July 13, 2026
Derrimon Trading Limited (DTL)
Unaudited financials for the first quarter ended March 31, 2026:
Derrimon Trading Limited (DTL) for the first quarter ended March 31, 2026, reported a 31% decrease in Trading Income/Revenue totalling $2.96 billion compared to $4.30 billion in the corresponding three months last year.
Cost of Sales amounted to $2.01 billion (2025: $3.87 billion), representing a decrease of 48% year over year. Consequently, Gross Profit increased by 121% to $944.20 million compared to $427.38 million for the first quarter ended March 31, 2025.
Other Operating Income decreased by 11% to $75.16 million from $84.47 million in 2025. Administrative Expenses decreased by 3% to $763.52 million (2025: $785.35 million), while Selling and Distribution Expenses increased by 29% from $166.43 million in 2025 to $214.80 million for the three months. As a result, Total Operating Expenses for the first quarter amounted to $978.32 million, a 3% increase relative to $951.78 million reported in 2025.
Operating Profit before Finance Charges amounted to $41.04 million, compared to an Operating Loss before Finance Charges of $439.93 million in 2025. The improvement was mainly driven by the significant recovery in Gross Profit, which more than offset the increase in Selling and Distribution Expenses.
Finance Costs totalled $194.52 million, representing an 11% increase from $175.63 million in the corresponding period last year. Consequently, Loss Before Taxation narrowed by 75% to $153.49 million, compared to a Loss Before Taxation of $615.57 million in 2025.
Taxation for the three months amounted to $15.77 million, representing a 26% increase from $12.53 million reported in 2025. As a result, Net Loss for the period narrowed to $169.26 million, compared to a Net Loss of $628.09 million in the prior year.
Net Loss Attributable to Stockholders of the Company amounted to $191.28 million, representing a 70% improvement from the Net Loss Attributable to Stockholders of $640.20 million reported in 2025. Net Profit attributable to Non-Controlling Interests amounted to $22.03 million, bringing total Group Net Loss to $169.26 million.
Consequently, Loss Per Share for the three months amounted to $0.04, compared to Loss Per Share of $0.14 in 2025. The twelve-month trailing Loss Per Share was approximately $0.44, 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 10, 2026 at $1.46.
Balance Sheet Highlights
The Group’s Total Assets amounted to $16.21 billion at March 31, 2026, representing a 12% increase from the restated $14.46 billion reported in 2025. The increase was mainly driven by higher Inventories, which rose to $2.09 billion from $1.19 billion, as well as an increase in Deferred Tax Assets to $1.02 billion from $260.31 million. Receivables and Prepayments also increased to $3.75 billion from $3.15 billion.
Equity Attributable to Stockholders of the Company decreased to $1.93 billion from $3.64 billion in 2025, mainly reflecting the increase in retained losses. This represented a book value per share of approximately $0.43, compared to $0.80 in the prior year.
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 affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
