August 15, 2025
Cabrokers Limiited(CABROKERS)
Unaudited financials for the six months ended June 30, 2025:
Cabrokers Limiited (CABROKERS) for the six months ended June 30, 2025 reported a 5% increase in Revenue totaling $264.82 million compared to $252.48 million in the corresponding period last year. Revenue for the second quarter had a 14% increase to close at $150.62 million compared to $132.60 million for the comparable quarter of 2024.
Other Operating Income amounted to $21.64 million (2024: $18.09 million), this represents an increase of 20% year over year. Consequently, total operating income decreased marginally to to $286.46 million compared to $287.71 million for the six months ended June 30, 2024. The company booked total operating income of $156.84 million for the second quarter versus $139.43 million reported for the similar quarter of 2024.
Year to date, Administrative and other Expenses increased by 17% to close at $247.33 million (2024: $212.19 million), while Selling Expenses decreased by 68% from $84.84 million in 2024 to $27.48 million in the period under review. As a result, total operating expenses for the six months ended June 30, 2025 amounted to $274.81 million, a 7% decrease relative to $297.03 million reported in 2024.
Operating Profit for the six months ended June 30, 2025, amounted to $11.65 million relative to operating loss of $9.32 million reported in 2024. Operating Profit for the second quarter amounted to $8.14 million (2024: loss of $14.10 million). Finance Costs totaled $5.15 million, an 80% increase from the corresponding period last year. (2024: $2.85 million).
Pretax Profit for the six months ended June 30, 2025, amounted to $6.50 million, a 153% increase relative to pretax loss of $12.17 million reported in 2024. Pretax Profit for the second quarter amounted to$ 4.81 million (2024: Pretax loss of $15.37 million).
No tax charge was incurred in the period under review (2024: nil). Net Profit for the six months amounted to $6.50 million (2024: net loss of $12.17 million). For the second quarter, Net Profit was $4.81 million (2024: net loss of $15.37 million).
Consequently, Earnings Per Share for the six months amounted to $0.02 (2024: LPS: $0.01), while Earnings Per Share for the quarter totaled $0.02 (2024: LPS: $0.06). The twelve-month trailing LPS was $0.30 and the number of shares used in these calculations was 262,500,000.
Notably, CABROKERS’s stock price closed the trading period on August 14, 2025, at a price of $2.32.
Balance Sheet Highlights
The company’s assets totaled $1.23 billion (2024: $1.12 billion). The movement is total assets was primarily attributable a $237.23 million increase in ‘Receivables’ amounting to $745.03 million (2024: $507.80 million) partly offset by a 66% decline in ‘Cash and bank balances’ amounting to $94.03 million (2024: $276 million).
Shareholders’ equity was $450.59 million (2024: $567.44 million), representing a book value per share of $1.72 (2024: $2.16).
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