Reported Earnings • May 20
Full year 2025 earnings released: EPS: GH₵0.014 (vs GH₵0.12 in FY 2024) Full year 2025 results: EPS: GH₵0.014 (down from GH₵0.12 in FY 2024). Revenue: GH₵23.6m (down 1.2% from FY 2024). Net income: GH₵464.0k (down 88% from FY 2024). Profit margin: 2.0% (down from 17% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 305% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • May 14
Clydestone Ghana PLC, Annual General Meeting, May 28, 2025 Clydestone Ghana PLC, Annual General Meeting, May 28, 2025. Reported Earnings • Nov 02
Third quarter 2024 earnings released: GH₵0.021 loss per share (vs GH₵0.003 loss in 3Q 2023) Third quarter 2024 results: GH₵0.021 loss per share (further deteriorated from GH₵0.003 loss in 3Q 2023). Revenue: GH₵747.9k (down 72% from 3Q 2023). Net loss: GH₵728.2k (loss widened GH₵640.2k from 3Q 2023). Board Change • Oct 11
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: GH₵0.053 (vs GH₵0.007 loss in 2Q 2023) Second quarter 2024 results: EPS: GH₵0.053 (up from GH₵0.007 loss in 2Q 2023). Revenue: GH₵9.22m (up GH₵8.70m from 2Q 2023). Net income: GH₵1.80m (up GH₵1.93m from 2Q 2023). Profit margin: 20% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: GH₵0.003 (vs GH₵0.013 in 1Q 2023) First quarter 2024 results: EPS: GH₵0.003 (down from GH₵0.013 in 1Q 2023). Revenue: GH₵1.86m (down 32% from 1Q 2023). Net income: GH₵108.8k (down 58% from 1Q 2023). Profit margin: 5.8% (down from 9.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Apr 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: GH₵0.002 (vs GH₵0.017 in FY 2022) Full year 2023 results: EPS: GH₵0.002 (down from GH₵0.017 in FY 2022). Revenue: GH₵7.29m (down 9.3% from FY 2022). Net income: GH₵31.3k (down 91% from FY 2022). Profit margin: 0.4% (down from 4.3% in FY 2022). The decrease in margin was driven by lower revenue. Board Change • Jan 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 60% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (60% accrual ratio). Revenue is less than US$1m (GH₵8.0m revenue, or US$730k). Market cap is less than US$10m (GH₵1.02m market cap, or US$92.7k). Board Change • Jun 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 09
Clydestone Ghana Limited, Annual General Meeting, Sep 27, 2022 Clydestone Ghana Limited, Annual General Meeting, Sep 27, 2022, at 11:30 Coordinated Universal Time. Board Change • Aug 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Kwabena Poku was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Director Robert Alloh was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Robert Alloh was the last director to join the board, commencing their role in 2009. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Robert Alloh was the last director to join the board, commencing their role in 2009. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Robert Alloh was the last director to join the board, commencing their role in 2009. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Robert Alloh was the last director to join the board, commencing their role in 2009. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Robert Alloh was the last director to join the board, commencing their role in 2009. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.