May 18, 2026
Caribbean Flavours and Fragrances Limited (CFF)
Unaudited financials for the first quarter ended March 31, 2026:
Caribbean Flavours and Fragrances Limited (CFF) for the first quarter ended March 31, 2026, reported a 3% increase in Revenue totalling $233.30 million compared to $226.44 million in the corresponding three months last year.
Cost of Sales amounted to $136.44 million (2025: $129.98 million), representing an increase of 5% year over year. Consequently, Gross Profit increased marginally to $96.86 million compared to $96.47 million for the first quarter ended March 31, 2025.
Selling and Distribution Costs decreased by 58% to close at $377,000 (2025: $895,000), while Administrative Expenses decreased by 5% from $55.82 million in 2025 to $53.11 million for the three months. As a result, Total Expenses for the first quarter amounted to $53.48 million, a 6% decrease relative to $56.71 million reported in 2025.
Operating Profit for the three months amounted to $43.38 million, a 9% increase relative to $39.75 million reported in 2025. Net Finance Income totalled $2.42 million, a 50% decrease from the corresponding period last year (2025: $4.79 million).
Profit Before Taxation for the first quarter ended March 31, 2026, amounted to $45.79 million, a 3% increase relative to $44.55 million reported in 2025.
Taxation for the three months amounted to $11.00 million, a 22% increase from $9.00 million reported in 2025. Net Profit for the three months amounted to $34.79 million, a 2% decrease from the $35.55 million reported in 2025.
Consequently, Earnings Per Share for the three months amounted to $0.04 (2025: EPS: $0.04). The twelve-month trailing EPS was $0.13, and the number of shares used in these calculations was 899,200,330.
Notably, CFF’s stock price closed the trading period on May 15, 2026, at a price of $1.21 with a corresponding P/E ratio of 9.63x.
Balance Sheet Highlights
The company’s assets totalled $937.39 million (2025: $871.34 million). The increase in total assets was mainly driven by Receivables, which rose to $170.29 million from $107.12 million, as well as Due from Related Parties, which increased to $446.11 million from $329.28 million. This was partly offset by a decline in Investment Securities to $15.00 million from $45.00 million and lower Cash and Cash Equivalents of $25.91 million compared to $35.77 million.
Shareholders’ Equity was $794.18 million (2025: $726.17 million), representing a book value per share of $0.88 (2025: $0.81).
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