Marshall Monteagle PLC: Earnings plunge expected for fiscal year

Marshall Monteagle PLC (JSE:MMP) has issued a trading statement advising shareholders of an expected substantial decrease in earnings for the financial year ended March 31, 2025. The company anticipates headline earnings per share to be US$2.20 cents, a 62% decrease compared to the US$5.8 cents reported for the year ended March 31, 2024. Furthermore, earnings per share are projected to be US$1.0 cents, reflecting a 93% decline from the US$14.6 cents reported in the prior year. The expected decreases are attributed to fair value adjustments within the Investment Portfolio and the revaluation of commercial properties located in South Africa. The company's summarised audited results are expected to be released on or around June 27, 2025.