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FTNA reports 37% decline in six months net profit

February 16, 2026

Fontana Limited(FTNA)

Unaudited financials for the six months ended December 31, 2025:

Fontana Limited (FTNA), for the six months ended December 31, 2025, reported a 12% increase in revenues to $5.36 billion, up from $4.78 billion in the corresponding period last year. Revenues for the second quarter grew 6% to $2.86 billion (2024: $2.71 billion).

Management noted that Q2 performance was materially impacted by Hurricane Melissa, including a 16‑day closure of the Company’s second‑largest location, reduced trading hours across western stores, and temporary disruption to its Montego Bay corporate offices; despite this, topline growth reflected brand resilience and contributions from recently acquired Monarch locations and new Ora concept stores.

Cost of Sales amounted to $3.34 billion (2024: $2.94 billion), a 14% year‑over‑year increase. Consequently, gross profit rose 10% to $2.01 billion, compared to $1.84 billion for the six months ended December 31, 2024. For the second quarter, gross profit totaled $1.09 billion (2024: $1.06 billion)

Administrative and Other Expenses increased 23% to $1.61 billion (2024: $1.32 billion), while Selling and Promotion expenses rose 11% to $47.64 million (2024: $42.76 million). As a result, total operating expenses for the six months ended December 31, 2025 were $1.66 billion, a 22% increase versus $1.36 billion in 2024.

Operating profit for the six months totaled $352.18 million, down 26% from $477.92 million in 2024. For the second quarter, operating profit was $252.21 million (2024: $375.31 million). Finance costs were $159.71 million, a 47% increase from $108.77 million in the corresponding period last year; other income for the six months rose 12% to $89.02 million (2024: $79.24 million).

Profit before taxation for the six months ended December 31, 2025 amounted to $281.49 million, a 37% decrease relative to $448.39 million reported in 2024. For the second quarter, profit before taxation was $230.47 million (2024: $376.02 million).

The taxation charge for the six months was $35.89 million (2024: $61.35 million). Net profit for the six months totaled $245.61 million, a 37% decline versus $387.05 million in 2024, while second‑quarter net profit was $201.00 million (2024: $326.58 million).

Consequently, Earnings Per Share for the six months amounted to $0.20 (2024: EPS: $0.31), while Earnings Per Share for the quarter totaled $0.16 (2024: EPS: $0.26). The twelve-month trailing EPS was $0.36, and the number of shares used in these calculations was 1,249,374,825.

Notably, FTNA’s stock price closed the trading period on February 13, 2026, at a price of $7.72 with a corresponding P/E ratio of 21.43x.

Balance Sheet Highlights

The company’s assets totaled $7.19 billion (2024: $5.71 billion). The movement in total assets was mainly attributable to a 343% increase in Intangible assets amounting to $864.08 million (2024: $195 million).

Shareholder’s equity was $3.12 billion (2024: $2.98 billion), representing a book value per share of $2.50 (2024: $2.39).

 

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

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