May 18, 2026
Caribbean Producers Jamaica Limited (CPJ)
Unaudited financials for the first quarter ended March 31, 2026:
Expressed in United States dollars except where otherwise stated
Caribbean Producers Jamaica Limited (CPJ) for the first quarter ended March 31, 2026, reported a 28% decrease in Revenue totalling US$33.14 million compared to US$45.97 million in the corresponding three months last year.
Cost of Operating Revenue amounted to US$24.61 million (2025: US$33.30 million), representing a decrease of 26% year over year. Consequently, Gross Profit decreased by 33% to US$8.54 million compared to US$12.67 million for the first quarter ended March 31, 2025.
Finance and Other Operating Income increased to US$69,355 compared to US$1,674 in 2025, while Administration and Other Operating Expenses decreased by 3% from US$9.12 million in 2025 to US$8.89 million for the three months. Net Impairment Losses on Trade Receivables amounted to US$56,475 compared to US$63,222 in the prior year.
As a result, the company recorded an Operating Loss of US$344,947 for the first quarter, compared to Operating Profit of US$3.48 million reported in 2025. Finance Costs for the first quarter ended March 31, 2026, amounted to US$823,538, a 20% decrease relative to US$1.03 million reported in 2025.
Loss Before Taxation for the three months amounted to US$1.17 million, compared to Profit Before Taxation of US$2.45 million reported in 2025. Taxation for the three months amounted to nil, compared to US$641,236 in the prior year.
Net Loss for the three months amounted to US$1.17 million, compared to Net Profit of US$1.81 million reported in 2025. Net Loss attributable to shareholders amounted to US$1.11 million, compared to Net Profit attributable to shareholders of US$1.76 million in the prior year.
Consequently, Loss Per Share for the three months amounted to 0.001 US cents, or approximately J$0.16. This compares to Earnings Per Share of 0.0016 US cents, or approximately J$0.25. The twelve-month trailing EPS was US$0.007, or approximately J$1.11, and the number of shares used in these calculations was 1,100,000,000.
Notably, CPJ’s stock price closed the trading period on May 15, 2026, at J$5.20, with a corresponding P/E ratio of 4.62x.
Balance Sheet Highlights
The company’s assets totalled US$113.16 million (2025: US$103.29 million). The increase in total assets was mainly driven by Trade and Other Receivables, which rose to US$33.25 million from US$18.80 million in the prior year. Cash and Cash Equivalents also increased to US$8.06 million from US$6.61 million. This was partly offset by a decline in Inventories, which fell to US$36.38 million from US$42.41 million.
Shareholders’ Equity was US$47.54 million (2025: US$39.99 million), representing a book value per share of US$0.04, or approximately J$6.86. This compares to US$0.04, or approximately J$5.76.
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