March 17, 2026
Lumber Depot Limited (LUMBER)
Unaudited financials for the nine months ended January 31, 2026:
Lumber Depot Limited (LUMBER) for the nine months ended January 31, 2026, reported a 4% increase in revenue totaling $1.19 billion compared to $1.13 billion in the corresponding period last year. Revenue for the third quarter had an 11% increase to close at $412.75 million compared to $372.29 million for the comparable quarter of 2025.
Cost of sales amounted to $910.59 million (2025: $880.62 million), representing a 3% increase year over year. Consequently, gross profit increased by 8% to $274.63 million compared to $254.33 million for the nine months ended January 31, 2025. The company booked gross profit of $97.19 million for the third quarter versus $78.71 million reported for the similar quarter of 2025.
Impairment gains on trade receivables increased significantly to $2.98 million (2025: $77,362), while administrative and other expenses increased by 5% from $152.99 million in 2025 to $161.25 million in the period under review. As a result, profit from operations for the nine months ended January 31, 2026, amounted to $116.58 million, a 15% increase relative to $101.40 million reported in 2025. For the third quarter, profit from operations totaled $40.81 million, representing a 56% increase compared to $26.15 million reported in the corresponding quarter of 2025.
Other income for the nine months ended January 31, 2026, amounted to $9.85 million, an 80% increase relative to $5.48 million reported in 2025. Other income for the third quarter amounted to $6.25 million (2025: $1.71 million). Profit before net finance costs and taxation totaled $126.42 million, an 18% increase from the corresponding period last year (2025: $106.88 million). For the third quarter, profit before net finance costs and taxation amounted to $47.06 million, representing a 69% increase compared to $27.85 million reported in the corresponding quarter of 2025.
Net finance costs for the nine months ended January 31, 2026, amounted to $7.34 million, compared to net finance income of $2.11 million reported in 2025. Net finance costs for the third quarter amounted to $6.76 million (2025: net finance income of $0.71 million).
Profit before taxation for the nine months ended January 31, 2026, increased by 9% to $119.09 million (2025: $108.99 million). For the third quarter, profit before taxation amounted to $40.30 million, representing a 41% increase compared to $28.56 million reported in the corresponding quarter of 2025. Profit attributable to shareholders for the period for the nine months amounted to $104.20 million, a 2% decrease from the $106.65 million reported in 2025. For the third quarter, profit attributable to shareholders amounted to $35.26 million (2025: $26.23 million).
Consequently, earnings per share for the nine months amounted to $0.15 (2025: $0.15), while earnings per share for the quarter totaled $0.05 (2025: $0.04). The twelve-month trailing EPS was $0.19, and the number of shares used in these calculations was 706,237,500.
Notably, LUMBER’s stock price closed the trading period on March 16, 2026, at a price of $2.47 with a corresponding P/E ratio of 13.07x.
Balance Sheet Highlights
The company’s assets totaled $1.22 billion (2025: $929.28 million). This increase was attributable to property, plant and equipment which amounted to $375.28 million (2025: $171.17 million).
Shareholders’ equity was $875.76 million (2025: $736.44 million), representing a book value per share of $1.24 (2025: $1.04).
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