December 18, 2025
Massy Holdings Limited (MASSY)
Audited financials for the twelve months ended September 30, 2025
All figures are stated in TT$ unless otherwise indicated.
Massy Holdings Limited (MASSY), for the twelve months ended September 30, 2025, reported a 3% increase in revenue totaling TT$15.83 billion, compared to TT$15.35 billion in the corresponding period last year. Revenue for the fourth quarter increased by 1% to TT$3.99 billion, relative to TT$3.96 billion for the comparable quarter of 2024.
Finance costs amounted to TT$256.76 million (2024: TT$291.65 million), representing a 12% year-over-year decrease. Consequently, operating profit after finance costs increased by 15% to TT$1.12 billion, compared to TT$976.75 million for the twelve months ended September 30, 2024. The company recorded operating profit after finance costs of TT$325.13 million for the fourth quarter, versus TT$373.15 million reported for the similar quarter of 2024.
The share of profit of associates and joint ventures decreased by 85% to TT$17.30 million (2024: TT$119.03 million), while profit before income tax increased by 4%, rising from TT$1.10 billion in 2024 to TT$1.14 billion in the period under review. As a result, income tax expense for the twelve months ended September 30, 2025, amounted to TT$374.70 million, representing an 11% decrease relative to TT$421.47 million reported in 2024.
Profit for the year from continuing operations for the twelve months ended September 30, 2025, amounted to TT$766.26 million, a 14% increase relative to TT$674.31 million reported in 2024. Profit for the year from continuing operations for the fourth quarter amounted to TT$236.84 million (2024: TT$219.21 million). Profit after tax from discontinued operations totaled TT$11.31 million, reflecting a 70% decrease from the corresponding period last year (2024: TT$38.12 million).
Profit for the year for the twelve months ended September 30, 2025, amounted to TT$777.58 million, a 9% increase relative to TT$712.43 million reported in 2024. Profit for the year for the fourth quarter amounted to TT$234.33 million (2024: TT$239.21 million).
Profit attributable to owners of the parent for the twelve months ended September 30, 2025, increased by 9% to TT$722.24 million (2024: TT$660.60 million). For the quarter ended September 30, 2025, profit attributable to owners of the parent declined by 3% to TT$221.76 million (2024: TT$227.99 million).
Total comprehensive income for the twelve-month period amounted to TT$914.21 million, a 23% increase from TT$745.07 million reported in 2024. For the fourth quarter, total comprehensive income was TT$370.96 million (2024: TT$271.85 million).
Consequently, earnings per share for the twelve months amounted to TT$0.37/J$8.70 (2024: TT$0.33/J$7.83), while earnings per share for the quarter totaled TT$0.11/J$2.67 (2024: TT$0.12/J$2.70). The twelve-month trailing EPS stood at TT$0.37/J$8.70, based on 1,979,384,540 shares outstanding.
Notably, MASSY’s stock price closed the trading period on December 17, 2025, at J$76.00, with a corresponding price-to-earnings ratio of 8.73 times.
Balance Sheet Highlights
The company’s assets totaled TT$16.29 billion (2024: TT$15.64 billion). This increase was primarily attributable to property, plant, and equipment, which amounted to TT$3.82 billion (2024: TT$3.64 billion).
Shareholders’ equity stood at TT$8.14 billion (2024: TT$7.79 billion), representing a book value per share of TT$4.11/J$98.05 (2024: TT$3.93/J$92.22).
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