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).
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
