March 18, 2026
Stationery and Office Supplies Limited (SOS)
Audited financials for the twelve months ended December 31, 2025:
Stationery and Office Supplies Limited (SOS) for the twelve months ended December 31, 2025, reported a 1% increase in revenue totalling $1.87 billion compared to $1.84 billion in the corresponding period last year. Revenue for the fourth quarter declined by 14% to close at $376.25 million compared to $437.46 million for the comparable quarter of 2024.
Cost of Sales amounted to $913.45 million (2024: $834.75 million), representing an increase of 9% year over year. Consequently, gross profit decreased by 6% to $952.79 million compared to $1.01 billion for the twelve months ended December 31, 2024. The company reported gross profit of $144.64 million for the fourth quarter versus $216.81 million for the corresponding quarter of 2024.
Administrative and general expenses increased by 7% to $612.49 million (2024: $571.37 million), while selling and promotional costs remained relatively flat at $153.60 million (2024: $153.40 million). Depreciation and amortisation for the twelve months ended December 31, 2025, amounted to $44.53 million, a 1% decrease relative to $45.02 million reported in 2024.
Operating profit for the twelve months ended December 31, 2025, amounted to $136.82 million, representing a 40% decrease relative to $227.51 million reported in 2024. Operating performance for the fourth quarter reflected a loss of $23.13 million compared to a profit of $14.18 million in the corresponding quarter of 2024. Finance costs totalled $3.68 million, a 23% decrease from $4.78 million in the prior year.
Foreign exchange gains for the twelve months ended December 31, 2025, increased by 57% to $10.41 million (2024: $6.64 million). Profit on disposal of property, plant and equipment amounted to $2.04 million, a 63% decrease from $5.57 million reported in 2024. For the fourth quarter, profit on disposal of property, plant and equipment totalled $0.84 million (2024: $0).
Profit before tax for the twelve months ended December 31, 2025, amounted to $160.42 million, a 35% decrease relative to $246.63 million reported in 2024. For the fourth quarter, the company recorded a loss before tax of $15.41 million compared to a profit of $19.84 million in 2024.
Income tax expense increased by 17% to $27.90 million (2024: $23.80 million). Income tax expense for the quarter totalled $6.24 million compared to $4.56 million in the prior year’s quarter.
Net profit for the year totalled $132.52 million, compared to $222.83 million reported in 2024. For the quarter, the company recorded a net loss of $21.66 million compared to net profit of $24.41 million in the prior year.
Consequently, earnings per share (EPS) for the twelve months amounted to $0.06 (2024: $0.10), while loss per share for the quarter totalled $0.01 (2024: EPS of $0.01). The twelve-month trailing EPS was $0.06, based on 2,251,084,500 shares outstanding.
Notably, SOS’s stock price closed the trading period on March 18, 2026, at $1.55, with a corresponding P/E ratio of 26.33x.
Balance Sheet Highlights:
The company’s total assets amounted to $2.08 billion (2024: $1.96 billion). This increase was attributable to property, plant and equipment which amounted to $997.22 million (2024: $923.71 million).
Shareholders’ equity totalled $1.64 billion (2024: $1.55 billion), representing a book value per share of $0.73 (2024: $0.69).
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