May 1, 2026
CAC 2000 Limited (CAC)
Unaudited financials for the three months ended January 31, 2026:
CAC 2000 Limited (CAC), for the three months ended January 31, 2026, reported a 57% decline in revenue, totaling $81.49 million, compared to $190.36 million in the corresponding period of 2025.
Cost of Sales amounted to $56.69 million (2025: $140.58 million), reflecting a 60% year-over-year decrease. Consequently, gross profit declined by 50% to $24.80 million, compared to $49.78 million for the three months ended January 31, 2025. Notably, gross margin expanded to 30.4% from 26.1% in the prior year quarter.
Selling and Distribution expenses decreased by 71%, closing at $1.30 million (2025: $4.42 million), while General Administrative expenses decreased by 3%, falling from $88.03 million in 2025 to $85.56 million in the current period. As a result, total administrative and other expenses for the three months ended January 31, 2026, amounted to $86.86 million, a 6% decrease compared to $92.45 million reported in 2025. Additionally, Other Income for the three months ended January 31, 2026 amounted to $233,943 (2025: $106,032).
Consequently, Operating Loss before finance cost and taxation for the three months ended January 31, 2026, was $61.82 million, representing a 45% deterioration from the loss of $42.56 million reported in 2025. The company also recorded Other Gains and Losses of $2.23 million in losses (2025: $734,095 loss).
Net Finance Costs totaled $19.10 million, a 19% increase over the $16.05 million recorded in the prior year, driven primarily by Interest Expense of $16.95 million (2025: $15.32 million).
Loss Before Taxation for the three months ended January 31, 2026, amounted to $80.92 million, a 38% deterioration relative to the loss of $58.61 million reported in 2025.
No tax charge or credit was recorded for the period (2025: nil). As a result, Net Loss for the three months amounted to $80.92 million, a 38% decline from the loss of $58.61 million reported in 2025.
Consequently, Loss Per Share for the quarter amounted to $0.63 (2025: LPS: $0.45). The number of shares used in these calculations was 129,189,757.
Notably, CAC’s stock price closed the trading period on April 30, 2026 at a price of $1.60.
Balance Sheet Highlights
The company’s total assets amounted to $1.10 billion as at January 31, 2026, reflecting a decrease of $231.01 million or 17% compared to $1.33 billion reported in the corresponding period of 2025.
This movement was primarily driven by:
Trade and Other Receivables, which fell by $285.70 million to $416.69 million (2025: $702.39 million),
Shareholders’ equity was $107.72 million (2025: $306.22 million), representing a book value per share of $0.83 (2025: $2.37). Notably, equity declined by 65% year-over-year, reflecting the cumulative impact of the FY2025 net loss of $176.20 million and the Q1 FY2026 loss of $80.92 million.
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