May 12, 2026
Everything Fresh Limited (EFRESH)
Unaudited financials for the first quarter ended March 31, 2026:
Everything Fresh Limited (EFRESH) for the first quarter ended March 31, 2026, reported a 3% increase in Revenue totalling $1.09 billion compared to $1.06 billion in the corresponding three months last year.
Cost of Sales amounted to $865.16 million (2025: $822.47 million), this represents an increase of 5% year over year. Consequently, Gross Profit decreased by 4% to $225.44 million compared to $234.02 million for the first quarter ended March 31, 2025.
Other Operating Income decreased by 59% to close at $369,000 (2025: $910,000), while Administrative and Other Expenses decreased by 1% from $158.43 million in 2025 to $157.04 million for the three months. Selling and Promotion Expenses increased by 2% to $13.76 million compared to $13.52 million in the prior year. As a result, Operating Expenses for the first quarter amounted to $170.80 million, a 1% decrease relative to $171.95 million reported in 2025.
Operating Profit for the three months amounted to $55.01 million, a 13% decrease relative to $62.98 million reported in 2025. Finance Costs totalled $18.90 million, an 11% increase from the corresponding period last year (2025: $17.04 million).
Profit Before Tax for the first quarter ended March 31, 2026, amounted to $36.12 million, a 21% decrease relative to $45.94 million reported in 2025.
Taxation for the three months amounted to $7.64 million, a 125% increase from $3.40 million reported in 2025. Net Profit for the period amounted to $28.48 million, a 33% decrease compared to $42.54 million in the prior year. Profit attributable to shareholders of the company for the three months amounted to $28.49 million, a 27% decrease from the $38.87 million reported in 2025.
Consequently, Earnings Per Share for the three months amounted to $0.04 (2025: EPS: $0.05). The twelve-month trailing EPS was $0.04, and the number of shares used in these calculations was 780,000,000.
Notably, EFRESH’s stock price closed the trading period on May 11, 2026, at a price of $2.11 with a corresponding P/E ratio of 54.10x.
Balance Sheet Highlights
The company’s assets totalled $2.10 billion (2025: $1.74 billion). The increase in total assets was mainly driven by inventories, which rose by 40% to $1.01 billion from $717.45 million in the prior year. Cash and short-term deposits also increased to $252.53 million compared to $133.30 million in 2025. This was partly offset by lower receivables, which decreased to $522.60 million from $551.39 million, and a reduction in non-current assets to $306.80 million from $330.61 million.
Shareholder’s equity was $559.24 million (2025: $533.59 million), representing a book value per share of $0.72 (2025: $0.68).
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