May 14, 2025
Everything Fresh Limited (EFRESH)
Unaudited Financials for the First Quarter Ended March 31, 2025:
Everything Fresh Limited (EFRESH) reported a 27% increase in revenue for the first quarter ended March 31, 2025, totaling $1.06 billion compared to $832.16 million in the corresponding three months last year.
Cost of Sales amounted to $822.47 million (2024: $641.83 million), representing a 28% year-over-year increase. Consequently, gross profit increased by 23% to $234.02 million, compared to $190.33 million for the first quarter ended March 31, 2024.
Total Income increased by 23% to $234.93 million (2024: $190.37 million), while Administrative Expenses rose by 8%, from $146.92 million in 2024 to $158.43 million for the three months. As a result, Operating Expenses for the first quarter amounted to $171.95 million, an 8% increase relative to $159.88 million reported in 2024.
Operating Profit for the three months amounted to $62.98 million, a 107% increase compared to $30.49 million reported in 2024. Finance Costs totaled $17.04 million, a 29% increase from the corresponding period last year (2024: $13.16 million).
Profit Before Tax for the first quarter ended March 31, 2025, amounted to $45.94 million, a 165% increase relative to $17.33 million reported in 2024.
Taxation for the three months increased to $3.40 million (2024: $1.70 million). Net Profit attributable to shareholders for the three months amounted to $38.87 million, a 161% increase from the $14.89 million reported in 2024.
Consequently, Earnings Per Share (EPS) for the three months amounted to $0.05 (2024: $0.02). The twelve-month trailing EPS was $0.069, and the number of shares used in these calculations was 780,000,000. Notably, EFRESH’s stock price closed the trading period on May 13, 2025, at $2.07, with a corresponding P/E ratio of 29.86x.
Balance Sheet Highlights
The company’s assets totaled $1.74 billion (2024: $1.43 billion). This increase in total assets was attributable to trade receivables, which amounted to $551.39 million (2024: $392.70 million).
Shareholders’ equity was $533.59 million (2024: $478.40 million), representing a book value per share of $0.68 (2024: $0.61).
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