October 30, 2025
Caribbean Cement Company Ltd (CCC)
Unaudited financials for the nine months ended September 30, 2025:
Caribbean Cement Company Ltd (CCC) for the nine months ended September 30, 2025, reported a 14% increase in Revenues totaling $24.40 billion compared to $21.49 billion in the corresponding period last year. Revenues for the third quarter had a 30% increase to close at $8.07 billion compared to $6.21 billion for the comparable quarter of 2024. CCC highlighted, “This growth was supported by improved weather conditions in 2025, in contrast to 2024 when heavy rainfall negatively affected performance.”
Cost of sales amounted to $15.02 billion (2024: $12.24 billion), this represents an increase of 23% year over year. Consequently, gross profit increased by 1% to $9.39 billion compared to $9.25 billion for the nine months ended September 30, 2024. The company booked gross profit of $4.05 billion for the third quarter versus $1.76 billion reported for the similar quarter of 2024.
Operating Expenses increased by 9% to close at $2.39 billion (2024: $2.20 billion). Consequently, Operating Profit before Int. Exp. decreased by 1% from $7.05 billion in 2024 to $6.99 billion in the period under review.
Other expenses for the nine months ended September 30, 2025, amounted to $876.06 million, a 18% increase relative to $1.07 billion reported in 2024, while other income increased by 510% to $203.38 million (2024: $33.32 million).
Operating profit for the nine months ended September 30, 2025, amounted to $6.32 billion, a 5% increase relative to $6.02 billion reported in 2024. Operating profit for the third quarter amounted to $3.20 billion (2024: $625.12 million). CCC noted, “This significant rise was largely driven by enhanced operational efficiency following the completion of the expansion project, which increased production capacity and reduced unit production costs, contributing to a strong gross profit margin of 50.2%. Furthermore, the company carried out its planned annual maintenance shutdown in the second quarter of 2025, whereas in 2024, it occurred in the third quarter, resulting in higher comparative costs during that period.”
Interest income totalled $312.11 million a 6% increase from the corresponding period last year. (2024: $295.64 million). Interest expenses amounted to $138.25 million (2024: $93.65 million).
Profit before taxation for the nine months ended September 30, 2025, amounted to $6.49 billion, a 4% increase relative to $6.23 billion reported in 2024. Profit before taxation for the third quarter amounted to $3.23 billion (2024: $794.56 million).
Taxation charge for the nine months ended September 30, 2025, had a 26% increase to reach $1.66 billion (2024: $1.32 billion). As such, Net Profit for the nine months amounted to $4.83 billion, a 2% decrease from the $4.91 billion reported in 2024. For the third quarter, Net Profit was $2.29 billion (2024: $629.78 million).
Consequently, Earnings Per Share for the nine months amounted to $5.68 (2024: EPS: $5.77), while Earnings Per Share for the quarter totaled $2.70 (2024: EPS: $0.74). The twelve-month trailing EPS was $6.90 and the number of shares used in these calculations was 851,136,591.
Notably, CCC’s stock price closed the trading period on October 24, 2025, at a price of $92.41 with a corresponding P/E ratio of 13.39x.
Balance Sheet Highlights
The company’s assets totalled $44.96 billion (2024: $39.40 billion). The growth in total assets was primarily due to a 21% or $5.25 billion increase in Property, Plant and Equipment during the period.
Shareholder’s equity was $31.33 billion (2024: $27.37 billion), representing a book value per share of $36.81 (2024: $32.16).
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