November 13, 2025
GraceKennedy Group Ltd(GK)
Unaudited financials for the nine months ended September 30, 2025:
GraceKennedy Group Ltd (GK) for the nine months ended September 30, 2025, reported revenues of J$133.89 billion, representing an increase of 6% compared to J$126.39 billion in the corresponding period last year. Revenues for the third quarter grew by 7% to J$44.87 billion versus J$42.01 billion for the comparable quarter of 2024.
Expenses amounted to J$128.64 billion (2024: J$120.00 billion), reflecting a 7% year-over-year increase. Consequently, profit before other income declined by 18% to J$5.25 billion compared to J$6.39 billion for the nine months ended September 30, 2024. For the third quarter, profit before other income was J$1.79 billion, down from J$2.12 billion in the similar quarter of 2024.
Other income rose by 7% to J$3.62 billion (2024: J$3.40 billion). As a result, profit from operations decreased by 9%, moving from J$9.79 billion in 2024 to J$8.87 billion in 2025.
Interest income – non-financial services increased by 7% to J$684.46 million (2024: J$638.68 million), while interest expense – non-financial services amounted to J$1.55 billion, up 5% from J$1.48 billion in 2024. Share of results of associates and joint ventures climbed 29% to J$938.95 million compared to J$728.25 million last year.
Profit Before Taxation totalled J$8.94 billion, an 8% decline from J$9.67 billion in the prior year.
Taxation for the nine months ended September 30, 2025, was J$2.55 billion, down 2% from J$2.61 billion in 2024. Consequently, Net Profit for the period fell by 9% to J$6.40 billion (2024: J$7.06 billion).
Net profit attributable to shareholders amounted to J$6.11 billion, an 8% decrease from J$6.62 billion reported in 2024. For the third quarter, net profit attributable to shareholders was J$1.86 billion (2024: J$2.19 billion).
Consequently, Earnings Per Share for the nine months amounted to $6.14 (2024: EPS: $6.66), while Earnings Per Share for the quarter totaled $1.87 (2024: EPS: $2.20). The twelve-month trailing EPS was $7.94 and the number of shares used in these calculations was 995,289,524.
Notably, GK’s stock price closed the trading period on November 13, 2025, at a price of $69.37 with a corresponding P/E ratio of 8.74x.
Balance Sheet Highlights
The company’s assets totalled $258.20 billion (2024: $236.64 billion). The growth in total assets was mainly due to increases in investment securities, loans receivable, inventories, and receivables. Investment securities rose by J$5.94 billion or 9% year-over-year (J$69.72 billion vs J$63.79 billion), loans receivable increased by J$6.22 billion or 14% to J$50.91 billion (2024: J$44.69 billion), inventories grew by J$4.29 billion or 18% to J$27.81 billion (2024: J$23.52 billion), and receivables climbed by J$6.30 billion or 31% to J$26.71 billion (2024: J$20.41 billion).
Shareholders’ equity was $92.60 billion (2024: $86.98 billion), representing a book value per share of $93.03 (2024: $87.39).
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