March 18, 2026
R.A. Williams Distributors Limited (RAWILL)
Unaudited financials for the nine months ended January 31, 2026:
R.A. Williams Distributors Limited (RAWILL) for the nine months ended January 31, 2026, reported a 21% increase in revenue, totaling $1.44 billion compared to $1.19 billion in the corresponding period last year. Revenue for the third quarter increased by 23% to close at $541.94 million compared to $438.90 million for the comparable quarter of 2025.
Cost of sales amounted to $859.74 million (2025: $628.47 million), representing a 37% increase year over year. Consequently, gross profit increased by 3% to $584.21 million compared to $564.91 million for the nine months ended January 31, 2025. The company booked gross profit of $215.12 million for the third quarter versus $204.09 million reported for the similar quarter of 2025.
Administrative and general expenses decreased by 2% to $311.60 million (2025: $304.75 million), while selling and distribution expenses increased by 19% from $178.31 million in 2025 to $211.99 million in the period under review. As a result, total expenses for the nine months ended January 31, 2026, amounted to $523.59 million, an 8% increase relative to $483.05 million reported in 2025.
Operating profit for the nine months ended January 31, 2026, amounted to $60.61 million, a 26% decrease relative to $81.85 million reported in 2025. Operating profit for the third quarter amounted to $52.87 million (2025: $28.58 million). Other income totaled $373,363, a 135% increase from the corresponding period last year (2025: $158,609).
Finance costs for the nine months ended January 31, 2026, amounted to $56.22 million, a 6% increase relative to $52.82 million reported in 2025. Finance costs for the third quarter amounted to $19.38 million (2025: $14.04 million).
Profit before taxation for the nine months ended January 31, 2026 declined by 84% to $4.76 million (2025: $29.19 million). However, third-quarter performance showed a notable improvement, with profit before taxation increasing to $33.51 million compared to $14.58 million in the corresponding quarter of 2025.
Consequently, earnings per share for the nine months amounted to $0.002 (2025: EPS: $0.012), while earnings per share for the quarter totaled $0.017 (2025: EPS: $0.008). The twelve-month trailing EPS was approximately $0.02, and the number of shares used in these calculations was 2,000,000,000.
Notably, RAWILL’s stock price closed the trading period on March 17, 2026 at a price of $0.39, with a corresponding P/E ratio of 67.33x.
Balance Sheet Highlights
The company’s assets totaled $1.63 billion (2025: $1.44 billion). This increase was attributable to inventories which amounted to $751.41 million (2025: $582.60 million).
Shareholders’ equity was $774.97 million (2025: $763.38 million), representing a book value per share of approximately $0.39 (2025: $0.38).
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