March 04, 2024,

CAC 2000 Limited (CAC)
Audited financials for the twelve months ended October 31, 2024:
CAC 2000 Limited (CAC) for the twelve months ended October 31, 2024, reported a 46% increase in Turnover totaling $1.20 billion compared to $823.04 million in the corresponding period last year. Turnover for the fourth quarter had a 143% increase to close at $450.06 million compared to $185.28 million for the comparable quarter of 2023.
Cost of Sales amounted to $777.22 million (2023: $547.20 million), this represents an increase of 42% year over year. Consequently, gross profit increased by 54% to $425.66 million compared to $275.84 million for the twelve months ending October 31, 2023. The company booked gross profit of $170.39 million for the fourth quarter versus $40.64 million reported for the similar quarter of 2023.
Selling & Distribution increased by 9% to close at $18.30 million (2023: $16.72 million), while General Administration increase by 4% from $319.55 million in 2023 to $333.83 million in the period under review. As a result, total expenses for the twelve months ended October 31, 2024, amounted to $352.13 million, a 5% increase relative to $336.28 million reported in 2023.
Operating Profit for the twelve months ended October 31, 2024, amounted to $76.99 million, a 226% increase relative to loss of $61.02 million reported in 2023. Operating Profit for the fourth quarter amounted to $77.23 million (2023: loss of $41.07 million). Net Finance Cost totaled $51.75 million a 1% increase from the corresponding period last year. (2023: $51.49 million).
Profit Before Taxation for the twelve months ended October 31, 2024, amounted to $25.24 million, a 122% increase relative to a loss of $112.50 million reported in 2023. Profit Before Taxation for the fourth quarter amounted to $63.69 million (2023: loss before taxation of $37.04 million).
Taxation for the twelve months ending October 31, 2024 amounted to $2.98 million (2023: tax credit of $14.27 million). Net Income for the twelve months amounted to $22.26 million, a 123% increase from the net loss of $98.23 million reported in 2023. For the fourth quarter, Net Income was $63.99 million (2023: loss of $27.51 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.17 (2023: LPS: $0.76), while Earnings Per Share for the quarter totaled $0.50 (2023: LPS: $0.21). The number of shares used in these calculations was 129,032,258.
Notably, CAC’s stock price closed the trading period on March 03, 2025, at a price of $1.98 with a corresponding P/E ratio of 11.48x.

Balance Sheet Highlights
The company’s assets totalled $1.36 billion (2023: $1.32 billion). The overall asset growth is driven by a rise in “Trade and Other Receivables,” which closed at $702.81 million (up from $492.09 million in 2023), and an increase in “Short term Investments,” ending at $6.32 million (compared to $4.09 million in 2023).

Shareholders’ equity was $364.83 million (2023: $342.57 million), representing a book value per share of $2.83 (2023: $2.65).

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