February 13, 2025
A.S. BRYDEN & SONS HOLDINGS LIMITED (ASBH)
Unaudited financials for the year ended December 31, 2025:
Expressed in United States dollars unless otherwise indicated
A.S. BRYDEN & SONS HOLDINGS LIMITED (ASBH) for the year ended December 31, 2025, reported a 23% increase in Revenue totaling $612.82 million compared to $497.94 million in the corresponding period last year. Revenue for the fourth quarter had a 3% decrease to close at $164.95 million compared to $169.50 million for the comparable quarter of 2024.
Direct expenses amounted to $442.93 million (2024: $362.74 million), this represents an increase of 22% year over year. Consequently, gross profit increased by 26% to $169.89 million compared to $135.20 million for the year ended December 31, 2024. The company booked gross profit of $46.06 million for the fourth quarter versus $44.36 million reported for the similar quarter of 2024.
Other income increased by 314% to close at $7.19 million (2024: $1.74 million), while Administration and other operating expenses increased by 35% from $104.00 million in 2024 to $140.22 million in the period under review. As a result, operating profit for the year ended December 31, 2025, amounted to $36.87 million, a 12% increase relative to $32.94 million reported in 2024.
Share of results Of Associate for the year ended December 31, 2025, amounted to $168,000, a 5500% increase relative to $3,000 reported in 2024.
Finance costs increased by 25% from $12.33 million in 2024 to $15.42 million in the period under review.
Profit before Taxation for the year ended December 31, 2025, amounted to $21.62 million, a 5% increase relative to $20.61 million reported in 2024. Profit before Taxation for the fourth quarter amounted to $9.28 million (2024: $7.04 million).
Taxation for the year ended December 31, 2025, had a 5% decrease to reach $10.65 million (2024: $11.22 million). As such, Net profit for the year amounted to $10.97 million, a 17% increase from the $9.39 million reported in 2024. For the fourth quarter, Net profit was $3.83 million (2024: $2.23 million).
Net profit attributable to shareholders amounted to $9.67 million (2024: $7.90 million).
Consequently, Earnings Per Share for the year amounted to $0.01 (2024: EPS: $0.01), while Earnings Per Share for the quarter totaled $0.00 (2024: EPS: $0.00). The twelve-month trailing EPS was US$0.0064 or J$1.03 and the number of shares used in these calculations was 1,499,251,191.
Notably, ASBH’s stock price closed the trading period on February 12, 2026, at a price of $29.97 with a corresponding P/E ratio of 29.07.
Balance Sheet Highlights
The company’s assets totalled $518.80 million (2024: $496.27 million). The growth in total assets was led by a $32.40 million or 22% uptick in ‘Receivables’ to close 2025 at $180.67 million.
Shareholder’s equity was $124.29 million (2024: $119.84 million), representing a book value per share of J$13.25 (2024: J$12.85).
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