April 7, 2026
The Consolidated Bakeries (Jamaica) Limited (PURITY)
Audited financials for the year ended December 31, 2025:
The Consolidated Bakeries (Jamaica) Limited (PURITY) for the year ended December 31, 2025, reported a 3% increase in Revenue totaling $1.65 billion compared to $1.60 billion in the corresponding period last year. Revenue for the fourth quarter had a 4% increase to close at $375.35 million compared to $359.45 million for the comparable quarter of 2024.
Cost of Sales amounted to $1.01 billion (2024: $1.02 billion), this represents a decrease of 1% year over year. Consequently, gross profit increased by 11% to $643.89 million compared to $582.48 million for the year ended December 31, 2024. The company booked gross profit of $124.11 million for the fourth quarter versus $102.23 million reported for the similar quarter of 2024.
Selling Expenses decreased by 9% to close at $257.02 million (2024: $281.63 million), while Admin Exp increased by 19% from $259.55 million in 2024 to $308.69 million in the period under review. As a result, total expenses for the year ended December 31, 2025, amounted to $620.22 million, a 5% increase relative to $590.43 million reported in 2024.
Operating Profit for the year ended December 31, 2025, amounted to $23.67 million, a 398% turnaround relative to $7.96 million reported in 2024. Operating loss for the fourth quarter amounted to $16.84 million (2024: Operating loss of $15.64 million).
Finance Cost totalled $27.22 million a 38% increase from the corresponding period last year. (2024: $19.71 million).
Pre-tax profit for the year ended December 31, 2025, amounted to $10.90 million, relative to Pre-tax loss of $19.58 million reported in 2024. Pre-tax loss for the fourth quarter amounted to $11.31 million (2024: Pre-tax loss of $14.20 million).
Tax charge for the year ended December 31, 2025, amounted to $4.38 million (2024: Tax credit of $7.58 million). As such, Net Profit for the year amounted to $6.51 million, a 154% Turnaround from the $12.01 million net loss reported in 2024. For the fourth quarter, Net loss was $9.01 million (2024: Net loss of $6.62 million).
Consequently, Earnings Per Share for the year amounted to $0.03 (2024: LPS: $0.05), while Loss Per Share for the quarter totaled $0.04 (2024: LPS: $0.03). The twelve-month trailing EPS was $0.03, and the number of shares used in these calculations was 222,709,171.
Notably, PURITY’s stock price closed the trading period on April 2, 2026, at a price of $1.65 with a corresponding P/E ratio of 56.44x.
Balance Sheet Highlights
The company’s assets totalled $2.09 billion (2024: $2.11 billion).
Shareholder’s equity was $1.60 billion (2024: $1.61 billion), representing a book value per share of $7.19 (2024: $7.22).
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