July 31, 2026
Knutsford Express Services Limited (KEX)
Audited financials for the twelve months ended May 31, 2026:
Knutsford Express Services Limited (KEX) for the twelve months ended May 31, 2026, reported a 4% decrease in Revenue totaling $1.98 billion compared to $2.07 billion in the corresponding period last year.
Administrative and General Expenses amounted to $1.92 billion (2025: $1.88 billion), this represents an increase of 2% year over year. Consequently, gross profit decreased by 71% to $56.27 million compared to $192.08 million for the twelve months ended May 31, 2025.
Other income increased by 4% amounting to $143.15 million (2025: $138.05 million). Consequently, Operating profit decreased by 40% to $199.43 million (2025: $330.13 million).
Finance Income decreased by 19% to close at $18.34 million (2025: $22.52 million), while Finance costs decreased by 7% from $62.92 million in 2025 to $58.46 million in the period under review. As a result, profit before taxation for the twelve months ended May 31, 2026, amounted to $159.31 million, a 45% decrease relative to $289.72 million reported in 2025.
The tax charge incurred for the twelve months ended May 31, 2026, amounted to $34.75 million, a 34% decrease relative to $52.77 million reported in 2025. As a result, Net Profit amounted to $124.56 million, a 47% decrease from the corresponding period last year (2025: $236.95 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.25 (2025: EPS: $0.47), while Earnings Per Share for the quarter totaled $0.09 (2025: EPS: $0.14). The twelve-month trailing EPS was $0.25 and the number of shares used in these calculations was 500,000,015.
Notably, KEX’s stock price closed the trading period on July 30, 2026 at a price of $6.48 with a corresponding P/E ratio of 26.01x.
Balance Sheet Highlights
The company’s assets totaled $2.47 billion (2025: $2.17 billion). The movement in total assets was mainly attributable to a 20% increase in “Investment properties” amounting to $813.39 million (2025: $680.49 million) and a $156.14 million increase in “Property, plant and equipment” amounting to $946.42 million (2025: $790.28 million).
Shareholder’s equity was $1.57 billion (2025: $1.47 billion), representing a book value per share of $3.14 (2025: $2.94).
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