June 17, 2025
Kintyre Holdings Limited (KNTYR)
Audited financials for the twelve months ended December 31, 2024:
Kintyre Holdings Limited (KNTYR) for the twelve months ended December 31, 2024, reported a 35% increase in Revenue totaling $216.84 million compared to $160.27 million in the corresponding period last year.
Cost Of Sales amounted to $23.20 million (2023: $30.09 million), this represents a decrease of 23% year over year. Consequently, gross profit increased by 49% to $193.64 million compared to $130.18 million for the twelve months ended December 31, 2023.
Administrative and general expenses decreased by 62% to close at $83.76 million (2023: $220.64 million), while depreciation & amortization increased by 22% from $13.76 million in 2023 to $16.85 million in the period under review. Other income amounted to $1.64 million (2023: $2.90 million).
As a result, operating profit for the twelve months ended December 31, 2024, amounted to $94.67 million (2023: operating loss of $101.31 million). Finance costs totaled $$5.80 million, an 86% decrease from the corresponding period last year. (2023: $42.49 million).
Pre-tax profit for the twelve months ended December 31, 2024, amounted to $88.87 million (2023: pre-tax loss of $143.80 million).
The tax charge incurred for the twelve months ended December 31, 2024 had a 67% increase to reach $16.87 million (2023: $10.10 million) . Consequently, net profit tax for the twelve months amounted to $72.00 million, from the net loss of $153.90 million reported in 2023.
Consequently, Earnings Per Share for the twelve months amounted to $0.08 (2023: LPS: $0.16), while Earnings Per Share for the quarter totaled $0.06 (2023: EPS: $0.01). The number of shares used in these calculations was 949,685,242.
Notably, KNTYR’s stock price closed the trading period on June 16, 2025 at a price of $0.39 with a corresponding P/E ratio of 3.96x.
Balance Sheet Highlights
The company’s assets totaled $836.43 million (2023: $709.74 million). The movement in total assets was primarily attributable to ‘Investment properties’ amounting to $85 million (2023: nil) and a $32.25 million increase in ‘Due from related parties’ amounting to $$32.85 million (2023: $598,576). Additionally, ‘Trade and other receivables’ increased by $16.27 million to $72.67 million (2023: $56.40 million).
Shareholder’s equity was $341.58 million (2023: $290.86 million), representing a book value per share of $0.36 (2023: $0.31).
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