November 10, 2025
MPC Caribbean Clean Energy Limited(MPCCEL)
Unaudited financials for the nine months ended September 30, 2025:
MPC Caribbean Clean Energy Limited (MPCCEL) for the nine months ended September 30, 2025 reported a valuation loss on investment totaling US$839,830 (2024: US$1.51 million).
Interest from investments at fair value through profit and loss for the nine months ended September 30, 2025 amounted to US$513,367 (2024: US$21,351) while Dividend income amounted to US$193,173 (2024: US$265,380), representing a 27% decrease year over year. Consequently, total investment loss totalled US$133,290 (2024: loss of US$1.23 million).
Total Expenses for the nine months had a 270% increase to reach US$743,968 (2024: US$200,938). The breakdown for total expenses is as follows:
- Management fees amounted to US$462,828 (2024: US$5,104).
- Directors’ fees increased to US$52,288 (2024: US$20,250).
- Administrative fees amounted to US$58,985 versus US$51,297 recorded in the corresponding period for 2024.
- Legal and professional fees increased to US$53,199 (2024: US$3,617).
- Insurance expenses amounted to US$28,669 (2024: US$13,389).
- Valuation expense decreased to US$18,000 (2024: US$28,000).
- Corporate fees increased to US$9,354 (2024: US$1,125).
- Audit fee decreased to US$31,738 (2024: US$40,950).
- Advertising costs increased to US$8,994 (2024: US$8,594).
- Accountancy fees increased to US$14,459 (2024: US$5,595).
- Bank charges totalled US$5,079 (2024: US$3,872).
- License fees remained at US$375 (2024: US$375).
Loss for the period amounted to US$959,826, a 33% improvement from the loss of US$1.43 million reported in 2024.
Consequently, Loss Per Share for the nine months amounted to US$0.04 (2024: LPS: U$0.07), while Earnings Per Share for the quarter totaled US$0.00 (2024: LPS: US$0.13). The twelve-month trailing LPS was U$0.08 and the number of shares used in these calculations was 26,944,861.
Notably, MPCCEL’s stock price closed the trading period on November 07, 2025 at a price of J$47.02.
Balance Sheet Highlights
The company’s assets totaled US$31.60 million (2024: US$35.28 million). The movement in total assets was primarily attributable to a 3268% increase in ‘Cash and cash equivalents’ amounting to US$5.36 million (2024: US$702,351) offset by downward movement of ‘Investments -MPC Caribbean Clean Energy Fund LLC’ amounting to US$25.67 million (2024: US$ 33.71 million)
Shareholder’s equity was U$1.00 (2024: U$1.00), representing a book value per share of U$0.00 (2024: U$0.00).
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