August 14, 2025
Cargo Handlers Limited (CHL)
Unaudited financials for the nine months ended June 30, 2025:
Cargo Handlers Limited (CHL) reported a 5% decrease in revenue to $357.57 million, compared with $377.48 million in the corresponding period last year. Third-quarter revenue rose 12% to $117.32 million, compared with $104.70 million in the comparable quarter of 2024.
Cost of sales amounted to $3.69 million (2024: $3.97 million), representing a 7% year-over-year decrease. Consequently, gross profit decreased by 5% to $353.89 million, compared with $373.51 million for the nine months ended June 30, 2024. The company recorded gross profit of $116.97 million for the third quarter, versus $104.58 million in the same quarter of 2024.
Administrative expenses increased by 31% to $35.70 million (2024: $27.23 million), while other operating expenses decreased by 8% to $190.55 million from $208.03 million in 2024. As a result, total expenses for the nine months ended June 30, 2025, amounted to $226.25 million, a 4% decrease relative to $235.25 million reported in 2024.
Operating profit for the nine months ended June 30, 2025, amounted to $127.64 million, an 8% decrease from $138.25 million reported in 2024. Operating profit for the third quarter amounted to $43.29 million (2024: $36.46 million). Finance costs totalled $2.08 million, a 38% decrease from the corresponding period last year (2024: $3.35 million).
Profit before taxation for the nine months ended June 30, 2025, amounted to $267.60 million, a 32% increase from $203.44 million reported in 2024. Profit before taxation for the third quarter amounted to $102.61 million (2024: $68.93 million).
Taxation for the nine months ended June 30, 2025, increased 15% to $47.63 million (2024: $41.46 million). Net profit for the nine months amounted to $219.97 million, a 36% increase from $161.98 million reported in 2024. For the third quarter, net profit was $88.66 million (2024: $57.50 million).
Consequently, earnings per share for the nine months amounted to $0.53 (2024: $0.39), while earnings per share for the quarter totalled $0.21 (2024: $0.14). The twelve-month trailing EPS was $0.80, and the number of shares used in these calculations was 416,250,000.
CHL’s stock price closed at $11.25 on August 13, 2025, with a corresponding P/E ratio of 14.12x.
Balance Sheet Highlights
The company’s assets totalled $1.45 billion (2024: $1.22 billion). This increase was attributable to the investment in an associate, which amounted to $498.75 million (2024: $338.69 million).
Shareholders’ equity was $1.34 billion (2024: $1.10 billion), representing a book value per share of $3.22 (2024: $2.64).
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