August 15, 2025
RADIO JAMAICA LIMITED(RJR)
Audited financials for the twelve months ended March 31, 2025:
RADIO JAMAICA LIMITED (RJR) for the twelve months ended March 31, 2025, reported a 3% decrease in Revenue totaling $5.31 billion compared to $5.49 billion in the corresponding period last year. Revenue for the fourth quarter had a 7% decrease to close at $1.26 billion compared to $1.35 billion for the comparable quarter of 2024.
Direct expenses amounted to $2.99 billion (2024: $2.95 billion), this represents an increase of 1% year over year. Consequently, gross profit decreased by 9% to $2.32 billion compared to $2.54 billion for the twelve months ended March 31, 2024. The company booked gross profit of $185.81 million for the fourth quarter versus $246.29 million reported for the similar quarter of 2024.
Administration expenses totaled $1.246 billion, a marginal decrease compared to $1.258 billion in 2024, while Selling expenses decreased by 8% from $653.39 million in 2024 to $599.54 million in the period under review. Total expenses for the twelve months ended March 31, 2025, amounted to $2.93 billion, a 9% decrease relative to $3.23 billion reported in 2024. Impairment reversal on financial assets amounted to $137.26 million (2024: loss of $112.96 million).
Operating Loss for the twelve months ended March 31, 2025, amounted to $521.86 million, a 2% decrease relative to $531.21 million reported in 2024. Net Finance Costs totaled $83.14 million a 67% increase from the corresponding period last year. (2024: $49.81 million). Impairment of equity accounted investees increased to $54.10 million (2024: $23.05 million).
Loss before taxation for the twelve months ended March 31, 2025, amounted to $663.72 million, a 17% increase relative to $566.95 million reported in 2024. Loss before taxation for the fourth quarter amounted to $294.61 million (2024: Loss of $433.49 million).
The tax charge incurred for the twelve months ended March 31, 2025 amounted to $2.23 million (2024: tax credit of $38.20 million) . Net Loss for the twelve months amounted to $665.95 million, a 26% increase from the $528.75 million reported in 2024.
Consequently, Loss Per Share for the twelve months amounted to $0.22 (2024: LPS: $0.18), while Loss Per Share for the quarter totaled $0.11 (2024: LPS: $0.13). The twelve-month trailing LPS was $0.22, and the number of shares used in these calculations was 3,023,506,931.
Notably, RJR’s stock price closed the trading period on August 14, 2025, at a price of $1.12.
Balance Sheet Highlights
The company’s assets totaled $5.58 billion (2024: $6.39 billion). The movement in total assets was primarily influenced by a 52% decrease in ‘Investment securities’ amounting $139.94 million (2024: $290.10 million) and 59% decrease in ‘Inventories’ amounting to $51.42 million (2024: $125.94 million). Additionally, Receivables decreased by $188.77 million amounting to $902.62 million (2024: $1.09 billion).
Shareholder’s equity was $3.37 billion (2024: $4.13 billion), representing a book value per share of $1.12 (2024: $1.37).
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