Stanley Motta Limited (SML)

Unaudited financials for the first quarter ended March 31, 2026:

Stanley Motta Limited (SML) for the first quarter ended March 31, 2026, reported a 45% increase in revenue, totaling $236.99 million compared to $163.40 million in the corresponding three months last year.

Year-to-date, Other operating income increased by 187% to $942,000 compared to $328,000 for the first quarter ended March 31, 2025, while administrative expenses declined by 12% to close at $49.58 million (2025: $56.37 million).

Consequently, Operating Profit increased by 75% from $107.35 million in 2025 to $188.36 million for the three months.  Finance Costs for the first quarter amounted to $41.80 million, a 217% increase relative to $13.19 million reported in 2025.

Profit before taxation for the three months amounted to $146.56 million, a 56% increase relative to $94.16 million reported in 2025.  The tax charge incurred totaled $1.14 million, representing a 68% decrease from the corresponding period last year (2025: $3.50 million).

As a result, Net profit for the first quarter ended March 31, 2026, increased by 60% to $145.43 million, compared to $90.66 million reported in 2025.

Currency translation losses on foreign subsidiaries amounted to $13.87 million, compared to a gain of $28,000 in the prior year. Consequently, Total Comprehensive Income for the three months amounted to $131.56 million, a 45% increase relative to $90.69 million reported in 2025.

Consequently, Earnings Per Share for the three months amounted to $0.19 (2025: EPS: $0.12). The twelve-month trailing EPS was $2.75, and the number of shares used in these calculations was 757,828,490.

Notably, SML’s stock price as at June 1, 2026, was $7.00, with a corresponding P/E ratio of approximately 2.54x.

Balance Sheet Highlights

The company’s assets totaled $14.23 billion (March 2025: $11.53 billion), representing a 23% increase year over year.  This growth was primarily driven by a 20% increase in Investment Properties to $13.57 billion (2025: $11.28 billion).

Shareholders’ equity stood at $10.73 billion (2025: $8.71 billion), representing a 23% increase year over year.  This translated to a book value per share of $14.15 (2025: $11.49).

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