November 18, 2025
Jamaica Producers Limited (JP)
Unaudited financials for the nine months ended September 30, 2025
Jamaica Producers Limited (JP) reported a 9% increase in Turnover for the nine months ended September 30, 2025, amounting to $92.66 million compared to $85.29 million for the corresponding period last year. Turnover for the third quarter declined by 5% to $31.25 million, down from $32.99 million for the comparable quarter of 2024.
Net Investment Income totalled $52.25 million for the nine months, compared to $71.59 million in 2024. For the third quarter, Net Investment Income amounted to $10.28 million, compared to $26.84 million in the prior year. As a result, total income for the nine months amounted to $144.91 million, down from $156.89 million for the similar period in 2024. Total income for the third quarter was $41.53 million, compared to $59.84 million reported for the third quarter of 2024.
Selling, administrative and other operating expenses increased by 1% to $190.05 million, compared to $187.95 million in 2024. Operating Loss rose by 45%, moving from $31.06 million in 2024 to $45.14 million for the review period. The company also recorded a substantial operating loss for the quarter of $23.68 million, compared to an operating profit of $3.19 million in 2024.
Share of profit from associated companies and joint ventures amounted to $1.87 billion for the nine months, representing a 109% increase relative to $895.18 million in 2024. For the third quarter, Share of Profit amounted to $591.20 million, a 122% increase when compared to $266.46 million reported for the similar quarter of 2024.
Profit before finance cost and taxation for the nine months amounted to $1.83 billion, representing a 111% increase compared to $864.11 million in 2024. Profit before finance cost and taxation for the third quarter was $567.52 million, compared to $269.65 million in 2024. Finance Cost–Interest totalled $14.46 million, a 27% decrease from $19.89 million in 2024.
Profit Before Taxation for the nine months amounted to $1.81 billion, an increase of 115% relative to $844.23 million reported in 2024. For the third quarter, Profit Before Taxation was $562.73 million, compared to $262.61 million in 2024.
The company recorded a Taxation Credit of $510,000 for the nine months, compared to a Taxation Charge of $6.91 million in 2024. Net Profit amounted to $1.81 billion, up 116% from $837.32 million in 2024. Net Profit for the third quarter was $560.90 million, compared to $261.01 million in 2024.
Earnings Per Share for the nine months amounted to $1.61, compared to $0.75 in 2024. Earnings Per Share for the quarter totaled $0.50, compared to $0.23 in 2024. The twelve-month trailing EPS was $2.31, and the number of shares used in these calculations was 1,122,144,036.
JP’s stock price closed on November 18, 2025, at $22.04, which reflects a price-to-earnings ratio of 9.56 times.
Balance Sheet Highlights
The company’s assets totalled $40.49 billion, compared to $37.82 billion in 2024. This increase was primarily attributable to Interest in associated companies and joint ventures, which amounted to $37.36 billion (2024: $34.76 billion).
Shareholders’ equity stood at $40.00 billion, compared to $37.40 billion in 2024. This represents a book value per share of $35.64, compared to $33.33 in 2024.
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