Innovative Energy Group Limited (ENERGY )

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

Innovative Energy Group Limited  (ENERGY ) for the six months ended November 30, 2025, reported a 203% increase in Revenue totaling $120.22 million compared to $39.73 million in the corresponding period last year. Revenue for the second quarter had a 73% increase to close at $68.60 million compared to $39.73 million for the comparable quarter of 2024.

Cost of Sales amounted to $48.66 million (2024: $8.17 million), this represents an increase of 495% year over year. Consequently, gross profit increased by 127% to $71.56 million compared to $31.56 million for the six months ended November 30, 2024. The company booked gross profit of $38.07 million for the second quarter versus $31.56 million reported for the similar quarter of 2024.

Other Income increased by 884% to close at $9.78 million (2024: $994,000).

Consequently, Total Income increased by 150% from $32.55 million in 2024 to $81.34 million in the period under review.

Expenses for the six months ended November 30, 2025, amounted to $56.47 million, a 200% increase relative to $18.85 million reported in 2024.

Operating Profit for the six months ended November 30, 2025, amounted to $24.87 million, an 81% increase relative to $13.71 million reported in 2024. Operating Profit for the second quarter amounted to $16.73 million (2024: $15.32 million).

Finance Costs totalled $5.51 million a 288% increase from the corresponding period last year. (2024: $1.42 million).

Pre-tax profit for the six months ended November 30, 2025, amounted to $19.36 million, a 58% increase relative to $12.28 million reported in 2024. Pre-tax profit for the second quarter amounted to $14.67 million (2024: $13.90 million).

Taxation for the six months ended November 30, 2025, amounted to $1.21 million (2024: $0). As such, Net Profit for the six months amounted to $18.15 million, a 48% increase from the $12.28 million reported in 2024. For the second quarter, Net Profit was $13.46 million (2024: $13.90 million). ENERGY highlighted, “The quarterly performance was primarily due to increases in insurance costs and in the cost of sales. Specifically, lower margins on some solar-related stock items, driven by ongoing price declines in the sector. However, we are pleased to report that revenues continued to grow, a testament to the success of our intensified sales and marketing initiatives, emergency work stemming from Hurricane Melissa, and the successful resumption of major projects that had previously faced delays.”

Consequently, Earnings Per Share for the six months amounted to $0.014 (2024: EPS: $0.009), while Earnings Per Share for the quarter totaled $0.010 (2024: EPS: $0.011). The twelve-month trailing EPS was $0.07, and the number of shares used in these calculations was 1,316,324,120.

Notably, ENERGY ‘s stock price closed the trading period on January 14, 2026, at a price of $1.00 with a corresponding P/E ratio of 14.95x.

Balance Sheet Highlights

The company’s assets totalled $3.28 billion (2024: $3.27 billion).

Shareholder’s equity was $1.04 billion (2024: Deficit of $7.88 million), representing a book value per share of $0.79 (2024: Loss of $0.01). “This substantial turnaround in Shareholders’ Equity reflects the strategic benefits of the IECL consolidation and a strengthened balance sheet,” Management noted.

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