September 15, 2025
Blue Power Group Limited (BPOW)
Unaudited Financials for the First Quarter Ended July 31, 2025
Blue Power Group Limited (BPOW) reported a 1% decrease in revenue for the first quarter ended July 31, 2025, totaling $231.70 million compared to $233.88 million in the corresponding three months last year.
Cost of sales amounted to $153.83 million (2024: $138.40 million), representing an 11% year-over-year increase. Consequently, gross profit declined by 18% to $77.87 million compared to $95.48 million for the first quarter ended July 31, 2024.
Impairment losses on investment receivables increased by 1,466% to $1.24 million (2024: $79,062), while administrative and other expenses rose by 31%, from $52.32 million in 2024 to $68.30 million for the three months. As a result, profit from operations for the first quarter amounted to $15.73 million, a 66% decrease relative to $45.66 million reported in 2024.
Other income for the three months amounted to $5.09 million, a 74% increase relative to $2.93 million reported in 2024. Finance income totaled $12.32 million, a 51% increase from the corresponding period last year (2024: $8.17 million).
Finance costs for the first quarter ended July 31, 2025, amounted to $551,398, a 56% decrease relative to $1.24 million reported in 2024.
Profit before taxation for the three months decreased by 44% to $33.74 million (2024: $60.02 million). The taxation charge for the three months was $5.32 million; a 54% decrease compared to $11.49 million reported in 2024. Net profit decreased by 41% to $28.42 million (2024: $48.54 million).
Accordingly, earnings per share for the three months amounted to $0.05 (2024: EPS $0.09). The twelve-month trailing EPS was $0.21, based on 564,990,000 shares outstanding.
Notably, BPOW’s stock price closed the trading period on September 12, 2025, at $3.98, with a corresponding P/E ratio of 19.27x.
Balance Sheet Highlights
The company’s assets totaled $1.92 billion (2024: $1.81 billion), driven by investments amounting to $369.19 million (2024: $241.98 million).
Shareholders’ equity was $1.81 billion (2024: $1.70 billion), representing a book value per share of $3.20 (2024: $3.01).
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