October 24, 2025
Innovative Energy Group Limited (ENERGY )
Unaudited financials for the first quarter ended August 31, 2025:
Innovative Energy Group Limited (ENERGY ) for the first quarter ended August 31, 2025, reported revenue totalling $51.62 million compared to no revenue in the corresponding three months last year.
Cost of Sales amounted to $18.13 million (2024: NIL). Consequently, gross profit amounted to $33.49 million compared to $0 for the first quarter ended August 31, 2024.
Other Income closed at $8.60 million (2024: $0), while Financial Income totalled to $1,000 for the three months. As a result, Total Income amounted to $42.08 million
Expenses for the first quarter amounted to $33.94 million, a 2004% increase relative to $1.61 million reported in 2024.
Operating Profit for the three months amounted to $8.14 million, relative to operating loss of $1.61 million reported in 2024.
Finance Costs totalled $3.45 million. (2024: $0).
Pre-tax profit for the first quarter ended August 31, 2025, amounted to $4.69 million.
No taxes were reported. As such, Net Profit for the three months amounted to $4.69 million, a 390% improvement on the $1.61 million net loss reported in 2024.
Energy highlighted, “Profits for the quarter ended August 31, 2025, resulted primarily from the revenue diversification strategy being employed from electric golf cart sales and an uptick in residential and commercial solar sales. It should be noted that our total revenues were depressed due to continued client-related delays in two of our major projects. Our clients are covering certain fixed costs related to these delays. We resume major works in October 2025. Our revenue diversification strategy will contribute to consistent and sustainable performance.”
Consequently, Earnings Per Share for the three months amounted to $0.003 (2024: LPS: $0.004). The twelve-month trailing EPS was $0.15, and the number of shares used in these calculations were 1,316,324,120 units and 546,000,000 units for the 2025 and 2024 quarters, respectively.
Notably, ENERGY ‘s stock price closed the trading period on October 23, 2025, at a price of $1.05 with a corresponding P/E ratio of 6.96x.
Balance Sheet Highlights
The company’s assets totalled $3.27 billion (2024: $3.49 million). The growth in total assets was led by a $2.62 billion increase in intangible assets, followed by $296.44 million uptick in Inventories.
Shareholder’s equity was $1.02 billion (2024: Shareholder’s deficit $23.21 million), representing a book value per share of $0.78 (2024: Deficit of $0.04).
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