May 18, 2026

Barita Investments Limited (BIL)

 Unaudited financials for the six months ended March 31, 2026:

Barita Investments Limited (BIL) for the six months ended March 31, 2026, reported a 145% increase in Net Interest Income totaling $936.54 million compared to $381.80 million in the corresponding period last year. Net Interest Income for the second quarter had a 236% increase to close at $714.49 million compared to $212.63 million for the comparable quarter of 2025.

• Fees and Commission Income for the six months ended March 31, 2026, amounted to $2.02 billion (2025: $1.85 billion).
• Foreign Exchange Trading and Translation Losses for the six months amounted to $13.01 million (2025: gain of $56.58 million).
• Gain on Investment Activities for the six months ended March 31, 2026, amounted to $1.87 billion (2025: $1.25 billion).
• Other income for the six months amounted to $82.68 million (2025: $58.68 million).

Consequently, Net Operating Revenue for the six months ended March 31, 2026, amounted to $4.90 billion (2025: $3.60 billion).

Staff Costs increased by 4% to close at $780.31 million (2025: $753.79 million), while Administration costs increased by 80% from $1.31 billion in 2025 to $2.35 billion in the period under review. As a result, total expenses for the six months ended March 31, 2026, amounted to $3.15 billion, a 60% increase relative to $1.97 billion reported in 2025.

Operating profit for the six months ended March 31, 2026, amounted to $1.74 billion, a 7% increase relative to $1.63 billion reported in 2025. Operating profit for the second quarter amounted to $1.49 billion (2025: $957.46 million).

Share loss booked in associated company totalled $8.21 million, an improvement from the loss of $134.99 million reported in 2025.

Profit Before Taxation for the six months ended March 31, 2026, amounted to $1.74 billion, a 16% increase relative to $1.50 billion reported in 2025. Profit Before Taxation for the second quarter amounted to $1.48 billion (2025: $806.49 million).

Taxation for the six months ended March 31, 2026, had an 11% increase to reach $354.22 million (2025: $319.11 million). As such, Net Profit for the six months amounted to $1.38 billion, a 17% increase from the $1.18 billion reported in 2025. For the second quarter, Net Profit was $1.17 billion (2025: $627.54 million).

Consequently, Earnings Per Share for the six months amounted to $1.13 (2025: EPS: $0.97), while Earnings Per Share for the quarter totaled $0.96 (2025: EPS: $0.51). The twelve-month trailing EPS was $2.63, and the number of shares used in these calculations was 1,220,388,243.

Notably, BIL’s stock price closed the trading period on May 15, 2026, at a price of $68.02 with a corresponding P/E ratio of 25.82x.

Balance Sheet Highlights

The company’s assets totalled $179.19 billion (2025: $146.16 billion). The growth in total assets was driven primarily by a 16% or $16.44 billion increase in pledged assets to close the period at $116.70 billion, alongside a $19.10 billion increase in ‘Investment Property’ amounting to $19.33 billion (2025: $230.00 million).

Shareholder’s equity was $36.45 billion (2025: $36.18 billion), representing a book value per share of $29.87 (2025: $29.64).

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