Clydestone Ghana PLC reported unaudited revenue of GH¢20.87 million for H1 2025, an 88% surge from GH¢11.08 million in the same period last year.
The growth stemmed from expanded business development initiatives but coincided with declining profitability, as gross margins fell to 26.40% (2024: 39.95%) and operating margins dropped to 10.34% (2024: 24.16%).
Profit after tax decreased to GH¢1.09 million, down 43% year-on-year. According to the financial statements, margin compression resulted from strategic investments in engineering talent and operational efficiency programs.
These expenditures aim to strengthen long-term service capacity but impacted short-term earnings.
The company’s balance sheet reflects significant capital allocation, with property and equipment rising to GH¢1.79 million (2024: GH¢1.06 million).
Cash reserves remained robust at GH¢9.02 million, though trade receivables climbed to GH¢3.05 million. Total liabilities stood at GH¢10.78 million, primarily from current obligations.
Operating cash flow stayed positive at GH¢2.49 million despite GH¢977,237 deployed for equipment upgrades.
Earnings per share fell to GH¢0.0322 from GH¢0.0560 in H1 2024. Retained earnings grew to GH¢5.39 million, with no dividends declared.
