July 1, 2025
Kintyre Holdings Limited (KNTYR)
Unaudited financials for the first quarter ended March 31, 2025:
Kintyre Holdings Limited (KNTYR) for the first quarter ended March 31, 2025 reported a 12% increase in revenue totaling $34.08 million compared to $30.44 million in the corresponding three months last year.
Year to date cost of sales amounted to $12.70 million (2024: $9.06 million), this represents an increase of 40% year over year. Consequently, gross profit had a marginal decrease to $21.38 million compared to $21.39 million for the first quarter ended March 31, 2024.
Administrative and general expenses decreased by 50% to close at $9.35 million (2024: $18.81 million), while depreciation & amortization expenses decreased by 4% from $662,000 in 2024 to $637,000 in the period under review. As a result, Total Operating Expenses for the first quarter amounted to $9.99 million, a 49% decrease relative to $19.47 million reported in 2024.
Operating profit for the three months amounted to $10.18 million, a 168% increase relative to $3.80 million reported in 2024. Net finance income totaled $1.12 million versus net finance costs of $1.94 million in the corresponding period last year.
Pre-tax profit for the first quarter ended March 31, 2025, amounted to $11.29 million, a 509% increase relative to $1.86 million reported in 2024.
The tax charge incurred for the three months had a 17% increase to reach $2.86 million (2024: $2.45 million) . As a result, net profit for the three months amounted to $8.44 million (2024: net loss of $598,000).
Net profit attributable to shareholders for the three months ending March 31, 2025 amounted $4.42 million (2024: loss of $4.36 million).
Consequently, Earnings Per Share for the three months amounted to $0.01 (2024: LPS: $0.009). The twelve-month trailing EPS was $0.07, and the number of shares used in these calculations was 949,685,242. Notably, KNTYR’s stock price closed the trading period on June 30, 2025 at a price of $0.30 with a corresponding P/E ratio of 4.51x.
Balance Sheet Highlights
The company’s assets totaled $704.05 million (2024: $712.06 million). The movement in total assets was mainly attributable to a 21% decrease in ‘goodwill’ amounting to $393.99 million (2024: $500.97 million).
Shareholders’ equity was $291.54 million (2024: $281.83 million), representing a book value per share of $0.31 (2024: $0.30).
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