December 17, 2025
Jamaica Broilers Group Limited (JBG)
Unaudited financials for the six months ended October 31, 2025:
Jamaica Broilers Group Limited (JBG) for the six months ended October 31, 2025, reported a 6% increase in Revenue totaling $50.28 billion compared to $47.60 billion in the corresponding period last year. Revenue for the second quarter had a 0% decrease to close at $24.09 billion compared to $24.15 billion for the comparable quarter of 2024.
Cost of Sales amounted to $39.93 billion (2024: $37.93 billion), this represents an increase of 5% year over year. Consequently, gross profit increased by 7% to $10.35 billion compared to $9.67 billion for the six months ended October 31, 2024. The company booked gross profit of $4.18 billion for the second quarter versus $5.12 billion reported for the similar quarter of 2024.
Other income increased by 364% to close at $654.67 million (2024: $141.22 million), while Distribution Costs increased by 76% from $1.50 billion in 2024 to $2.63 billion in the period under review. Also, administration and other expenses for the six months ended October 31, 2025, amounted to $5.08 billion, a 12% decrease relative to $5.77 billion reported in 2024.
Consequently, Operating Profit for the six months ended October 31, 2025, amounted to $3.29 billion, a 29% increase relative to $2.55 billion reported in 2024. Operating Profit for the second quarter amounted to $681.21 million (2024: $1.57 billion).
Finance Costs totalled $1.88 billion a 34% increase from the corresponding period last year. (2024: $1.40 billion).
Profit before taxation for the six months ended October 31, 2025, amounted to $1.48 billion, a 20% increase relative to $1.23 billion reported in 2024. Loss before taxation for the second quarter amounted to $232.57 million (2024: Pre-tax profit of $876.56 million).
Taxation for the six months ended October 31, 2025, had a 39% increase to reach $259.46 million (2024: $186.47 million). As such, Net Profit for the six months amounted to $1.22 billion, a 17% increase from the $1.04 billion reported in 2024. For the second quarter, Net Loss was $379.32 million (2024: Net profit of $756.07 million).
Management noted, “JBG’s performance for the period reflects ongoing challenges in its US Operations, where results were impacted by higher feed and production costs and sustained pressure on market selling prices, despite initiatives to optimize live-bird yields, improve plant efficiency, and adjust pricing where possible. Conversely, the Jamaican business demonstrated resilience, delivering a segment result of $3.6 billion, representing a 10% increase (up $333 million) over the prior year, even as total revenue declined by 1%, underscoring the strength of core operations and decisive actions aimed at restoring overall Group profitability.”
Consequently, Earnings Per Share for the six months amounted to $1.01 (2024: EPS: $0.87), while Loss Per Share for the quarter totaled $0.32 (2024: EPS: $0.63). The twelve-month trailing LPS was $5.88, and the number of shares used in these calculations was 1,199,276,400.
Notably, JBG’s stock price closed the trading period on December 16, 2025, at a price of $17.01.
Balance Sheet Highlights
The company’s assets totalled $109.47 billion (2024: $54.56 billion). JBG highlighted, “During the quarter, the Group completed the revaluation of its land and buildings, adding approximately $53 billion, to asset values and increasing stockholders’ equity by $41 billion, net of deferred taxes, significantly strengthening our balance sheet. Stockholders’ equity now stands at $32 billion.”
Shareholder’s equity was $31.54 billion (2024: Deficit of $712.21 million), representing a book value per share of $26.30 (2024: deficit of $0.59).
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