March 3, 2026
GraceKennedy Group Ltd(GK)
Audited financials for the twelve months ended December 31, 2025:
GraceKennedy Group Ltd (GK), for the year ended December 31, 2025, reported a 6% increase in Revenues, totalling $177.79 billion compared to $167.04 billion for the corresponding period in 2024.
Direct and operating expenses amounted to $172.16 billion (2024: $158.55 billion), reflecting an 9% year‑over‑year increase. Net impairment losses on financial assets totalled $837.93 million (2024: $503.52 million). Consequently, Profit before Other Income declined to $4.80 billion, compared to $7.99 billion for the year ended December 31, 2024.
Other Income increased by 19%, closing at $5.39 billion (2024: $4.54 billion). As such, Profit from Operations amounted to $10.19 billion, relative to $12.53 billion reported in 2024.
Interest income – non‑financial services rose 6% to $915.83 million (2024: $863.33 million), while interest expense – non‑financial services increased 4% to $2.03 billion, up from $1.95 billion in 2024.
Share of Results of Associates & Joint Ventures for FY2025 totalled $1.21 billion, representing a 34% increase relative to the $899.95 million reported in 2024.
Profit Before Taxation amounted to $10.29 billion, compared to $12.34 billion for the prior year.
Taxation for the year ended December 31, 2025, amounted to $3.04 billion, relative to $3.48 billion reported in 2024. As such, Net Profit for FY2025 was $7.25 billion, representing an 18% decline compared to the $8.86 billion reported in 2024.
Net Profit Attributable to Shareholders amounted to $6.89 billion, down 18% from the $8.41 billion reported in 2024.
Consequently, Earnings Per Share for the twelve months amounted to $6.97 (2024: EPS: $8.51), while Loss Per Share for the quarter totaled $0.79 (2024: EPS: $1.81). The twelve-month trailing EPS was $6.97, and the number of shares used in these calculations was 988,883,729.
Notably, GK’s stock price closed the trading period on March 02, 2026, at a price of $71.44 with a corresponding P/E ratio of 10.25x.
Balance Sheet Highlights
The company’s assets totaled $266.59 billion (2024: $236.64 billion). The growth in total assets was mainly due to increases in cash and deposits, loans receivable, and receivables. Cash and deposits rose by J$10.51 billion or 45% year-over-year (J$33.69 billion vs J$23.19 billion), loans receivable increased by J$6.33 billion or 14% to J$51.02 billion (2024: J$44.69 billion) and receivables climbed by J$8.86 billion or 43% to J$29.27 billion (2024: J$20.41 billion).
Shareholders’ equity was $92.87 billion (2024: $86.98 billion), representing a book value per share of $93.31 (2024: $87.39).
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