July 1, 2026
Future Energy Source Company Limited (FESCO)
Audited financial statements for the twelve months ended March 31, 2026:
Future Energy Source Company Limited (FESCO) for the twelve months ended March 31, 2026, reported an 8% increase in Revenue totaling $32.57 billion compared to $30.05 billion in the corresponding period last year.
Cost of Sales amounted to $30.42 billion (2025: $28.38 billion), this represents an increase of 7% year over year. Consequently, gross profit increased by 29% to $2.14 billion compared to $1.66 billion for the twelve months ended March 31, 2025.
Other Income increased by 120% to close at $24.21 million (2025: $10.98 million), while Impairment losses on financial assets increased by 263% from $10.22 million in 2025 to $37.10 million in the period under review. Also, Operating and Administrative expenses increased by 22% to $1.23 billion in 2026 (2025: $1.01 billion).
Consequently, Operating Profit for the twelve months ended March 31, 2026, amounted to $901.13 million, a 37% increase relative to $658.43 million reported in 2025.
Net Finance Cost totalled $178.93 million, a 1% increase from the corresponding period last year (2025: $177.10 million).
Taxation amounted to $55.39 million (2025: $19.79 million). As such, Net Profit for the twelve months amounted to $666.81 million, a 44% increase from the $461.55 million reported in 2025.
Consequently, Earnings Per Share for the twelve months amounted to $0.27 (2025: EPS: $0.18). The twelve-month trailing EPS was $0.27, and the number of shares used in these calculations was 2,500,000,000.
Notably, FESCO’s stock price closed the trading period on June 30, 2026, at a price of $3.68 with a corresponding P/E ratio of 13.80x.
Balance Sheet Highlights
The company’s assets totalled $6.26 billion (2025: $5.60 billion). The growth in total assets was primarily driven by a $457.95 million or 11% increase in ‘PPE’ to close the period at $4.47 billion.
Shareholder’s equity was $3.32 billion (2025: $2.72 billion), representing a book value per share of $1.33 (2025: $1.09).
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