May 15, 2026
Cabrokers Limited (CABROKERS)
Unaudited financials for the first quarter ended March 31, 2026:
Cabrokers Limited (CABROKERS) for the first quarter ended March 31, 2026, reported a 4% decrease in revenue totaling $109.50 million compared to $114.20 million in the corresponding three months last year.
Other Operating Income amounted to $28.60 million (2025: $15.42 million), this represents an increase of 86% year over year. Consequently, total operating income increased by 7% to $138.10 million compared to $129.62 million for the first quarter ended March 31, 2025.
Year to date, Administrative and other expenses increased by 16% to close at $105.66 million (2025: $91.34 million), while selling expenses increased by 57% from $34.77 million in 2025 to $54.43 million for the three months. As a result, Total operating expenses for the first quarter amounted to $160.09 million, a 27% increase relative to $126.11 million reported in 2025.
Operating Loss for the three months amounted to $21.99 million, a negative reversal relative to Operating profit of $3.51 million reported in 2025. Finance Costs totaled $5.29 million, a 191% increase from the corresponding period last year (2025: $1.82 million).
Pretax Loss for the first quarter ended March 31, 2026, amounted to $27.29 million, a negative reversal relative to Pretax profit of $1.69 million reported in 2025.
No tax charge was incurred in the period under review (2025: nil). As a result, Net Loss for the three months amounted to $27.29 million, a negative turnaround from the Net Profit of $1.69 million reported in 2025.
Consequently, Loss Per Share for the three months amounted to $0.10 (2025: EPS: $0.01). The twelve-month trailing LPS was $0.27, and the number of shares used in these calculations was 262,500,000. Notably, CABROKERS’s stock price closed the trading period on May 14, 2026, at a price of $1.40.
Balance Sheet Highlights
The company’s assets totaled $1.01 billion (2025: $1.07 billion). The movement in total assets was primarily attributable to a $118.36 million decline in ‘Receivables’ amounting to $367.03 million (2025: $485.39 million), partly offset by a $83.97 million increase in ‘Cash and bank balances’ amounting to $281.21 million (2025: $197.24 million).
Shareholders’ equity was $355.02 million (2025: $445.78 million), representing a book value per share of $1.35 (2025: $1.70).
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