August 13, 2025
Caribbean Flavours and Fragrances Limited (CFF)
Unaudited financials for the six months ended June 30, 2025:
Caribbean Flavours and Fragrances Limited (CFF) for the six months ended June 30, 2025, reported an 18% increase in Revenue, totalling $529.24 million compared to $447.91 million in the corresponding period last year. Revenue for the second quarter increased by 16% to close at $302.80 million, compared to $260.35 million for the comparable quarter of 2024.
Cost of Sales amounted to $315.18 million (2024: $284.51 million), representing an 11% year-over-year increase. Consequently, gross profit increased by 31% to $214.06 million compared to $163.40 million for the six months ended June 30, 2024. The company booked gross profit of $116.80 million for the second quarter versus $98.28 million reported for the similar quarter of 2024.
Administrative Expenses increased by 13% to close at $110.00 million (2024: $97.48 million), while Selling & Distribution costs decreased by 44% from $4.48 million in 2024 to $2.51 million in the period under review. As a result, total expenses for the six months ended June 30, 2025, amounted to $112.50 million, a 10% increase relative to $101.96 million reported in 2024.
Operating profit for the six months ended June 30, 2025, amounted to $101.55 million, a 65% increase relative to $61.44 million reported in 2024. Operating profit for the second quarter amounted to $59.28 million (2024: $46.70 million). Finance Income totalled $7.48 million, a 1% increase from the corresponding period last year (2024: $7.39 million).
Pre-tax Profit for the six months ended June 30, 2025, amounted to $109.03 million, a 58% increase relative to $68.83 million reported in 2024. Pre-tax Profit for the second quarter amounted to $62.20 million (2024: $52.40 million).
Taxation for the six months ended June 30, 2025, increased by 69% to reach $27.00 million (2024: $16.00 million). Net Profit for the six months amounted to $82.03 million, a 55% increase from the $52.83 million reported in 2024. For the second quarter, Net Profit was $44.20 million (2024: $40.40 million).
Consequently, Earnings Per Share for the six months amounted to $0.09 (2024: EPS $0.06), while Earnings Per Share for the quarter totalled $0.05 (2024: 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 August 13, 2025, at $1.34, with a corresponding P/E ratio of 10.66x.
Balance Sheet Highlights
The company’s assets totalled $966.38 million (2024: $892.19 million). This increase was attributable to amounts due from related parties, which amounted to $337.91 million (2024: $248.69 million).
Shareholders’ equity was $772.66 million (2024: $704.54 million), representing a book value per share of $0.86 (2024: $0.78).
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