BH Leasing Releases Interim Financial Statements for the First Half of 2025
BH Leasing has published its interim financial statements as of June 30, 2025. The first half of the year was marked by an 11.0% decline in net income to 8,300 MTND, primarily due to a significant decrease in investment products, which stood at 0.270 MTND (compared to 1,589 MTND for the same period in 2024).
Key Financial Highlights
- The cost of risk remained under control, amounting to 1,459 MTND.
- Classified claims reached 43,096 MTND, representing a rate of 12.77%.
- The coverage ratio of these doubtful assets by provisions and reserved interest stands at 50.6%.
- Operating income was 1,172 MTND, compared to 2,683 MTND a year earlier.
- Net income was 0,705 MTND.
Outlook and Investment Opportunities
Despite this decline, the company appears to be on track to close the 2025 fiscal year on a profitable note. Investors may therefore expect a return to dividend distribution as early as next year, especially since the release of reserves for tax-exempt reinvestment has allowed the company to absorb all cumulative losses since the last General Meeting of Shareholders. For reference, BH Leasing has not distributed dividends since 2018 (for the 2017 fiscal year).
Market Performance
On the stock market, the title has already shown remarkable performance, with an annual return of 19.8% since the beginning of the year, despite a relatively modest trading volume. This makes it an interesting opportunity for savvy savers looking for value in the medium term.
