December 16, 2025
Lumber Depot Limited (LUMBER)
Unaudited financials for the six months ended October 31, 2025
Lumber Depot Limited (LUMBER) reported a 1% increase in revenue for the six months ended October 31, 2025, totaling $772.48 million, compared with $762.65 million in the corresponding period last year. Revenue for the second quarter declined by 1% to $370.94 million, compared with $376.18 million for the comparable quarter of 2024.
Cost of sales amounted to $595.03 million (2024: $587.04 million), representing a 1% year-over-year increase. Consequently, gross profit increased by 1% to $177.44 million, compared with $175.61 million for the six months ended October 31, 2024. Gross profit for the second quarter totaled $88.21 million, versus $83.54 million reported for the similar quarter of 2024.
Impairment gains on trade receivables increased by 403% to $2.99 million (2024: impairment losses on trade receivables of $985,089), while administrative and other expenses rose by 5%, increasing from $99.38 million in 2024 to $104.69 million during the period under review. As a result, profit from operations for the six months ended October 31, 2025, amounted to $75.77 million, representing a 1% increase relative to $75.25 million reported in 2024.
Other income for the six months ended October 31, 2025, amounted to $3.60 million, reflecting a 1% decrease relative to $3.65 million reported in 2024. Other income for the second quarter totaled $2.56 million (2024: $2.07 million). Profit before net finance costs and taxation amounted to $79.36 million, a 1% increase from the corresponding period last year (2024: $78.90 million).
Net finance costs for the six months ended October 31, 2025, amounted to $575,090, compared with net finance income of $1.53 million reported in 2024. Net finance costs for the second quarter amounted to $436,327 (2024: net finance income of $807,327).
Profit before taxation for the six months ended October 31, 2025, declined by 2% to $78.79 million (2024: $80.43 million). The taxation charge totaled $9.85 million for the period and $4.43 million for the quarter.
Net profit for the six months amounted to $68.94 million, representing a 14% decrease from $80.43 million reported in 2024. For the second quarter, net profit totaled $31.01 million (2024: $35.20 million).
Consequently, earnings per share for the six months amounted to $0.10 (2024: $0.11), while earnings per share for the quarter totaled $0.04 (2024: $0.05). The trailing twelve-month EPS stood at $0.18, based on 706,237,500 shares in issue.
Notably, LUMBER’s stock price closed the trading period on December 15, 2025, at $2.96, corresponding to a price-to-earnings ratio of 16.81 times.
Balance Sheet Highlights
Total assets amounted to $1.18 billion (2024: $900.52 million). This increase was primarily attributable to property, plant, and equipment totaling $374.23 million (2024: $172.24 million).
Shareholders’ equity stood at $840.49 million (2024: $710.22 million), representing a book value per share of $1.19 (2024: $1.01).
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