August 19, 2025
Lumber Depot Limited (LUMBER)
Audited financials for the twelve months ended April 30, 2025:
Lumber Depot Limited (LUMBER) reported a 1% decrease in revenue for the twelve months ended April 30, 2025, totalling $1.51 billion, compared to $1.52 billion in the corresponding period last year. Fourth-quarter revenue rose 3% to $375.06 million, up from $362.72 million in the comparable quarter of 2024.
Cost of sales amounted to $1.18 billion (2024: $1.21 billion), which represents a 3% decrease year over year. Consequently, gross profit increased by 6% to $330.59 million, compared to $311.82 million for the twelve months ended April 30, 2024. The company recorded gross profit of $76.26 million for the fourth quarter, versus $64.33 million in the same quarter of 2024.
Impairment gains on trade receivables decreased by 96% to $124,664 (2024: $3.43 million), while administrative and other expenses increased by 12% from $179.24 million in 2024 to $200.93 million in the period under review. As a result, profit from operations for the twelve months ended April 30, 2025, amounted to $129.77 million, a 5% decrease relative to $136.04 million reported in 2024.
Other income for the twelve months ended April 30, 2025, amounted to $7.19 million, a 34% decrease relative to $10.92 million reported in 2024. Other income for the fourth quarter amounted to $1.71 million (2024: $2.25 million). Profit before net finance income and taxation totalled $136.96 million, a 7% decrease from $146.96 million in 2024.
Net finance income for the twelve months ended April 30, 2025, amounted to $2.58 million, a 163% change relative to the net finance cost of $4.07 million reported in 2024. Net finance income for the fourth quarter amounted to $469,541 (2024: net finance cost of $4.25 million).
Profit before taxation for the twelve months ended April 30, 2025, decreased 2% to $139.54 million (2024: $142.88 million).
Net profit for the twelve months amounted to $135.88 million, a 5% decrease from $142.88 million reported in 2024. For the fourth quarter, net profit was $17.03 million (2024: $16.74 million).
Consequently, earnings per share (EPS) for the twelve months amounted to $0.19 (2024: $0.20), while EPS for the quarter totalled $0.02 (2024: $0.02). The number of shares used in these calculations was 706,237,500.
Notably, LUMBER’s stock price closed on August 19, 2025, at $2.70, with a corresponding P/E ratio of 14.03x.
Balance Sheet Highlights
The company’s assets totalled $943.93 million (2024: $801.75 million). This increase was attributable to an equity investment in Atlantic Hardware and Plumbing Company Limited, which amounted to $377.38 million.
Shareholders’ equity was $828.05 million (2024: $679.23 million), representing a book value per share of $1.17 (2024: $0.96).
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