July 17, 2025

Future Energy Source Company Limited (FESCO)

Audited financials for the twelve months ended March 31, 2025:

Future Energy Source Company Limited (FESCO) for the twelve months ended March 31, 2025, reported a 5% increase in Revenue totaling $30.05 billion compared to $28.68 billion in the corresponding period last year. Revenue for the fourth quarter had a 6% decrease to close at $7.01 billion compared to $7.42 billion for the comparable quarter of 2024.

Cost Of Goods Sold amounted to $28.38 billion compared to $27.29 billion in 2024, this represents an increase of 4% year over year. Consequently, gross profit increased by 20% to $1.66 billion compared to $1.39 billion for the twelve months ended March 31, 2024. The company booked gross profit of $374.91 million for the fourth quarter versus $313.49 million reported for the similar quarter of 2024.

Other Income increased by 186% to $10.98 million compared to $3.84 million in 2024, while Impairment losses on financial assets increased by 106% from $4.97 million in 2024 to $10.22 million in 2025.

Operating Profit for the twelve months ended March 31, 2025, amounted to $658.43 million, an 11% increase relative to $594.71 million reported in 2024. Operating Profit for the fourth quarter amounted to $115.27 million compared to $103.72 million in the same quarter of 2024. Finance Cost totaled $177.10 million, a 14% increase from $155.45 million in 2024.

Profit Before Taxation for the twelve months ended March 31, 2025, amounted to $481.34 million, a 10% increase relative to $439.26 million reported in 2024. Profit Before Taxation for the fourth quarter amounted to $74.87 million compared to $49.10 million in 2024.

Taxation for the twelve months ended March 31, 2025 had a 30% decrease to reach $19.79 million compared to $28.44 million in 2024. Net profit for the twelve months amounted to $461.55 million, a 12% increase from the $410.82 million reported in 2024. For the fourth quarter, Net profit was $55.08 million compared to $49.10 million in 2024.

Consequently, Earnings Per Share for the twelve months amounted to $0.18 compared to EPS: $0.16 in 2024, while Earnings Per Share for the quarter totaled $0.02 compared to EPS: $0.02 in 2024. The number of shares used in these calculations was 2,500,000,000.

Notably, FESCO’s stock price closed the trading period on March 31st, 2025 at a price of $3.65 with a corresponding P/E ratio of 19.77x.

Balance Sheet Highlights

The company’s assets totaled $5.60 billion compared to $5.32 billion in 2024. Property, Plant and Equipment rose to $4 billion (2024: $3.56 billion).

Shareholder’s equity was $2.72 billion compared to $2.26 billion in 2024, representing a book value per share of $1.09 compared to $0.90 in 2024.

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