March 04, 2025
Supreme Ventures Limited (SVL)
Audited financials for the twelve months ended December 31, 2024:
Supreme Ventures Limited (SVL), for the twelve months ended December 31, 2024, reported a 4% increase in Total Gaming Income from $50.88 billion in 2023 to $52.67 billion in 2024. Revenues from the Company’s segments for the twelve months were as follows:
Revenue from non-fixed odd wagering games, horse racing, and pin codes saw a notable increase of 5%, reaching $32.63 billion in 2024, up from $30.98 billion in 2023. In contrast, income from fixed odd wagering games, net of prizes, grew at a more modest rate of 1%, totaling $20.04 billion in 2024, compared to $19.90 billion in 2023.
Direct Expenses for the period increased 3% to $40.32 billion (2023: 39.08 billion). For the quarter, Direct Expenses increased 9% to $10.29 billion (2023: $9.45 billion).
Which resulted in Gross Profit for the twelve months ended December 31, 2024, increased 5% to $12.34 billion (2023: $11.80 billion). For the quarter, Gross Profit increased 22% to $3.56 billion (2023: $2.91 billion).
Selling, general and administrative expenses for the twelve months ended December 31, 2024, increased 8% to $9.11 billion (2023: $8.44 billion). For the quarter, Selling, general and administrative expenses increased 25% to $3.04 billion (2023: $2.44 billion).
Other Income for the twelve months decreased 26% to $667.19 million (2023: $900.84 million). For the quarter, Other Income decreased 16% to $326.85 million (2023: $389.20 million).
Operating Profit for the twelve months ended December 31, 2024, decreased 9% to $3.44 billion (2023: $3.80 billion). For the quarter, Operating Profit decreased 3% to $388.82 million (2023: $402.26 million).
Finance Costs for the twelve months increased 44% to $876.96 million (2023: $609.35 million). For the quarter, Finance Costs increased 197% to $272.37 million (2023: $91.60 million).
Profit before taxation for the twelve months decreased 22% to $2.56 billion (2023: $3.27 billion). For the quarter, Profit before taxation decreased 70% to $116.45 million (2023: $394.66 million).
Taxation for the twelve months increased 9% to $906.71 million (2023: $830.08 million). For the quarter, Taxation increased 154% to $160.02 million (2023: $62.91 million). Profit Attributable to shareholders for the twelve months decreased 32% to $1.65 billion (2023: $2.42 billion). For the quarter, Loss Attributable to shareholders decreased 114% to $50.56 million (2023: Net profit $350.54 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.63 (2023: EPS: $0.92), while Loss Per Share for the quarter totaled $0.02 (2023: EPS: $0.13). The twelve-month trailing EPS was $0.63 and the number of shares used in these calculations was 2,637,254,926.
Notably, SVL’s stock price closed the trading period on March 04, 2025, at a price of $19.49 with a corresponding P/E ratio of 31.18x.
Balance Sheet Highlights
The company’s assets totalled $21.05 billion (2023: $20.29 billion). The main driver of the increase in assets can be attributed to a 32% year-over-year growth in the “Current portion of loans and advances,” which reached $1.37 billion by the end of the year (up from $1.04 billion in 2023). Additionally, there was a 9% year-over-year rise in “Financial assets at fair value,” which ended the year at $1.82 billion (compared to $1.66 billion in 2023), along with a 13% year-over-year increase in “Investment Properties,” which concluded the year at $1.06 billion (up from $942 million in 2023).
Shareholder’s equity was $4.64 billion (2023: $4.26 billion), representing a book value per share of $1.76 (2023: $1.62).
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