January 05, 2025
Jamaica Teas Limited (JAMT)
Audited Financials for the Twelve Months Ended September 30, 2025
Jamaica Teas Limited (JAMT) reported a 9% increase in Operating Revenues for the twelve months ended September 30, 2025, totaling $3.47 billion, compared to $3.18 billion in the corresponding period last year. Operating Revenues for the fourth quarter increased by 8% to $840.98 million, relative to $782.01 million for the comparable quarter of 2024.
Cost of sales amounted to $2.73 billion (2024: $2.58 billion), representing a 6% year-over-year increase. Consequently, gross profit increased by 23% to $749.57 million, compared to $607.61 million for the twelve months ended September 30, 2024. The company recorded gross profit of $209.57 million for the fourth quarter, versus $114.67 million reported for the corresponding quarter of 2024.
Other Income declined by 14% to $94.32 million (2024: $109.55 million), while Selling and Distributing Costs decreased by 19%, falling from $47.47 million in 2024 to $38.62 million in the period under review. As a result, administrative expenses for the twelve months ended September 30, 2025, amounted to $523.16 million, reflecting a 17% increase relative to $446.96 million reported in 2024.
Finance costs for the twelve months ended September 30, 2025, totaled $44.16 million, representing a 22% decrease compared to $56.98 million in 2024. Finance costs for the fourth quarter amounted to $6.51 million (2024: $18.88 million). Profit Before Taxation totaled $269.56 million, reflecting a 12% decrease from the corresponding period last year (2024: $305.81 million).
The taxation charge for the twelve months ended September 30, 2025, amounted to $39.54 million, a 60% decrease relative to $98.50 million reported in 2024. The taxation charge for the fourth quarter amounted to $37.29 million (2024: $210,093).
Net Profit for the twelve months ended September 30, 2025, increased by 11% to $230.02 million (2024: $207.31 million). Net Profit for the fourth quarter surged by 204% to $161.48 million, compared to $53.10 million in the corresponding quarter of 2024.
Total Comprehensive Income attributable to shareholders for the twelve-month period amounted to $255.90 million, representing a 33% increase from $192.08 million reported in 2024. For the fourth quarter, Total Comprehensive Income attributable to shareholders was $135.74 million (2024: $39.59 million).
Consequently, Earnings Per Share (EPS) for the twelve months amounted to $0.12 (2024: $0.09), while EPS for the quarter totaled $0.06 (2024: $0.02). The twelve-month trailing EPS was $0.12, based on 2,179,680,377 shares outstanding.
Notably, JAMT’s stock price closed the trading session on January 2, 2026, at $2.23, resulting in a price-to-earnings (P/E) ratio of 18.99x.
Balance Sheet Highlights
Total assets amounted to $5.71 billion (2024: $5.55 billion), with the increase primarily driven by property, plant, and equipment, which totaled $978.97 million (2024: $837.45 million).
Shareholders’ equity stood at $3.34 billion (2024: $3.13 billion), representing a book value per share of $1.53 (2024: $1.43).
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