February 16, 2026
Productive Business Solutions Limited (PBS)
Unaudited financials for the twelve months ended December 31, 2025:
Productive Business Solutions Limited (PBS) reported a 3% decrease in revenue for the twelve months ended December 31, 2025, totaling US$375.87 million, compared to US$387.39 million for the corresponding period in 2024. Revenue for the fourth quarter increased by 13%, closing at US$111.69 million, up from US$99.21 million in Q4 2024.
Direct Expenses amounted to US$249.83 million (2024: US$273.03 million), representing an 8% year‑over‑year decrease. Consequently, gross profit increased by 10% to US$126.03 million, compared to US$114.36 million for the twelve months ended December 31, 2024. For the fourth quarter, the company recorded gross profit of US$36.49 million, slightly higher than US$35.55 million reported for the comparable quarter of 2024.
Other Income declined by 50%, closing at US$2.06 million (2024: US$4.15 million), while Selling, General and Administrative Expenses increased by 10%, moving from US$87.97 million in 2024 to US$96.66 million for the period under review. As a result, operating profit for the twelve months ended December 31, 2025, amounted to US$31.43 million, a 3% increase relative to US$30.54 million reported in 2024.
Finance Costs for the twelve months ended December 31, 2025, totalled US$17.50 million, a 5% increase compared to US$18.43 million in 2024. For the fourth quarter, Finance Costs amounted to US$4.79 million (2024: US$6.06 million). Profit before Taxation totalled US$14.65 million, reflecting a 16% increase relative to US$12.62 million reported in the corresponding period last year.
Taxation for the twelve months ended December 31, 2025, amounted to US$9.81 million, representing a 95% increase compared to US$5.04 million in 2024. For the fourth quarter, taxation totalled US$6.07 million (2024: US$2.29 million).
Net profit attributable to shareholders for the twelve months ended December 31, 2025, declined by 37%, amounting to US$4.68 million, down from US$7.46 million reported in 2024. Total comprehensive income for the twelve months amounted to US$5.08 million, a 30% decrease relative to US$7.29 million reported in 2024. For the fourth quarter, total comprehensive loss was US$1.08 million, compared to income of US$4.51 million in the prior year.
Consequently, Earnings Per Share for the twelve months amounted to US$0.025 (2024: EPS: US$0.03), while Loss Per Share for the quarter totaled US$0.0032 (2024: EPS: US$0.023). The twelve-month trailing EPS was US$0.025 and the number of shares used in these calculations was 186,213,523.
Notably, PBS’s stock price closed the trading period on February 13, 2026 at a price of US$1.00 with a corresponding P/E ratio of 19.39x.
Balance Sheet Highlights
The company’s assets totaled US$417.23 million (2024: US$399.72 million). The movement in total assets was mainly attributable to 19% increase in Trade and other receivables amounting to US$126.19 million (2024: US$105.76 million).
Shareholders’ equity was US$76.12 million (2024: US$82.40 million), representing a book value per share of US$0.41 (2024: US$0.44).
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