November 17, 2025
Proven Group Limited (PROVEN)
Unaudited financials for the six months ended September 30, 2025:
Proven Group Limited (PROVEN) for the six months ended September 30, 2025, reported a slight increase in Interest Income totaling US$20.01 million compared to US$19.96 million in the corresponding period last year. Interest Income for the second quarter had a 4% increase to close at US$10.20 million compared to US$9.84 million for the comparable quarter of 2024.
Interest Expense amounted to US$13.58 million (2024: US$11.40 million), this represents an increase of 19% year over year. Consequently, net interest income decreased by 25% to US$6.43 million compared to US$8.56 million for the six months ended September 30, 2024. The company booked net interest income of US$2.99 million for the second quarter versus US$4.03 million reported for the similar quarter of 2024.
Gross profit on property sales decreased by 16% to close at US$7.97 million (2024: US$9.46 million). Consequently, Operating revenue decreased by 8% from US$29.37 million in 2024 to US$26.99 million in the period under review. For the quarter, Operating revenue amounted to US$14.27 million (2024: US$14.77 million).
Total operating expenses for the six months ended September 30, 2025, amounted to US$28.57 million, a 7% increase relative to US$26.82 million reported in 2024.
Operating loss for the six months ended September 30, 2025, amounted to US$1.59 million, a 162% decrease relative to operating profit of US$2.55 million reported in 2024. Operating Profit for the second quarter amounted to US$292,000 (2024: US$1.79 million).
Share of Results of Associates totalled US$4.49 million a 320% increase from the corresponding period last year. (2024: US$1.07 million).
Profit before taxation totalled US$2.90 million a 14% decrease from the corresponding period last year. (2024: US$3.36 million).
Taxation for the six months ended September 30, 2025, amounted to US$288,000, a 48% decrease relative to US$550,020 reported in 2024. As such, Net Profit for the six months ended September 30, 2025, had a 7% decrease to reach US$2.61 million (2024: US$2.81 million).
Net Profit Attributable to Shareholders for the six months amounted to US$2.34 million, an 80% increase from the US$1.30 million reported in 2024. For the second quarter, Net Profit Attributable to Shareholders was US$4.99 million (2024: US$3.13 million).
Consequently, Earnings Per Share for the six months amounted to US$0.003 (2024: EPS: US$0.002), while Earnings Per Share for the quarter totaled US$0.006 (2024: EPS: US$0.004). The twelve-month trailing EPS was US$0.0044, (J$0.71) and the number of shares used in these calculations was 801,732,000.
Notably, PROVEN’s stock price closed the trading period on November 17, 2025, at a price of $15.96 with a corresponding P/E ratio of 22.43x.
Balance Sheet Highlights
The company’s assets totalled US$1.18 billion (2024: US$1.06 billion). Notably, Investment securities led the growth in total assets with an increase of US$41.82 million during the period. Also, Loans increased by US$28.58 million and Receivables increased by $12.62 million.
Shareholder’s equity was US$119.57 million (2024: US$115.49 million), representing a book value per share of US$0.15 (2024: US$0.14).
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