October 14, 2026
Wigton Energy Limited (WIG)
Unaudited financials for the six months ended September 30, 2026:
Wigton Energy Limited (WIG) for the six months ended September 30, 2026, reported Sales of $1.51 billion, an increase of 14% compared to $1.33 billion for the corresponding period in 2025. Sales for the second quarter amounted to $726.55 million, up 43% from $509.37 million in the similar quarter of 2025.
Cost of sales for the six-month period totalled $567.41 million (2025: $468.42 million), an increase of 21% year over year. Consequently, gross profit rose by 10% to $945.33 million compared to $863.17 million for the prior period. For the quarter, gross profit was $438.66 million versus $271.43 million in Q2 2025.
Other income declined by 66% to $71.32 million (2025: $210.12 million), primarily due to lower insurance proceeds and lower foreign exchange gains relative to the prior year. General administrative expenses increased by 18%, moving from $430.45 million in 2025 to $506.43 million in the review period.
As a result, operating profit for the six months ended September 30, 2026, stood at $510.22 million, down 21% from $642.84 million in 2025. Operating profit for the quarter was $227.97 million compared to $210.97 million in Q2 2025.
Finance expenses decreased by 47% to $81.16 million (2025: $153.64 million), reflecting continued debt repayment, including the full repayment of Bond A on September 13, 2026. The company’s share of loss from its associate narrowed to $10.90 million from $16.57 million in the prior year.
Profit before taxation for the six-month period amounted to $418.16 million, a decrease of 12% relative to $472.63 million reported in 2025. For the quarter, profit before tax was $192.84 million versus $127.06 million in Q2 2025.
The tax charge for the six months ended September 30, 2026, was $104.54 million (2025: $118.16 million). Net profit for the period totalled $313.62 million, down 12% from $354.47 million in 2025. For the quarter, net profit was $144.63 million compared to $95.30 million in Q2 2025.
Consequently, Earnings Per Share for the six months amounted to $0.0285 (2025 EPS: $0.0322), while Earnings Per Share for the quarter totalled $0.01 (2025 EPS: $0.01). The twelve-month trailing EPS was $0.015 and the number of shares used in these calculations was 11,000,000,000.
Notably, WIG’s stock price closed the trading period on October 14, 2026 at a price of $1.04 with a corresponding P/E ratio of 68.23x.
Balance Sheet Highlights
The company’s assets totalled $8.84 billion (2025: $9.64 billion). The movement in total assets was mainly attributable to a $385.89 million decline in current assets, alongside a reduction in ‘Property, Plant and Equipment’, which amounted to $4.74 billion (2025: $5.17 billion).
Shareholders’ equity was $5.81 billion (2025: $5.67 billion), representing a book value per share of $0.53 (2025: $0.52).
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