October 14, 2026
Paramount Trading (Jamaica) Limited (PTL)
Unaudited financials for the first quarter ended August 31, 2026:
Paramount Trading (Jamaica) Limited (PTL) for the first quarter ended August 31, 2026 reported a 5% increase in Revenue totalling $469.61 million compared to $445.24 million in the corresponding three months last year.
Direct Expenses amounted to $265.01 million (2025: $254.41 million), representing an increase of 4% year over year. Consequently, Gross Profit increased by 7% to $204.59 million compared to $190.84 million for the first quarter ended August 31, 2025.
Other Operating Income decreased by 41% to $11.99 million from $20.21 million in 2025, while Administrative Expenses increased by 21% to $136.92 million from $113.59 million in the prior year. Selling and Distribution Expenses also increased to $5.46 million from $2.79 million. As a result, Total Operating Expenses for the first quarter amounted to $142.37 million, representing a 22% increase relative to $116.38 million reported in 2025.
Operating Profit Before Finance Costs and Taxation for the three months amounted to $74.21 million, representing a 22% decrease from $94.66 million reported in 2025. Net Finance Costs decreased by 17% to $17.60 million compared to $21.33 million in the corresponding period last year.
Profit Before Taxation for the first quarter ended August 31, 2026 amounted to $56.61 million, representing a 23% decrease from $73.33 million reported in 2025.
Taxation Expense decreased by 23% to $14.15 million compared to $18.33 million in the prior year. Consequently, Net Profit for the three months amounted to $42.46 million, representing a 23% decrease from $55.00 million reported in 2025.
Consequently, Earnings Per Share for the three months amounted to $0.03 compared to $0.04 in 2025. The twelve-month trailing EPS was $0.06, and the number of shares used in these calculations was 1,542,467,080.
Notably, PTL’s stock price closed the trading period on October 13, 2026 at $0.99, with a corresponding P/E ratio of 17.63x.
Balance Sheet Highlights
The company’s Total Assets amounted to $2.28 billion at August 31, 2026, representing a 1% decrease from $2.32 billion in 2025. The decline was mainly driven by Receivables, which decreased to $377.04 million from $474.31 million, as well as the removal of the Right-of-Use Asset balance of $57.24 million reported in the prior year. Investments also declined to $88.14 million from $95.78 million.
Shareholders’ Equity increased to $1.16 billion from $1.12 billion in 2025, representing a book value per share of approximately $0.75 compared to $0.73 in the prior year.
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