May 15, 2026
Jamaica Producers Group Limited (JP)
Unaudited financials for the three months ended March 31, 2026:
Jamaica Producers Group Limited (JP) for the three months ended March 31, 2026, reported a 39% decrease in Total Income, amounting to $40.01 million compared to $65.73 million in the corresponding period last year. Rental Income increased by 5% to $32.34 million compared to $30.69 million in 2025, while Net Investment Income declined by 78% to $7.67 million compared to $35.04 million in the prior year.
Administrative and other operating expenses decreased by 15% to $53.43 million compared to $62.56 million in 2025. As a result, the company reported a loss from operations of $13.42 million compared to an operating profit of $3.17 million in the corresponding period last year.
Share of profits in associate amounted to $168.75 million, representing a 71% decrease relative to $582.79 million reported in 2025. Management noted that the reduction in earnings was due principally to lower earnings from the Group’s 34.6% investment in Pan Jamaica Group Limited, which was impacted by lower earnings in its Financial Services, Specialty Foods, and Corporate Services segments.
Profit before finance cost and taxation for the first quarter ended March 31, 2026, amounted to $155.33 million, a 74% decrease relative to $585.96 million reported in 2025.
Finance Cost totalled $4.79 million, an 8% decrease from the corresponding period last year (2025: $5.20 million). Profit Before Taxation for the three months amounted to $150.54 million, a 74% decrease relative to $580.76 million reported in 2025.
Taxation charge for the quarter amounted to $1.57 million, compared to a taxation credit of $4.15 million in the prior year. Consequently, Net Profit for the three months amounted to $148.97 million, a 75% decrease from $584.91 million reported in 2025.
Consequently, Earnings Per Share for the first quarter amounted to $0.13, or 13.28 cents, compared to $0.52, or 52.12 cents, in 2025. The twelve-month trailing EPS was $1.65, and the number of shares used in these calculations was 1,122,144,036.
Notably, JP’s stock price closed the trading period on May 14, 2026, at a price of $24.11 with a corresponding P/E ratio of 14.61x.
Balance Sheet Highlights
The company’s total assets amounted to $40.58 billion (2025 $38.69 billion). The increase was mainly driven by Interest in Associate, which rose to $37.30 billion from $35.72 billion, as well as Investment Property, which increased to $2.06 billion from $1.86 billion.
Shareholders’ equity totalled $40.03 billion (2025: $38.23 billion), representing a book value per share of $35.68 (2025: $34.07).
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