Insimbi's earnings plunge despite revenue decline

Insimbi Industrial Holdings (JSE:ISBE) announced its audited financial results for the year ended February 28, 2025, revealing a challenging period marked by a decline in revenue and a significant swing to a net loss. Revenue decreased by 11% to ZAR4 984 574 000 from ZAR5 590 294 000 in the prior year. The Group reported a net loss of ZAR110 545 000, a stark contrast to the profit of ZAR42 876 000 in 2024. This translated to a loss per share of (32.37) cents, compared to earnings per share of 11.86 cents in the previous year.