LASCO Manufacturing Limited (LASM)

Audited financials for the twelve months ended March 31, 2026:

LASCO Manufacturing Limited (LASM) for the twelve months ended March 31, 2026, reported a 2% increase in Revenue totaling $12.69 billion compared to $12.42 billion in the corresponding period last year.

Cost of sales amounted to $7.85 billion (2025: $7.76 billion), representing a 1% increase year over year. Consequently, gross profit increased by 4% to $4.83 billion compared to $4.66 billion for the twelve months ended March 31, 2025.

Other operating income increased by 12% to close at $404.98 million (2025: $362.09 million), while operating expenses increased marginally by 1% from $1.70 billion in 2025 to $1.71 billion in the period under review.

As a result, operating profits for the twelve months ended March 31, 2026, amounted to $3.53 billion, a 6% increase relative to $3.32 billion reported in 2025.

Finance Cost for the twelve months ended March 31, 2026, amounted to $51.02 million, representing a 1,895% increase relative to $2.56 million reported in 2025.  As a result, Profit before Tax totaled $3.48 billion, representing a 5% increase from the $3.32 billion reported in the corresponding period last year.

The tax charge incurred for the twelve months ended March 31, 2026, amounted to $710.78 million, a 5% decrease relative to $747.61 million reported in 2025.

Net Profit for the twelve months ended March 31, 2026, increased by 8% to reach $2.76 billion (2025: $2.57 billion).  Unrealized losses on financial instruments for the twelve months amounted to $70.95 million, representing a 91% increase from $37.10 million reported in 2025.

Total comprehensive income for the twelve months ended March 31, 2026, amounted to $2.69 billion, a 6% increase relative to $2.53 billion reported in 2025.

Consequently, Earnings Per Share for the twelve months amounted to $0.67 (2025: EPS: $0.62). The number of shares used in these calculations was 4,147,913,151.

Notably, LASM’s stock price closed the trading period at $6.35, with a corresponding P/E ratio of 9.53x.

Balance Sheet Highlights

The company’s assets totaled approximately $21.32 billion (2025: $18.48 billion), representing an 15% increase year over year. This growth was mainly attributable to a 39% increase in ‘Receivables’ to $3.86 billion (2025: $2.77 billion) and a 19% increase in ‘Short term investments’ to $5.11 billion (2025: $4.29 billion). Additionally, Inventories increased by 7% to $2.78 billion (2025: $2.59 billion).

Shareholders’ equity was $16.87 billion (2025: $14.94 billion), representing a 13% increase, resulting in a book value per share of approximately $4.07 (2025: $3.61).

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