May 8, 2026
Jamaican Teas Limited (JAMT)
Unaudited financials for the six months ended March 31, 2026:
Jamaican Teas Limited (JAMT) for the six months ended March 31, 2026, reported an 8% increase in Operating Revenues totaling $1.88 billion compared to $1.74 billion in the corresponding period last year. Operating Revenues for the second quarter had a 22% increase to close at $1.00 billion compared to $826.28 million for the comparable quarter of 2025.
Cost of sales amounted to $1.49 billion (2025: $1.38 billion), this represents an increase of 8% year over year. Consequently, gross profit increased by 10% to $390.62 million compared to $355.55 million for the six months ended March 31, 2025. The company booked gross profit of $232.39 million for the second quarter versus $169.03 million reported for the similar quarter of 2025.
Other Income increased by 51% to close at $2.85 million (2025: $1.89 million), while Sales & Marketing Cost increased by 29% from $21.52 million in 2025 to $27.67 million in the period under review. As a result, administrative expenses for the six months ended March 31, 2026, amounted to $286.24 million, a 17% increase relative to $245.19 million reported in 2025.
Finance cost for the six months ended March 31, 2026, amounted to $25.21 million, a 26% decrease relative to $34.19 million reported in 2025. Finance cost for the second quarter amounted to $12.01 million (2025: $19.72 million). Profit Before Taxation totalled $4.05 million, a 114% increase from the corresponding period last year (2025: loss before taxation of $28.74 million).
Taxation credit for the six months ended March 31, 2026, reflected $436,783, a 98% decrease relative to the taxation credit of $19.34 million reported in 2025. However, taxation for the second quarter reflected a taxation charge of $3.80 million, compared to a taxation credit of $33.50 million in the similar quarter of 2025.
Net Profit for the six months ended March 31, 2026, had a 148% increase to reach $4.49 million, compared to a net loss of $9.40 million in 2025. For the second quarter, Net Profit amounted to $26.16 million, representing a 135% improvement relative to the net loss of $74.49 million reported in the similar quarter of 2025. Profit attributable to shareholders for the six months amounted to $60.74 million, a 15% increase from the $52.88 million reported in 2025. For the second quarter, Profit attributable to shareholders was $48.91 million, compared to a loss attributable to shareholders of $581,959 in the prior year.
Consequently, Earnings Per Share for the six months amounted to $0.03 (2025: EPS: $0.02), while Earnings Per Share for the quarter totaled $0.02 (2025: LPS: $0.00). The twelve-month trailing EPS was $0.11, and the number of shares used in these calculations was 2,179,680,377.
Notably, JAMT’s stock price closed the trading period on May 07, 2026, at a price of $2.13 with a corresponding P/E ratio of 19.82x.
Balance Sheet Highlights
The company’s assets totalled $5.57 billion (2025: $5.32 billion). The increase in total assets was mainly driven by inventories excluding housing, which rose to $727.23 million from $522.60 million. This was partly offset by a decline in housing under construction, which fell to $319.82 million from $502.70 million, as management noted that housing inventories declined due to the sale of five units at the Belvedere complex.
Shareholder’s equity was $3.45 billion (2025: $3.19 billion), representing a book value per share of $1.58 (2025: $1.47).
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