April 30, 2026
Caribbean Cement Company Ltd (CCC)
Unaudited financials for the three months ended March 31, 2026:
Caribbean Cement Company Ltd (CCC) for the three months ended March 31, 2026, reported a 13% increase in Revenues totaling $9.26 billion compared to $8.20 billion in the corresponding period last year. CCC highlighted, “This strong performance was driven primarily by higher sales volumes, reflecting sustained demand in the domestic market associated with ongoing recovery activities following Hurricane Melissa.”
Cost of sales amounted to $4.55 billion (2025: $4.42 billion), this represents an increase of 3% year over year. Consequently, gross profit increased by 25% to $4.71 billion compared to $3.78 billion for the three months ended March 31, 2025. The gross profit margin improved to 51%, compared with 46% in the corresponding period of 2025.
Operating Expenses increased by 5% to close at $865.08 million (2025: $825.91 million). Consequently, Operating earnings before other income and expenses, net, increased by 30% from $2.96 billion in 2025 to $3.85 billion in the period under review. CCC noted, “This improvement was driven by operational efficiencies achieved at the production facility, and management’s continued focus on cost discipline. Following the successful completion of the expansion project in 2025, improved margins, cost stability, and reducing unit production costs compared to last year.”
Other expenses for the three months ended March 31, 2026, amounted to $312.66 million, an 18% increase relative to $265.81 million reported in 2025, while other income decreased by 70% to $1.05 million (2025: $3.49 million).
Operating profit for the three months ended March 31, 2026, amounted to $3.53 billion, a 31% increase relative to $2.69 billion reported in 2025.
Finance income totalled $156.19 million, a 64% increase from the corresponding period last year (2025: $95.34 million). Finance expenses amounted to $38.44 million (2025: $37.32 million). The company also recorded a foreign exchange loss of $109.99 million, compared to a gain of $5.95 million in the prior year.
Profit before taxation for the three months ended March 31, 2026, amounted to $3.54 billion, a 28% increase relative to $2.76 billion reported in 2025.
Taxation charge for the three months ended March 31, 2026, decreased by 35% to reach $493.64 million (2025: $762.54 million). As such, Net Profit for the three months amounted to $3.05 billion, a 53% increase from the $1.99 billion reported in 2025.
Consequently, Earnings Per Share for the three months amounted to $3.58 (2025: EPS: $2.34), an increase of $1.24 over the prior year. The twelve-month trailing EPS was $8.19, and the number of shares used in these calculations was 851,136,591.
Notably, CCC’s stock price closed the trading period on April 29, 2026, at a price of $99.96 with a corresponding P/E ratio of 12.21x.
Balance Sheet Highlights
The company’s assets totalled $49.71 billion (2025: $43.71 billion). The growth in total assets was primarily driven by a $6.02 billion increase in Cash and cash equivalents, which closed the period at $15.73 billion (2025: $9.70 billion), alongside a 6% or $1.58 billion increase in Property, Machinery and Equipment during the period.
Shareholder’s equity was $35.52 billion (2025: $30.41 billion), representing a book value per share of $41.73 (2025: $35.72).
The company also noted that, “As 2026 unfolds, the company anticipates continued strong performance, while aware of challenges, including higher fuel and energy costs from the US–Iran conflict. Proactive measures will be taken to mitigate any long-term impacts and to maintain operational stability.”
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