May 1, 2026
Caribbean Producers Jamaica Limited (CPJ)
Audited Financial Results for the Twelve Months Ended December 31, 2025:
All figures are stated in USD unless otherwise indicated.
Caribbean Producers Jamaica Limited (CPJ) for the twelve months ended December 31, 2025, reported gross operating revenue of US$152.08 million compared to US$156.06 million in the corresponding period last year. Gross operating revenue for the fourth quarter decreased by 51% to close at US$22.44 million compared to US$46.14 million for the comparable quarter of 2024.
Cost of operating revenue amounted to US$111.66 million (2024: US$114.55 million). Consequently, gross profit totalled US$40.43 million compared to US$41.52 million for the twelve months ended December 31, 2024. The company booked gross profit of US$2.68 million for the fourth quarter versus US$11.97 million reported for the similar quarter of 2024.
Administration and other operating expenses amounted to US$48.30 million (2024: US$27.57 million). Net impairment losses on trade receivables totalled US$2.14 million (2024: US$0.18 million). Finance and other operating income for the twelve months ended December 31, 2025, amounted to US$25.07 million (2024: US$0.16 million).
Operating profit for the twelve months ended December 31, 2025, amounted to US$15.05 million compared to US$9.42 million reported in 2024. Operating profit for the fourth quarter amounted to US$9.27 million (2024: US$3.66 million).
Finance costs totalled US$3.85 million (2024: US$3.03 million). Profit before taxation for the twelve months ended December 31, 2025, amounted to US$11.20 million compared to US$6.46 million reported in 2024. Profit before taxation for the fourth quarter amounted to US$8.10 million (2024: US$2.96 million). Taxation for the twelve months ended December 31, 2025, amounted to US$0.41 million (2024: US$0.93 million). Net profit for the twelve months amounted to US$10.79 million compared to US$5.53 million reported in 2024. For the fourth quarter, net profit was US$5.57 million (2024: US$2.58 million).
Consequently, earnings per stock unit for the twelve months amounted to US 0.95 cents (J$1.52) (2024: US 0.24 cents (J$0.38)), while earnings per stock unit for the quarter totalled US 0.50 cents (J$0.80) (2024: US 0.23 cents (J$0.36)). The number of shares used in these calculations was 1,100,000,000.
Notably, CPJ’s stock price closed the trading period on May 1, 2026, at J$5.99, with a corresponding P/E ratio of 3.82x.
Balance Sheet Highlights
The company’s assets totalled US$125.20 million (2024: US$106.20 million), an 18% increase year over year. This increase in total assets was primarily attributable to trade and other receivables, which amounted to US$38.73 million (2024: US$23.46 million), alongside a new related party receivable of US$5.16 million with no prior year comparative.
Shareholders’ equity was US$48.65 million (2024: US$38.23 million), representing a book value per share of J$44.23 (2024: J$34.75).
NB: Prior year comparative figures for the income statement are sourced from the company’s unaudited results for the twelve months ended December 31, 2024, as the audited financial statements present a six-month comparative period only.
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