May 09, 2025
Massy Holdings Limited (MASSY)
Unaudited Financials for the Six Months Ended March 31, 2025
All figures are stated in TT$ unless otherwise indicated.
Massy Holdings Limited (MASSY) reported a 4% increase in revenue for the six months ended March 31, 2025, totaling TT$7.92 billion, compared to TT$7.63 billion in the corresponding period last year. Revenue for the second quarter rose by 2% to TT$3.77 billion, up from TT$3.71 billion in the comparable quarter of 2024.
Operating profit after finance costs increased by 49% to TT$552.70 million, compared to TT$370.93 million for the six months ended March 31, 2024. For the second quarter, the company recorded operating profit after finance costs of TT$249.17 million, versus TT$87.08 million in the same quarter of 2024.
The share of profit from associates and joint ventures decreased by 96%, closing at TT$3.98 million (2024: TT$107.79 million). Meanwhile, profit before income tax rose by 16%, from TT$478.72 million in 2024 to TT$556.68 million in the period under review. Consequently, income tax expense for the six months ended March 31, 2025, amounted to TT$191.61 million, a 10% increase compared to TT$173.91 million in 2024.
Profit from continuing operations for the six-month period amounted to TT$365.07 million, a 20% increase from TT$304.81 million in 2024. For the second quarter, profit from continuing operations was TT$162.96 million (2024: TT$106.46 million). Profit after tax from discontinued operations totaled TT$11.14 million, a 155% increase from TT$4.38 million in the corresponding period last year.
Total profit for the six months ended March 31, 2025, amounted to TT$376.21 million, a 22% increase from TT$309.18 million in 2024. For the second quarter, total profit was TT$170.25 million (2024: TT$111.19 million).
Profit attributable to owners of the parent increased by 24% to TT$348.26 million (2024: TT$281.37 million).
As a result, earnings per share (EPS) for the six-month period amounted to TT$0.176 (2024: TT$0.142), while EPS for the quarter totaled TT$0.0797 (2024: TT$0.050). The twelve-month trailing EPS was TT$0.368, based on 1,979,384,540 shares outstanding.
Notably, MASSY’s stock price closed the trading period on May 8, 2025, at $79.00, reflecting a price-to-earnings (P/E) ratio of 9.15x.
Balance Sheet Highlights
The company’s total assets stood at TT$15.03 billion (2024: TT$15.56 billion), with the decline primarily attributable to a reduction in other current assets, which amounted to TT$4.96 billion (2024: TT$5.79 billion).
Shareholders’ equity was TT$7.78 billion (2024: TT$7.45 billion), representing a book value per share of TT$3.93 (2024: TT$3.76).
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