November 10, 2025
LASCO Distributors Limited (LASD)
Unaudited Financial Results for the Six Months Ended September 30, 2025
LASCO Distributors Limited (LASD) reported a 3% increase in revenue for the six months ended September 30, 2025. Revenue totaled $15.40 billion, compared to $14.97 billion in the corresponding period of 2024. For the second quarter, revenue grew by 6% to $8.13 billion, up from $7.64 billion reported in the comparable quarter of 2024.
Cost of Sales amounted to $12.81 billion compared to $12.30 billion in 2024, representing a 4% increase. As a result, gross profit decreased by 3% to $2.60 billion, down from $2.67 billion for the six-month period ended September 30, 2024. Gross profit for the second quarter was $1.33 billion, compared to $1.35 billion reported for the similar quarter in 2024.
Operating expenses amounted to $2.02 billion, reflecting a 5% increase relative to $1.92 billion reported in the prior year.
Profit from Operations totaled $718.26 million, representing an 18% decline from $880.97 million recorded in 2024. For the second quarter, Profit from Operations was $356.20 million, compared to $439.67 million reported in 2024. Finance Costs amounted to $17.28 million, significantly higher than the $1.67 million reported in the corresponding period last year.
Profit before taxation for the six-month period was $700.99 million, a 20% decline from $879.31 million recorded in 2024. For the second quarter, Profit before taxation totaled $346.73 million, compared to $438.30 million in 2024.
Taxation declined by 25% to $121.31 million, down from $161.12 million in the prior year. Net Profit amounted to $579.68 million, a 19% decrease from $718.18 million reported in 2024. For the second quarter, Net Profit was $275.83 million, compared to $359.28 million in 2024.
Total Comprehensive Income for the six months amounted to $551.97 million, representing a 25% decline relative to $731.14 million reported in 2024. Total Comprehensive Income for the second quarter totaled $248.13 million, compared to $372.23 million in 2024.
Earnings Per Share for the six months amounted to $0.16, compared to $0.20 in 2024. Earnings Per Share for the second quarter totaled $0.08, compared to $0.10 in the prior year. The twelve-month trailing EPS was $0.34, based on 3,530,702,702 shares.
LASD’s stock price closed at $3.53 on November 11, 2025, reflecting a Price-to-Earnings ratio of 10.38 times.
Balance Sheet Highlights
Total assets amounted to $16.97 billion, up from $15.65 billion in 2024. The increase was primarily driven by higher inventories which totaled $5.58 billion, compared to $5.05 billion in the prior year.
Shareholders’ equity stood at $10.60 billion, compared to $9.87 billion in 2024. This represents a book value per share of $3.00, up from $2.80 in the previous year.
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