August 18, 2025
JMMB Group Limited(JMMBGL)
Unaudited financials for the first quarter ended June 30, 2025:
JMMB Group Limited (JMMBGL) for the first quarter ended June 30, 2025, reported a 6% increase in interest income totalling $10.77 billion compared to $10.19 billion in the corresponding three months last year.
Interest expense amounted to $7.25 billion (2024: $7.48 billion), which represents a decrease of 3% year over year. Consequently, net interest income increased by 30% to $3.51 billion compared to $2.70 billion for the first quarter ended June 30, 2024.
Fees and commission income increased by 13% to close at $1.41 billion (2024: $1.26 billion), while Gains on securities trading, net, increased by 46% from $1.30 billion in 2024 to $1.90 billion for the three months. As a result, Operating revenue net of interest expense for the first quarter amounted to $7.49 billion, a 32% increase relative to $5.66 billion reported in 2024.
Total Operating Expenses for the three months amounted to $6.95 billion, a 9% increase relative to $6.36 billion reported in 2024. Operating Profit totalled $542.66 million, a 178% increase from the corresponding period last year. (2024: loss of $697.03 million).
Loss before Taxation for the first quarter ended June 30, 2025, amounted to $580.64 million, a 63% decrease relative to a loss of $1.58 billion reported in 2024.
Taxation for the three months had a 1% increase to reach $105.76 million (2024: $104.61 million). Equity holders of the parent for the three months amounted to a loss of $765.26 million, a 50% decrease from the loss of $1.54 billion reported in 2024. An increase in operating expenses, intangible impairments, and finance costs drives factors that eroded JMMB’s Q1 performance for this quarter.
Consequently, Loss Per Share for the three months amounted to $0.39 (2024: LPS: $0.79). The twelve-month trailing EPS was $2.19, and the number of shares used in these calculations was 1,955,552,532. Notably, JMMBGL’s stock price closed the trading period on August 14, 2025, at a price of $18.65 with a corresponding P/E ratio of 8.50x.
Balance Sheet Highlights
The company’s assets totaled $727.49 billion (2024: $680.08 billion). The company’s total asset base expanded across nearly all line items, with the exception of a 1% year-over-year decline in Property, Plant & Equipment. The key contributors to this growth included a 7% increase in Loans and Notes Receivable, rising to $219.85 billion (2024: $204.80 billion), a 6% increase in Investments and Resale Agreements to $342.24 billion (2024: $321.89 billion), and a 13% increase in Interest in Associated Companies to $48.42 billion (2024: $42.88 billion).
Shareholders’ equity was $57.86 billion (2024: $48.96 billion), representing a book value per share of $29.59 (2024: $25.03).
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