Innovative Energy Group Limited (ENERGY )

Unaudited financials for the nine months ended February 28, 2026:

Innovative Energy Group Limited  (ENERGY ) for the nine months ended February 28, 2026, reported a 9% increase in Revenue totaling $217.92 million compared to $200.52 million in the corresponding period last year. Revenue for the third quarter had a 39% decrease to close at $97.70 million compared to $160.79 million for the comparable quarter of 2025.

Cost of Sales amounted to $117.23 million (2025: $64.79 million), this represents an increase of 81% year over year. Consequently, gross profit decreased by 26% to $100.68 million compared to $135.73 million for the nine months ended February 28, 2025. The company booked gross profit of $29.13 million for the third quarter versus $104.17 million reported for the similar quarter of 2025.

Other Income decreased by 55% to close at $12.29 million (2025: $27.45 million), consequently, Total Income decreased by 31% from $163.18 million in 2025 to $112.98 million in the period under review.

Expenses for the nine months ended February 28, 2026, amounted to $99.95 million, a 121% increase relative to $45.30 million reported in 2025.

Operating Profit for the nine months ended February 28, 2026, amounted to $13.02 million, an 89% decrease relative to $117.88 million reported in 2025. Operating loss for the third quarter amounted to $11.85 million (2025: Operating profit $104.17 million).

Finance Costs totalled $8.22 million a 41% increase from the corresponding period last year. (2025: $5.85 million).

Pre-tax profit for the nine months ended February 28, 2026, amounted to $4.80 million, a 96% decrease relative to $112.03 million reported in 2025. Pre-tax loss for the third quarter amounted to $14.56 million (2025: Profit of $99.75 million).

Taxation for the nine months ended February 28, 2026, amounted $1.21 million (2025: $0). As such, Net Profit for the nine months amounted to $3.59 million, a 97% decrease from the $112.03 million reported in 2025. For the third quarter, Net loss was $14.56 million (2025: Net profit of $99.75 million).

Consequently, Earnings Per Share for the nine months amounted to $0.003 (2025: EPS: $0.085), while Loss Per Share for the quarter totaled $0.011 (2025: EPS: $0.076). The twelve-month trailing LPS was $0.02, and the number of shares used in these calculations was 1,316,324,120.

Notably, ENERGY ‘s stock price closed the trading period on April 14, 2026, at a price of $0.85.

Balance Sheet Highlights

The company’s assets totalled $3.29 billion (2025: $3.49 billion). The fall in total assets was mainly due to Receivables decreasing by $252.82 million or 53% to close at $223.65 million at the end of the period.

Shareholder’s equity was $1.02 billion (2025: $91.87 million), representing a book value per share of $0.78 (2025: $0.07).

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