ASBISc Enterprises (ASB) Q1 2026 earnings summary

Executive summary

• Achieved record revenues and profits in Q1 2026, with revenue reaching $1,269 million and net income up 397% to $36.3 million.

• Earnings per share rose to $0.66 from $0.13 year-over-year.

• Total comprehensive income for the period was $35.1M, compared to $10.5M in Q1 2025.

Financial highlights

• Revenue: $1,268.5M in Q1 2026 vs $736.4M in Q1 2025 (+72% YoY).

• Gross profit: $109.4M (+112% YoY); net income: $36.3M (+397% YoY).

• Gross margin: 8.62% (up 1.62 ppt YoY); net margin: 2.86% (up 1.87 ppt YoY).

• Operating profit rose to $54.5M from $16.4M in Q1 2025.

• Cash from operations was slightly negative at -$20.3M, improved from -$58.7M last year.

Outlook and guidance

• Aims for positive cash from operating activities for full year 2026.

• Revenue and profitability are typically lower in the first half due to seasonality, with stronger performance expected in the second half.

• Plans to continue hefty dividend payments, maintaining a strong shareholder return policy.