March 2, 2026
Eppley Limited (EPLY)
Unaudited financials for the year ended December 31, 2025:
Eppley Limited (EPLY) for the year ended December 31, 2025, reported a 62% increase in Gross Investment Income totaling $1.48 billion compared to $913.78 million in the corresponding period last year. Gross Investment Income for the fourth quarter had a 22% increase to close at $353.91 million compared to $289.99 million for the comparable quarter of 2024.
Interest expense amounted to $709.86 million (2024: $454.33 million), this represents an increase of 56% year over year. Consequently, net investment income increased by 68% to $770.28 million compared to $459.45 million for the year ended December 31, 2024. The company booked net investment income of $181.02 million for the fourth quarter versus $119.65 million reported for the similar quarter of 2024.
Fees and other operating income for the year ended December 31, 2025, amounted to $528.83 million, a 336% increase relative to $121.26 million reported in 2024, while Administrative Expenses increased by 29% from $438.99 million in 2024 to $566.29 million in the period under review. Also, Fair Value gains on Investment property increased by 636% to $652.12 million (2024: $88.59 million).
Share of Net Profit from Joint Venture Accounted for Using Equity Method for the year ended December 31, 2025, amounted to $429.04 million, a 31% decrease relative to $623.66 million reported in 2024.
Profit Before Tax totalled $1.79 billion a 17% increase from the corresponding period last year. (2024: $1.53 billion).
Taxation for the year ended December 31, 2025, amounted to $68.84 million, a 59% increase relative to $43.16 million reported in 2024.
Net Profit for the year ended December 31, 2025, had a 16% increase to reach $1.72 billion (2024: $1.48 billion).
Net profit attr to Shareholders for the year amounted to $765.48 million, a 16% decrease from the $911.60 million reported in 2024. For the fourth quarter, Net profit attr to Shareholders was $416.50 million (2024: $10.88 million).
Consequently, Earnings Per Share for the year amounted to $3.98 (2024: EPS: $4.74), while Earnings Per Share for the quarter totaled $2.16 (2024: EPS: $0.06). The twelve-month trailing EPS was $3.98, and the number of shares used in these calculations was 192,468,300.
Notably, EPLY’s stock price closed the trading period on February 27, 2026, at a price of $32.44 with a corresponding P/E ratio of 8.16x.
Balance Sheet Highlights
The company’s assets totalled $22.69 billion (2024: $20.54 billion). The growth in total assets was influenced by increases to the following during the period: Investment Securities, Investment Properties, Loans, and PPE.
Shareholder’s equity was $2.66 billion (2024: $2.06 billion), representing a book value per share of $13.81 (2024: $10.71).
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