May 15, 2026
GraceKennedy Group Ltd (GK)
Unaudited financials for the three months ended March 31, 2026:
GraceKennedy Group Ltd (GK) for the three months ended March 31, 2026, reported revenues of J$47.48 billion, representing an increase of 7% compared to J$44.22 billion in the corresponding period last year.
Expenses amounted to J$45.09 billion (2025: J$42.42 billion), reflecting a 6% year-over-year increase. Consequently, profit before other income grew by 34% to J$2.39 billion compared to J$1.79 billion for the three months ended March 31, 2025.
Other income rose by 6% to J$1.24 billion (2025: J$1.18 billion). As a result, profit from operations increased by 22%, moving from J$2.97 billion in 2025 to J$3.64 billion in 2026.
Interest income – non-financial services decreased by 4% to J$204.13 million (2025: J$212.69 million), while interest expense – non-financial services amounted to J$501.63 million, down 2% from J$510.24 million in 2025. Share of results of associates and joint ventures declined 60% to J$195.55 million compared to J$489.13 million last year.
Profit Before Taxation totalled J$3.53 billion, a 12% increase from J$3.16 billion in the prior year.
Taxation for the three months ended March 31, 2026, was J$1.10 billion, up 28% from J$852.97 million in 2025. Consequently, Net Profit for the period rose by 6% to J$2.44 billion (2025: J$2.31 billion).
Net profit attributable to shareholders amounted to J$2.36 billion, a 6% increase from J$2.22 billion reported in 2025.
Consequently, Earnings Per Share for the three months amounted to $2.39 (2025: EPS: $2.25). The twelve-month trailing EPS was $7.10, and the number of shares used in these calculations was 988,941,759.
Notably, GK’s stock price closed the trading period on May 14, 2026, at a price of $71.09 with a corresponding P/E ratio of 10.01x.
Balance Sheet Highlights
The company’s assets totalled $275.69 billion (2025: $242.60 billion). The growth in total assets was mainly due to increases in receivables, loans receivable, inventories, fixed assets, and cash. Receivables climbed by J$8.79 billion or 36% to J$33.19 billion (2025: J$24.40 billion), loans receivable increased by J$5.59 billion or 12% to J$52.51 billion (2025: J$46.93 billion), inventories grew by J$4.28 billion or 19% to J$26.51 billion (2025: J$22.24 billion), fixed assets rose by J$3.64 billion or 11% to J$37.29 billion (2025: J$33.65 billion), and cash and deposits increased by J$9.86 billion or 37% to J$36.20 billion (2025: J$26.33 billion).
Shareholders’ equity was $94.93 billion (2025: $89.72 billion), representing a book value per share of $95.99 (2025: $90.72).
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