November 13, 2026
Stationery and Office Supplies Limited (SOS)
Unaudited financials for the nine months ended September 30, 2026:
Stationery and Office Supplies Limited (SOS) for the nine months ended September 30, 2026, reported an 8% increase in Revenue totalling $1.60 billion compared to $1.49 billion in the corresponding period last year. Revenue for the third quarter increased by 18% to $595.29 million compared to $504.76 million for the comparable quarter of 2025. Management noted that third-quarter revenue was the highest in the company’s more than 60-year history. The quarter included three export containers to overseas distributors as well as the completion of projects that began earlier in the year.
Cost of Sales amounted to $704.74 million (2025: $681.84 million), representing a 3% increase year over year. Consequently, Gross Profit increased by 11% to $899.35 million compared to $808.15 million for the nine months ended September 30, 2025. Gross Profit for the third quarter amounted to $327.98 million, representing a 15% increase from $284.47 million reported for the corresponding quarter of 2025. Management noted that the gross margin for the quarter declined to 55% from 56%, as the company continued to absorb rising global shipping costs rather than pass them on to customers.
Other Income increased by 14% to $3.77 million from $3.29 million in 2025, while Administrative and General Expenses decreased by 3% to $487.79 million from $500.62 million in the prior year. Selling and Promotional Costs increased by 8% to $126.05 million compared to $117.08 million in 2025. Depreciation and Amortisation amounted to $50.27 million, representing a 49% increase relative to $33.80 million reported in 2025.
Operating Profit for the nine months amounted to $239.01 million, representing a 49% increase relative to $159.95 million reported in 2025. Operating Profit for the third quarter amounted to $91.78 million, a 48% increase compared to $62.07 million in the corresponding quarter of 2025.
Finance Income amounted to $9.79 million, representing a 5% increase from $9.36 million in the prior year, while Finance Costs increased by 54% to $3.48 million compared to $2.25 million in 2025. Foreign Exchange Gains declined by 17% to $6.49 million from $7.86 million in the prior year. The company also recorded a Gain on Disposal of Property, Plant and Equipment of $3.99 million, compared to $1.20 million in the corresponding period last year. No loss on investment was recorded, compared to a loss of $274,258 in 2025.
Profit Before Tax for the nine months ended September 30, 2026 amounted to $255.80 million, a 45% increase relative to $175.84 million reported in 2025. For the third quarter, Profit Before Tax amounted to $95.77 million, a 41% increase compared to $67.96 million in the corresponding quarter of 2025.
Income Tax Expense for the nine months amounted to $30.33 million, representing a 40% increase from $21.65 million in 2025. Consequently, Net Profit for the nine months amounted to $225.47 million, a 46% increase compared to $154.18 million in the prior year. For the third quarter, Net Profit amounted to $88.39 million, a 49% increase compared to $59.31 million in the corresponding quarter of 2025.
Consequently, Earnings Per Share for the nine months amounted to $0.10 compared to $0.07 in 2025, while Earnings Per Share for the third quarter amounted to $0.04 compared to $0.03 for the corresponding quarter of 2025. The twelve-month trailing EPS was approximately $0.09, based on 2,251,084,500 shares outstanding.
Notably, SOS’s stock price closed the trading period on November 12, 2026, at $1.62. Using the twelve-month trailing EPS of approximately $0.09, this represents a P/E ratio of approximately 17.89x.
Balance Sheet Highlights
The company’s Total Assets amounted to $2.34 billion at September 30, 2026, representing a 13% increase from $2.07 billion in 2025. The increase was mainly driven by Trade and Other Receivables, which rose to $295.95 million from $202.51 million, as well as Cash and Cash Equivalents, which increased to $462.84 million from $384.78 million. Property, Plant and Equipment also increased to $1.03 billion from $986.35 million, while Right-of-Use Assets rose to $52.26 million from $3.75 million. Management noted that the company began construction during the quarter on a new 6,000 sq. ft. warehouse at 5 West Arcadia Avenue, Kingston 5, and added two delivery vehicles to its fleet. These increases were partly offset by Inventories, which declined to $386.00 million from $407.99 million.
Shareholders’ Equity increased to $1.82 billion from $1.66 billion in 2025, representing a book value per share of approximately $0.81 compared to $0.74 in the prior year.
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