July 31, 2026
Paramount Trading (Jamaica) Limited (PTL)
Audited financials for the twelve months ended May 31, 2026:
Paramount Trading (Jamaica) Limited (PTL) for the twelve months ended May 31, 2026, reported a 2% decrease in Revenue totalling $1.69 billion compared to $1.72 billion in the corresponding period last year. Revenue for the fourth quarter declined by 19% to $423.05 million compared to $524.56 million for the comparable quarter of 2025.
Cost of Sales amounted to $1.04 billion (2025: $1.08 billion), representing a decrease of 4% year over year. Consequently, Gross Profit increased marginally by 1% to $651.47 million compared to $646.62 million for the twelve months ended May 31, 2025. Gross Profit for the fourth quarter amounted to approximately $97.34 million, compared to $229.21 million for the corresponding quarter of 2025.
Other Operating Income amounted to $138.10 million, compared to Other Operating Expenses of $22.40 million in 2025. This represented a favourable movement of approximately $160.50 million year over year. Administrative and General Expenses increased by 9% to $517.64 million from $476.59 million in the prior year, while Selling and Distribution Expenses increased by 233% to $56.01 million from $16.84 million. As a result, Total Operating Expenses for the twelve months ended May 31, 2026, amounted to $573.65 million, representing a 16% increase relative to $493.43 million reported in 2025.
Operating Profit for the twelve months ended May 31, 2026, amounted to $215.92 million, representing a 65% increase from $130.80 million reported in 2025. Operating Profit for the fourth quarter amounted to approximately $7.12 million, compared to $109.91 million in the corresponding quarter of 2025.
Finance Income decreased by 6% to $2.70 million from $2.88 million in 2025, while Finance Costs decreased by 10% to $80.39 million from $88.97 million. As a result, Net Finance Costs amounted to $77.68 million, representing a 10% decrease from $86.09 million in the prior year.
Profit Before Taxation for the twelve months ended May 31, 2026, amounted to $138.24 million, representing a 209% increase from $44.71 million in 2025. For the fourth quarter, the company recorded a Loss Before Taxation of approximately $8.97 million, compared to Profit Before Taxation of $87.78 million in the corresponding quarter of 2025.
Taxation Charge increased by 111% to $39.10 million compared to $18.57 million in 2025. Consequently, Net Profit, being Total Comprehensive Income for the year, increased by 279% to $99.14 million compared to $26.14 million in 2025. For the fourth quarter, the company recorded a Net Loss of approximately $11.27 million, compared to Net Profit of $69.21 million in the corresponding quarter of 2025.
Consequently, Earnings Per Share for the twelve months amounted to $0.06 compared to $0.02 in 2025, while Loss Per Share for the fourth quarter amounted to approximately $0.01 compared to Earnings Per Share of approximately $0.04 for the corresponding quarter of 2025. The twelve-month trailing EPS was approximately $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 July 30, 2026 at $1.04, this represents a P/E ratio of approximately 16.18x.
Balance Sheet Highlights
The company’s Total Assets amounted to $2.20 billion at May 31, 2026, representing a 5% decrease from $2.31 billion in 2025. The decline was mainly driven by lower Trade and Other Receivables, which fell to $408.81 million from $481.87 million, as well as the elimination of Right-of-Use Assets, which declined to nil from $59.56 million. Taxation Recoverable also decreased to $7.38 million from $16.41 million, while Investments declined slightly to $94.97 million from $96.16 million.
Shareholders’ Equity increased to $1.12 billion from $1.07 billion in 2025, representing a book value per share of approximately $0.73 compared to $0.69 in the prior year.
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