July 29, 2025
Paramount Trading Limited (PTL)
Audited financials for the twelve months ended May 31, 2025:
Paramount Trading Limited (PTL), for the twelve months ended May 31, 2025, reported a 7% increase in revenue totaling $1.72 billion, compared to $1.62 billion in the corresponding period last year. Revenue for the fourth quarter had a 50% increase to close at $524.56 million, compared to $349.66 million for the comparable quarter of 2024.
Direct Expenses amounted to $1.08 billion (2024: $1.00 billion). This represents an increase of 7% year over year. Consequently, gross profit increased by 5% to $646.62 million, compared to $614.96 million for the twelve months ended May 31, 2024. The company booked gross profit of $229.21 million for the fourth quarter, versus $138.84 million reported for the similar quarter of 2024.
Other operating expense decreased by 52% to close at $22.40 million (2024: other operating expense of $46.22 million), while administrative expenses decreased by 1%, from $480.51 million in 2024 to $476.59 million in the period under review. As a result, total expenses for the twelve months ended May 31, 2025, amounted to $493.43 million, a 2% decrease relative to $501.68 million reported in 2024.
Operating profit for the twelve months ended May 31, 2025, amounted to $130.80 million, a 95% increase relative to $67.05 million reported in 2024. Operating profit for the fourth quarter amounted to $109.91 million (2024: Operating Loss of $101.36 million). Net Finance Cost totalled $86.09 million, a 25% increase from the corresponding period last year (2024: $68.88 million).
Pre-tax Profit for the twelve months ended May 31, 2025, amounted to $44.71 million, a 2,538% increase relative to the pre-tax loss of $1.83 million reported in 2024. Pre-tax Profit for the fourth quarter amounted to $87.78 million (2024: pre-tax loss of $126.02 million).
Taxation charge for the twelve months ended May 31, 2025, had a 48% increase to reach $18.57 million (2024: $12.53 million). Net Profit for the twelve months amounted to $26.14 million, a 282% increase from the net loss of $14.36 million reported in 2024. For the fourth quarter, Net Profit was $69.21 million (2024: net loss of $114.29 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.02 (2024: LPS: $0.01), while Earnings Per Share for the quarter totaled $0.04 (2024: LPS: $0.07). The twelve-month trailing EPS was $0.02, and the number of shares used in these calculations was 1,542,467,080.
Notably, PTL’s stock price closed the trading period on July 28, 2025, at a price of $0.85, with a corresponding P/E ratio of 50.16x.
Balance Sheet Highlights
The company’s assets totalled $2.29 billion (2024: $2.08 billion). This increase in total assets was attributable to inventories, which amounted to $863.08 million (2024: $664.45 million).
Shareholders’ equity was $1.07 billion (2024: $1.04 billion), representing a book value per share of $0.69 (2024: $0.67).
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.