MASSY reports 6% growth in first quarter profit attr. to shareholders

February 6, 2026

Massy Holdings Limited (MASSY)

Unaudited financials for the first quarter ended December 31, 2025:

All figures are stated in TT$ unless otherwise indicated.

Massy Holdings Limited (MASSY), for the first quarter ended December 31, 2025, reported a 6% increase in revenue totalling TT$4.39 billion compared to TT$4.16 billion in the corresponding three months last year.

Operating profit after finance costs increased by 10% to TT$333.07 million compared to TT$303.53 million for the first quarter ended December 31, 2024.

Share of profit of associates and joint ventures increased by 1,883% to TT$3.01 million (2024: loss of TT$152,000), while profit before income tax increased by 11% from TT$303.38 million in 2024 to TT$336.08 million for the three-month period. As a result, income tax expense for the first quarter amounted to TT$114.94 million, a 14% increase relative to TT$101.26 million reported in 2024.

Profit for the year from continuing operations for the three months amounted to TT$221.14 million, a 9% increase relative to TT$202.12 million reported in 2024. Profit after tax from discontinued operations totalled TT$1.81 million, a 53% decrease from the corresponding period last year (2024: TT$3.84 million).

Profit for the year for the first quarter ended December 31, 2025, amounted to TT$219.33 million, a 6% increase relative to TT$205.96 million reported in 2024.

Profit attributable to owners of the parent for the three months increased by 6% to TT$202.37 million (2024: TT$190.51 million). Total comprehensive income for the three-month period amounted to TT$253.41 million, a 33% increase from the TT$190.13 million reported in 2024.

Consequently, earnings per share for the three months amounted to TT$0.10/J$2.42 (2024: TT$0.10/J$2.28). The twelve-month trailing EPS stood at TT$0.37/J$8.78, based on 1,979,384,540 shares outstanding.

Notably, MASSY’s stock price closed the trading period on February 05, 2026, at J$74.95, with a corresponding P/E ratio of 8.54x.

Balance Sheet Highlights

The company’s assets totalled TT$16.38 billion (2024: TT$15.26 billion). This increase was attributable to cash and cash equivalents, which amounted to TT$1.88 billion (2024: TT$1.52 billion).

Shareholders’ equity was TT$8.32 billion (2024: TT$7.71 billion), representing a book value per share of TT$4.20/J$99.37 (2024: TT$3.90/J$92.27).

 

Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

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