November 19, 2025
Derrimon Trading Ltd (DTL)
Unaudited Financials for the Nine Months Ended September 30, 2025
Derrimon Trading Ltd (DTL) for the nine months ended September 30, 2025, reported a 5% increase in Trading Income, totaling $12.20 billion compared to $11.57 billion in the corresponding period last year. Trading Income for the third quarter declined by 2%, closing at $3.69 billion compared to $3.76 billion for the comparable quarter of 2024.
Cost of Sales amounted to $8.86 billion (2024: $8.61 billion), representing a 3% year-over-year increase. Consequently, Gross Profit rose by 13% to $3.34 billion compared to $2.96 billion for the nine months ended September 30, 2024. The company booked Gross Profit of $990.54 million for the third quarter versus $937.16 million reported for the similar quarter of 2024.
Administrative Expenses increased by 21% to $1.86 billion (2024: $1.54 billion), while Selling & Distribution Expenses increased by 4%, moving from $611.83 million in 2024 to $633.84 million in the period under review. As a result, Total Operating Expenses for the nine months ended September 30, 2025, amounted to $2.49 billion, a 16% increase relative to $2.15 billion reported in 2024.
Operating Profit before Finance Costs for the nine months ended September 30, 2025, amounted to $1.16 billion, a 20% increase relative to $962.70 million reported in 2024. Operating Profit before Finance Costs for the third quarter amounted to $256.45 million (2024: $244.86 million). Finance Costs totaled $965.13 million, a 17% increase compared to $824.74 million reported in the corresponding period last year.
Profit Before Taxation for the nine months ended September 30, 2025, amounted to $190.77 million, a 38% increase relative to $137.96 million reported in 2024. For the third quarter, the company recorded a Loss Before Taxation of $6.55 million (2024: Profit Before Taxation of $1.13 million).
The Taxation charge for the nine months ended September 30, 2025, increased by 117% to $47.69 million (2024: $22.00 million). The Taxation charge for the third quarter amounted to $13.87 million (2024: tax credit of $6.00 million).
Net Profit for the nine months increased by 23% to $143.08 million (2024: $115.96 million). For the quarter, the company recorded a Net Loss totaling $20.42 million (2024: Net Loss of $4.87 million).
Net Profit Attributable to Shareholders for the nine months amounted to $122.48 million, a 36% increase from the $89.79 million reported in 2024. For the third quarter, Net Loss Attributable to Shareholders was $17.48 million (2024: Net Loss Attributable to Shareholders of $7.94 million).
Consequently, Earnings Per Share for the nine months amounted to $0.03 (2024: $0.02), while Loss Per Share for the quarter totaled $0.004 (2024: $0.002). The twelve-month trailing Loss Per Share was $0.11, based on 4,533,360,670 shares used in the calculations.
Notably, DTL’s stock price closed the trading period on November 14, 2025, at $1.80.
Balance Sheet Highlights
The company’s assets totaled $16.69 billion (2024: $18.77 billion). This decrease was primarily attributable to lower inventories, which amounted to $3.64 billion compared to $5.69 billion in 2024.
Shareholders’ Equity was $6.13 billion (2024: $6.72 billion), representing a Book Value per Share of $1.35 (2024: $1.48).
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