August 18, 2025
Derrimon Trading Ltd (DTL)
Unaudited financials for the six months ended June 30, 2025:
Derrimon Trading Ltd (DTL) for the six months ended June 30, 2025, reported a 9% increase in revenue totaling $8.51 billion compared to $7.81 billion in the corresponding period last year. Revenue for the second quarter decreased by 1% to $4.21 billion compared to $4.25 billion for the comparable quarter of 2024.
Cost of sales amounted to $6.16 billion (2024: $5.78 billion), representing an increase of 7% year over year. Consequently, gross profit increased by 16% to $2.35 billion compared to $2.03 billion for the six months ended June 30, 2024. The company reported gross profit of $1.23 billion for the second quarter versus $1.12 billion for the comparable quarter of 2024.
Administrative expenses increased by 17% to $1.24 billion (2024: $1.07 billion), while selling and distribution expenses increased by 21% from $376.50 million in 2024 to $453.82 million in the period under review. As a result, total operating expenses for the six months ended June 30, 2025, amounted to $1.70 billion, an 18% increase relative to $1.44 billion reported in 2024.
Operating profit before finance costs for the six months ended June 30, 2025, amounted to $899.45 million, a 25% increase relative to $717.84 million reported in 2024. Operating profit before finance costs for the second quarter amounted to $654.22 million (2024: $517.38 million). Finance costs totaled $702.12 million, a 21% increase from the corresponding period last year (2024: $581.01 million).
Profit before taxation for the six months ended June 30, 2025, amounted to $197.32 million, a 44% increase relative to $136.84 million reported in 2024. Profit before taxation for the second quarter amounted to $127.73 million (2024: $64.98 million).
Taxation for the six months ended June 30, 2025, increased by 111% to $33.82 million (2024: $16.00 million). Net profit attributable to shareholders for the six months amounted to $133.26 million, a 36% increase from the $97.73 million reported in 2024. For the second quarter, net profit attributable to shareholders was $79.05 million (2024: $42.39 million).
Consequently, earnings per share based on net profit attributable to shareholders for the six months amounted to $0.03 (2024: $0.02), while earnings per share for the quarter totaled $0.02 (2024: $0.01). The twelve-month trailing loss per share was $0.11, and the number of shares used in these calculations was 4,533,360,670.
Notably, DTL’s stock price closed the trading period on August 15, 2025, at $1.81.
Balance Sheet Highlights:
The company’s assets totaled $17.53 billion (2024: $17.54 billion). This decrease was attributable to inventories, which amounted to $4.06 billion (2024: $5.85 billion).
Shareholders’ equity was $6.15 billion (2024: $6.72 billion), representing a book value per share of $1.36 (2024: $1.48).
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