GlobalView Capital Limited

NASCON’s Q1 2026 results:

Revenue dropped by about 6%, which means the company sold less than it did last year. Normally, that’s not a good sign.

But here’s the twist:

Profit grew significantly.

Profit before tax jumped by about 32%, and profit after tax increased by around 30%. That means even though sales fell, the company managed its costs much better and kept more money from what it earned. In simple terms, they became more efficient.

Earnings per share also rose strongly from 1,122 kobo to 1,463 kobo, which is a big win for shareholders.

From an investment perspective:

* The stock looks relatively affordable. A Price-to-Earnings ratio of about 14.5x
* Earnings yield is solid at around 6.9%, suggesting better value for investors.

Bottom line:
NASCON is becoming more efficient—making more profit even with lower sales. That’s a strong sign operationally. The key thing to watch is whether revenue growth returns, because long-term strength usually needs both sales and profit moving up together.