June 10, 2025
K.L.E. GROUP LIMITED (KLE)
Unaudited financials for the first quarter ended March 31, 2025:
K.L.E. GROUP LIMITED (KLE) for the first quarter ended March 31, 2025 reported a notable increase in other operating income totalling $4.71 million compared to $1,000 in the corresponding three months last year.
Year to date, administrative and other expenses amounted to $10.65 million (2024: $6.26 million), this represents an increase of 70% year over year. Consequently, loss from operation decreased by 5% to $5.94 million compared to $6.26 million for the first quarter ended March 31, 2024.
Year to date, finance costs decreased by 15% to close at $2.16 million (2024: $2.53 million), while share of post-tax profit of equity accounted associate increased by 65% from $1.18 million in 2024 to $1.95 million for the three months under review. As a result, loss before taxation for the first quarter amounted to $6.16 million, a 19% decrease relative to $7.60 million reported in 2024.
No tax charge was incurred in the period under review (2024: nil). Adjustments to discontinued operating results amounted to $2.82 million (2024: nil). As a result, net loss for the period totalled $3.34 million, a 56% decrease from the corresponding period last year. (2024: $7.60 million).
Unrealized Gain on investments for the first quarter ended March 31, 2025, amounted to $269,000, a 14% decrease relative to $312,000 reported in 2024.
Total comprehensive loss for the three months amounted to $3.07 million, a 58% increase from the $7.29 million reported in 2024.
Consequently, Loss Per Share for the three months amounted to $0.03 (2024: LPS: $0.08). The twelve-month trailing LPS was $0.21, and the number of shares used in these calculations was 100,000,000. Notably, KLE’s stock price closed the trading period on June 10, 2025, at a price of $0.84.
Balance Sheet Highlights
The company’s assets totalled $148.39 million (2024: $103.79 million). The movement in total assets was due to an increase in ‘Cash and Cash Equivalents’ amounting $19.13 million (2024: $1.08 million). Additionally, ‘Assets held for sale’ amounted to $38.12 million (2024: nil).
Shareholder’s deficit was $17.33 million (2024: Shareholder’s equity: $3.27 million), representing a shareholder’s deficit per share of $0.17 (2024: book value per share $0.03).
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