May 1, 2025
Caribbean Cement Company Ltd (CCC)
Unaudited financials for the first quarter ended March 31, 2025:
Caribbean Cement Company Ltd (CCC) for the first quarter ended March 31, 2025, reported an 8% increase in revenues totalling $8.20 billion compared to $7.62 billion in the corresponding three months last year.
Cost of sales amounted to $4.42 billion (2024: $4.01 billion), this represents an increase of 10% year over year. Consequently, gross profit increased by 5% to $3.78 billion compared to $3.61 billion for the first quarter ended March 31, 2024.
Operating Expenses increased by 23% to close at $825.91 million (2024: $672.66 million), as such, Operating Profit before Int. Exp. increased by 1% from $2.94 billion in 2024 to $2.96 billion for the three months. Also, Other expenses, net for the first quarter amounted to $265.81 million, a 14% decrease relative to $310.80 million reported in 2024.
Consequently, Operating profit for the three months amounted to $2.69 billion, a 2% increase relative to $2.63 billion reported in 2024. This growth was primarily driven by the continued benefits from the normalization of operational costs.
Finance Costs totalled $37.32 million a 18% increase from the corresponding period last year. (2024: $31.71 million).
Profit before taxation for the first quarter ended March 31, 2025, amounted to $2.76 billion, a 5% increase relative to $2.63 billion reported in 2024.
Taxation charge for the three months had a 9% increase to reach $762.54 million (2024: $701.84 million). As such, Net Profit for the three months amounted to $1.99 billion, a 3% increase from the $1.93 billion reported in 2024.
Consequently, Earnings Per Share for the three months amounted to $2.34 (2024: EPS: $2.27). The twelve-month trailing EPS was $7.07, and the number of shares used in these calculations was 851,136,591.
Notably, CCC’s stock price closed the trading period on April 30, 2025, at a price of $83.42 with a corresponding P/E ratio of 11.80x.
Balance Sheet Highlights
The company’s assets totalled $43.71 billion (2024: $35.94 billion). The growth in total assets was driven by increases in “PPE” and ‘Cash Balances’ during the period, by $4.43 billion and $3.45 billion, respectively.
Shareholder’s equity was $30.41 billion (2024: $25.98 billion), representing a book value per share of $35.72 (2024: $30.52).
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