May 18, 2026
One Great Studio Company Limited (1GS)
Unaudited financials for the first quarter ended March 31, 2026:
One Great Studio Company Limited (1GS) for the first quarter ended March 31, 2026, reported a 34% increase in revenue totalling $102.40 million compared to $76.23 million in the corresponding three months last year.
Cost of sales amounted to $65.36 million (2025: $55.31 million), this represents an increase of 18% year over year. Consequently, gross profit increased by 77% to $37.05 million compared to $20.92 million for the first quarter ended March 31, 2025. Gross margin expanded to 36.2% from 27.4% in the comparable quarter.
Administrative expenses decreased by 1% to close at $29.07 million (2025: $29.46 million). Consequently, Operating profit improved to $7.97 million from operating loss of $8.54 million for the three months, a turnaround supported by both revenue growth and disciplined cost management.
Other income for the first quarter amounted to $11.26 million, a 239% increase relative to $3.32 million reported in 2025, primarily driven by a $10.0 million non-recurring fair value gain related to the DRT Communications contingent liability as the first 12-month earn-out target was not met.
Interest expense totalled $627,179, a 39% increase from the corresponding period last year (2025: $451,039).
Profit before Taxation for the first quarter ended March 31, 2026, amounted to $14.71 million, a turnaround relative to pre-tax loss of $13.36 million reported in 2025.
No tax charge was incurred for the three months (2025: nil). As such, Net Profit for the three months amounted to $14.71 million, a turnaround from Net loss of $13.36 million reported in 2025.
Consequently, Earnings Per Share for the three months amounted to $0.01 (2025: LPS: $0.01). The twelve-month trailing EPS was $0.002, and the number of shares used in these calculations was 1,693,131,075.
Notably, 1GS’s stock price closed the trading period on May 15, 2026, at a price of $0.31 with a corresponding P/E ratio of 152.79x.
Balance Sheet Highlights
The company’s assets totalled $693.33 million (2025: $708.07 million). The movement in total assets was influenced by a 28% decline in ‘Cash and cash equivalents’ amounting to $32.39 million (2025: $45.04 million) and a 10% decline in ‘Short term investments’ amounting to $114.75 million (2025: $127.04 million), partly offset by a 24% increase in ‘Trade and other receivables’ amounting to $62.12 million (2025: $50.17 million).
Shareholder’s equity was $598.88 million (2025: $596.31 million), representing a book value per share of $0.35 (2025: $0.35).
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