November 18, 2025
JFP Limited (JFP)
Unaudited financials for the nine months ended September 30, 2025:
JFP Limited (JFP) for the nine months ended September 30, 2025, reported a 23% decrease in Revenue totaling $257.82 million compared to $332.95 million in the corresponding period last year. Revenue for the third quarter had a 13% increase to close at $36.87 million compared to $32.74 million for the comparable quarter of 2024. This was due to lower project volumes and slower contract execution during the period.
Cost of Sales amounted to $135.19 million (2024: $220.46 million), this represents a decrease of 39% year over year. Consequently, gross profit increased by 9% to $122.63 million compared to $112.49 million for the nine months ended September 30, 2024. The company booked gross profit of $13.33 million for the third quarter versus gross loss of $7.94 million reported for the similar quarter of 2024.
Other Income close at $1.26 million, compared to other expense of $891,124 reported in 2024.
Selling and distribution expenses amounted to $9.13 million (2024: $9.11 million), while Administrative Expenses increased by 6% from $152.60 million in 2024 to $162.05 million in the period under review. As a result, total operating expenses for the nine months ended September 30, 2025, amounted to $171.18 million, a 6% increase relative to $161.71 million reported in 2024.
Operating loss for the nine months ended September 30, 2025, amounted to $47.30 million, a 6% decrease relative to operating loss of $50.11 million reported in 2024. Operating loss for the third quarter amounted to $43.22 million (2024: operating loss of $66.48 million).
Net Financial cost totalled $9.42 million a 40% decrease from the corresponding period last year. (2024: $15.73 million).
No taxes were reported. As such, Net loss for the nine months ended September 30, 2025, had a 14% decrease to reach $56.72 million (2024: $65.84 million). For the third quarter, net loss was $44.09 million (2024: $75.43 million).
Consequently, Loss Per Share for the nine months amounted to $0.05 (2024: LPS: $0.06), while Loss Per Share for the quarter totaled $0.04 (2024: LPS: $0.07). The twelve-month trailing LPS was $0.10, and the number of shares used in these calculations was 1,120,000,000.
Notably, JFP’s stock price closed the trading period on November 17, 2025, at a price of $0.60.
Balance Sheet Highlights
The company’s assets totalled $586.00 million (2024: $552.48 million). This represents a 6% increase of $33.53 million.
Shareholder’s equity was $329.88 million (2024: $67.58 million), representing a book value per share of $0.29 (2024: $0.06).
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