August 15, 2025
Jamaica Producers Limited (JP)
Unaudited financials for the six months ended June 30, 2025
Jamaica Producers Limited (JP) reported a 17% increase in turnover for the six months ended June 30, 2025, totaling $61.41 million compared to $52.30 million in the corresponding period last year. Turnover for the second quarter increased by 23%, closing at $30.72 million compared to $24.97 million for the comparable quarter of 2024.
Net investment income amounted to $42.87 million (2024: $44.75 million), representing a decrease of 4.2% year over year. Total income amounted to $104.28 million (2024: $97.05 million).
Administrative and other operating expenses decreased by 4.92% to $124.84 million (2024: $131.30 million). Operating loss decreased by 40%, from $34.25 million in 2024 to $20.56 million in the period under review. As a result, the share of profit in the associated company and joint venture for the six months ended June 30, 2025, amounted to $1.28 billion, a 104% increase compared to $628.71 million reported in 2024.
Profit before finance costs and taxation for the six months ended June 30, 2025, amounted to $1.26 billion, an increase of 112% compared to $594.46 million reported in 2024. Profit before finance costs and taxation for the second quarter amounted to $673.37 million (2024: $345.54 million). Finance costs totaled $9.67 million, a 25% decrease from the corresponding period last year (2024: $12.84 million).
Profit before income tax for the six months ended June 30, 2025, amounted to $1.25 billion, an increase of 115% compared to $581.62 million reported in 2024. Profit before income tax for the second quarter amounted to $668.90 million (2024: $338.44 million).
The taxation credit for the six months ended June 30, 2025, increased by 143% to $2.33 million (2024: taxation charge of $5.41 million). Net profit for the six months amounted to $1.25 billion, an increase of 117% compared to $576.21 million in 2024. For the second quarter, net profit was $667.08 million (2024: $336.94 million).
Earnings per share for the six months amounted to $1.12 (2024: $0.51), while earnings per share for the quarter totaled $0.59 (2024: $0.30). The twelve-month trailing EPS was $2.04, and the number of shares used in these calculations was 1,122,144,036.
JP’s stock price closed the trading period on August 14, 2025, at $24.00, with a corresponding P/E ratio of 11.77x.
Balance Sheet Highlights
The company’s assets totaled $39.77 billion (2024: $37.18 billion). This increase was attributable to interest in associated companies and joint ventures, which amounted to $36.70 billion (2024: $34.18 billion).
Shareholders’ equity was $39.28 billion (2024: $36.75 billion), representing a book value per share of $35.01 (2024: $32.75).
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
