November 10, 2025
RADIO JAMAICA LIMITED(RJR)
Unaudited financials for the six months ended September 30, 2025:
RADIO JAMAICA LIMITED (RJR) for the six months ended September 30, 2025, reported an 8% decline in revenue, totalling $2.46 billion, compared to $2.69 billion for the corresponding period in 2024. Revenue for the second quarter decreased by 12%, closing at $1.31 billion versus $1.49 billion in Q2 2024.
Year to date, Direct expenses amounted to $1.15 billion (2024: $1.32 billion), reflecting a 13% reduction year-over-year. Consequently, gross profit fell by 4% to $1.31 billion, compared to $1.37 billion for the prior-year period. For the second quarter, gross profit was $709.17 million, down from $743.85 million in Q2 2024.
Administration expenses declined by 7% to $739.30 million (2024: $792.63 million), while selling expenses decreased by 13%, moving from $531.52 million in 2024 to $461.53 million in the review period. Additionally, Other operating expenses increased by 5% to $408.99 million (2024: $389.99 million). Total expenses for the six months ended September 30, 2025, amounted to $1.61 billion, a 6% decrease relative to $1.71 billion reported in 2024.
Operating loss for the six months was $237.56 million, an improvement of 13% compared to the $274.02 million loss in 2024. For the second quarter, the operating loss stood at $68.16 million (2024: $104.15 million).
Finance costs totalled $53.26 million, representing a 97% increase from $27.10 million in the prior year.
Loss before taxation for the six months amounted to $290.82 million, a 3% improvement over the $301.11 million loss reported in 2024. For the second quarter, the pre-tax loss was $96.00 million (2024: $118.06 million).
Taxation credit for the six months increased by 1% to $30.86 million (2024: $30.52 million).
As a result, the company recorded a net loss of $259.96 million for the six months, a 4% improvement from the $270.60 million loss in 2024. For the second quarter, the net loss was $79.50 million (2024: $103.12 million).
Net loss attributable to shareholders amounted to $253.23 million for the six months ended September 30, 2025.
Consequently, Loss Per Share for the six months amounted to $0.086 (2024: LPS: $0.089), while Loss Per Share for the quarter totaled $0.026 (2024: LPS: $0.034). The twelve-month trailing LPS was $0.21, and the number of shares used in these calculations was 3,023,506,931.
Notably, RJR’s stock price closed the trading period on November 07, 2025 at a price of $1.34.
Balance Sheet Highlights
The company’s assets totaled $5.67 billion (2024: $6.03 billion). The movement in total assets was primarily influenced by a 8% decrease in ‘Fixed assets’ amounting $2.98 billion (2024: $3.24 billion) . Notably, ‘Cash and Bank Balances’ stood at $430.52 million (2024: $138.77 million).
Shareholders’ equity was $3.12 billion (2024: $3.86 billion), representing a book value per share of $1.03 (2024: $1.28).
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