November 10, 2025
Fosrich Company Limited (FOSRICH)
Unaudited financials for the nine months ended September 30, 2025:
Fosrich Company Limited (FOSRICH) for the nine months ended September 30, 2025, reported a 14% decrease in Revenue totaling $2.42 billion compared to $2.82 billion in the corresponding period last year. Revenue for the third quarter had a 23% decrease to close at $831.92 million compared to $1.07 billion for the comparable quarter of 2024. FosRich highlighted, “Our year-to-date numbers continue to be adversely affected by protracted delays affecting international shipping. This has affected our supplies of both finished goods and raw material. Raw material delays continue to interrupt our manufacturing, which limited our ability to keep the market supplied with these needed products. This has resulted in some run-off in our inventory balances.”
Cost of Sales amounted to $1.61 billion (2024: $1.50 billion), this represents an increase of 8% year over year. Consequently, gross profit decreased by 39% to $807.69 million compared to $1.32 billion for the nine months ended September 30, 2024. The company booked gross profit of $231.02 million for the third quarter versus $446.63 million reported for the similar quarter of 2024.
Other Income decreased by 29% to close at $8.91 million (2024: $12.51 million), while Administrative and other expenses increased by 3% from $989.70 million in 2024 to $1.02 billion in the period under review. Also, share of results of associate for the nine months ended September 30, 2025, amounted to a loss of $5.76 million (2024: $0).
Consequently, Operating Loss for the nine months ended September 30, 2025, amounted to $202.28 million, a 159% decrease relative to operating profit of $345.11 million reported in 2024. Operating loss for the third quarter amounted to $113.89 million, relative to Operating profit of $117.49 million reported in the same quarter of 2024.
Finance cost totalled $231.33 million an 8% decrease from the corresponding period last year. (2024: $251.57 million).
Loss before taxation for the nine months ended September 30, 2025, amounted to $433.62 million, a 564% decrease relative to Profit before taxation of $93.54 million reported in 2024. Loss before taxation for the third quarter amounted to $244.05 million (2024: Pre-tax profit of $6.03 million).
No taxes were reported in 2025 (2024: $11.21 million). As such, Net loss for the nine months amounted to $433.62 million, a 627% decrease from the $82.32 million net profit reported in 2024. For the third quarter, Net loss was $244.05 million (2024: Net profit of $4.44 million).
Consequently, Loss Per Share for the nine months amounted to $0.09 (2024: EPS: $0.02), while Loss Per Share for the quarter totaled $0.05 (2024: EPS: $0.00). The twelve-month trailing LPS was $0.09, and the number of shares used in these calculations was 5,078,485,197.
Notably, FOSRICH’s stock price closed the trading period on November 09, 2025, at a price of $2.29.
Balance Sheet Highlights
The company’s assets totalled $6.38 billion (2024: $6.81 billion). The YoY movement in total assets was mainly influenced by decreases of $716.58 million in Inventories and $291.41 million in Associated company and also a $583.91 million increase in Property, plant and equipment.
Shareholder’s equity was $1.57 billion (2024: $2.12 billion), representing a book value per share of $0.31 (2024: $0.42).
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