July 13, 2026
Derrimon Trading Limited (DTL)
Audited financials for the twelve months ended December 31, 2025:
Derrimon Trading Limited (DTL) for the twelve months ended December 31, 2025 reported a 1% increase in Revenue totalling $15.34 billion compared to $15.21 billion in the corresponding period last year. The reported nine-month results, fourth-quarter Revenue amounted to approximately $3.14 billion, representing a 14% decrease from $3.65 billion for the comparable quarter of 2024.
Cost of Sales amounted to $13.97 billion (2024: $12.03 billion), representing an increase of 16% year over year. Consequently, Gross Profit decreased by 57% to $1.36 billion compared to $3.18 billion for the twelve months ended December 31, 2024. Based on fourth-quarter figures, the company recorded a Gross Loss of approximately $1.97 billion, compared to Gross Profit of $217.20 million for the corresponding quarter of 2024.
Other Operating Income decreased by 52% to $267.62 million from $552.83 million in 2024. Operating and Administrative Expenses increased by 9% to $3.29 billion compared to $3.02 billion in the prior year, while Selling and Distribution Expenses decreased by 11% to $731.64 million from $818.99 million. The company also recorded an Impairment Reversal on Financial Assets of $30,000, compared to an Impairment Allowance of $462.30 million in 2024.
Consequently, Operating Loss widened to $2.39 billion, compared to an Operating Loss of $566.10 million in 2024. This deterioration was mainly driven by the sharp decline in Gross Profit, higher Cost of Sales and lower Other Operating Income. Based on fourth-quarter figures, Operating Loss amounted to approximately $3.55 billion, compared to an Operating Loss of $1.53 billion in the corresponding quarter of 2024.
Net Finance Costs increased by 16% to $889.04 million compared to $765.80 million in the prior year. As a result, Loss Before Taxation widened to $3.28 billion, compared to a Loss Before Taxation of $1.33 billion in 2024. Based on derived fourth-quarter figures, Loss Before Taxation amounted to approximately $3.47 billion, compared to a Loss Before Taxation of $1.47 billion for the corresponding quarter of 2024.
Taxation reflected a credit of $703.23 million, compared to a credit of $37.74 million in 2024. Consequently, Net Loss for the year widened to $2.58 billion, compared to a Net Loss of $1.29 billion in the prior year.
Net Loss Attributable to Stockholders of the Company amounted to $2.42 billion, compared to a Net Loss of $1.22 billion in 2024. Net Loss attributable to Non-Controlling Interests amounted to $152.56 million, bringing total Group Net Loss to $2.58 billion. For the fourth quarter, Net Loss Attributable to Stockholders of the Company amounted to approximately $2.55 billion, compared to a Net Loss Attributable to Stockholders of $1.31 billion in the corresponding quarter of 2024.
Consequently, Loss Per Share for the twelve months amounted to $0.53, compared to Loss Per Share of $0.27 in 2024. Loss Per Share for the fourth quarter amounted to approximately $0.56, compared to Loss Per Share of approximately $0.29 for the corresponding quarter of 2024. The twelve-month trailing Loss Per Share was $0.53, and the number of shares used in these calculations was 4,533,360,670.
Notably, DTL’s stock price closed the trading period on July 13, 2026 at $1.46.
Balance Sheet Highlights
The company’s Total Assets amounted to $15.56 billion at December 31, 2025, representing a 3% decrease from the restated $16.00 billion reported in 2024. The decrease was mainly driven by lower Inventories, which fell to $1.99 billion from $2.53 billion, as well as lower Receivables, which declined to $2.94 billion from $3.12 billion. Investment Securities also decreased to $122.99 million from $202.96 million, while Right-of-Use Assets declined to $2.59 billion from $2.81 billion. Property, Plant and Equipment also fell to $3.74 billion from $3.93 billion.
Equity Attributable to Stockholders of the Company decreased to $1.85 billion from $4.28 billion in 2024, mainly reflecting the increase in the accumulated deficit. This represented a book value per share of approximately $0.41, compared to $0.94 in the prior year.
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