August 14, 2026
Productive Business Solutions Limited (PBS)
Unaudited financials for the six months ended June 30, 2026:
Productive Business Solutions Limited (PBS) for the six months ended June 30, 2026 reported a 0.4% increase in Revenue totaling US$184.69 million compared to US$183.87 million in the corresponding period last year, as a non-recurring US$20.9 million personal-computer contract booked in El Salvador in 2025 masked underlying growth. Revenue for the second quarter had an 11% increase to close at US$100.11 million compared to US$89.91 million for the comparable quarter of 2025.
Year to date, Direct Expenses amounted to US$124.66 million (2025: US$122.24 million), this represents an increase of 2% year over year. Consequently, gross profit decreased by 3% to US$60.03 million compared to US$61.64 million for the six months ended June 30, 2025. The company booked gross profit of US$30.80 million for the second quarter versus US$30.20 million reported for the similar quarter of 2025.
Other Income increased by 41% to close at US$1.37 million (2025: US$971,000), while Selling, General and Administrative Expenses decreased by 2% from US$46.99 million in 2025 to US$45.82 million in the period under review. As a result, Operating Profit for the six months ended June 30, 2026 amounted to US$15.58 million, broadly in line with the US$15.62 million reported in 2025.
Finance Costs for the six months ended June 30, 2026, amounted to US$7.00 million, a 12% decrease relative to US$7.92 million reported in 2025. Finance Costs for the second quarter amounted to US$3.57 million (2025: US$3.85 million). Consequently, Profit before Taxation totaled US$8.77 million, a 10% increase from the corresponding period last year (2025: US$8.00 million).
The tax charge incurred for the six months ended June 30, 2026, amounted to US$3.12 million, a 10% decrease relative to US$3.45 million reported in 2025. Taxation for the second quarter amounted to US$2.00 million (2025: US$1.60 million).
Net profit attributable to shareholders for the six months ended June 30, 2026 had a 23% increase to reach US$5.55 million (2025: US$4.52 million). Total comprehensive income for the six months amounted to US$6.81 million, a 28% increase from the US$5.31 million reported in 2025. For the second quarter, Total comprehensive income was US$4.01 million (2025: US$3.57 million).
Consequently, Earnings Per Share for the six months amounted to US$0.03 (2025: EPS: US$0.02), while Earnings Per Share for the quarter totaled US$0.0180 (2025: EPS: US$0.0099). The twelve-month trailing EPS was US$0.03, 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, 2026, at a price of US$0.7874 with a corresponding P/E ratio of 27.57x.
Balance Sheet Highlights
The company’s assets totalled US$417.28 million (2025: US$408.82 million). The movement in total assets was mainly influenced by a 24% increase in ‘Trade and other receivables’ amounting to US$136.59 million (2025: US$110.30 million), which was partly offset by a 9% decline in ‘Inventories’ to US$47.16 million (2025: US$51.61 million) and a 9% decline in ‘Property, plant and equipment’ to US$36.88 million (2025: US$40.41 million).
Shareholders’ equity was US$77.89 million (2025: US$79.91 million), representing a book value per share of US$0.42 (2025: US$0.43).
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