September 29, 2025
Elite Diagnostic Limited(ELITE)
Audited 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 $225.01 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 12% to close at $400.90 million (2024: $355.89 million), while Depreciation & Amortization increased by 26% from $135.23 million in 2024 to $170.11 million in the period under review. Additionally, Impairment credit amounted to $1.93 million (2024: Impairment loss of $1.18 million). As a result, operating profit for the twelve months ended June 30, 2025, amounted to $73.31 million, a 23% decrease relative to $95.37 million reported in 2024.
Foreign Gain for the twelve months ended June 30, 2025, amounted to $2.62 million (2024: Loss of $3.32 milllion). Finance Cost totaled $39.14 million, a 38% decrease from the corresponding period last year. (2024: $62.79 million).
Profit Before Tax for the twelve months ended June 30, 2025, amounted to $36.92 million, a 26% increase relative to $29.35 million reported in 2024. Profit Before Tax for the fourth quarter amounted to $27.77 million (2024: $33.88 million).
The tax charge incurred for the twelve months ended June 30, 2025, had a 53% increase to reach $4.90 million (2024: $3.19 million). As a result, Net Profit for the twelve months amounted to $32.02 million, a 22% increase from the $26.15 million reported in 2024. For the fourth quarter, Net Profit was $23.35 million (2024: $32.75 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.09 (2024: EPS: $0.07), while Earnings Per Share for the quarter totaled $0.07 (2024: EPS: $0.09). The number of shares used in these calculations was 353,400,000.
Notably, ELITE’s stock price closed the trading period on September 26, 2025 at a price of $1.53 with a corresponding P/E ratio of 16.77x.
Balance Sheet Highlights
The company’s assets totalled $1.11 billion (2024: $1.06 billion). The movement in total assets was mainly attributable to 506% increase in ‘Cash and cash equivalents’ amounting to $225.55 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 $543.01 million (2024: $510.98 million), representing a book value per share of $1.54 (2024: $1.45).
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