October 15, 2025
Knutsford Express Services Limited(KEX)
Unaudited financials for the first quarter ended August 31, 2025:
Knutsford Express Services Limited (KEX) reported a 9% increase in revenue, totaling J$599.71 million, compared to J$549.71 million for the corresponding three-month period in 2024.
Administrative and General Expenses amounted to J$501.33 million (2024: J$450.88 million), representing an 11% year-over-year increase. Consequently, operating profit declined marginally by 0.5%, closing at J$98.38 million, compared to J$98.83 million for the first quarter ended August 31, 2024.
Finance income increased by 109%, reaching J$4.65 million (2024: J$2.22 million), while finance costs rose by 1%, moving from J$18.66 million in 2024 to J$18.77 million for the quarter. As a result, profit before taxation amounted to J$84.26 million, a 2% increase relative to J$82.39 million reported in the prior year.
The taxation charge for the three months was J$17.88 million, a 14% increase compared to J$15.67 million in 2024. As a result, Net profit totalled J$66.38 million, reflecting a 1% decrease from J$66.72 million in the corresponding period last year.
Consequently, Earnings Per Share for the three months amounted to $0.13 (2024: EPS: $0.13). The twelve-month trailing EPS was $0.47 and the number of shares used in these calculations was 500,000,015. Notably, KEX’s stock price closed the trading period on October 15, 2025, at a price of $12.52 with a corresponding P/E ratio of 26.46x.
Balance Sheet Highlights
The company’s assets totalled $2.37 billion (2024: $2.10 billion). The movement in total assets was primarily driven by a 20% increase in investment properties, which rose to J$720.21 million from J$600.02 million in 2024, and an increase of J$76.25 million in property, plant and equipment, reaching J$739.11 million compared to J$662.86 million in the prior year.
Shareholder’s equity was $1.54 billion (2024: $1.37 billion), representing a book value per share of $3.08 (2024: $2.73).
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