August 15, 2025

Barita Investments Limited (BIL)

Unaudited financials for the nine months ended June 30, 2025:

Barita Investments Limited (BIL) for the nine months ended June 30, 2025, reported a 1% increase in Net Interest Income totaling $485.05 million compared to $478.83 million in the corresponding period last year. Net Interest Income for the third quarter had a 46% decrease to close at $103.24 million compared to $192.69 million for the comparable quarter of 2024.

• Fees and Commission Income for the nine months ended June 30, 2025, amounted to $3.03 billion (2024: $2.88 billion).
• Foreign Exchange Trading and Translation Gains for the nine months amounted to $346.64 million (2024: $312.56 million).
• Gain on Sale of Investments for the nine months ended June 30, 2025, amounted to $2.29 billion (2024: $3.22 billion).
• Other income for the nine months amounted to $118.38 million (2024: $143.85 million).

Consequently, Net Operating Revenue for the nine months ended June 30, 2025, amounted to $6.27 billion (2024: $7.04 billion). For the third quarter, Net Operating revenue increased by 30% from $2.06 billion in 2024 to $2.67 billion in 2025.

Staff Costs decreased by 7% to close at $1.19 billion (2024: $1.27 billion), while Admin expenses decreased by 1% from $2.06 billion in 2024 to $2.05 billion in the period under review. As a result, total expenses for the nine months ended June 30, 2025, amounted to $3.22 billion, a 1% increase relative to $3.19 billion reported in 2024.

Operating profit for the nine months ended June 30, 2025, amounted to $3.05 billion, a 21% decrease relative to $3.85 billion reported in 2024. Operating profit for the third quarter amounted to $1.41 billion (2024: $1.19 billion).

Share of results in associated company totalled $130.27 million loss,  a 304% decrease from the corresponding period last year. (2024: Gain of $63.84 million)

Profit Before Taxation for the nine months ended June 30, 2025, amounted to $2.92 billion, a 25% decrease relative to $3.91 billion reported in 2024. Profit Before Taxation for the third quarter amounted to $1.42 billion (2024: $1.20 billion).

Taxation for the nine months ended June 30, 2025, had a 35% increase to reach $670.12 million (2024: $1.02 billion). As such, Net Profit for the nine months amounted to $2.25 billion, a 22% decrease from the $2.89 billion reported in 2024. For the third quarter, Net Profit was $1.07 billion (2024: $980.50 million).

Consequently, Earnings Per Share for the nine months amounted to $1.84 (2024: EPS: $2.36), while Earnings Per Share for the quarter totaled $0.87 (2024: EPS: $0.80). The twelve-month trailing EPS was $2.60, and the number of shares used in these calculations was 1,220,388,243.

Notably, BIL’s stock price closed the trading period on August 14, 2025, at a price of $70.01 with a corresponding P/E ratio of 26.91x.

Balance Sheet Highlights

The company’s assets totalled $149.72 billion (2024: $135.01 billion). The growth in total assets was mainly due to increases by the following during the period: Pledged Assets ($9.82 billion) and Investment Securities ($6.04 billion). However, Loans declined by $5.75 billion to partly offset the growth.

Shareholder’s equity was $37.54 billion (2024: $36.19 billion), representing a book value per share of $30.76 (2024: $29.65).

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