $768.30 million in 2025, representing a book value per share of approximately $0.42 compared to $0.38 in the prior year.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
