November 14, 2025
Cargo Handlers Limited (CHL)
Unaudited financials for the twelve months ended September 30, 2025:
Cargo Handlers Limited (CHL), for the twelve months ended September 30, 2025, reported a 2% increase in revenue, totaling $481.28 million compared to $473.48 million in the corresponding period last year. Revenue for the fourth quarter increased by 29% to $123.70 million compared to $95.99 million for the comparable quarter of 2024.
Cost of Sales amounted to $3.69 million (2024: $4.16 million), representing an 11% year-over-year decrease. Consequently, gross profit increased by 2% to $477.59 million compared to $469.32 million for the twelve months ended September 30, 2024. The company booked gross profit of $123.70 million for the fourth quarter versus $95.81 million reported for the similar quarter of 2024.
Administrative Expenses increased by 17% to $41.02 million (2024: $35.08 million), while Other Operating Expenses decreased by 1%, moving from $267.12 million in 2024 to $263.20 million in the period under review. As a result, total expenses for the twelve months ended September 30, 2025, amounted to $304.22 million, a 1% increase relative to $302.20 million reported in 2024.
Operating profit for the twelve months amounted to $173.38 million, a 4% increase relative to $167.12 million reported in 2024. Operating profit for the fourth quarter totalled $45.73 million (2024: $28.87 million). Finance Costs amounted to $2.10 million, a 51% decrease from the corresponding period last year (2024: $4.24 million).
Profit before taxation for the twelve months ended September 30, 2025, amounted to $376.98 million, a 22% increase relative to $308.33 million reported in 2024. Profit before taxation for the fourth quarter was $109.38 million (2024: $104.89 million).
Taxation for the twelve months increased by 87% to $64.69 million (2024: $34.65 million). Net Profit for the twelve months amounted to $312.29 million, a 14% increase compared to $273.69 million reported in 2024. For the fourth quarter, Net Profit was $92.32 million (2024: $111.71 million).
Consequently, Earnings Per Share (EPS) for the twelve months amounted to $0.75 (2024: $0.66), while EPS for the quarter totaled $0.22 (2024: $0.27). The twelve-month trailing EPS was $0.75, and the number of shares used in these calculations was 416,250,000.
Notably, CHL’s stock price closed the trading period on November 13, 2025, at $12.10, with a corresponding P/E ratio of 16.13x.
Balance Sheet Highlights
The company’s assets totalled $1.48 billion (2024: $1.29 billion). This increase was attributable to investment in associate, which amounted to $544.95 million (2024: $388.04 million).
Shareholders’ equity was $1.39 billion (2024: $1.17 billion), representing a book value per share of $3.33 (2024: $2.80).
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