June 1, 2026
Wigton Energy Limited (WIG)
Audited financials for the twelve months ended March 31, 2026:
Wigton Energy Limited (WIG), for the twelve months ended March 31, 2026, reported a 6% increase in Sales, totalling $1.96 billion compared to $1.85 billion in the corresponding period last year.
Cost of sales amounted to $1.01 billion (2025: $858.67 million), representing a 17% increase year over year. Consequently, gross profit decreased by 4% to $955.84 million compared to $993.10 million for the twelve months ended March 31, 2025.
Other Income declined by 19% to close at $405.89 million (2025: $499.24 million), while general administrative expenses increased by 6% from $777.86 million in 2025 to $826.04 million in the period under review.
Consequently, operating profit for the twelve months ended March 31, 2026 amounted to $535.69 million, a 25% decrease relative to $714.47 million reported in 2025. Finance Expense totalled $292.61 million, representing a 16% decrease from $349.20 million reported in 2025. Additionally, share of net profit of associate amounted to $3.07 million (2025: Loss of $4.89 million).
Profit before taxation for the twelve months ended March 31, 2026 amounted to $246.16 million, a 32% decrease relative to $360.39 million reported in 2025.
The tax charge incurred for the twelve months ended March 31, 2026, amounted to $37.65 million (2025: $57.46 million). Net Profit for the twelve months amounted to $208.51 million, a 31% decrease from the $302.93 million reported in 2025.
Other Comprehensive Income totalled $1.60 million (2025: loss of $84.52 million). As a result, Total Comprehensive Income for the twelve months amounted to $210.10 million, compared to $218.41 million in 2025.
Consequently, Earnings Per Share for the twelve months amounted to $0.02 (2025: EPS: $0.03). The number of shares used in these calculations was 11,000,000,000.
Notably, WIG’s stock price closed the trading period on May 29, 2026 at a price of $1.21 with a corresponding P/E ratio of 63.83x.
Balance Sheet Highlights
The company’s assets totalled $8.99 billion (2025: $9.67 billion), reflecting a 7% decline year over year. This movement in total assets was largely driven by a $378.98 million decline in Property, Plant and Equipment (2025: $5.04 billion), alongside reductions in receivables and restricted cash balances.
Shareholders’ equity stood at $5.50 billion (2025: $5.32 billion), representing a 3% increase year over year. This translated to a book value per share of $0.50 (2025: $0.48).
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