August 15, 2025
MAILPAC Group Limited(MAILPAC)
Unaudited financials for the six months ended June 30, 2025:
MAILPAC Group Limited (MAILPAC) for the six months ended June 30, 2025 reported a 43% increase in Revenue totaling $1.42 billion compared to $992.41 million in the corresponding period last year. Revenue for the second quarter had a 13% increase to close at $706.93 million compared to $623.91 million for the comparable quarter of 2024.
Year to date, Cost of Sales amounted to $647.19 million (2024:$ 531.83 million), this represents an increase of 22% year over year. Consequently, gross profit increased by 69% to $776.18 million compared to $460.58 million for the six months ended June 30, 2024. The company booked gross profit of $387.44 million for the second quarter versus $262.67 million reported for the similar quarter of 2024.
Administrative and general expenses increased by 49% to close at $464.44 million (2024: $312.41 million), while Selling and promotion costs increased by 47% from $38.71 million in 2024 to $56.74 million in the period under review. As a result, Total expenses for the six months ended June 30, 2025 amounted to $521.18 million, a 48% increase relative to $351.12 million reported in 2024.
Operating profit for the six months ended June 30, 2025, amounted to $255.00 million, a 133% increase relative to $109.46 million reported in 2024. Operating profit for the second quarter amounted to $131.41 million (2024: $42.35 million). Finance and policy costs totaled $86.86 million, a 110% increase from the corresponding period last year. (2024: $41.45 million).
Profit Before Taxation for the six months ended June 30, 2025, amounted to $169.04 million, a 146% increase relative to $68.67 million reported in 2024. Profit Before Taxation for the second quarter amounted to $91.68 million (2024: $18.54 million).
The tax charge incurred for the six months ended June 30, 2025 amounted to $15.98 million (2024: nil) . Net Profit for the six months amounted to $153.07 million, a 123% increase from the $68.67 million reported in 2024. For the second quarter, Net Profit was $83.33 million (2024: $18.54 million).
Consequently, Earnings Per Share for the six months amounted to $0.06 (2024: EPS: $0.03), while Earnings Per Share for the quarter totaled $0.03 (2024: EPS: $0.01). The twelve-month trailing EPS was $0.13, and the number of shares used in these calculations was 2,500,000,000.
Notably, MAILPAC’s stock price closed the trading period on August 14, 2025, at a price of $2.40 with a corresponding P/E ratio of 18.01x.
Balance Sheet Highlights
The company’s assets totaled $2.37 billion (2024: $841.66 million). The movement in total assets was primarily attributable to 333% increase in Intangible assets amounting to $1.39 billion (2023: $321.51 million).
Shareholders’ equity was $814.57 million (2024: $693.58 million), representing a book value per share of $0.33 (2024: $0.28).
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