October 20, 2026
CAC 2000 Limited (CAC)
Unaudited financials for the nine months ended July 31, 2026:
CAC 2000 Limited (CAC) for the nine months ended July 31, 2026 reported a 57% decrease in Revenue totalling $281.67 million compared to $655.82 million in the corresponding period last year. Revenue for the third quarter declined by 74% to $57.39 million compared to $222.09 million for the comparable quarter of 2025.
Cost of Sales amounted to $155.71 million (2025: $432.09 million), representing a decrease of 64% year over year. Consequently, Gross Profit decreased by 44% to $125.96 million compared to $223.73 million for the nine months ended July 31, 2025. Gross Profit for the third quarter declined by 56% to $33.51 million compared to $76.36 million in the corresponding quarter of 2025.
Other Income increased to $408,535 from $170,692 in the prior year. Selling and Distribution Expenses decreased by 34% to $1.64 million from $2.49 million, while General Administration Expenses declined by 23% to $200.38 million from $259.21 million. As a result, Total Administrative and Other Expenses for the nine months amounted to $202.02 million, representing a 23% decrease relative to $261.70 million reported in 2025.
Despite the reduction in expenses, the company recorded an Operating Loss Before Finance Costs and Taxation of $75.65 million for the nine months ended July 31, 2026, approximately double the $37.80 million operating loss recorded in 2025. For the third quarter, the Operating Loss widened to $26.68 million from $7.46 million in the corresponding quarter of 2025.
Net Finance Costs decreased by 16% to $40.46 million compared to $48.40 million in the prior year. Interest Expense declined to $41.82 million from $46.58 million, while Interest Income increased to $263,547 from $192,735.
Consequently, Loss Before Taxation for the nine months ended July 31, 2026 widened by 35% to $116.11 million compared to $86.21 million in 2025. For the third quarter, Loss Before Taxation widened by 47% to $43.74 million compared to $29.68 million in the corresponding quarter of 2025.
No taxation charge or credit was recorded for the nine months ended July 31, 2026, compared to a Taxation Credit of $12.33 million in 2025. Consequently, Net Loss for the nine months widened by 57% to $116.11 million compared to $73.88 million in the prior year. For the third quarter, Net Loss amounted to $43.74 million, representing a 47% wider loss compared to $29.68 million in the corresponding quarter of 2025.
Consequently, Loss Per Share for the nine months amounted to approximately $0.90 compared to $0.57 in 2025, while Loss Per Share for the third quarter amounted to $0.34 compared to $0.23 in the corresponding quarter of 2025. The twelve-month trailing Loss Per Share was approximately $1.69, and the number of ordinary shares used in these calculations was 129,032,258.
Notably, CAC’s stock price closed the trading period on October 16, 2026 at $1.03.
Balance Sheet Highlights
The company’s Total Assets amounted to $1.13 billion at July 31, 2026, representing a 22% decrease from $1.44 billion in 2025. The decline was driven primarily by Trade and Other Receivables, which fell to $468.13 million from $869.65 million. Right-of-Use Assets also declined to nil from $20.07 million, while Property, Plant and Equipment decreased to $7.02 million from $12.08 million.
Shareholders’ Equity decreased significantly to $72.52 million from $290.95 million in 2025, mainly reflecting the losses accumulated during the period. Based on 129,032,258 ordinary shares in issue, book value per share amounted to approximately $0.56 compared to $2.25 in the prior year.
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