July 13, 2026
Lumber Depot Limited (LUMBER)
Audited financials for the twelve months ended April 30, 2026:
Lumber Depot Limited (LUMBER) for the twelve months ended April 30, 2026, reported a 3% increase in Revenue totalling $1.56 billion compared to $1.51 billion in the corresponding period last year. The fourth-quarter Revenue amounted to approximately $376.67 million, representing a marginal increase from $375.06 million for the comparable quarter of 2025.
Cost of Sales amounted to $1.21 billion (2025: $1.18 billion), representing an increase of 3% year over year. Consequently, Gross Profit increased by 7% to $352.83 million compared to $330.59 million for the twelve months ended April 30, 2025. Gross Profit for the fourth quarter amounted to approximately $78.20 million compared to $76.26 million reported for the corresponding quarter of 2025.
Impairment Reversal on Trade Receivables increased to $2.11 million from $124,664 in 2025, while Administrative and Other Expenses increased by 6% to $212.83 million from $200.93 million in the prior year. As a result, Profit from Operations for the twelve months ended April 30, 2026 amounted to $141.95 million, representing a 9% increase relative to $129.77 million reported in 2025.
Other Income increased by 59% to $11.44 million from $7.19 million in 2025. For the fourth quarter, Other Income amounted to approximately $1.59 million, compared to $1.71 million in the corresponding quarter of 2025. Consequently, Profit Before Net Finance Income and Taxation increased by 12% to $153.39 million compared to $136.96 million in 2025.
Finance Income declined by 44% to $5.84 million from $10.46 million in 2025, while Finance Costs increased to $17.35 million from $7.88 million. As a result, the company recorded Net Finance Costs of $11.51 million, compared to Net Finance Income of $2.58 million in the prior year. Management noted that the reduction in finance income and increase in financing costs were linked to the acquisition of property adjacent to the company’s flagship Papine location, which was financed through a mixture of debt and internal resources.
Profit Before Taxation for the twelve months ended April 30, 2026 amounted to $141.88 million, representing a 2% increase from $139.54 million in 2025. Taxation increased to $18.92 million from $3.66 million in the prior year, partly reflecting the expiration of 50% of the tax benefit associated with the company’s Jamaica Stock Exchange Junior Market listing. Consequently, Profit for the Period declined by 10% to $122.96 million compared to $135.88 million in 2025. For the fourth quarter, Profit for the Period amounted to approximately $18.76 million, compared to $29.23 million in the corresponding quarter of 2025.
Other Comprehensive Income, representing the net change in the fair value of the company’s investment in Atlantic Hardware and Plumbing Company Limited, amounted to $47.99 million compared to $62.38 million in 2025. As a result, Total Comprehensive Income attributable to members amounted to $170.94 million, compared to $198.26 million in 2025.
Consequently, Earnings Per Share for the twelve months amounted to $0.17 compared to $0.19 in 2025, while Earnings Per Share for the fourth quarter amounted to approximately $0.03 compared to $0.04 for the corresponding quarter of 2025. The twelve-month trailing EPS was $0.17, and the number of shares used in these calculations was 706,237,500.
Notably, LUMBER’s stock price closed the trading period on July 10, 2026 at $2.57, this represents a P/E ratio of approximately 14.76x.
Balance Sheet Highlights
The company’s Total Assets amounted to $1.28 billion at April 30, 2026, representing a 36% increase from $943.93 million in 2025. The increase was mainly driven by Property, Plant and Equipment, which rose to $373.53 million from $171.09 million. Cash and Cash Equivalents also increased to $296.35 million from $193.63 million, while the company’s Equity Investment in Atlantic Hardware and Plumbing Company Limited rose to $425.37 million from $377.38 million, supported by the fair value gain recognised during the year.
Shareholders’ Equity increased to $942.50 million from $828.05 million in 2025, representing a book value per share of approximately $1.33 compared to $1.17 in the prior year.
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