May 18, 2026
Fontana Limited (FTNA)
Unaudited financials for the nine months ended March 31, 2026:
Fontana Limited (FTNA) for the nine months ended March 31, 2026, reported a 14% increase in Revenues totaling $7.99 billion compared to $7.02 billion in the corresponding period last year. Revenues for the third quarter had an 18% increase to close at $2.63 billion compared to $2.24 billion for the comparable quarter of 2025.
Year to date, the cost of sales amounted to $5.00 billion (2025: $4.34 billion), this represents an increase of 15% year over year. Consequently, gross profit increased by 12% to $2.99 billion compared to $2.67 billion for the nine months ended March 31, 2025. The company booked gross profit of $970.98 million for the third quarter versus $835.86 million reported for the similar quarter of 2025.
Year to date, administrative and other expenses increased by 21% to close at $2.41 billion (2025: $1.98 billion), while selling and promotion expenses increased by 6% from $62.58 million in 2025 to $66.53 million in the period under review. As a result, total operating expenses for the nine months ended March 31, 2026, amounted to $2.48 billion, a 21% increase relative to $2.05 billion reported in 2025.
Operating Profit for the nine months ended March 31, 2026, amounted to $510.39 million, an 18% decrease relative to $626.04 million reported in 2025. Operating Profit for the third quarter amounted to $158.21 million (2025: $148.12 million). Finance and Policy costs totaled $225.40 million, a 31% increase from the corresponding period last year (2025: $171.80 million) while other income increased by 10% to $128.63 million (2025: $116.52 million).
Profit before Taxation for the nine months ended March 31, 2026, amounted to $413.62 million, a 28% decrease relative to $570.75 million reported in 2025. Profit before Taxation for the third quarter amounted to $132.12 million (2025: $122.36 million).
The tax charge incurred for the nine months ended March 31, 2026 decreased by 33% to reach $53.91 million (2025: $80.92 million). As a result, Net Profit for the nine months amounted to $359.71 million, a 27% decrease from the $489.84 million reported in 2025. For the third quarter, Net Profit was $114.10 million (2025: $102.79 million).
Consequently, Earnings Per Share for the nine months amounted to $0.29 (2025: EPS: $0.39), while Earnings Per Share for the quarter totaled $0.09 (2025: EPS: $0.08). The twelve-month trailing EPS was $0.36 and the number of shares used in these calculations was 1,249,374,825.
Notably, FTNA’s stock price closed the trading period on May 15, 2026 at a price of $6.50 with a corresponding P/E ratio of 18.04x.
Balance Sheet Highlights
The company’s assets totaled $6.64 billion (2025: $6.95 billion). The movement in total assets was due to a 17% decrease in ‘Right of use assets’ amounting to $668.75 million (2025: $801.56 million) and a 14% decrease in ‘Cash and cash equivalents’ amounting to $1.49 billion (2025: $1.72 billion), partially offset by an 8% increase in ‘Property, plant and equipment’ amounting to $1.38 billion (2025: $1.28 billion).
Shareholder’s equity was $3.23 billion (2025: $3.08 billion), representing a book value per share of $2.59 (2025: $2.47).
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