August 20, 2025
Kintyre Holdings Limited (KNTYR)
Unaudited financials for the six months ended June 30, 2025:
Kintyre Holdings Limited (KNTYR) for the six months ended June 30, 2025, reported a 8% increase in Revenue totaling $73.59 million compared to $67.83 million in the corresponding period last year. Revenue for the second quarter had a 13% increase to close at $39.51 million compared to $34.93 million for the comparable quarter of 2024.
Year to date cost of sales amounted to $21.30 million (2024: $12.68 million), this represents an increase of 68% year over year. Consequently, gross profit decreased by 5% to $52.29 million compared to $55.15 million for the six months ended June 30, 2024. The company booked gross profit of $30.91 million for the second quarter versus $29.09 million reported for the similar quarter of 2024.
Administrative and general expenses decreased by 42% to close at $22.40 million (2024: $38.91 million), while depreciation & amortization decreased by 87% from $10.22 million in 2024 to $1.29 million in the period under review. As a result, Total Operating Expenses for the six months ended June 30, 2025, amounted to $23.69 million, a 52% decrease relative to $49.12 million reported in 2024.
Operating Profit for the six months ended June 30, 2025, amounted to $29.81 million, a 342% increase relative to $6.75 million reported in 2024. Operating Profit for the second quarter amounted to $18.42 million (2024: $5.18 million). Finance Costs totaled $1.12 million, a 61% decrease from the corresponding period last year. (2024: $2.89 million).
As a result, pre-tax profit for the six months ended June 30, 2025, amounted to $28.70 million, a 644% increase relative to $3.86 million reported in 2024. Pre-tax profit for the second quarter amounted to $17.31 million (2024: $3.81 million).
The tax charge for the six months ended June 30, 2025 had a 44% decrease to reach $2.86 million (2024: $5.08 million) . Consequently, Net profit for the six months ended June 30, 2025, amounted to $25.84 million (2024: Loss of $1.22 million). For the second quarter, Net Profit was $17.31 million (2024: $1.19 million).
Net profit attributable to shareholders for the six months ended June 30, 2025 was $15.51 million (2024: Loss of $7.12 million)
Consequently, Earnings Per Share for the six months amounted to $0.02 (2024: LPS: $0.001), while Earnings Per Share for the quarter totaled $0.01 (2024: EPS: $0.001). The twelve-month trailing EPS was $0.08, and the number of shares used in these calculations was 949,685,242.
Notably, KNTYR’s stock price closed the trading period on August 19, 2025, at a price of $0.29 with a corresponding P/E ratio of 3.57x.
Balance Sheet Highlights
The company’s assets totaled $775.04 million (2024: $716.02 million). The movement in total assets was mainly attributable to a 69% increase in ‘Plant, property and equipment’ amounting to $184.09 million (2024: $109.19 million).
Shareholder’s equity was $292.60 million (2024: $277.01 million), representing a book value per share of $0.31 (2024: $0.29).
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