Inovest announced its financial results for the third quarter of 2025, showing a consolidated net income attributable to the parent shareholders of $340,000 in comparison to a net loss attributable to the parent shareholders of $6.027 million for the same quarter of 2024.
Accordingly, the basic earnings per share for the third quarter of 2025 increased to 0.11 cents as compared to a loss of 1.99 cents for the same period in 2024.
The profits are mainly attributed to the company’s approach of exiting non-core sectors, primarily the contracting sector.
The net operating income stood at $302,000 in the third quarter of this year in comparison to net loss of $5.955m for the third quarter of 2024. The consolidated operating income increased to $1.926m in comparison to a loss of $4.2m; whilst the group’s operating expenses were reduced by 7pc to $1.624m in the third quarter of 2025 from $1.755m for the same period of 2024.
Inovest’s financial results for the nine months of 2025 show a consolidated net loss attributable to parent shareholders of $724,000, as compared to net loss of $7.696m for the same period last year.
The basic and diluted earnings per share of the parent company in the first nine months of 2025 amounted to a loss of 0.24 cents as compared to loss of 2.54 cents in 2024.
This is primarily attributed to losses incurred at the contracting arm level in 2024, as mentioned above.
Within the nine months of 2025, the consolidated net operating loss decreased to $1.184m from net loss of $7.316m for the same period of 2024 due to the reasons mentioned above.
Furthermore, the consolidated operating income for the nine months of 2025 increased to $4.081m in comparison to a loss of $1.428m for the same period last year.
Regarding the group’s key balance sheet indicators, the equity attributable to parent shareholders stood at $135.375m at the end of the nine months of the current year, in comparison to $136.099m at the end of 2024, a decrease of 0.5pc.
Within the same period the consolidated total assets reported a slight decrease by 3pc to $219.763m, in comparison to $227.427m at the end of 2024.
On the liquidity front, the cash and bank balances stood at 5pc of total consolidated assets, in comparison to 5pc last year. To that end, the cash and bank balances stood at $10.465m, in comparison to $10.658m for the end of 2024, representing a 2pc decline.
&uuid=(email))