May 16, 2025
Derrimon Trading Ltd (DTL)
Unaudited financials for the first quarter ended March 31, 2025:
Derrimon Trading Ltd (DTL) for the first quarter ended March 31, 2025, reported a 21% increase in trading income totalling $4.30 billion compared to $3.56 billion in the corresponding three months last year.
Cost of sales amounted to $3.19 billion (2024: $2.65 billion), this represents an increase of 20% year over year. Consequently, gross profit increased by 23% to $1.11 billion compared to $906.40 million for the first quarter ended March 31, 2024.
Administrative expenses increased by 13% to close at $785.35 million (2024: $694.03 million), while selling & distribution expenses increased by 70% from $97.88 million in 2024 to $166.43 million for the three months. As a result, Total Operating Expenses for the first quarter amounted to $951.78 million, a 20% increase relative to $791.90 million reported in 2024.
Operating profit before finance costs for the three months amounted to $245.23 million, a 22% increase relative to $200.46 million reported in 2024. Finance costs totalled $175.63 million, a 37% increase from the corresponding period last year. (2024: $128.61 million).
Profit before taxation for the first quarter ended March 31, 2025, amounted to $69.59 million, a 3% decrease relative to $71.86 million reported in 2024.
Taxation for the three months had an 8% decrease to reach $12.53 million (2024: $13.65 million). Net Profit Att. To Shareholders of the company for the three months amounted to $44.96 million, a 19% decrease from the $55.35 million reported in 2024.
Consequently, Earnings Per Share for the three months amounted to $0.010 (2024: EPS: $0.012). The twelve-month trailing LPS was $0.12, and the number of shares used in these calculations was 4,533,360,670.
Notably, DTL’s stock price closed the trading period on May 15, 2025, at a price of $1.78.
Balance Sheet Highlights
The company’s assets totalled $16.84 billion (2024: $16.54 billion). This increase in total assets was attributable to receivables which amounted to $3.15 billion (2024: $1.35 billion).
Shareholders’ equity was $6.06 billion (2024: $6.68 billion), representing a book value per share of $1.34 (2024: $1.47).
Balance Sheet Highlights:
The company’s assets totaled $17.70 billion (2023: $16.65 billion). This increase in total assets was attributable to receivables, which amounted to $4.18 billion (2023: $5.09 billion). Additionally, property, plant, and equipment also contributed to the increase, equating to $3.93 billion (2023: $3.57 billion).
Shareholders’ equity was $6.01 billion (2023: $6.63 billion), representing a book value per share of $1.33 (2023: $1.46).
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