May 15, 2025
Fontana Limited(FTNA)
Unaudited financials for the nine months ended March 31, 2025:
Fontana Limited (FTNA) for the nine months ended March 31, 2025, reported a 16% increase in Revenues totaling $7.02 billion compared to $6.07 billion in the corresponding period last year. Revenues for the third quarter had a 15% increase to close at $2.24 billion compared to $1.94 billion for the comparable quarter of 2024.
Year to date, the cost of sales amounted to $4.34 billion (2024: $3.79 billion), this represents an increase of 15% year over year. Consequently, gross profit increased by 17% to $2.67 billion compared to $2.28 billion for the nine months ended March 31, 2024. The company booked gross profit of $835.86 million for the third quarter versus $725.69 million reported for the similar quarter of 2024.
Year to date, administrative and other expenses increased by 19% to close at $1.98 billion (2024: $1.66 billion), while selling and promotion expenses increased by 7% from $58.57 million in 2024 to $62.58 million in the period under review. As a result, total operating expenses for the nine months ended March 31, 2025, amounted to $2.05 billion, a 19% increase relative to $1.72 billion reported in 2024.
Operating Profit for the nine months ended March 31, 2025, amounted to $626.04 million, a 12% increase relative to $560.57 million reported in 2024. Operating Profit for the third quarter amounted to $148.12 million (2024: $118.45 million). Finance and Policy costs totaled $171.80 million, a 12% increase from the corresponding period last year. (2024: $153.01 million).
Profit before Taxation for the nine months ended March 31, 2025, amounted to $570.75 million, a 12% increase relative to $510.15 million reported in 2024. Profit before Taxation for the third quarter amounted to $122.36 million (2024: $107.69 million).
The tax charge incurred for the nine months ended March 31, 2025 had a 448% increase to reach $80.92 million (2024: $14.75 million). As a result, Net Profit for the nine months amounted to $489.84 million, a 1% decrease from the $495.40 million reported in 2024. For the third quarter, Net Profit was $102.79 million (2024: $92.94 million).
Consequently, Earnings Per Share for the nine months amounted to $0.39 (2024: EPS: $0.40), while Earnings Per Share for the quarter totaled $0.08 (2024: EPS: $0.07). The twelve-month trailing EPS was $0.47 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, 2025 at a price of $9.12 with a corresponding P/E ratio of 19.50x.
Balance Sheet Highlights
The company’s assets totaled $6.95 billion (2024: $5.70 billion). The movement in total assets was due to $657.37 million increase in ‘Intangible assets’ amounting to $863.37 million (2024: $206.08 million) and a 24% increase in ‘Inventories’ amounting to $1.95 billion (2024: $1.57 billion), slightly offset by a 15% decrease in ‘Right of use assets’ amounting to $801.56 million (2023: $941.51 billion). Additionally, ‘Cash and cash equivalents’ increased by 15% amounting to $1.72 billion (2024: $1.50 billion).
Shareholder’s equity was $3.08 billion (2024: $2.81 billion), representing a book value per share of $2.47 (2024: $2.25).
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