Cargo Handlers Limited (CHL)
Unaudited financials for the nine months ended June 30, 2026:

Cargo Handlers Limited (CHL) for the nine months ended June 30, 2026 reported a 1% decrease in Revenue totalling $353.89 million compared to $357.57 million in the corresponding period last year. Revenue for the third quarter increased by 20% to $140.76 million compared to $117.32 million for the comparable quarter of 2025.

Cost of Sales amounted to $3.69 million (2025: $3.69 million), remaining broadly unchanged year over year. Consequently, Gross Profit decreased by 1% to $350.20 million compared to $353.89 million for the nine months ended June 30, 2025. Gross Profit for the third quarter amounted to $140.38 million, representing a 20% increase from $116.97 million reported for the corresponding quarter of 2025.

Administrative Expenses increased by 8% to $38.73 million from $35.70 million in 2025, while Other Operating Expenses increased by 14% to $217.48 million from $190.55 million in the prior year. As a result, Total Operating Expenses amounted to $256.21 million, representing a 13% increase relative to $226.25 million reported in 2025.

Operating Profit for the nine months ended June 30, 2026 amounted to $93.99 million, representing a 26% decrease from $127.64 million reported in 2025. For the third quarter, Operating Profit increased marginally to $44.19 million, compared to $43.29 million in the corresponding quarter of 2025. Management noted that second-quarter performance was supported by higher cargo volumes, including activity related to the NWC’s Western Water Resilience Improvement Project, increased cement tonnage, and limited containerised transshipment services.

Interest Income increased by 4% to $21.51 million from $20.70 million in 2025, while Finance Costs declined to $28,285 from $2.08 million in the prior year. The company recorded an Exchange Loss of $477,300, compared to an Exchange Gain of $4.54 million in 2025. Other Income decreased to $3.02 million from $6.10 million, while Share of Profit of Associates declined by 10% to $99.18 million from $110.70 million.

Profit Before Taxation for the nine months ended June 30, 2026 amounted to $217.20 million, representing a 19% decrease from $267.60 million reported in 2025. For the third quarter, Profit Before Taxation amounted to $103.41 million, broadly in line with $102.61 million reported in the corresponding quarter of 2025.

Taxation decreased by 35% to $30.99 million compared to $47.63 million in 2025. Consequently, Net Profit, being Total Comprehensive Income for the period, declined by 15% to $186.20 million compared to $219.97 million in the prior year. For the third quarter, Net Profit amounted to $90.07 million, compared to $88.66 million in the corresponding quarter of 2025.

Consequently, Earnings Per Share for the nine months amounted to $0.50 compared to $0.59 in 2025, while Earnings Per Share for the third quarter amounted to $0.24 compared to $0.24 for the corresponding quarter of 2025. The twelve-month trailing EPS was approximately $0.70, and the number of stock units used in these calculations was 374,658,300.

Notably, CHL’s stock price closed the trading period on August 13, 2026 at $17.02. Using the twelve-month trailing EPS of approximately $0.70, this represents a P/E ratio of approximately 24.42x.

Balance Sheet Highlights

The company’s Total Assets amounted to $1.63 billion at June 30, 2026, representing a 12% increase from $1.45 billion in 2025. The increase was mainly driven by higher Short-Term Deposits, which rose to $713.41 million from $566.15 million, as well as Investment in Associate, which increased to $644.14 million from $498.75 million. Receivables also increased to $68.32 million from $52.78 million.

Shareholders’ Equity increased to $1.54 billion from $1.34 billion in 2025, representing a book value per share of approximately $4.12 compared to $3.58 in the prior year.