November 10, 2026
LASCO Distributors Limited (LASD)
Unaudited Financials for the Six Months Ended September 30, 2026:
LASCO Distributors Limited (LASD) for the six months ended September 30, 2026 reported an 11% increase in Revenue, totalling $17.05 billion compared to $15.40 billion in the corresponding period last year. Revenue for the second quarter increased by 6% to $8.62 billion from $8.13 billion in the comparable quarter of 2025.
Cost of Sales amounted to $13.87 billion (2025: $12.81 billion), representing an 8% increase year over year. Consequently, Gross Profit increased by 23% to $3.19 billion compared to $2.60 billion for the six months ended September 30, 2025. For the second quarter, Gross Profit increased by 23% to $1.64 billion from $1.33 billion in the corresponding quarter of 2025. Gross Profit Margin improved to 18.7% from 16.9% for the six-month period.
Other Operating Income declined by 10% to $130.76 million from $144.72 million in the prior year. Meanwhile, Operating Expenses increased by 6% to $2.15 billion compared to $2.02 billion for the six months ended September 30, 2025. For the second quarter, Operating Expenses increased by 4% to $1.09 billion from $1.04 billion in 2025.
As a result, Operating Profit for the six months ended September 30, 2026 increased by 63% to $1.17 billion compared to $718.26 million in 2025. Operating Profit for the second quarter rose by 77% to $631.60 million from $356.20 million in the corresponding quarter last year, supported by stronger gross profit margins and comparatively slower growth in operating expenses.
Finance Costs increased by 88% to $32.47 million from $17.28 million in the prior year, primarily reflecting financing associated with the Company’s ongoing warehouse expansion project. For the second quarter, Finance Costs increased by 70% to $16.14 million from $9.47 million in 2025.
Consequently, Profit Before Taxation for the six months ended September 30, 2026 increased by 62% to $1.14 billion compared to $700.99 million in the corresponding period last year. For the second quarter, Profit Before Taxation increased by 78% to $615.47 million from $346.73 million in 2025.
Taxation for the six months increased by 57% to $190.27 million compared to $121.31 million in the prior year. For the second quarter, Taxation increased by 56% to $110.33 million from $70.90 million in the corresponding quarter of 2025.
Consequently, Net Profit for the six months ended September 30, 2026 increased by 63% to $947.08 million, compared to $579.68 million reported in 2025. For the second quarter, Net Profit increased by 83% to $505.14 million from $275.83 million in the corresponding quarter last year. The improvement was primarily supported by higher revenue, stronger gross profit margins and disciplined growth in operating expenses.
Total Comprehensive Income for the six months increased by 74% to $962.14 million compared to $551.97 million in 2025. For the second quarter, Total Comprehensive Income more than doubled, increasing by 110% to $520.20 million from $248.13 million in the corresponding quarter last year. The improvement also reflected unrealised gains on financial instruments of $15.06 million during the period, compared to unrealised losses of $27.70 million in 2025.
Consequently, Basic and Diluted Earnings Per Share for the six months ended September 30, 2026 amounted to $0.27 compared to $0.16 in 2025, while Earnings Per Share for the second quarter amounted to $0.14 (2025: $0.08). The twelve-month trailing EPS was approximately $0.41, and the number of ordinary shares outstanding at September 30, 2026 was 3,530,702,702, compared to 3,525,702,702 in the prior year.
Notably, LASD’s stock price closed the trading period on November 10, 2026 at $3.44, with a corresponding P/E ratio of approximately 8.49x based on the unrounded twelve-month trailing EPS.
Balance Sheet Highlights
The Company’s Total Assets amounted to $18.89 billion at September 30, 2026, representing an 11% increase from $16.97 billion in the corresponding period last year. The approximately $1.92 billion increase was primarily driven by Cash and Cash Equivalents, which rose by 40% to $2.51 billion from $1.80 billion, alongside Short-Term Investments, which increased by 55% to $1.46 billion from $941.17 million. Combined, Cash and Short-Term Investments increased by 45% to approximately $3.97 billion from $2.74 billion in 2025, reflecting an improvement in the Company’s liquidity position.
Shareholders’ Equity increased by 11% to $11.74 billion (2025: $10.60 billion), representing a Book Value Per Share of approximately $3.33 (2025: $3.01).
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