April 1, 2026
WEST INDIES PETROLEUM TERMINAL LIMITED (WIPT)
Audited financials for the year ended December 31, 2025:
Expressed in United States dollars (except where indicated otherwise)
WEST INDIES PETROLEUM TERMINAL LIMITED (WIPT) for the year ended December 31, 2025, reported an 8% increase in Revenue totaling $8.83 million compared to $8.21 million in the corresponding period last year. Revenue for the fourth quarter had a 63% increase to close at $2.47 million compared to $1.52 million for the comparable quarter of 2024.
Other income amounted to $32,586 (2024: $143,693), this represents a decrease of 77% year over year. Consequently, total revenue increased by 6% to $8.87 million compared to $8.35 million for the year ended December 31, 2024. The company booked total revenue of $2.37 million for the fourth quarter versus $1.66 million reported for the similar quarter of 2024.
Staff costs increase by 2% to close at $1.41 million (2024: $1.39 million), while Other operating cost increase by 8% from $3.50 million in 2024 to $3.77 million in the period under review. Also, Net impairment loss amounted to $105,478, (2024: $1.04 million).
Consequently, operating profit for the year ended December 31, 2025, amounted to $3.58 million, a 47% increase relative to $2.43 million reported in 2024.
Finance costs for the year ended December 31, 2025, amounted to $852,053, a 21% decrease relative to $1.08 million reported in 2024.
Profit before Taxation totalled $2.72 million a 102% increase from the corresponding period last year. (2024: $1.35 million).
Taxation for the year ended December 31, 2025, amounted to $267,025, a 12% decrease relative to $302,610 reported in 2024. As such, Net Profit for the year ended December 31, 2025, had a 135% increase to reach $2.46 million (2024: $1.04 million). For the fourth quarter, Net profit was $528,921 (2024: $1.02 million).
Consequently, Earnings Per Share for the year amounted to J$0.04 (2024: EPS: J$0.02), while Earnings Per Share for the quarter totaled J$0.01 (2024: LPS: J$0.01). The twelve-month trailing EPS was J$0.04, and the number of shares used in these calculations was 11,180,372,000.
Notably, WIPT’s stock price closed the trading period on March 31, 2026, at a price of J$11.26 with a corresponding P/E ratio of 320.56x.
Balance Sheet Highlights
The company’s assets totalled $42.39 million (2024: $41.82 million). The movement in total assets was mainly influenced by a $1.54 million increase in ‘Due to related party’ and a $1.07 million decrease in ‘PPE’.
Shareholder’s equity was $29.52 million (2024: $27.06 million), representing a book value per share of J$0.42 (2024: J$0.38).
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.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
