Pulse Investments Limited (PULS)
Unaudited financials for the six months ended December 31, 2025:
Pulse Investments Limited (PULS) for the six months ended December 31, 2025, reported a 75% decrease in Operating revenue totaling $68.15 million compared to $268.37 million in the corresponding period last year. Operating revenue for the second quarter had a 74% decrease to close at $34.74 million compared to $135.90 million for the comparable quarter of 2024.
Administrative and other expenses amounted to $33.21 million (2024: $138.03 million), this represents a decrease of 76% year over year. Consequently, operating profit decreased by 73% to $34.94 million compared to $130.34 million for the six months ended December 31, 2024. The company booked operating profit of $17.96 million for the second quarter versus $71.45 million reported for the similar quarter of 2024.
Unrealized fair value gains increased by 5% to close at $215.44 million (2024: $205.18 million).
No taxes were reported. As such, Net Profit for the six months amounted to $250.38 million, a 25% decrease from the $335.52 million reported in 2024. For the second quarter, Net Profit was $125.68 million (2024: $174.04 million).
Consequently, Earnings Per Share for the six months amounted to $0.04 (2024: EPS: $0.05), while Earnings Per Share for the quarter totaled $0.02 (2024: EPS: $0.03). The twelve-month trailing EPS was $0.04, and the number of shares used in these calculations was 6,522,952,176.
Notably, PULS’s stock price closed the trading period on March 06, 2026, at a price of $1.10 with a corresponding P/E ratio of 26.08x.
Balance Sheet Highlights
The company’s assets totalled $12.31 billion (2024: $12.13 billion). The movement in total assets was mainly due to a $488.87 million increase in Investment Property and a $194.79 downturn in Advertising Entitlements. Also, Investment properties held for sale decreased by $68.25 million during the period.
Shareholder’s equity was $9.86 billion (2024: $9.59 billion), representing a book value per share of $1.51 (2024: $1.47).
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 affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
