Wigton Windfarm Limited (WIG)

Unaudited financials for the six months ended September 30, 2025:

Wigton Windfarm Limited (WIG) for the six months ended September 30, 2025, reported Sales of $1.33 billion, representing an increase of 33% compared to $1.00 billion for the corresponding period in 2024. Sales for the second quarter amounted to $509.37 million, up 35% from $378.31 million in the similar quarter of 2024.

Cost of sales for the six-month period totalled $468.42 million (2024: $428.20 million), reflecting an increase of 9% year over year. Consequently, gross profit rose by 51% to $863.17 million compared to $572.14 million for the prior period. For the quarter, gross profit was $271.43 million versus $149.52 million in Q2 2024.

Other income declined by 49% to $210.12 million (2024: $415.53 million), primarily due to the absence of extraordinary income such as Hurricane Beryl insurance proceeds recorded in the prior year. General administrative expenses increased by 11%, moving from $387.32 million in 2024 to $430.45 million in the review period.

As a result, operating profit for the six months ended September 30, 2025, stood at $642.84 million, up 7% from $600.35 million in 2024. Operating profit for the quarter was $210.97 million compared to $284.38 million in Q2 2024.

Finance expenses decreased by 16% to $153.64 million (2024: $182.31 million), reflecting continued benefits from long-term debt repayment.

Profit before taxation for the six-month period amounted to $472.63 million, an increase of 14% relative to $413.06 million reported in 2024. For the quarter, profit before tax was $127.06 million versus $191.99 million in Q2 2024.

The tax charge for the six months ended September 30, 2025, was $118.16 million (2024: $103.27 million). Net profit for the period totalled $354.47 million, up 14% from $309.80 million in 2024. For the quarter, net profit was $95.30 million compared to $143.99 million in Q2 2024.

Consequently, Earnings Per Share for the six months amounted to $0.0322 (2024: EPS: $0.0282), while Earnings Per Share for the quarter totaled $0.01 (2024: EPS: $0.01). The twelve-month trailing EPS was $0.03 and the number of shares used in these calculations was 11,000,000,000.

Notably, WIG’s stock price closed the trading period on November 12, 2025 at a price of $1.24 with a corresponding P/E ratio of 39.24x.

Balance Sheet Highlights

The company’s assets totaled $9.64 billion (2024: $10.28 billion). This movement in total assets was mainly attributable to a $269.53 million decline in current assets, driven by a reduction in ‘Property, Plant and Equipment’ which amounted to $5.17 billion (2024: $5.45 billion).

Shareholders’ equity was $5.67 billion (2024: $5.41 billion), representing a book value per share of $0.52 (2024: $0.49).

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