May 13, 2025
JFP Limited (JFP)
Unaudited financials for the first quarter ended March 31, 2025:
JFP Limited (JFP) for the first quarter ended March 31, 2025, reported a 30% decrease in revenue totalling $112.24 million compared to $159.82 million in the corresponding three months last year.
Cost of Sales amounted to $52.78 million (2024: $97.96 million), this represents a decrease of 46% year over year. Consequently, gross profit decreased by 4% to $59.46 million compared to $61.86 million for the first quarter ended March 31, 2024.
Other Income increased by 148% to close at $455,256 (2024: Other losses $945,743), while Administrative Expenses decreased from $52.00 million in 2024 to $51.76 million for the three months. As a result, total operating expenses for the first quarter amounted to $54.32 million, a 1% decrease relative to $54.94 million reported in 2024.
Operating Profit for the three months amounted to $5.59 million, a 6% decrease relative to $5.97 million reported in 2024.
Net Finance cost totalled $5.12 million, a 136% increase from the corresponding period last year. (2024: $2.17 million).
No taxes were incurred. As such, Net Profit for the three months had a 88% decrease to reach $474,601 (2024: $3.80 million).
Consequently, Earnings Per Share for the three months amounted to $0.0004 (2024: EPS: $0.0034). The twelve-month trailing LPS was $0.11, and the number of shares used in these calculations was 1,120,000,000.
Notably, JFP’s stock price closed the trading period on May 13, 2025, at a price of $0.59.
Balance Sheet Highlights
The company’s assets totalled $595.79 million (2024: $535.33 million). The movement in total assets was influenced by increases in PPE and inventories, but was however offset somewhat by a downturn in investments.
Shareholder’s equity was $28.03 million (2024: $137.22 million), representing a book value per share of $0.03 (2024: $0.12).
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