WISYNCO reports 2% decline in first quarter net profit

November 13, 2025

Wisynco Group Limited (WISYNCO)

Unaudited financials for the three months ended September 30, 2025:

Wisynco Group Limited (WISYNCO) reported revenues of $16.19 billion for the first quarter ended September 30, 2025, representing a 10.5% increase compared to $14.64 billion in the corresponding quarter of the prior year.

Cost of Sales amounted to $10.55 billion (2024: $9.32 billion), reflecting a 13% increase year-over-year. Consequently, Gross Profit rose by 6% to $5.64 billion compared to $5.32 billion for Q1 FY2025.

Other Operating Income totaled $68.15 million, up 20% from $56.71 million in Q1 FY2025.

Selling and Distribution Expenses increased by 9% to $3.29 billion (2024: $3.03 billion), while Administration Expenses declined by 4% to $583.91 million (2024: $605.37 million).

As a result, Operating Profit for the quarter amounted to $1.83 billion, a 5% increase relative to $1.74 billion reported in the prior year.

Finance Income was $152.28 million, down 9% from $167.01 million, while Finance Costs surged to $156.41 million compared to $31.95 million in Q1 FY2025, driven by higher interest expenses on new borrowings. The company also recorded Share of Results of Associates of $16.33 million, compared to a loss of $0.36 million last year.

Profit Before Taxation closed at $1.84 billion, a slight 1.9% decline from $1.88 billion in the prior year.

Taxation amounted to $361.05 million (2024: $371.31 million), resulting in Net Profit of $1.48 billion, down 1.6% from $1.51 billion reported in Q1 FY2025.

Management highlighted that revenue growth was supported by increased production capacity utilization and new product lines introduced in July, alongside strong export market performance. However, margin pressure from depreciation and higher financing costs tempered overall profitability.

 

Consequently, Earnings Per Share for the three months amounted to $0.39 (2024: EPS: $0.40). The twelve-month trailing EPS was $1.15 and the number of shares used in these calculations was 3,803,250,000. Notably, WISYNCO’s stock price closed the trading period on November 13, 2025 at a price of $19.55 with a corresponding P/E ratio of 16.94x.

Balance Sheet Highlights

The company’s assets totalled $45.62 billion (2024: $36.39 billion).  The movement in total assets was primarily attributable to a 654% increase in ‘Investment in associates’ amounting to $2.84 billion ($376.68 million) and a $1.93 billion increase in ‘Cash and short-term deposits’ amounting to $6.34 billion (2024: $4.41 billion).

 

Shareholders’ equity was $29.12 billion (2024: $26.29 billion), representing a book value per share of $7.74 (2024: $6.99).

 

 

Disclaimer:

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 affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

More Stories from the Market
shutterstock_609342323
December 5, 2025   Seprod Limited (SEP) has declared a dividend of $0.605 per stock unit payable on January 16, 2026, to stockholders on record…
shutterstock_148562033
December 5, 2025   Kingston Wharves Limited (KW) has advised that a connected party sold a total of 1,122,648 KW shares during the period Novem…
shutterstock_609342323
December 5, 2025   Kingston Wharves Limited (KW) has declared a dividend of $0.44 per stock unit payable on January 16, 2026, to stockholders o…
MIL
December 5, 2025 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for November 28, 2025, was J$8.44. MJE’s c…
shutterstock_537598660
December 5, 2025 EduFocal Limited (LEARN) Unaudited financials for the six months ended June 30, 2025: EduFocal Limited (LEARN) for the six months …
shutterstock_342262439
December 4, 2025   JMMB Group Limited (JMMBGL) has advised that at a meeting of its Board of Directors to be held on December 10, 2025, an inte…
new-notes-thumnail
December 04, 2025 Government Operations Results for October 2025 Disclaimer: Analyst Certification – The views expressed in this research report ac…
shutterstock_316932977-700x441
December 04, 2025 Following Hurricane Melissa, and at the request of Jamaican Prime Minister Andrew Holness, CAF (Development Bank of Latin America a…