July 22, 2025
QWI Investments Limited (QWI)
Unaudited financials for the nine months ended June 30, 2025:
QWI Investments Limited (QWI) for the nine months ended June 30, 2025, reported a 31% decrease in Dividend and Interest Income totaling $23.26 million compared to $33.50 million in the corresponding period last year. Dividend and Interest Income for the third quarter had a 29% decrease to close at $10.34 million compared to $14.54 million for the comparable quarter of 2024.
Loss from investment activities amounted to $98.94 million compared to gains of $207.49 million for the nine months ended June 30, 2024. The company booked gains from investment activities of $52.51 million for the third quarter versus $54.85 million reported for the similar quarter of 2024. Additionally, unrealized currency gain amounted to $19.91 million compared to $2.96 million in the nine months ended June 30, 2024, this represents a increase of 573% year over year. As a result, Total loss amounted to $55.77 million compared to $243.95 million in the nine months ended June 30, 2024.
Administrative expenses decreased by 15% from $69.17 million in 2024 to $58.62 million in the period under review. Additionally, interest expense for the nine months ended June 30, 2025 amounted to $24.66 million, a 5% decrease relative to $25.97 million reported in 2024.
Loss before Taxation for the nine months ended June 30, 2025, amounted to $139.05 million, relative to profit before taxation of $148.81 million reported in 2024. Profit before Taxation for the third quarter amounted to $48.24 million compared to $51.59 million in same period last year.
Tax credit for the nine months ended June 30, 2025 amounted to $40.96 million compared to tax charge incurred of $36.78 million in 2024. Net loss for the nine months amounted to $98.09 million, a decrease from the net profit of $112.03 million reported in 2024. For the third quarter, Net Profit was $39.55 million compared to $41.71 million in Q3 2024.
Consequently, Loss Per Share for the nine months amounted to $0.07 compared to EPS of $0.08 for the nine months ended June 2024, while Earnings Per Share for the quarter totaled $0.03, the same as the prior period. The twelve month trailing LPS was $0.06 and the number of shares used in these calculations was 1,365,000,015.
Notably, QWI’s stock price closed the trading period on July 21, 2025 at a price of $0.78.
Balance Sheet Highlights
The company’s assets totalled $1.99 billion compared to $2.17 billion in 2024. ‘Quoted Investments – local’ amounted to $1.19 billion (2024: $1.40 billion).
Shareholder’s equity was $1.68 billion compared to $1.80 billion in 2024, representing a book value per share of $1.23 compared to $1.32 in 2024.
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