May 14, 2026
Future Energy Source Company Limited (FESCO)
Unaudited financials for the twelve months ended March 31, 2026:
Future Energy Source Company Limited (FESCO) for the twelve months ended March 31, 2026, reported an 8% increase in Revenue totaling $32.57 billion compared to $30.05 billion in the corresponding period last year. Revenue for the fourth quarter had a 16% increase to close at $8.16 billion compared to $7.01 billion for the comparable quarter of 2025.
Cost Of Goods Sold amounted to $30.42 billion (2025: $28.38 billion), this represents an increase of 7% year over year. Consequently, gross profit increased by 29% to $2.15 billion compared to $1.66 billion for the twelve months ended March 31, 2025. The company booked gross profit of $556.37 million for the fourth quarter versus $374.91 million reported for the similar quarter of 2025.
Other Income increased by 124% to close at $24.64 million (2025: $10.98 million), while Impairment losses on financial assets increased by 18% from $10.22 million in 2025 to $12.10 million in the period under review. Also, Operating and Admin expenses increased by 22% to $1.23 billion in 2026 (2025: $1.01 billion).
Consequently, Operating Profit for the twelve months ended March 31, 2026, amounted to $927.89 million, a 41% increase relative to $658.43 million reported in 2025. Operating Profit for the fourth quarter amounted to $221.48 million (2025: $115.27 million).
Net Finance Cost totalled $163.81 million, an 8% decrease from the corresponding period last year (2025: $177.10 million).
No taxes were reported (2025: $19.79 million). As such, Net profit for the twelve months amounted to $764.08 million, a 66% increase from the $461.55 million reported in 2025. For the fourth quarter, Net profit was $176.18 million (2025: $55.08 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.31 (2025: EPS: $0.18), while Earnings Per Share for the quarter totaled $0.07 (2025: EPS: $0.02). The twelve-month trailing EPS was $0.31, and the number of shares used in these calculations was 2,500,000,000.
Notably, FESCO’s stock price closed the trading period on May 14, 2026, at a price of $3.75 with a corresponding P/E ratio of 12.27x.
Balance Sheet Highlights
The company’s assets totalled $6.16 billion (2025: $5.60 billion). The growth in total assets was primarily driven by a $465.74 million or 12% increase in ‘PPE’ to close the period at $4.48 billion.
Shareholder’s equity was $3.41 billion (2025: $2.72 billion), representing a book value per share of $1.37 (2025: $1.09).
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein
