September 15, 2025
Lumber Depot Limited (LUMBER)
Unaudited Financials for the First Quarter Ended July 31, 2025
Lumber Depot Limited (LUMBER) reported a 4% increase in revenue for the first quarter ended July 31, 2025, totaling $401.54 million compared to $386.48 million in the corresponding three months last year.
Cost of sales amounted to $312.31 million (2024: $294.40 million), representing a 6% year-over-year increase. Consequently, gross profit declined by 3% to $89.23 million compared to $92.08 million for the first quarter ended July 31, 2024.
Impairment losses on trade receivables increased by 15% to $393,978 (2024: $343,228), while administrative and other expenses decreased by 5%, from $48.78 million in 2024 to $46.37 million for the three months. As a result, profit from operations for the first quarter amounted to $42.45 million, a 1% decrease relative to $42.93 million reported in 2024.
Other income for the three months totaled $1.79 million, a 2% increase relative to $1.75 million reported in 2024. Profit before net finance costs and taxation was $44.23 million, a 1% decrease from the corresponding period last year (2024: $44.68 million).
Net finance costs for the first quarter ended July 31, 2025, were $888,500, compared to net finance income of $549,110 in 2024.
Profit before taxation for the three months decreased by 4% to $43.35 million (2024: $45.23 million).
Profit attributable to members, representing total comprehensive income for the three months, was $37.93 million, a 16% decrease compared to $45.23 million reported in 2024.
Accordingly, earnings per share for the three months amounted to $0.05 (2024: EPS $0.06). The twelve-month trailing EPS was $0.18, based on 706,237,500 shares outstanding.
Notably, LUMBER’s stock price closed the trading period on September 12, 2025, at $2.58, with a corresponding P/E ratio of 14.17x.
Balance Sheet Highlights
The company’s assets totalled $1.00 billion (2024: $888.03 million), driven by equity investment in Atlantic Hardware and Plumbing Company Limited, which amounted to $377.38 million.
Shareholders’ equity was $865.98 million (2024: $724.46 million), representing a book value per share of $1.23 (2024: $1.03).
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