May 14, 2025
Productive Business Solutions Limited(PBS)
Unaudited financials for the first quarter ended March 31, 2025:
Productive Business Solutions Limited (PBS) for the first quarter ended March 31, 2025 reported a 43% increase in revenue totaling US$93.97 million compared to US$65.90 million in the corresponding three months last year.
Year to date, Direct Expenses amounted to US$62.53 million (2024: US$42.48 million), this represents an increase of 47% year over year. Consequently, gross profit increased by 34% to US$31.44 million compared to US$23.42 million for the first quarter ended March 31, 2024.
Other Income decreased by 72% to close at US$125, 000 (2024: US $440,000), while Selling, General and Administrative Expenses increased by 17% from US$19.84 million in 2024 to US$23.11 million for the three months. As a result, Operating Profit for the first quarter amounted to US$8.45 million, a 110% increase relative to US$4.02 million reported in 2024.
Finance Costs for the three months amounted to US$4.07 million, a 38% increase relative to US$2.95 million reported in 2024, while share of investee’s profit amounted to US$ 163, 000 (2024: nil). Consequently, Profit before Taxation totaled US$4.55 million, a 324% increase from the corresponding period last year. (2024: US$1.07 million).
The tax charge incurred for the first quarter ended March 31, 2025, amounted to US$1.85 million, a 174% increase relative to US$675, 000 reported in 2024.
Net profit attributable to shareholders for the three months had a 574% increase to reach US$2.68 million (2024: US$398, 000) . Total comprehensive income for the three months amounted to US$1.74 million, a 3% decrease from the US$1.80 million reported in 2024.
Consequently, Earnings Per Share for the three months amounted to US$0.01 (2024: EPS: US$0.002). The twelve month trailing EPS was US$0.06 and the number of shares used in these calculations was 186,213,523. Notably, PBS’s stock price closed the trading period on May 13, 2025 at a price of US$1.40 with a corresponding P/E ratio of 24.39x.
Balance Sheet Highlights
The company’s assets totaled US$406.00 million (2024: US$384.50 million). The movement in total assets was mainly influenced by a 10% increase in ‘Trade and other receivables’ amounting to US$114.59 million (2024: US$103.74 million) which was partly offset by a 90% decline in ‘Long term receivables’ amounting to US$ 897,000 (2024: US$ 8.92 million). Additionally, ‘Due from related parties’ increased by 159% amounting to US$ 9.74 million (2024: US$3.77 million).
Shareholders’ equity was US$77.51 million (2024: US$98.36 million), representing a book value per share of US$0.42 (2024: US$0.53).
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