October 9, 2025

Express Catering Limited (ECL)
Unaudited Financials for the First Quarter Ended August 31, 2025

All figures are stated in USD unless otherwise indicated

Express Catering Limited (ECL) reported a 5% increase in revenue for the first quarter ended August 31, 2025, totaling $6.79 million compared to $6.48 million in the corresponding three months of 2024.

Cost of Sales amounted to $1.74 million (2024: $1.94 million), representing a 10% year-over-year decrease. Consequently, gross profit increased by 11% to $5.05 million compared to $4.54 million for the first quarter ended August 31, 2024.

Depreciation and amortization decreased by 2%, closing at $926,467 (2024: $941,539), while Administrative Expenses increased by 7% from $1.85 million in 2024 to $1.99 million for the three months. As a result, Total Expenses for the first quarter amounted to $2.92 million, a 1% increase relative to $2.90 million reported in 2024.

Operating Profit for the three months was $2.13 million; a 30% increase compared to $1.64 million reported in 2024. Finance Costs totaled $626,510, a 2% decrease from the corresponding period last year (2024: $640,974).

Foreign Exchange Gain for the quarter amounted to $3,038, a 61% decline relative to $7,693 reported in 2024 and there was no taxation reported for the period.

Net Profit for the three months increased by 50% to $1.51 million (2024: $1.01 million). Consequently, Earnings Per Share (EPS) for the three months amounted to $0.092 (2024: $0.062). The twelve-month trailing EPS was $0.26, based on 1,637,500,000 shares outstanding.

Notably, ECL’s stock price closed the trading period on October 8, 2025, at $2.66, reflecting a P/E ratio of 6.35x.

Balance Sheet Highlights

The company’s assets totaled $58.65 million (2024: $56.02 million). This increase was driven by growth in other intangible assets, which amounted to $8.92 million (2024: $3.56 million).

Shareholders’ equity was $11.72 million (2024: $7.96 million), representing a book value per share of $1.15 (2024: $0.77).

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