Innovative Energy Group Limited (ENERGY)
Unaudited financials for the quarter ended August 31, 2026

Innovative Energy Group Limited (ENERGY) reported revenue of $87.54 million for the first quarter of its 2026/2027 financial year, up 70% from $51.62 million in the quarter ended August 31, 2025.

Gross profit rose 44% to $48.12 million from $33.49 million. Gross margin, however, compressed to 55.0% from 64.9%, as cost of sales more than doubled to $39.41 million from $18.13 million.

Operating expenses rose 20% to $40.78 million from $33.94 million, lifting Operating Profit 16% to $9.46 million (2025: $8.14 million).

Other income fell to $2.11 million from $8.60 million, and Finance Costs climbed 72% to $5.94 million from $3.45 million.

Pre-tax profit therefore declined 25% to $3.52 million from $4.69 million.

No tax charge was booked in either quarter, so Net Profit also came in at $3.52 million, down 25%.

Management attributed the decline to higher expenses offsetting the improvement in gross profit.

Profit per share was J$0.003, against J$0.004 a year earlier. The twelve-month trailing EPS was $0.081, and the number of shares used in these calculations was 1,316,324,120.

Notably, ENERGY’s stock price closed on October 15, 2026, at $1.00 with a corresponding P/E ratio of 12.40x.

Balance Sheet Highlights

Total assets stood at $3.34 billion, up 2% from $3.27 billion a year earlier and broadly flat on May 31, 2026. Notably, Cash and bank balances more than doubled to $31.03 million from $11.69 million a year earlier, and rose from $15.58 million at year-end. Inventories fell 11% year over year to $264.23 million but were up from $239.76 million in May. Receivables and prepayments closed at $236.09 million, 57% above a year earlier but down from $270.74 million at May 31.

Shareholders’ equity rose 10% year over year to $1.13 billion from $1.02 billion last year. This represents a book value per share of $0.86 (2025: $0.78).

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