February 13, 2026
Spur Tree Spices Jamaica Limited(SPURTREE)
Unaudited financials for the twelve months ended December 31, 2025:
For the twelve months ended December 31, 2025 reported, Revenue increased by 11% to $1.74 billion compared to $1.56 billion in the corresponding period last year. For the fourth quarter, revenue declined by 9% to $421.24 million versus $460.60 million reported in Q4 2024.
Cost of sales amounted to $1.25 billion (2024: $1.09 billion), representing a 14% increase year over year, driven primarily by higher production costs. Consequently, gross profit rose by 4% to $495.53 million compared to $474.58 million for the twelve months ended December 31, 2024. For the fourth quarter, the company recorded gross profit of $131.83 million versus $153.05 million in Q4 2024.
Other operating income increased by 51% to $18.38 million (2024: $12.19 million). Administrative and other expenses decreased by 1%, moving from $335.19 million in 2024 to $333.27 million in the review period, reflecting continued cost-management efforts.
As a result, operating profit for the twelve months ended December 31, 2025, amounted to $183.24 million, an increase of 26% relative to $144.99 million reported in 2024.
Finance costs for the period totalled $52.38 million, a 3% decrease compared to $53.85 million in 2024. For the fourth quarter, finance costs amounted to $12.82 million (2024: $14.66 million).
Profit before taxation rose by 44% to $130.85 million (2024: $91.14 million). No taxation charge was incurred for the twelve months ended December 31, 2025 compared to $6.23 million reported in 2024.
As a result, Total comprehensive income for the twelve months ended December 31, 2025, increased by 34% to $130.85 million compared to $97.37 million in the prior year.
Total comprehensive income attributable to owners of the company rose by 4% to $109.82 million (2024: $105.45 million). For the fourth quarter, total comprehensive income attributable to owners amounted to $17.18 million versus $31.12 million reported in Q4 2024.
Consequently, Earnings Per Share for the twelve months amounted to $0.08 (2024: EPS: $0.06), while Earnings Per Share for the quarter totaled $0.02 (2024: EPS: $0.02). The twelve-month trailing EPS was $0.08 and the number of shares used in these calculations was 1,676,959,244.
Notably, SPURTREE’s stock price closed the trading period on February 12, 2026 at a price of $1.03 with a corresponding P/E ratio of 13.20x.
Balance Sheet Highlights
The company’s assets totaled $1.84 billion (2024: $1.69 billion). The movement in total assets was primarily attributable to a 53% increase in Inventories amounting to $321.07 million (2024: $209.78 million).
Shareholders’ equity was $979.00 million (2024: $869.17 million), representing a book value per share of $0.58 (2024: $0.52).
Consequently, Earnings Per Share for the twelve months amounted to $0.08 (2024: EPS: $0.06), while Earnings Per Share for the quarter totaled $0.02 (2024: EPS: $0.02). The twelve-month trailing EPS was $0.08 and the number of shares used in these calculations was 1,676,959,244.
Notably, SPURTREE’s stock price closed the trading period on February 12, 2026 at a price of $1.03 with a corresponding P/E ratio of 13.20x.
Balance Sheet Highlights
The company’s assets totaled $1.84 billion (2024: $1.69 billion). The movement in total assets was primarily attributable to a 53% increase in Inventories amounting to $321.07 million (2024: $209.78 million).
Shareholders’ equity was $979.00 million (2024: $869.17 million), representing a book value per share of $0.58 (2024: $0.52).
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