March 02, 2026
Caribbean Flavours and Fragrances Limited (CFF)
Audited financials for the twelve months ended December 31, 2025:
Caribbean Flavours and Fragrances Limited (CFF) for the twelve months ended December 31, 2025, reported a 13% increase in Revenue, totalling $1.00 billion compared to $884.68 million in the corresponding period last year. Revenue for the fourth quarter had a 14% decrease to close at $208.31 million compared to $242.51 million for the comparable quarter of 2024.
Cost of Sales amounted to $612.04 million (2024: $567.45 million), representing an 8% increase year over year. Consequently, gross profit increased by 23% to $389.99 million compared to $317.24 million for the twelve months ended December 31, 2024. The company booked gross profit of $57.88 million for the fourth quarter versus $85.22 million reported for the similar quarter of 2024.
Administrative Expenses increased by 19% to close at $248.03 million (2024: $208.52 million), while Selling & Distribution costs decreased by 44% from $14.86 million in 2024 to $8.30 million in the period under review. As a result, total expenses for the twelve months ended December 31, 2025, amounted to $256.32 million, a 15% increase relative to $223.37 million reported in 2024.
Operating profit for the twelve months ended December 31, 2025, amounted to $129.71 million, a 35% increase relative to $95.74 million reported in 2024. Operating loss for the fourth quarter amounted to $19.66 million (2024: operating profit of $16.10 million).
Finance income, net totalled $15.46 million (2024: $13.64 million).
Pre-tax Profit for the twelve months ended December 31, 2025, amounted to $145.17 million, a 33% increase relative to $109.38 million reported in 2024. Pre-tax loss for the fourth quarter amounted to $16.03 million (2024: pre-tax profit of $19.02 million).
Taxation charge for the twelve months ended December 31, 2025, increased by 23% to $31.44 million (2024: $25.50 million). Net Profit for the twelve months amounted to $113.73 million, a 36% increase from the $83.88 million reported in 2024. For the fourth quarter, Net Loss was $6.48 million (2024: net profit of $15.52 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.13 (2024: EPS: $0.09), while Loss Per Share for the quarter totalled $0.01 (2024: EPS: $0.02). 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 February 27, 2026, at a price of $1.68, with a corresponding P/E ratio of 13.28x.
Balance Sheet Highlights
The company’s assets totalled $969.36 million (2024: $904.12 million). This increase was attributable to due from related party which amounted to $448.59 million (2024: $299.39 million).
Shareholders’ equity was $759.39 million (2024: $690.63 million), representing a book value per share of $0.84 (2024: $0.77).
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