March 04, 2026
Carreras Ltd (CAR)
Audited financials for the twelve months ended December 31, 2025:
Carreras Ltd (CAR) for the twelve months ended December 31, 2025, reported a 7% increase in Operating Revenue totaling $20.90 billion compared to $19.55 billion in the corresponding period last year. Operating Revenue for the fourth quarter decreased by 19% to close at $5.52 billion compared to $6.83 billion for the comparable quarter of 2024.
Cost of Operating Revenue amounted to $8.96 billion (2024: $8.66 billion), representing an increase of 3% year over year. Consequently, gross operating profit increased by 10% to $11.94 billion compared to $10.89 billion for the twelve months ended December 31, 2024. The company booked gross operating profit of $3.24 billion for the fourth quarter versus $4.01 billion reported for the similar quarter of 2024.
Other Operating Income decreased by 23% to close at $230.44 million (2024: $300.84 million), while Administrative, Distribution and Marketing Expenses increased by 8% from $3.04 billion in 2024 to $3.28 billion in the period under review. As a result, profit from operations for the twelve months ended December 31, 2025, amounted to $8.81 billion, a 7% increase relative to $8.19 billion reported in 2024.
Profit before Income Tax for the twelve months ended December 31, 2025, amounted to $8.81 billion, a 7% increase relative to $8.19 billion reported in 2024. Profit before Income Tax for the fourth quarter amounted to $1.94 billion (2024: $3.24 billion).
Income tax for the twelve months ended December 31, 2025, increased by 13% to reach $2.21 billion (2024: $1.96 billion). Net profit for the twelve months amounted to $6.60 billion, a 6% increase from the $6.23 billion reported in 2024. For the fourth quarter, Net Profit was $1.77 billion (2024: $2.52 billion).
Total comprehensive income for the twelve months ended December 31, 2025, amounted to $6.63 billion, a 6% increase relative to $6.24 billion reported in 2024. Total comprehensive income for the fourth quarter amounted to $1.77 billion (2024: $2.53 billion).
Consequently, Earnings Per Share for the twelve months amounted to $1.36 (2024: $1.28), while Earnings Per Share for the quarter totaled $0.36 (2024: $0.52). The twelve-month trailing EPS was $1.36, and the number of shares used in these calculations was 4,854,400,000.
Notably, CAR’s stock price closed the trading period on March 03, 2026, at $20.53 with a corresponding P/E ratio of 13.56x.
Balance Sheet Highlights
The company’s assets totaled $7.34 billion (2024: $8.83 billion). This decrease was attributable to accounts receivables which amounted to $1.83 billion (2024: $3.55 billion).
Shareholders’ equity was $3.16 billion (2024: $3.76 billion), representing a book value per share of $0.65 (2024: $0.77).
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