August 4, 2025
GraceKennedy Group Ltd (GK)
Unaudited financials for the six months ended June 30, 2025:
GraceKennedy Group Ltd (GK) for the six months ended June 30, 2025, reported a 5% increase in Revenues totaling $89.02 billion compared to $84.39 billion in the corresponding period last year. Revenues for the second quarter had a 7% increase to close at $44.80 billion compared to $42.04 billion for the comparable quarter of 2024.
Direct and operating expenses amounted to $85.21 billion (2024: $79.87 billion), this represents an increase of 7% year over year. Consequently, profit before other income decreased by 19% to $3.46 billion compared to $4.28 billion for the six months ended June 30, 2024. The company booked profit before other income of $1.67 billion for the second quarter versus $2.41 billion reported for the similar quarter of 2024.
Other Income increased by 14% to close at $2.48 billion (2024: $2.18 billion). Consequently, Profit from operations decline by 8% from $6.45 billion in 2024 to $5.94 billion in 2025.
Interest Income – non-financial services increased by 12% from $409.98 million in 2024 to $457.27 million in the period under review, while interest expense – non-financial services for the six months ended June 30, 2025, amounted to $1.03 billion, a 7% increase relative to $965.57 million reported in 2024. Also, Share of Results of Associates & Joint Ventures for the six months ended June 30, 2025, amounted to $737.31 million, a 32% increase relative to $560.40 million reported in 2024.
Profit Before Taxation totalled $6.11 billion a 5% decrease from the corresponding period last year. (2024: $6.46 billion).
Taxation for the six months ended June 30, 2025, amounted to $1.68 billion, a 4% decrease relative to $1.74 billion reported in 2024. As such, Net Profit for the six months ended June 30, 2025, had a 6% decrease to reach $4.43 billion (2024: $4.71 billion).
Net profit attributable to shareholders for the six months amounted to $4.25 billion, a 4% decrease from the $4.44 billion reported in 2024. For the second quarter, Net profit attributable to shareholders was $2.03 billion (2024: $2.28 billion).
Consequently, Earnings Per Share for the six months amounted to $4.27 (2024: EPS: $4.46), while Earnings Per Share for the quarter totaled $2.04 (2024: EPS: $2.29). The twelve-month trailing EPS was $8.27, and the number of shares used in these calculations was 995,289,524.
Notably, GK’s stock price closed the trading period on July 31, 2025, at a price of $69.94 with a corresponding P/E ratio of 8.46x.
Balance Sheet Highlights
The company’s assets totalled $253.50 billion (2024: $232.87 billion). The growth in totals assets was mainly due to increases to the following during the period: Investment Securities (+$5.90 billion), Loans Receivables (+$5.40 billion), Fixed Assets (+$3.47 billion) and Inventories ($3.34 billion).
Shareholder’s equity was $91.16 billion (2024: $82.79 billion), representing a book value per share of $91.59 (2024: $83.18).
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