July 01, 2025

Blue Power Group Limited (BPOW)

Audited financials for the twelve months ended April 30, 2025:

Blue Power Group Limited (BPOW) for the twelve months ended April 30, 2025, reported a 14% increase in revenue totalling $963.46 million compared to $846.64 million in the corresponding period last year. Revenue for the fourth quarter had a 24% increase to close at $275.97 million compared to $222.54 million for the comparable quarter of 2024.

Cost of Sales amounted to $640.08 million (2024: $515.54 million), this represents an increase of 24% year over year. Consequently, gross profit decreased by 2% to $323.38 million compared to $331.10 million for the twelve months ended April 30, 2024. The company booked gross profit of $87.17 million for the fourth quarter versus $89.08 million reported for the similar quarter of 2024.

Impairment losses on investment increased by 53% to close at $176,656 (2024: $115,412), while Administrative and Other Expenses increased by 14% from $198.20 million in 2024 to $226.62 million in the period under review. As a result, profit from operations for the twelve months ended April 30, 2025, amounted to $108.98 million, a 28% decrease relative to $152.36 million reported in 2024.

Other income for the twelve months ended April 30, 2025, amounted to $12.56 million, a 27% decrease relative to $17.20 million reported in 2024. Other income for the fourth quarter amounted to $3.69 million (2024: $3.70 million). Finance income totalled $37.12 million, a 4% increase from the corresponding period last year. (2024: $35.71 million).

Finance costs for the twelve months ended April 30, 2025, amounted to $2.85 million, a 24% decrease relative to $3.77 million reported in 2024. Finance costs for the fourth quarter amounted to $618,621 (2024: $11.31 million).

Profit before Taxation for the twelve months ended April 30, 2025, had a 21% decrease to reach $164.35 million (2024: $207.51 million). Taxation for the twelve months amounted to $27.56 million, a 20% decrease from the $34.25 million reported in 2024. For the fourth quarter, Taxation charge was $4.58 million (2024: Taxation credit of $33,304).

Net Profit decreased by 21% to $136.79 million (2024: $173.26 million). Net Profit for the quarter totalled $35.49 million relative to the $52.96 million booked in the prior year’s quarter.

Comprehensive income for the period totalled $184.11 million, relative to $173.26 million reported twelve months prior.

Consequently, Earnings Per Share for the twelve months amounted to $0.24 (2024: EPS: $0.31), while Earnings Per Share for the quarter totaled $0.06 (2024: EPS: $0.09). The number of shares used in these calculations was 564,990,000.

Notably, BPOW’s stock price closed the trading period on June 30, 2025, at a price of $5.19 with a corresponding P/E ratio of 21.44x.

Balance Sheet Highlights

The company’s assets totalled $1.90 billion (2024: $1.73 billion). This increase in total assets was attributable to Inventories which amounted to $444.43 million (2024: $296.23 million).

Shareholder’s equity was $1.78 billion (2024: $1.65 billion), representing a book value per share of $3.15 (2024: $2.92).

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