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FTNA reports 37% decline in six months net profit

February 16, 2026

Fontana Limited(FTNA)

Unaudited financials for the six months ended December 31, 2025:

Fontana Limited (FTNA), for the six months ended December 31, 2025, reported a 12% increase in revenues to $5.36 billion, up from $4.78 billion in the corresponding period last year. Revenues for the second quarter grew 6% to $2.86 billion (2024: $2.71 billion).

Management noted that Q2 performance was materially impacted by Hurricane Melissa, including a 16‑day closure of the Company’s second‑largest location, reduced trading hours across western stores, and temporary disruption to its Montego Bay corporate offices; despite this, topline growth reflected brand resilience and contributions from recently acquired Monarch locations and new Ora concept stores.

Cost of Sales amounted to $3.34 billion (2024: $2.94 billion), a 14% year‑over‑year increase. Consequently, gross profit rose 10% to $2.01 billion, compared to $1.84 billion for the six months ended December 31, 2024. For the second quarter, gross profit totaled $1.09 billion (2024: $1.06 billion)

Administrative and Other Expenses increased 23% to $1.61 billion (2024: $1.32 billion), while Selling and Promotion expenses rose 11% to $47.64 million (2024: $42.76 million). As a result, total operating expenses for the six months ended December 31, 2025 were $1.66 billion, a 22% increase versus $1.36 billion in 2024.

Operating profit for the six months totaled $352.18 million, down 26% from $477.92 million in 2024. For the second quarter, operating profit was $252.21 million (2024: $375.31 million). Finance costs were $159.71 million, a 47% increase from $108.77 million in the corresponding period last year; other income for the six months rose 12% to $89.02 million (2024: $79.24 million).

Profit before taxation for the six months ended December 31, 2025 amounted to $281.49 million, a 37% decrease relative to $448.39 million reported in 2024. For the second quarter, profit before taxation was $230.47 million (2024: $376.02 million).

The taxation charge for the six months was $35.89 million (2024: $61.35 million). Net profit for the six months totaled $245.61 million, a 37% decline versus $387.05 million in 2024, while second‑quarter net profit was $201.00 million (2024: $326.58 million).

Consequently, Earnings Per Share for the six months amounted to $0.20 (2024: EPS: $0.31), while Earnings Per Share for the quarter totaled $0.16 (2024: EPS: $0.26). The twelve-month trailing EPS was $0.36, and the number of shares used in these calculations was 1,249,374,825.

Notably, FTNA’s stock price closed the trading period on February 13, 2026, at a price of $7.72 with a corresponding P/E ratio of 21.43x.

Balance Sheet Highlights

The company’s assets totaled $7.19 billion (2024: $5.71 billion). The movement in total assets was mainly attributable to a 343% increase in Intangible assets amounting to $864.08 million (2024: $195 million).

Shareholder’s equity was $3.12 billion (2024: $2.98 billion), representing a book value per share of $2.50 (2024: $2.39).

 

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