August 13, 2025
Caribbean Producers Jamaica Limited (CPJ)
Unaudited financials for the six months ended June 30, 2025:
All figures are stated in USD unless otherwise indicated.
Caribbean Producers Jamaica Limited (CPJ) reported a 16% increase in gross operating revenue for the six months ended June 30, 2025, totaling US$88.37 million compared to US$75.91 million in the corresponding period last year. Gross operating revenue for the second quarter increased by 11% to US$42.40 million compared to US$38.08 million for the comparable quarter of 2024.
Cost of operating revenue amounted to US$64.20 million (2024: US$56.52 million), representing an increase of 14% year over year. Consequently, gross profit increased by 25% to US$24.17 million compared to US$19.40 million for the six months ended June 30, 2024. The company recorded gross profit of US$11.50 million for the second quarter versus US$7.81 million reported for the corresponding quarter of 2024.
Selling and administrative expenses increased by 26% to US$15.51 million (2024: US$12.34 million), while depreciation decreased by 11% from US$2.67 million in 2024 to US$2.38 million in the period under review. Other operating income for the six months ended June 30, 2025, amounted to US$39,927, a 93% decrease relative to US$588,602 reported in 2024.
Operating profit for the six months ended June 30, 2025, amounted to US$6.22 million, a 26% increase relative to US$4.92 million reported in 2024. Operating profit for the second quarter amounted to US$2.74 million (2024: US$2.02 million).
Finance income totalled US$459, a 98% decrease from the corresponding period last year (2024: US$24,318), while finance costs totalled US$1.79 million, a 26% increase from the corresponding period last year (2024: US$1.42 million).
Profit before taxation for the six months ended June 30, 2025, amounted to US$4.44 million, a 26% increase relative to US$3.53 million reported in 2024. Profit before taxation for the second quarter amounted to US$1.99 million (2024: US$1.52 million). Taxation for the six months ended June 30, 2025, increased by 131% to US$1.14 million (2024: US$496,263).
Net profit for the six months amounted to US$3.29 million, a 9% increase from the US$3.03 million reported in 2024. For the second quarter, net profit was US$1.49 million (2024: US$1.62 million).
Consequently, earnings per share for the six months amounted to US$0.30 (2024: US$0.31), while earnings per share for the quarter totalled US$0.14 (2024: US$0.17). The twelve-month trailing EPS was US$0.60, and the number of shares used in these calculations was 1,100,000,000.
Notably, CPJ’s stock price closed the trading period on August 13, 2025, at $8.45, with a corresponding P/E ratio of 8.84x.
Balance Sheet Highlights
The company’s assets totalled US$107.72 million (2024: US$98.39 million). This increase was attributable to the right-of-use asset, which amounted to US$13.17 million (2024: US$9.56 million).
Shareholders’ equity was US$41.49 million (2024: US$35.55 million), representing a book value per share of US$0.038 (2024: US$0.032).
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