May 8, 2026
Massy Holdings Limited (MASSY)
Unaudited financials for the six months ended March 31, 2026:
All figures are stated in TT$ unless otherwise indicated.
Massy Holdings Limited (MASSY) for the six months ended March 31, 2026, reported a 7% increase in Revenue totaling TT$8.51 billion compared to TT$7.92 billion in the corresponding period last year. Revenue for the second quarter had a 9% increase to close at TT$4.12 billion compared to TT$3.77 billion for the comparable quarter of 2025.
Operating profit after finance costs amounted to TT$584.83 million, a 6% increase relative to TT$552.70 million reported for the six months ended March 31, 2025. The company booked operating profit after finance costs of TT$251.76 million for the second quarter versus TT$249.17 million reported for the similar quarter of 2025.
Share of profit of associates and joint ventures increased by 39% to close at TT$5.51 million (2025: TT$3.98 million), while Profit Before Tax increased by 6% from TT$556.68 million in 2025 to TT$590.34 million in the period under review. For the second quarter, Profit Before Tax amounted to TT$254.26 million, broadly in line with TT$253.30 million reported in the similar quarter of 2025. As a result, income tax expense for the six months ended March 31, 2026, amounted to TT$218.07 million, a 14% increase relative to TT$191.61 million reported in 2025. Income tax expense for the second quarter amounted to TT$103.13 million, a 14% increase relative to TT$90.35 million reported in the corresponding quarter of 2025.
Profit for the period from continuing operations for the six months ended March 31, 2026, amounted to TT$372.26 million, a 2% increase relative to TT$365.07 million reported in 2025. Profit from continuing operations for the second quarter amounted to TT$151.12 million, a 7% decrease relative to TT$162.96 million reported in the similar quarter of 2025. Loss from discontinued operations for the six months ended March 31, 2026, amounted to TT$9.89 million compared to a profit of TT$11.14 million reported in 2025.
The company also reported a loss on sale of discontinued operations of TT$105.33 million for the period. Consequently, Profit for the period for the six months ended March 31, 2026, amounted to TT$257.04 million, a 32% decrease relative to TT$376.21 million reported in 2025. Profit for the period for the second quarter amounted to TT$37.71 million compared to TT$170.25 million reported in the similar quarter of 2025.
Profit attributable to owners of the parent for the six months ended March 31, 2026, had a 35% decrease to reach TT$227.37 million compared to TT$348.26 million in 2025. For the second quarter, Profit attributable to owners of the parent amounted to TT$25.00 million, an 84% decrease relative to TT$157.75 million reported in the prior year.
Total comprehensive income for the period for the six months amounted to TT$282.80 million, a 26% decrease from the TT$383.10 million reported in 2025. For the second quarter, Total comprehensive income for the period was TT$29.39 million compared to TT$192.97 million in 2025.
Consequently, Earnings Per Share for the six months amounted to TT$0.11 or approximately J$2.70 (2025: EPS: TT$0.18 or approximately J$4.13), while Earnings Per Share for the quarter totaled TT$0.01 or approximately J$0.30 (2025: EPS: TT$0.08 or approximately J$1.87). Earnings Per Share from continuing operations for the six months amounted to TT$0.17 or approximately J$4.06, while Earnings Per Share from discontinued operations amounted to a loss of TT$0.06 or approximately J$1.37. The twelve-month trailing EPS was TT$0.304 or approximately J$7.13, and the number of shares used in these calculations was 1,979,384,540.
Notably, MASSY’s stock price closed the trading period on May 07, 2026, at J$73.57, with a corresponding P/E ratio of 10.32x.
Balance Sheet Highlights
The company’s assets totalled TT$16.06 billion (2025: TT$15.03 billion). The increase in total assets was mainly driven by cash and cash equivalents, which rose to TT$2.00 billion from TT$1.42 billion.
Shareholder’s equity was TT$8.32 billion (2025: TT$7.78 billion), representing a book value per share of TT$4.20 or approximately J$98.54 (2025: TT$3.93 or approximately J$92.33).
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