May 18, 2026
The Consolidated Bakeries (Jamaica) Limited (PURITY)
Unaudited financials for the first quarter ended March 31, 2026:
The Consolidated Bakeries (Jamaica) Limited (PURITY) for the first quarter ended March 31, 2026, reported a 16% increase in Revenue totalling $572.90 million compared to $493.95 million in the corresponding three months last year.
Cost of Sales amounted to $350.33 million (2025: $305.32 million), representing an increase of 15% year over year. Consequently, Gross Profit increased by 18% to $222.56 million compared to $188.63 million for the first quarter ended March 31, 2025.
Depreciation declined by 2% to $14.33 million (2025: $14.68 million), while Administrative and Other Expenses increased by 11% from $78.31 million in 2025 to $86.64 million for the three months. Selling and Distribution Expenses increased by 16% to close at $72.76 million (2025: $62.53 million). As a result, Total Operating Expenses for the first quarter amounted to $173.73 million, a 12% increase relative to $155.52 million reported in 2025.
Profit from Operations for the three months amounted to $48.83 million, a 47% increase relative to $33.12 million reported in 2025. Interest and Other Income amounted to $43,743 compared to a loss of $122,779 in 2025. Finance Costs totalled $8.94 million, a 43% increase from the corresponding period last year (2025: $6.25 million).
Profit Before Tax for the first quarter ended March 31, 2026, amounted to $39.94 million, a 49% increase relative to $26.74 million reported in 2025.
Taxation for the three months amounted to $9.98 million, a 49% increase from $6.69 million reported in 2025. Net Profit for the three months amounted to $29.95 million, a 49% increase from the $20.06 million reported in 2025.
Consequently, Earnings Per Share for the three months amounted to $0.13 (2025: EPS: $0.09). The twelve-month trailing EPS was $0.07, and the number of shares used in these calculations was 222,709,171.
Notably, PURITY’s stock price closed the trading period on May 15, 2026, at a price of $1.31 with a corresponding P/E ratio of 17.78x.
Balance Sheet Highlights
The company’s assets totalled $2.15 billion (2025: $2.12 billion). The increase in total assets was mainly driven by Trade and Other Receivables, which rose to $262.83 million from $207.44 million, as well as Cash and Cash Equivalents, which increased to $86.65 million from $52.34 million. This was partly offset by a decline in Property, Plant and Equipment to $1.71 billion from $1.73 billion, as well as lower Inventories, which decreased to $91.97 million from $106.69 million.
Shareholders’ Equity was $1.631 billion (2025: $1.627 billion), representing a book value per share of $7.33 (2025: $7.31).
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