August 14, 2026
Future Energy Source Company Limited (FESCO)
Unaudited financials for the first quarter ended June 30, 2026:
Future Energy Source Company Limited (FESCO) for the first quarter ended June 30, 2026, reported a 41% increase in Revenue totaling $10.21 billion compared to $7.23 billion in the corresponding three months last year.
Cost Of Goods Sold amounted to $9.66 billion (2025: $6.79 billion), this represents an increase of 42% year over year. Consequently, gross profit increased by 28% to $552.61 million compared to $432.98 million for the first quarter ended June 30, 2025.
Other Income increased by 4% to close at $5.41 million (2025: $5.18 million), while Impairment losses on financial assets increased by 287% from $3.10 million in 2025 to $12.00 million in the period under review. Also, Operating and Admin expenses increased by 18% to $315.48 million (2025: $266.32 million).
Consequently, Operating Profit for the first quarter ended June 30, 2026, amounted to $230.53 million, a 37% increase relative to $168.74 million reported in 2025.
Net Finance Cost totalled $63.00 million, a 115% increase from the corresponding period last year (2025: $29.37 million)..
A tax charge of $20.94 million was incurred (2025: nil) following the expiry of the Company’s Junior Market tax exemption. As such, Net profit for the first quarter amounted to $146.59 million, a 5% increase from the $139.37 million reported in 2025.
Consequently, Earnings Per Share for the first quarter amounted to $0.0586 (2025: EPS: $0.0557). 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 August 13, 2026, at a price of $3.59 with a corresponding P/E ratio of 13.32x.
Balance Sheet Highlights
The company’s assets totalled $6.83 billion (2025: $5.99 billion). The growth in total assets was primarily driven by a $304.79 million or 7% increase in ‘PPE’ to close the period at $4.58 billion, alongside a 32% increase in Trade and other receivables to $1.12 billion (2025: $847.22 million) and a 60% increase in Cash and cash equivalents to $455.83 million (2025: $285.11 million).
Shareholder’s equity was $3.46 billion (2025: $2.86 billion), representing a book value per share of $1.39 (2025: $1.14).
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