February 16, 2026
Atlantic Hardware & Plumbing Co. Ltd. (AHPC)
Unaudited financials for the twelve months ended December 31, 2025:
Atlantic Hardware & Plumbing Co. Ltd. (AHPC) for the twelve months ended December 31, 2025, reported a 12% increase in revenue, totalling $1.82 billion compared to $1.61 billion in the corresponding period last year. Revenue for the fourth quarter had a 37% increase to close at $524.98 million compared to $383.31 million for the comparable quarter of 2024.
Cost of sales amounted to $1.29 billion (2024: $1.14 billion), representing a 13% increase year over year. Consequently, gross profit increased by 10% to $528.46 million compared to $478.44 million for the twelve months ended December 31, 2024. The company booked gross profit of $150.57 million for the fourth quarter versus $133.28 million reported for the similar quarter of 2024.
Administrative expenses increased by 38% to close at $316.99 million (2024: $230.50 million). As a result, operating profit for the twelve months ended December 31, 2025, amounted to $242.75 million, a 7% decrease relative to $262.40 million reported in 2024. For the fourth quarter, operating profit amounted to $67.75 million compared to $76.91 million in the corresponding quarter of 2024, representing a 12% decrease.
Finance costs totalled $118.05 million, an 18% decrease from the corresponding period last year (2024: $144.45 million).
Profit before taxation for the twelve months ended December 31, 2025, amounted to $124.70 million, a 6% increase relative to $117.95 million reported in 2024. Profit before taxation for the fourth quarter amounted to $38.86 million (2024: $36.15 million).
Taxation for the twelve months ended December 31, 2025, decreased by 80% to $5.46 million (2024: $27.45 million). Net profit for the twelve months amounted to $119.24 million, a 32% increase from the $90.50 million reported in 2024. For the fourth quarter, net profit was $38.86 million (2024: $29.16 million).
Consequently, earnings per share for the twelve months amounted to $0.049 (2024: $0.056), while earnings per share for the quarter totalled $0.016 (2024: $0.012).
The twelve-month trailing EPS was $0.05, and the number of shares used in these calculations was 2,499,999,800.
Notably, AHPC’s stock price closed the trading period on February 13, 2026, at $2.02, with a corresponding P/E ratio of 42.35x.
Balance Sheet Highlights
The company’s assets totalled $1.41 billion (2024: $1.62 billion). This decrease was attributable to property, plant and equipment which amounted to $22.84 million (2024: $290.85 million).
Shareholders’ equity was $530.44 million, representing a book value per share of $0.21.
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