September15, 2026
Blue Power Group Limited (BPOW)
Unaudited financials for the first quarter ended July 31, 2026:
Blue Power Group Limited (BPOW) for the first quarter ended July 31, 2026 reported a 3% decrease in Revenue totalling $225.41 million compared to $231.70 million in the corresponding three months last year. Management noted that the quarter reflected margin compression and competitive dynamics associated with the 40% tariff on the landed value of key raw materials used in soap production, compounded by higher shipping costs.
Cost of Revenue amounted to $170.72 million (2025: $153.83 million), representing an 11% increase year over year. Consequently, Gross Profit decreased by 30% to $54.69 million compared to $77.87 million for the first quarter ended July 31, 2025.
The Group recorded an Impairment Gain on Investments of $1.95 million, compared to an Impairment Loss of $169,857 in 2025. However, this was offset by an Impairment Loss on Trade Receivables of $6.49 million, compared to an Impairment Gain of $1.24 million in the prior year. Administrative and Other Expenses decreased by 5% to $65.03 million from $68.30 million in 2025, while Other Income declined by 66% to $1.71 million from $5.09 million.
As a result, the Group recorded an Operating Loss of $13.17 million for the first quarter ended July 31, 2026, compared to Operating Profit of $15.73 million in the corresponding period last year.
Share of Profit of Associated Company decreased by 31% to $4.32 million from $6.24 million in 2025. Consequently, Loss Before Net Finance Income and Taxation amounted to $8.85 million, compared to Profit Before Net Finance Income and Taxation of $21.97 million in the prior year.
Finance Income increased by 2% to $12.60 million from $12.32 million in 2025, while Finance Costs increased by 35% to $744,424 from $551,398. As a result, Net Finance Income amounted to $11.86 million, broadly in line with the $11.76 million reported in 2025.
Profit Before Taxation for the first quarter ended July 31, 2026 amounted to $3.01 million, representing a 91% decrease from $33.74 million reported in 2025. Taxation decreased by 67% to $1.78 million compared to $5.32 million in the prior year.
Consequently, Net Profit for the first quarter amounted to $1.23 million, representing a 96% decrease from $28.42 million reported in 2025. Total Comprehensive Income for the quarter also amounted to $1.23 million, compared to $28.42 million in the prior year.
Consequently, Basic and Diluted Earnings Per Stock Unit for the first quarter amounted to $0.002 compared to $0.05 in 2025. The twelve-month trailing EPS was approximately $0.06, and the number of shares used in these calculations was 564,990,000.
Notably, BPOW’s stock price closed the trading period on September 14, 2026 at $3.25. Using the twelve-month trailing EPS of approximately $0.06, this represents a P/E ratio of approximately 55.61x.
Balance Sheet Highlights
The company’s Total Assets amounted to $1.85 billion at July 31, 2026, representing a 4% decrease from $1.92 billion in 2025. The decline was mainly driven by Cash and Cash Equivalents, which fell to $168.13 million from $250.38 million, as well as Inventories, which decreased to $366.24 million from $396.18 million. Interest in Associated Company also declined to $436.04 million from $454.31 million, while Property, Plant and Equipment fell to $307.73 million from $320.25 million.
Shareholders’ Equity decreased to $1.75 billion from $1.81 billion in 2025, representing a book value per share of approximately $3.10 compared to $3.20 in the prior year.
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