August 13, 2025
Elite Diagnostic Limited(ELITE)
Unaudited financials for the twelve months ended June 30, 2025:
Elite Diagnostic Limited (ELITE) for the twelve months ended June 30, 2025, reported a 4% increase in Income totaling $853.82 million compared to $821.28 million in the corresponding period last year. Income for the fourth quarter had an 8% decrease to close at $225 million compared to $244.18 million for the comparable quarter of 2024.
Direct costs amounted to $211.44 million (2024: 233.62 million), this represents a decrease of 9% year over year. Consequently, gross profit increased by 9% to $642.39 million compared to $587.66 million for the twelve months ended June 30, 2024. The company booked gross profit of $172.85 million for the fourth quarter versus $176.28 million reported for the similar quarter of 2024.
Administrative expenses increased by 17% to close at $416.42 million (2024: $357.06 million), while Depreciation increased by 26% from $135.23 million in 2024 to $170.11 million in the period under review. As a result, operating profit for the twelve months ended June 30, 2025, amounted to $55.85 million, a 41% decrease relative to $95.37 million reported in 2024.
Foreign Gain for the twelve months ended June 30, 2025, amounted to $2.90 million (2024: loss of $3.32 million). Finance costs totaled $35.74 million, a 43% decrease from the corresponding period last year. (2024: $62.79 million).
Profit Before Tax for the twelve months ended June 30, 2025, amounted to $23.15 million, a 21% decrease relative to $29.35 million reported in 2024.
Income Tax for the twelve months ended June 30, 2025, had an 80% decrease to reach $634, 000 (2024: $3.19 million). As result, Net Profit for the twelve months amounted to $22.52 million, a 14% decrease from the $26.15 million reported in 2024.
Consequently, Earnings Per Share for the twelve months amounted to $0.06 (2024: EPS: $0.07), while Earnings Per Share for the quarter totaled $0.04 (2024: EPS: $0.09). The twelve-month trailing EPS was $0.06, and the number of shares used in these calculations was 353,400,000.
Notably, ELITE’s stock price closed the trading period on August 13, 2025, at a price of $1.52 with a corresponding P/E ratio of 23.85x.
Balance Sheet Highlights
The company’s assets totaled $1.11 billion (2024: $1.06 billion). The movement in total assets was mainly attributable to 503% increase in ‘Cash and cash equivalents’ amounting to $224.47 million (2024: $37.22 million), which was offset by a 46.39 million decline in ‘Property, plant and equipment’ amounting to $701.16 million (2024: $747.54 million)
Shareholders’ equity was $533.50 million (2024: $510.98 million), representing a book value per share of $1.51 (2024: $1.45).
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