October 15, 2026
Knutsford Express Services Limited (KEX)
Unaudited financials for the first quarter ended August 31, 2026:
Knutsford Express Services Limited (KEX) reported a 6% increase in revenue, totalling J$632.86 million, compared to J$599.71 million for the corresponding three-month period in 2025.
Administrative and General Expenses amounted to J$550.98 million (2025: J$501.33 million), a 10% year-over-year increase.
Consequently, operating profit declined by 17%, closing at J$81.87 million, compared to J$98.38 million for the first quarter ended August 31, 2025.
Finance income decreased by 21% to J$3.68 million (2025: J$4.65 million), while finance costs rose marginally by 0.5%, from J$18.77 million in 2025 to J$18.86 million for the quarter. As a result, profit before taxation amounted to J$66.69 million, a 21% decrease relative to J$84.26 million reported in the prior year.
The taxation charge for the three months was J$12.95 million, a 28% decrease compared to J$17.88 million in 2025. As a result, net profit totalled J$53.74 million, a 19% decrease from J$66.38 million in the corresponding period last year.
Consequently, Earnings Per Share for the three months amounted to $0.11 (2025 EPS: $0.13). The twelve-month trailing EPS was $0.22 and the number of shares used in these calculations was 500,000,015. Notably, KEX’s stock price closed the trading period on October 15, 2026, at a price of $8.52 with a corresponding P/E ratio of 38.07x.
Balance Sheet Highlights
The company’s assets totalled $2.68 billion (2025: $2.37 billion). The movement in total assets was primarily driven by a 19% increase in investment properties, which rose to J$859.42 million from J$720.21 million in 2025, and a J$189.93 million increase in property, plant and equipment to J$929.05 million, compared to J$739.11 million in the prior year.
Shareholders’ equity was $1.64 billion (2025: $1.54 billion), representing a book value per share of $3.27 (2025: $3.08).
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