May 12, 2025

OMNI INDUSTRIES LIMITED (OMNI)

Unaudited financials for the first quarter ended March 31, 2025:

OMNI INDUSTRIES LIMITED (OMNI) for the first quarter ended March 31, 2025, reported a 22% decrease in revenue totaling $470.77 million compared to $606.01 million in the corresponding three months last year.

Year to date, Cost of Sales amounted to $289.29 million (2024: $323.80 million), this represents a decrease of 11% year over year. Consequently, gross profit decreased by 36% to $181.48 million compared to $282.21 million for the first quarter ended March 31, 2024.

Other Income increased by 1027% to close at $7.22 million (2024: $640,419), while administrative expenses decreased by 23% from $77.55 million in 2024 to $59.65 million for the three months. Additionally, Factory expenses to $58.11 million, a 19% increase relative to $48.77 million reported in 2024, while selling expenses decreased by 23% amounting to $33.89 million (2024: $44.08 million).

Operating Profit for the three months amounted to $37.05 million, a 67% decrease compared to $112.45 million reported in 2024. Net finance costs totaled $6.42 million, a 32% decrease from the corresponding period last year. (2024: $9.51 million).

Profit before Taxation for the first quarter ended March 31, 2025, amounted to $30.63 million, a 70% decrease relative to $102.94 million reported in 2024.

No tax charge was incurred in the first quarter (2024: $25.74 million). As a result, Net Profit for the three months amounted to $30.63 million, a 60% decrease from the $77.21 million reported in 2024.

Consequently, Earnings Per Share for the three months amounted to $0.01 (2024: EPS: $0.03). The twelve-month trailing EPS was $0.03, and the number of shares used in these calculations was 2,500,000,000. Notably, OMNI’s stock price closed the trading period on May 09, 2025, at a price of $0.87 with a corresponding P/E ratio of 27.18x.

Balance Sheet Highlights

The company’s assets totaled $1.56 billion (2024: $1.54 billion). The rise in total assets was primarily attributable to a 27% increase in “Inventories” amounting to $701.42 million (2024: $550.96 million), partly offset by a 23% decline in “Receivables” amounting to $344.66 million (2024: $445.87 million). Additional, “Cash and Cash Equivalents decreased by 51% amounting to $35.92 million (2024: $73.45 million).

Shareholder’s equity was $957.66 million (2024: $651.63 million), representing a book value per share of $0.38 (2024: $0.26).

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