November 14, 2025
Jamaica Broilers Group Limited (JBG)
Unaudited financials for the first quarter ended August 2, 2025:
Jamaica Broilers Group Limited (JBG) for the first quarter ended August 2, 2025, reported a 12% increase in revenue totalling $26.19 billion compared to $23.46 billion in the corresponding three months last year.
Cost of Sales amounted to $20.02 billion (2024: $18.90 billion), this represents an increase of 6% year over year. Consequently, gross profit increased by 35% to $6.17 billion compared to $4.56 billion for the first quarter ended July 27, 2024.
Other income increased by 789% to close at $486.80 million (2024: $54.78 million), while Distribution Costs increased by 108% from $737.40 million in 2024 to $1.53 billion for the three months. Also, Administration and other expenses for the first quarter amounted to $2.51 billion, a 13% decrease relative to $2.89 billion reported in 2024.
Consequently, Operating Profit for the three months amounted to $2.61 billion, a 167% increase relative to $980.00 million reported in 2024.
Notably, Jamaica Operations delivered strong results with a notable increase in segment performance, primarily driven by higher poultry sales, while US Operations recorded significant growth supported by increased sales of poultry and fertile eggs. Both segments showed year-over-year improvements in revenue and profitability, reflecting robust demand across key product lines.
Finance Costs totalled $951.67 million a 46% increase from the corresponding period last year. (2024: $653.03 million).
Profit before taxation for the first quarter ended August 2, 2025, amounted to $1.71 billion, a 389% increase relative to $349.57 million reported in 2024.
Taxation for the three months had a 71% increase to reach $112.70 million (2024: $65.97 million). As such, Net Profit for the three months amounted to $1.60 billion, a 463% increase from the $283.60 million reported in 2024.
Consequently, Earnings Per Share for the three months amounted to $1.33 (2024: EPS: $0.24). The twelve-month trailing LPS was $4.93, and the number of shares used in these calculations was 1,199,276,400.
Notably, JBG’s stock price closed the trading period on November 13, 2025, at a price of $23.08.
Balance Sheet Highlights
The company’s assets totalled $56.91 billion (2024: $54.74 billion). Notably, Inventories increased by $1.24 billion to close at $12.03 billion and Receivables grew by $1.33 billion to close at $8.35 billion. However, PPE declined by $673.17 million to close at $21.51 billion, partly offsetting the uptrend.
JBG highlighted, “The Group has now completed a revaluation of certain assets in accordance with IFRS. The revaluation resulted in an increase of approximately $40 billion, to the carrying value of these assets to better reflect their current fair market value. The revaluation will be reflected in the company’s financial statements for the quarter ended November 1, 2025, reinforcing the company’s strong financial position and long-term asset base.”
Shareholder’s deficit was $8.57 billion (2024: $10.03 billion), representing a book deficit per share of $7.14 (2024: $8.37).
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