March 2, 2026
Sterling Investments Limited (SIL)
Audited financials for the year ended December 31, 2025:
Sterling Investments Limited (SIL) for the year ended December 31, 2025, reported a 4% increase in Interest Income totaling $134.03 million compared to $128.57 million in the corresponding period last year. Interest Income for the fourth quarter had an 8% increase to close at $34.11 million compared to $31.68 million for the comparable quarter of 2024.
Foreign exchange gains amounted to $35.64 million (2024: $10.62 million), this represents an increase of 235% year over year. Consequently, total revenue increased by 23% to $181.00 million compared to $147.01 million for the year ended December 31, 2024. The company booked total revenue of $21.42 million for the fourth quarter versus $7.30 million reported for the similar quarter of 2024.
Interest expense decreased by 42% to close at $15.41 million (2024: $26.68 million), while Other Operating expenses increased by 4% from $57.15 million in 2024 to $59.29 million in the period under review. Also, Impairment credit on financial instruments amounted to $6.65 million in 2025, relative to impairment loss on financial instruments of $5.92 million 2024.
Operating Profit for the year ended December 31, 2025, amounted to $115.98 million, an 87% increase relative to $62.01 million reported in 2024. Operating Profit for the fourth quarter amounted to $16.06 million (2024: Operating loss of $9.76 million).
Other Income totalled $86,758 a 206% increase from the corresponding period last year. (2024: Loss of $82,158).
Pretax Profit for the year ended December 31, 2025, amounted to $116.06 million, an 87% increase relative to $61.93 million reported in 2024. Pretax Profit for the fourth quarter amounted to $16.07 million (2024: Pre-tax loss of $9.88 million).
No taxes were reported. As such, Net Profit for the year amounted to $116.06 million, an 87% increase from the $61.93 million reported in 2024. For the fourth quarter, Net Profit was $16.07 million (2024: Net loss of $9.88 million).
Consequently, Earnings Per Share for the year amounted to $0.27 (2024: EPS: $0.14), while Earnings Per Share for the quarter totaled $0.04 (2024: LPS: $0.02). The twelve-month trailing EPS was $0.27, and the number of shares used in these calculations was 436,815,712.
Notably, SIL’s stock price closed the trading period on February 27, 2026, at a price of $3.10 with a corresponding P/E ratio of 11.67x.
Balance Sheet Highlights
The company’s assets totalled $1.96 billion (2024: $1.83 billion). The growth in total assets was primarily driven by a $136.23 million or 8% increase in ‘Investment Securities’ to close the period at $1.83 billion.
Shareholder’s equity was $1.64 billion (2024: $1.49 billion), representing a book value per share of $3.76 (2024: $3.40).
DISCLAIMER
Analyst Certification – This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
