February 13, 2026
Wigton Windfarm Limited (WIG)
Unaudited financials for the nine months ended December 31, 2025:
Wigton Windfarm Limited (WIG) for the nine months ended December 31, 2025, reported Sales of $1.52 billion, representing an increase of 11% compared to $1.37 billion for the corresponding period in 2024. Sales for the third quarter amounted to $183.60 million, reflecting a decline of 50% relative to $370.37 million reported in the similar quarter of 2024.
Cost of sales totalled $720.77 million (2024: $660.37 million), an increase of 9% year over year. Consequently, gross profit rose by 12% to $794.42 million compared to $710.34 million for the nine months ended December 31, 2024. For the third quarter, the company recorded a gross loss of $68.75 million versus a gross profit of $138.20 million in Q3 2024.
Other income declined by 34% to $289.51 million (2024: $440.95 million) primarily attributable to the reduction in insurance proceeds relative to the prior period. General administrative expenses increased by $82.37 million or 14%, moving from $574.16 million in 2024 to $656.53 million in the review period, driven primarily by higher repairs and maintenance, insurance costs, and other operational expenditures necessary to support business continuity and resilience.
As a result, operating profit for the nine months ended December 31, 2025, stood at $427.40 million, down 26% from $577.13 million reported in 2024. Operating loss for the third quarter amounted to $215.44 million compared to loss of $23.22 million in Q3 2024.
Finance expenses decreased by 16% to $224.90 million (2024: $266.72 million), reflecting continued benefits from reduced long‑term debt obligations.
Profit before taxation for the nine‑month period amounted to $189.67 million, a 38% decline relative to $304.56 million reported in 2024. For the third quarter, the company recorded a pre‑tax loss of $282.96 million compared to a loss of $108.50 million in Q3 2024.
The tax charge for the nine months ended December 31, 2025, decreased by 38% to $47.42 million (2024: $76.14 million). As a result, Net profit for the period totaled $142.25 million, down 38% from $228.42 million in 2024. For the third quarter, net loss amounted to $212.22 million versus a loss of $81.38 million in the corresponding quarter of 2024.
Consequently, Earnings Per Share for the nine months amounted to $0.01 (2024: EPS: $0.02), while Loss Per Share for the quarter totaled $0.02 (2024: LPS: $0.01). The twelve-month trailing EPS was $0.02 and the number of shares used in these calculations was 11,000,000,000.
Notably, WIG’s stock price closed the trading period on February 12, 2026 at a price of $1.23 with a corresponding P/E ratio of 62.42x.
Balance Sheet Highlights
The company’s assets totaled $9.51 billion (2024: $9.91 billion). The movement in total assets was primarily attributable to 29% decline in Receivables amounting to $555.05 million (2024: $783.28 million).
Shareholder’s equity was $5.46 billion (2024: $5.33 billion), representing a book value per share of $0.50 (2024: $0.48).
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