July 30, 2025
Caribbean Cement Company Ltd (CCC)
Unaudited financials for the six months ended June 30, 2025:
Caribbean Cement Company Ltd (CCC) for the six months ended June 30, 2025, reported a 7% increase in Revenues totaling $16.33 billion compared to $15.28 billion in the corresponding period last year. Revenues for the second quarter had a 6% increase to close at $8.13 billion compared to $7.67 billion for the comparable quarter of 2024.
Cost of sales amounted to $11.00 billion (2024: $7.79 billion), this represents an increase of 41% year over year. Consequently, gross profit decreased by 29% to $5.33 billion compared to $7.50 billion for the six months ended June 30, 2024. The company booked gross profit of $1.55 billion for the second quarter versus $3.89 billion reported for the similar quarter of 2024.
Operating Expenses increased by 13% to close at $1.65 billion (2024: $1.45 billion). As such, Operating Profit before other income and expenses decreased by 39% from $6.04 billion in 2024 to $3.69 billion in the period under review.
Other expenses for the six months ended June 30, 2025, amounted to $575.08 million, a 15% decrease relative to $679.45 million reported in 2024.
Consequently, Operating profit for the six months ended June 30, 2025, amounted to $3.11 billion, a 42% decrease relative to $5.39 billion reported in 2024. Operating profit for the second quarter amounted to $421.51 million (2024: $2.76 billion). CCC highlighted, “This decline was primarily driven by the planned annual maintenance shutdown, which significantly increased costs during the quarter. While this impacted short-term profitability, the investment is expected to enhance operational efficiency, improve production capacity to meet the demands of the local market, and support the company’s strategic entry into export markets.”
Net Finance Income totalled $115.68 million a 1% increase from the corresponding period last year. (2024: $114.58 million).
Profit before taxation for the six months ended June 30, 2025, amounted to $3.26 billion, a 40% decrease relative to $5.43 billion reported in 2024. Profit before taxation for the second quarter amounted to $500.76 million (2024: $2.80 billion).
Taxation charge for the six months ended June 30, 2025, had a 38% decrease to reach $719.36 million (2024: $1.15 billion). As such, Net Profit for the six months amounted to $2.54 billion, a 41% decrease from the $4.28 billion reported in 2024. For the second quarter, Net Profit was $543.94 million (2024: $2.35 billion).
Consequently, Earnings Per Share for the six months amounted to $2.98 (2024: EPS: $5.03), while Earnings Per Share for the quarter totaled $0.64 (2024: EPS: $2.76). The twelve-month trailing EPS was $4.95, and the number of shares used in these calculations was 851,136,591.
Notably, CCC’s stock price closed the trading period on July 29, 2025, at a price of $84.83 with a corresponding P/E ratio of 17.15x.
Balance Sheet Highlights
The company’s assets totalled $45.21 billion (2024: $39.60 billion). The growth in total assets was primarily driven by a $5.13 billion or 21% increase in “PPE’ from $24.85 billion in 2024 to $29.98 billion in the period.
Shareholder’s equity was $30.85 billion (2024: $28.39 billion), representing a book value per share of $36.24 (2024: $33.36).
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