Innovative Energy Group Limited (ENERGY )

Unaudited financials for the nine months ended February 28, 2025:

Innovative Energy Group Limited (ENERGY), for the nine months ended February 28, 2025, reported Revenue totaling $200.52 million. Revenue for the third quarter increased to close at $160.79 million.

The cost of sales amounted to $64.79 million. Consequently, gross profit increased to $135.73 million. The company booked a gross Profit of $104.17 million for the third quarter.

Other Income increased by 5389% to close at $27.45 million (2024: $500,000), while Total Income increased by 32535% from $500,000 in 2024 to $163.18 million in the period under review. As a result, expenses for the nine months that ended February 28, 2025, amounted to $45.30 million, a 447% increase relative to $8.28 million reported in 2024.

Operating Profit for the nine months ended February 28, 2025, amounted to $117.88 million, a 1616% increase relative to a loss of $7.78 million reported in 2024. Operating Profit for the third quarter amounted to $104.17 million (2024: loss of $4.42 million). Finance Costs totaled $5.85 million. (2024: nil).

Pre-tax Profit for the nine months ending February 28, 2025, amounted to $112.03 million, a 1541% increase relative to a loss of $7.78 million reported in 2024. Pre-tax Profit for the third quarter amounted to $99.75 million (2024: loss of $4.42 million).

No taxation for the nine months ending February 28, 2025. The net profit for the nine months amounted to a significant $112.03 million, a 1541% increase from a loss of $7.78 million reported in 2024. For the third quarter, net profit was reassuring at $99.74 million (2024: net loss of $4.42 million).

Consequently, Earnings Per Share for the nine months amounted to $0.21 (2024: LPS: $0.01), while Earnings Per Share for the quarter totaled $0.18 (2024: LPS: $0.01). The twelve-month trailing EPS was $0.20, and the number of shares used in these calculations was 546,000,000.

ENERGY’s stock closed the trading period on April 15, 2025, at $1.26, with a corresponding P/E ratio of 6.28x.

Balance Sheet Highlights

The company’s assets totaled an impressive $3.49 billion (2024: $516,000). The total increase in the company balance sheet is attributed primarily to the consolidation of the group assets and the completed acquisition of IECL. As the company completed its acquisition, there was a substantial increase in intangible assets, notably goodwill on consolidation and other assets.

Shareholder’s equity was $91.87 million (2024: from a deficit of $18.39 million), representing a book value per share of $0.17 (2024: deficit per share of $0.03).

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