November 7, 2025
LASCO Financial Services Limited (LASF)
Unaudited financials for the six months ended September 30, 2025:
LASCO Financial Services Limited (LASF) for the six months ended September 30, 2025, reported a 3% increase in Income totaling $1.04 billion compared to $1.02 billion in the corresponding period last year. Income for the second quarter had a 6% increase to close at $534.50 million compared to $505.20 million for the comparable quarter of 2024. LASF highlighted, “This reflects the general rebounding of remittance transactions as we recover from the business disruption from our key remittance provider, which began in the previous comparative period.”
Other operating income amounted to $79.29 million (2024: $66.11 million), this represents an increase of 20% year over year.
Admin & other expenses decreased by 8% to close at $561.24 million (2024: $609.03 million), while Selling and promotional costs decreased by 2% from $394.87 million in 2024 to $385.02 million in the period under review. As a result, operating expenses for the six months ended September 30, 2025, amounted to $946.26 million, a 6% decrease relative to $1.00 billion reported in 2024.
Profit from Operations for the six months ended September 30, 2025, amounted to $176.72 million, a 122% increase relative to $79.50 million reported in 2024. Profit from Operations for the second quarter amounted to $91.14 million (2024: $27.16 million).
Finance Costs totalled $43.63 million a 7% increase from the corresponding period last year. (2024: $40.80 million).
Profit Before Taxation for the six months ended September 30, 2025, amounted to $133.09 million, a 244% increase relative to $38.69 million reported in 2024. Profit Before Taxation for the second quarter amounted to $70.75 million (2024: $6.41 million).
Taxation for the six months ended September 30, 2025, had a 51% increase to reach $44.67 million (2024: $29.54 million). As such, Net Profit for the six months amounted to $88.42 million, an 866% increase from the $9.15 million reported in 2024. For the second quarter, Net Profit was $47.66 million (2024: Net loss of $8.64 million).
Consequently, Earnings Per Share for the six months amounted to $0.07 (2024: EPS: $0.01), while Earnings Per Share for the quarter totaled $0.04 (2024: LPS: $0.01). The twelve-month trailing EPS was $0.11, and the number of shares used in these calculations was 1,280,227,726.
Notably, LASF’s stock price closed the trading period on November 06, 2025, at a price of $1.93 with a corresponding P/E ratio of 17.92x.
Balance Sheet Highlights
The company’s assets totalled $4.35 billion (2024: $4.15 billion). The movement in total assets was led by a $295.86 million increase in ‘’Loans & Other Receivables’ during the period. However, a $134.10 million downturn in ‘Cash & Cash Equivalents’ partly offset the movement.
Shareholder’s equity was $2.42 billion (2024: $2.28 billion), representing a book value per share of $1.89 (2024: $1.78).
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