May 11, 2026
MPC Caribbean Clean Energy Limited (MPCCEL)
Unaudited financials for the first quarter ended March 31, 2026:
MPC Caribbean Clean Energy Limited (MPCCEL) for the first quarter ended March 31, 2026 reported Interest income from investments amounting to US$184,812 (2025: US$171,122), this represents an increase of 8% year over year, while Dividend income amounted to nil (2025: US$90,261). Consequently, total investment income decreased by 29% to US$184,812 compared to US$261,383 for the first quarter ended March 31, 2025.
Total Expenses for the three months had a 30% decrease to reach US$166,441 (2025: US$239,209). The breakdown for total expenses is as follows:
- Accountancy fees closed at US$4,000 (2025: US$4,000).
- Administrative fees amounted to US$17,173 versus US$20,430 recorded in the corresponding quarter for 2025.
- Advertising Costs amounted to US$2,101 (2025: US$2,102).
- Directors’ fees decreased to US$6,750 (2025: US$21,125).
- Management fees decreased to US$99,916 (2025: US$154,276).
- Legal and professional fees decreased to US$20,419 (2025: US$26,704).
- Insurance expenses amounted to US$10,000 (2025: US$8,669).
- Bank charges totalled US$1,589 (2025: US$1,404).
- Corporate fees amounted to US$375 (2025: US$375).
- Licenses fees totalled US$124 (2025: US$124).
- Travel expense amounted to US$3,994 (2025: nil).
Profit for the period amounted to US$18,371, a 17% decrease from the US$22,174 reported in 2025 on a comparable basis (before the prior-period adjustment for financial assets held for sale, which resulted in a reported loss of US$60,394 in Q1 2025).
Consequently, Earnings Per Share for the three months amounted to US$0.001 (2025: EPS: US$0.001). The twelve-month trailing LPS was US$0.05, and the number of shares used in these calculations was 26,944,861. Notably, MPCCEL’s stock price closed the trading period on May 11, 2026 at a price of $36.85.
Balance Sheet Highlights
The company’s assets totalled US$31.28 million (2025: US$33.24 million). The movement in total assets was primarily attributable to a 696% increase in ‘Cash and cash equivalents’ amounting to US$4.91 million (2025: US$617,074) and the absence of ‘Financial assets held for sale’ (2025: US$5.87 million), following the completion of the Paradise Park disposal on March 31, 2025.
Shareholder’s equity was US$1.00 (2025: US$1.00), representing a book value per share of US$0.00 (2025: US$0.00).
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