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).
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.
