October 14, 2025
Unaudited Financials for the First Quarter Ended August 31, 2025
Paramount Trading Jamaica Limited (PTL), for the first quarter ended August 31, 2025, reported a 14% increase in revenue, totaling $445.24 million, compared to $389.11 million in the corresponding three months last year.
Direct expenses amounted to $234.83 million (2024: $255.71 million), representing a decrease of 8% year over year. Consequently, gross profit increased by 58% to $210.42 million, compared to $133.40 million for the first quarter ended August 31, 2024.
Other operating income increased by 103%, closing at $627,305 (2024: other operating loss of $24.94 million), while administrative expenses decreased by 6%, from $120.70 million in 2024 to $113.59 million for the three months. As a result, total expenses for the first quarter amounted to $116.38 million, an 8% decrease relative to $126.62 million reported in 2024.
Operating profit for the three months amounted to $94.66 million, a 621% increase relative to the operating loss of $18.15 million reported in 2024. Net finance costs totaled $21.33 million, an 8% increase from the corresponding period last year (2024: $19.79 million).
Profit before taxation for the first quarter ended August 31, 2025, amounted to $73.33 million, representing a 293% increase relative to the loss before taxation of $37.95 million reported in 2024.
Taxation for the three months amounted to $18.33 million, resulting in a net profit of $55.00 million, a 245% increase compared to the net loss of $37.95 million reported in 2024.
Consequently, earnings per share (EPS) for the three months amounted to $0.036 (2024: loss per share (LPS) of $0.025). The twelve-month trailing EPS was $0.08, and the number of shares used in these calculations was 1,542,467,080.
Notably, PTL’s stock price closed the trading period on October 13, 2025, at $0.76, with a corresponding P/E ratio of 9.84x.
Balance Sheet Highlights
The company’s total assets stood at $2.32 billion, consistent with the prior year (2024: $2.32 billion). Key movements were seen in cash and cash equivalents, which declined to $102.76 million from $232.74 million in the same quarter of 2024. In contrast, inventories increased significantly to $884.26 million, up from $718.31 million reported in the corresponding period last year.
Shareholders’ equity was $1.12 billion (2024: $1.00 billion), representing a book value per share of $0.73 (2024: $0.65).
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