August 13, 2025

Everything Fresh Limited(EFRESH)

Unaudited financials for the six months ended June 30, 2025:

Everything Fresh Limited (EFRESH) for the six months ended June 30, 2025, reported a 26% increase in Revenue totaling $2.17 billion compared to $1.7 billion in the corresponding period last year. Revenue for the second quarter had a 25% increase to close at $1.12 billion compared to $894.67 million for the comparable quarter of 2024.

Cost of Sales amounted to $1.72 billion (2024: $1.34 billion), which represents an increase of 28% year over year. Consequently, gross profit increased by 17% to $455.18 million compared to $388.50 million for the six months ended June 30, 2024. The company booked gross profit of $221.16 million for the second quarter, versus $198.17 million reported for the similar quarter of 2024.

Total Income increased by 18% to close at $457.74 million (2024: $389.21 million), while Administrative increased by 7% from $294.09 million in 2024 to $314.49 million in the period under review. As a result, operating expenses for the six months ended June 30, 2025, amounted to $330.67 million, a 4% increase relative to $317.28 million reported in 2024.

Operating Profit for the six months ended June 30, 2025, surged to $127.07 million, marking a significant 77% increase from the $71.93 million reported in 2024. The second quarter also saw a robust operating profit of 64.09 million (2024: $41.44 million). Finance Costs totalled $34.78 million, a 45% increase from the corresponding period last year. (2024: $24.00 million).

Profit Before Tax for the six months ended June 30, 2025, amounted to $92.29 million, a 93% increase relative to $47.93 million reported in 2024. Profit Before Tax for the second quarter amounted to 46.35 million (2024: $30.60 million).

Taxation for the six months ended June 30, 2025, had a 4% increase to reach $4.94 million (2024: $4.74 million). Shareholders of the company for the six months amounted to $80.94 million, a 97% increase from the $41.19 million reported in 2024. For the second quarter, the company’s shareholders were $42.07 million (2024: $26.30 million).

Consequently, Earnings Per Share for the six months amounted to $0.10 (2024: EPS: $0.05), while Earnings Per Share for the quarter totaled $0.05 (2024: EPS: $0.03). The twelve-month trailing EPS was $0.09, and the number of shares used in these calculations was 780,000,000.

Notably, EFRESH’s stock price closed the trading period on August 12, 2025, at $2.07 with a corresponding P/E ratio of 23.12x.

Balance Sheet Highlights

The company’s assets totalled $1.78 billion (2024: $1.65 billion). The total increase in the company’s asset base is driven by a 23% YoY increase in “Trade Receivables”  ending the quarter at $512.43 million (2024: $416.74 million) and a 21% YoY increase in “Inventories” ending the quarter at $740.19 million (2024: $612.54 million).

Shareholders’ equity was $573.12 million (2024: $504.70 million), representing a significant increase and a book value per share of $0.73 (2024: $0.65).

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