August 14, 2025
JFP Limited (JFP)
Unaudited financials for the six months ended June 30, 2025:
JFP Limited (JFP) for the six months ended June 30, 2025, reported a 26% decrease in Revenue totaling $220.93 million compared to $300.21 million in the corresponding period last year. Revenue for the second quarter had a 23% decrease to close at $108.69 million compared to $140.39 million for the comparable quarter of 2024.
Cost of Sales amounted to $111.65 million (2024: $179.78 million), this represents a decrease of 38% year over year. Consequently, gross profit decreased by 9% to $109.28 million compared to $120.43 million for the six months ended June 30, 2024. The company booked gross profit of $49.82 million for the second quarter versus $58.57 million reported for the similar quarter of 2024
Other Income amounted to $1.06 million (2024: Other expenses of $1.60 million), while Administrative Expenses increased by 10% from $96.62 million in 2024 to $106.33 million in the period under review. As a result, total operating expenses for the six months ended June 30, 2025, amounted to $114.44 million, a 12% increase relative to $102.46 million reported in 2024.
Operating Loss for the six months ended June 30, 2025, amounted to $4.10 million, relative to operating profit of $16.37 million reported in 2024. Operating Loss for the second quarter amounted to $9.69 million (2024: Operating profit of $10.40 million).
Net Finance cost totalled $8.55 million a 26% increase from the corresponding period last year. (2024: $6.78 million).
No taxes were reported. As such, Net loss for the six months ended June 30, 2025, closed at $12.65 million (2024: Net profit of $9.59 million).
Gain on disposal of PPE for the six months ended June 30, 2025, amounted to $361.49 million (2024: $0).
Consequently, Total Comprehensive Income for the six months amounted to $348.84 million, a 3536% increase from the $9.59 million reported in 2024. For the second quarter, Total Comprehensive Income was $348.37 million (2024: $5.79 million).
Consequently, Loss Per Share for the six months amounted to $0.01 (2024: EPS: $0.01), while Loss Per Share for the quarter totaled $0.01 (2024: EPS: $0.01). The twelve-month trailing LPS was $0.12, and the number of shares used in these calculations was 1,120,000,000.
Notably, JFP’s stock price closed the trading period on August 14, 2025, at a price of $0.49.
Balance Sheet Highlights
The company’s assets totalled $602.25 million (2024: $525.86 million).
Shareholder’s equity was $373.67 million (2024: $143.01 million), representing a book value per share of $0.33 (2024: $0.13).
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
