November 12, 2025
Jetcon Corporation Limited(JETCON)
Unaudited financials for the nine months ended September 30, 2025:
Jetcon Corporation Limited (JETCON) for the nine months ended September 30, 2025 reported a 66% increase in Revenue, totaling $633.61 million compared to $380.73 million in the corresponding period last year. Revenue for the third quarter grew by 56%, closing at $209.90 million versus $134.16 million for the comparable quarter of 2024.
Year-to-date, Cost of Sales amounted to $468.71 million (2024: $322.99 million), representing a 45% increase year-over-year. Consequently, Gross Profit surged by 185% to $164.91 million compared to $57.73 million for the nine months ended September 30, 2024. For the third quarter, the company booked Gross Profit of $62.89 million, up from $17.56 million reported for the similar quarter of 2024.
Other Income for the nine-month period stood at $1.10 million (2024: $926,878). As a result, Total Operating Income increased to $166.01 million (2024: $58.66 million).
Expenses for the nine months ended September 30, 2025 were as follows:
- Administrative and Other Expenses: $46.43 million (2024: $45.04 million), up 3%.
- Selling and Marketing Expenses: $28.78 million, a 126% increase relative to $12.74 million reported in 2024.
- Finance Costs: $6.92 million, a 57% increase from $4.40 million in 2024.
Total Expenses for the nine-month period amounted to $98.03 million, a 29% increase compared to $75.72 million reported in 2024. For the third quarter, Total Expenses were $37.29 million (2024: $28.37 million).
No tax charge was incurred for the period under review (2024: nil).
As a result, Net Profit for the nine months ended September 30, 2025 amounted to $67.97 million, compared to a net loss of $17.06 million in the prior year. Net Profit for the third quarter was $26.03 million, versus a loss of $10.06 million for the same quarter in 2024.
Consequently, Earnings Per Share for the nine months amounted to $0.12 (2024: LPS: $0.03), while Earnings Per Share for the quarter totaled $0.04 (2024: LPS: $0.02). The twelve-month trailing EPS was $0.02 and the number of shares used in these calculations was 583,500,000.
Notably, JETCON’s stock price closed the trading period on November 12, 2025 at a price of $1.42 with a corresponding P/E ratio of 76.89x.
Balance Sheet Highlights
The company’s assets totaled $930.14 million (2024: $621.84 million). The movement in total assets was primarily attributable to an increase in Property and Equipment, which rose to $461.18 million from $171.42 million in 2024. Additionally, Receivables increased by 146% to $122.46 million (2024: $49.50 million).
Shareholder’s equity was $744.39 million (2024: $557.94 million), representing a book value per share of $1.28 (2024: $0.96).
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