July 29, 2025
Jetcon Corporation Limited(JETCON)
Unaudited financials for the six months ended June 30, 2025:
Jetcon Corporation Limited (JETCON) for the six months ended June 30, 2025 reported a 72% increase in Revenue totaling $423.75 million compared to $246.57 million in the corresponding period last year. Revenue for the second quarter had a 106% increase to close at $227.36 million compared to $110.13 million for the comparable quarter of 2024.
Year to date, cost of sales amounted to $321.76 million (2024: $206.40 million), this represents an increase of 56% year over year. Consequently, gross profit increased by 154% to $102.00 million compared to $40.17 million for the six months ended June 30, 2024. The company booked gross profit of $65.19 million for the second quarter versus $16.10 million reported for the similar quarter of 2024.
Other Income amounted to $634, 624 (2024: $181, 352). As a result, Total Operating Income increased by 154% to close at $102.63 million (2024: $40.35 million).
Administrative and Other Expenses increased by 10% from $26.25 million in 2024 to $28.90 million in the period under review. Additionally, selling and marketing expenses for the six months ended June 30, 2025 amounted to $17.97 million, a 127% increase relative to $7.91 million reported in 2024. Finance Costs totaled $3.92 million, a 9% increase from the corresponding period last year. (2024: $3.59 million).
Total Expenses for the six months ended June 30, 2025, amounted to $60.78 million, a 28% increase compared to $47.35 million reported in 2024. Total Expenses for the second quarter amounted to $32.67 million (2024: $22.40 million).
No tax charge was incurred for the period under review (2024: nil).
As a result, net profit for the six months ended June 30, 2025 amounted to $41.85 million (2024: net loss of $7.00 million).
Consequently, Earnings Per Share for the six months amounted to $0.07 (2024: LPS: $0.01), while Earnings Per Share for the quarter totaled $0.06 (2024: LPS: $0.01). The twelve-month trailing LPS was $0.04 and the number of shares used in these calculations was 583,500,000.
Notably, JETCON’s stock price closed the trading period on July 28, 2025, at a price of $1.99.
Balance Sheet Highlights
The company’s assets totaled $907.99 million (2024: $651.43 million). The movement in total assets was primarily attributable to a $251.29 million increase in ‘Property and Equipment’ amounting to $410.01 million (2024: $158.72 million). Additionally, ‘Receivables’ increased by 308% amounting to $162.23 million (2024: $39.76 million).
Shareholders’ equity was $718.26 million (2024: $568.00 million), representing a book value per share of $1.23 (2024: $0.97).
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