November 12, 2026
GraceKennedy Group Ltd (GK)
Unaudited financials for the nine months ended September 30, 2026:
GraceKennedy Group Ltd (GK) for the nine months ended September 30, 2026, reported revenues of J$139.64 billion, representing an increase of 4% compared to J$133.89 billion in the corresponding period last year. Revenues for the third quarter grew by 4% to J$46.55 billion versus J$44.87 billion for the comparable quarter of 2025.
Expenses amounted to J$133.39 billion (2025: J$128.64 billion), reflecting a 4% year-over-year increase. Consequently, profit before other income rose by 19% to J$6.25 billion compared to J$5.25 billion for the nine months ended September 30, 2025. For the third quarter, profit before other income was J$1.88 billion, up from J$1.79 billion in the similar quarter of 2025.
Other income rose by 26% to J$4.58 billion (2025: J$3.62 billion). As a result, profit from operations increased by 22%, moving from J$8.87 billion in 2025 to J$10.83 billion in 2026, an operating margin of 7.75% against 6.63% last year.
Interest income – non-financial services was flat at J$683.14 million (2025: J$684.46 million), while interest expense – non-financial services amounted to J$1.52 billion, down 2% from J$1.55 billion in 2025. Share of results of associates and joint ventures declined 29% to J$665.03 million compared to J$938.95 million last year.
Profit Before Taxation totalled J$10.65 billion, a 19% increase from J$8.94 billion in the prior year.
Taxation for the nine months ended September 30, 2026, was J$3.41 billion, up 34% from J$2.55 billion in 2025. Consequently, Net Profit for the period rose by 13% to J$7.24 billion (2025: J$6.40 billion).
Net profit attributable to shareholders amounted to J$6.97 billion, a 14% increase from J$6.11 billion reported in 2025. For the third quarter, net profit attributable to shareholders was J$2.22 billion (2025: J$1.86 billion).
Consequently, Earnings Per Share for the nine months amounted to $7.05 (2025: EPS: $6.18), while Earnings Per Share for the quarter totalled $2.24 (2025: EPS: $1.88). The twelve-month trailing EPS was $7.83, and the number of shares used in these calculations was 988,941,759.
Notably, GK’s stock price closed the trading period on November 12, 2026, at a price of $82.93 with a corresponding P/E ratio of 10.59x.
Balance Sheet Highlights
The company’s assets totalled $288.50 billion (2025: $258.20 billion). The growth in total assets was mainly due to increases in receivables, loans receivable, cash and deposits, and fixed assets. Receivables rose by J$11.45 billion or 43% year-over-year (J$38.17 billion vs J$26.71 billion), loans receivable increased by J$7.57 billion or 15% to J$58.49 billion (2025: J$50.91 billion), cash and deposits grew by J$5.95 billion or 27% to J$27.66 billion (2025: J$21.71 billion), and fixed assets climbed by J$5.32 billion or 16% to J$39.02 billion (2025: J$33.69 billion).
Shareholders’ equity was $98.01 billion (2025: $92.60 billion), representing a book value per share of $99.10 (2025: $93.03).
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