June 01, 2026
LASCO Distributors Limited (LASD)
Audited financials for the twelve months ended March 31, 2026:
LASCO Distributors Limited (LASD) for the twelve months ended March 31, 2026, reported a 5% increase in Revenue totaling $31.67 billion compared to $30.26 billion in the corresponding period last year. Revenue for the fourth quarter had a 5% increase to close at $7.92 billion compared to $7.56 billion for the comparable quarter of 2025.
Cost of Sales amounted to $26.42 billion (2025: $25.02 billion), representing an increase of 6% year over year. Consequently, Gross Profit increased marginally to $5.25 billion compared to $5.24 billion for the twelve months ended March 31, 2025. The company booked Gross Profit of $1.27 billion for the fourth quarter versus $1.22 billion reported for the similar quarter of 2025.
Other Income increased by 7% to close at $344.29 million (2025: $322.30 million), while Impairment Losses on Financial Assets increased by 38% to $13.28 million (2025: $9.65 million). Administrative and Other Expenses increased by 8% from $3.05 billion in 2025 to $3.29 billion in the period under review, while Selling and Promotion Expenses increased by 15% to $916.97 million (2025: $800.53 million). As a result, Operating Expenses for the twelve months ended March 31, 2026, amounted to $4.21 billion, a 9% increase relative to $3.85 billion reported in 2025.
Profit from Operations for the twelve months ended March 31, 2026, amounted to $1.37 billion, a 19% decrease relative to $1.69 billion reported in 2025. Profit from Operations for the fourth quarter amounted to $282.43 million (2025: $383.03 million). Finance Costs totalled $45.92 million, a 174% increase from the corresponding period last year (2025: $16.76 million).
Profit Before Taxation for the twelve months ended March 31, 2026 amounted to $1.33 billion, a 21% decrease relative to $1.68 billion reported in 2025. Profit Before Taxation for the fourth quarter amounted to $267.64 million (2025: $375.15 million).
Taxation for the twelve months ended March 31, 2026, had a 22% decrease to reach $264.87 million (2025: $338.97 million). Net Profit for the twelve months amounted to $1.06 billion, a 21% decrease from the $1.34 billion reported in 2025. For the fourth quarter, Net Profit was $205.58 million (2025: $291.55 million).
Total Comprehensive Income for the twelve months ended March 31, 2026 amounted to $1.03 billion, a 23% decrease relative to $1.34 billion reported in 2025. Total Comprehensive Income for the fourth quarter amounted to $213.45 million (2025: $269.44 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.30 (2025: EPS: $0.38), while Earnings Per Share for the quarter totaled $0.06 (2025: EPS: $0.08). The number of shares used in these calculations was 3,530,702,702.
Notably, LASD’s stock price closed the trading period on May 29, 2026, at a price of $3.05 with a corresponding P/E ratio of 10.13x.
Balance Sheet Highlights
The company’s assets totalled $18.26 billion (2025: $15.86 billion). The increase in total assets was mainly driven by Cash and Bank Balances, which rose to $2.58 billion from $1.59 billion, as well as Inventories, which increased to $6.04 billion from $5.32 billion. Property, Plant and Equipment also increased to $2.59 billion from $2.23 billion, while Short-Term Investments rose to $983.22 million from $780.97 million.
Shareholder’s Equity was $11.10 billion (2025: $10.47 billion), representing a book value per share of $3.14 (2025: $2.97).
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
