Investor Information

A Message From Our Chairman

Dear Shareholders,

It is an honour to present the Annual Report of our company – Future Energy Source Company Limited (“FESCO” or the “Company”) for the financial year April 1, 2024 to March 31, 2025. The Company has delivered strong financial results, achieving a 20% increase in gross profit and a 12% increase in net profit attributable to shareholders, year over year. It is the collective resilience, dedication, and innovation of our team that has contributed to the Company’s $2.7 Billion book value of equity for the year.

Future Energy Source Company Limited’s performance reflects a year of both progress and continued opportunity, demonstrating resilience and agility. The core wholesale and retail fuel segment has shown consistent profitability, ascribable to the dedication and trust of our staff, dealers and customers and the reliability of our suppliers and service providers. The newer liquefied petroleum gas (LPG) segment is still in its early development stage, and the Company is determined to maximize on the long-term growth prospects of a cleaner, affordable and more sustainable energy source. The Company will continue to invest in LPG infrastructure and assets and to raise awareness of our FESGAS brand. The Company through its governance commitment will continue to see to the sustainability of value creation across all segments.

We believe in engaging with the communities in which the Company operates and has brand presence through its dealers. This includes sharing in community-based activities and other initiatives meant to be a resource for community members and to contribute towards their upliftment. Future Energy Source Company Limited acknowledges the significance of community partnerships and appreciates the welcoming responses to our brands.

On behalf of the Board of Directors, I express deepest gratitude to our shareholders, customers, dealers, our faithful team led by our Managing Director, Jeremy Barnes, suppliers and other stakeholders for your continued support.