November 12, 2025

Jamaica Teas Limited (JAMT)

Unaudited Financials for the Twelve Months Ended September 30, 2025

Jamaica Teas Limited (JAMT) reported a 10% increase in Operating Revenues for the twelve months ended September 30, 2025, totaling $3.49 billion compared to $3.18 billion in the corresponding period last year. Operating Revenues for the fourth quarter rose by 9% to $855.33 million, up from $782.01 million in the comparable quarter of 2024.

Cost of Sales amounted to $2.75 billion (2024: $2.58 billion), reflecting a 7% year-over-year increase. As a result, Gross Profit grew by 22% to $740.49 million compared to $607.61 million for the same period in 2024. The company recorded a Gross Profit of $200.49 million for the fourth quarter versus $114.67 million in the corresponding quarter of 2024.

Other Income declined by 55% to $49.49 million (2024: $109.55 million). Sales and Marketing Costs decreased by 7%, moving from $47.47 million in 2024 to $43.93 million during the review period. Administrative Expenses for the twelve months ended September 30, 2025, totalled $506.17 million, representing a 10% increase relative to $450.68 million reported in 2024.

Finance Costs for the twelve months amounted to $66.20 million, a 16% increase from $56.98 million in 2024. For the fourth quarter, Finance Costs were $15.54 million compared to $18.88 million in the prior year. Profit Before Taxation totalled $322.46 million, a 5% increase over the corresponding period in 2024 ($305.81 million).

The Taxation charge for the twelve months ended September 30, 2025, amounted to $50.03 million, representing a 49% decline from $98.50 million in 2024. The Taxation charge for the fourth quarter was $47.78 million (2024: $210,093).

Net Profit for the twelve months increased by 31% to $272.43 million (2024: $207.31 million). Net Profit for the quarter rose sharply by 284% to $203.93 million (2024: $53.09 million). Profit attributable to shareholders for the twelve months amounted to $260.64 million, reflecting a 110% increase from $124.22 million in 2024. For the fourth quarter, Profit attributable to shareholders was $141.28 million (2024: $39.59 million).

Total comprehensive income attributable to shareholders for the year ended September 30, 2025, amounted to $260.64 million, compared to $192.08 million in 2024. For the fourth quarter, total comprehensive income attributable to shareholders was $141.28 million, compared to $39.59 million in the prior year.

Earnings Per Share for the twelve months amounted to $0.12, compared to $0.057 in 2024. Earnings Per Share for the fourth quarter totalled $0.065, compared to $0.018 in the prior year. The figure was derived from the total comprehensive income attributable to shareholders, based on 2,179,680,377 shares in issue.

As of November 11, 2025, JAMT’s stock price closed at $2.21, corresponding to a P/E ratio of 18.48x.

Balance Sheet Highlights
The company’s total assets stood at $5.65 billion (2024: $5.55 billion), driven primarily by higher inventories amounting to $739.52 million (2024: $557.27 million).

Shareholders’ equity increased to $3.35 billion (2024: $3.13 billion), representing a book value per share of $1.54 compared to $1.43 in 2024

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