Guardian Holdings Limited (GHL)

Unaudited financials for the six months ended June 30, 2025:

Reported in Trinidad & Tobago Dollars (unless otherwise stated):

Guardian Holdings Limited (GHL) for the six months ended June 30, 2025, reported a 5% increase in insurance revenue totaling $3.01 billion compared to $2.86 billion in the corresponding period last year. Insurance Revenue for the second quarter had a 5% increase to close at $1.53 billion compared to $1.45 billion for the comparable quarter of 2024.

Insurance Service Expenses amounted to $2.10 billion (2024: $1.80 billion), this represents an increase of 16% year over year. Consequently, net results from insurance activities increased by 6% to $425.67 million compared to $401.87 million for the six months ended June 30, 2024. The company booked net results from insurance activities of $244.53 million for the second quarter versus $219.99 million reported for the similar quarter of 2024.

Net Income from Investing Activities increased by 6% to close at $989.97 million (2024: $936.11 million).

Net Income from all Activities for the six months ended June 30, 2025, amounted to $961.70 million, a 1% increase relative to $952.62 million reported in 2024. Net Income from all Activities for the second quarter amounted to $549.29 million (2024: $429.22 million).

Operating Expenses increased by 6% from $363.90 million in 2024 to $386.76 million in the period under review. As a result, operating profit for the six months ended June 30, 2025, amounted to $479.74 million, a 3% decrease relative to $495.59 million reported in 2024.

Share of after-tax profits of associated companies totalled $10.80 million a 9% increase from the corresponding period last year. (2024: $9.88 million).

Profit before Taxation for the six months ended June 30, 2025, had a 3% decrease to reach $490.54 million (2024: $505.46 million).

Taxation for the six months amounted to $92.59 million, a 15% decrease from the $108.67 million reported in 2024.

Net Profit from continuing operations amounted to $397.96 million (2024: $396.79 million), while Net Profit from discontinued operations increased from $8.16 million in 2024 to $649.03 million. As such, Profit for the period increased by 159% to $1.05 billion (2024: $404.95 million).

Net profit Attr. to Shareholders for the period totalled $1.04 billion, relative to the $401.05 million reported twelve months prior. For the quarter, Net profit Attr. to Shareholders amounted to $274.40 million compared to the $167.22 million reported in 2024.

Consequently, Earnings Per Share for the six months amounted to $4.50 (2024: EPS: $1.73), while Earnings Per Share for the quarter totaled $1.18 (2024: EPS: $0.72). The twelve-month trailing EPS was $6.43 (J$153.20), and the number of shares used in these calculations was 232,024,923.

Notably, GHL’s stock price closed the trading period on July 31, 2025, at a price of J$308.40 with a corresponding P/E ratio of 2.01x.

Balance Sheet Highlights

The company’s assets totalled $38.53 billion (2024: $36.12 billion). The growth was primarily driven by a $2.09 billion or 8% uptick in Investment Securities.

Shareholder’s equity was $5.47 billion (2024: $4.10 billion), representing a book value per share of $23.58 (2024: $17.67).

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