May 16, 2025
Stationery and Office Supplies Limited (SOS)
Unaudited Financials for the First Quarter Ended March 31, 2025:
Stationery and Office Supplies Limited (SOS) reported a 2% increase in revenue for the first quarter ended March 31, 2025, totaling $537.46 million, compared to $524.81 million in the corresponding three months of the previous year.
Cost of sales amounted to $262.03 million (2024: $234.08 million), representing a 12% year-over-year increase. Consequently, gross profit decreased by 5% to $275.44 million, compared to $290.73 million for the first quarter ended March 31, 2024.
Administrative and general expenses increased by 11% to $147.19 million (2024: $132.01 million), while selling and promotional costs decreased by 2%, from $39.81 million in 2024 to $39.08 million for the three-month period. As a result, depreciation and amortisation for the first quarter amounted to $11.12 million, a 4% increase relative to the $10.70 million reported in 2024.
Operating profit for the three months amounted to $79.08 million, a 27% decrease compared to $108.20 million reported in 2024. Finance income increased by 16% to $3.44 million (2024: $1.70 million), while finance costs totaled $821,261, a 16% increase from the corresponding period last year (2024: $708,687).
Profit before tax for the first quarter ended March 31, 2025, amounted to $83.68 million, a 23% decrease relative to the $109.25 million reported in 2024.
Loss on foreign exchange for the three months surged by 3,325% to $1.99 million (2024: $57,998).
Income tax expense decreased by 26% to $10.13 million (2024: $13.67 million). Net profit for the first quarter totaled $73.56 million, compared to $95.58 million reported twelve months prior.
Consequently, earnings per share (EPS) for the three months amounted to $0.03 (2024: EPS: $0.04). The twelve-month trailing EPS was $0.09, and the number of shares used in these calculations was 2,251,084,500. Notably, SOS’s stock price closed the trading period on May 15, 2025, at $1.45, with a corresponding P/E ratio of 16.25x.
Balance Sheet Highlights
The company’s assets totaled $2.01 billion (2024: $1.80 billion). This increase in total assets was primarily attributable to cash and cash equivalents, which amounted to $472.66 million (2024: $282.39 million).
Total equity stood at $1.63 billion (2024: $1.43 billion), representing a book value per share of $0.72 (2024: $0.63).
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