June 02, 2025
JMMB Group Limited (JMMBGL)
Audited financials for the twelve months ended March 31, 2025:
JMMB Group Limited (JMMBGL), for the twelve months ended March 31, 2025, reported a 1% increase in interest income, totaling $40.93 billion compared to $40.58 billion in the corresponding period last year. Interest income for the fourth quarter increased by 1% to close at $10.94 billion, compared to $10.85 billion for the comparable quarter of 2024.
Interest expense amounted to $29.62 billion (2024: $29.83 billion), representing a 1% year-over-year decrease. Consequently, net interest income increased by 5% to $11.31 billion, compared to $10.75 billion for the twelve months ended March 31, 2024. The company booked net interest income of $3.19 billion for the fourth quarter, versus $3.06 billion reported for the similar quarter of 2024.
Fees and commission income decreased by 5% to close at $2.83 billion (2024: $2.98 billion), while gains on securities trading, net, decreased by 1% from $5.85 billion in 2024 to $5.79 billion in the period under review. As a result, operating revenue net of interest expense for the twelve months ended March 31, 2025, amounted to $25.22 billion, a 6% increase relative to $23.88 billion reported in 2024.
Total operating expenses for the twelve months ended March 31, 2025, amounted to $23.82 billion, a 4% increase relative to $22.80 billion reported in 2024. Total operating expenses for the fourth quarter amounted to $6.06 billion (2024: $6.32 billion).
Consequently, Operating profit totaled $1.40 billion, a 12% increase from the corresponding period last year (2024: $1.25 billion).
Profit before taxation for the twelve months ended March 31, 2025, amounted to $1.79 billion, a 76% decrease relative to $7.32 billion reported in 2024. Profit before taxation for the fourth quarter amounted to $841.95 million (2024: loss before taxation of $8.50 billion).
Tax credit for the twelve months ended March 31, 2025, decreased by 57% to $1.95 billion (2024: $4.53 billion). Net profit attributable to shareholders for the twelve months amounted to $3.51 billion, a 70% decrease from the $11.54 billion reported in 2024. For the fourth quarter, Net profit attributable to shareholders were $1.68 billion (2024: Net loss of $5.17 billion).
Consequently, earnings per share for the twelve months amounted to $1.80 (2024: EPS: $5.92), while earnings per share for the quarter totaled $0.86 (2024: LPS: $2.64). The twelve-month trailing EPS was $1.80, and the number of shares used in these calculations was 1,955,552,532.
Notably, JMMBGL’s stock price closed the trading period on May 30, 2025, at $22.25, with a corresponding P/E ratio of 12.38x.
Balance Sheet Highlights
The company’s assets totaled $705.46 billion (2024: $675.10 billion). The growth in total assets was mainly due to a $18.29 billion increase in ‘loans and note receivables’, which amounted to $217.24 billion (2024: $198.94 billion).
Shareholders’ equity was $53.74 billion (2024: $53.02 billion), representing a book value per share of $27.48 (2024: $27.11).
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