August 14, 2025
Productive Business Solutions Limited(PBS)
Unaudited financials for the six months ended June 30, 2025:
Productive Business Solutions Limited (PBS) for the six months ended June 30, 2025 reported a 10% increase in Revenue totaling US$183.87 million compared to US$167.90 million in the corresponding period last year. Revenue for the second quarter had a 12% decrease to close at US$89.91 million compared to US$102.00 million for the comparable quarter of 2024.
Year to date, Direct Expenses amounted to US$122.24 million (2024: $116.76 million), this represents an increase of 5% year over year. Consequently, gross profit increased by 21% to US$61.64 million compared to US$51.14 million for the six months ended June 30, 2024. The company booked gross profit of US$30.20 million for the second quarter versus US$27.75 million reported for the similar quarter of 2024.
Other Income increased by 13% to close at US$971, 000 (2024: US$859, 000), while Selling, General and Administrative Expenses increased by 14% from US$41.25 million in 2024 to US$46.99 million in the period under review. As a result, Operating Profit for the six months ended June 30, 2025 amounted to US$15.62 million, a 45% increase relative to US$10.75 million reported in 2024.
Finance Costs for the six months ended June 30, 2025, amounted to US$7.92 million, a 20% increase relative to US$6.60 million reported in 2024. Finance Costs for the second quarter amounted to $3.85 million (2024: US$3.65 million). Consequently, Profit before Taxation totaled US$8.00 million, a 93% increase from the corresponding period last year. (2024: US$4.15 million).
The tax charge incurred for the six months ended June 30, 2025, amounted to US$3.45 million, a 104% increase relative to US$1.70 million reported in 2024. Taxation for the second quarter amounted to US$1.60 million (2024: US$1.02 million).
Net profit attributable to shareholders for the six months ended June 30, 2025 had a 91% increase to reach US$4.52 million (2024: US$2.36 million). Total comprehensive income for the six months amounted to US$5.31 million, a 171% increase from the US$1.96 million reported in 2024. For the second quarter, Total comprehensive income was US$1.84 million (2024: US$1.92 million).
Consequently, Earnings Per Share for the six months amounted to US$0.02 (2024: EPS: US$0.01), while Earnings Per Share for the quarter totaled US$0.0099 (2024: EPS: US$0.01). The twelve-month trailing EPS was US$0.05, and the number of shares used in these calculations was 186,213,523.
Notably, PBS’s stock price closed the trading period on August 13, 2025, at a price of US$1.18 with a corresponding P/E ratio of 22.85x.
Balance Sheet Highlights
The company’s assets totalled US$408.82 million (2024: US$399.20 million). The movement in total assets was mainly influenced by a 9% increase in ‘Trade and other receivables’ amounting to US$110.30 million (2024: US$101.61 million) which was partly offset by a 92% decline in ‘Long term receivables’ amounting to US$ 716,000 (2024: US$ 8.72 million). Additionally, ‘Due from related parties’ increased by 28% amounting to US$ 10.76 million (2024: US$8.39 million).
Shareholders’ equity was US$79.91 million (2024: US$97.32 million), representing a book value per share of US$0.43 (2024: US$0.52).
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