April 10, 2026
Paramount Trading (Jamaica) Limited (PTL)
Unaudited Financial Statements for the Nine Months Ended February 28, 2026
Paramount Trading (Jamaica) Limited (PTL) reported a 5% increase in revenue to $1.26 billion for the nine months ended February 28, 2026, compared to $1.20 billion in the corresponding period last year. Revenue for the third quarter increased 6% to $432.67 million, up from $409.23 million in the comparable quarter of 2025.
Direct Expenses amounted to $709.47 million (2025: $776.90 million), a decrease of 9% year over year. Consequently, Gross Profit increased by 32% to $554.12 million compared to $420.85 million for the nine months ended February 28, 2025. The company booked Gross Profit of $186.65 million for the third quarter, up from $154.99 million reported for the comparable quarter of 2025.
Other Operating Income increased to $38.82 million (2025: Other Operating Loss of $19.90 million), while Administrative Expenses increased 5% from $359.37 million in 2025 to $376.95 million in the period under review. Selling and Distribution Expenses declined 58% to $7.19 million (2025: $17.09 million). As a result, total Operating Expenses for the nine months ended February 28, 2026, amounted to $384.14 million, a 2% increase relative to $376.46 million reported in 2025.
Operating Profit for the nine months ended February 28, 2026, amounted to $208.80 million, compared to an Operating Profit of $24.49 million reported in 2025, representing a 752% increase. Operating Profit for the third quarter amounted to $50.79 million (2025: $31.69 million). Net Finance Costs totalled $61.59 million, a 4% decrease from the corresponding period last year (2025: $63.96 million), comprising Finance Income of $2.19 million (2025: $2.04 million) and Finance Costs of $63.78 million (2025: $65.99 million).
Profit Before Tax for the nine months ended February 28, 2026, amounted to $147.21 million, compared to a Loss Before Tax of $39.47 million in the corresponding period of 2025. Profit Before Tax for the third quarter amounted to $32.01 million (2025: $9.28 million), a 245% increase.
Taxation for the nine months ended February 28, 2026, amounted to $36.80 million (2025: nil). Net Profit for the nine months amounted to $110.41 million, compared to a Net Loss of $39.47 million reported in the corresponding period of 2025. Net Profit for the third quarter was $24.00 million (2025: $9.28 million), a 159% increase.
Earnings Per Share for the nine months amounted to $0.072 (2025: LPS of $0.026), while Earnings Per Share for the third quarter totalled $0.016 (2025: $0.006). The twelve-month trailing EPS was $0.12, and the number of shares used in these calculations was 1,542,467,080. Notably, PTL’s stock price closed at $1.10 on April 9, 2026, with a corresponding P/E ratio of 9.45x.
Balance Sheet Highlights
The company’s total assets amounted to $2.26 billion (2025: $2.18 billion), an increase of 3% year over year, with the growth primarily attributable to a 13% increase in Receivables to $515.79 million (2025: $470.43 million) and a 30% increase in Cash and Cash Equivalents to $85.48 million (2025: $65.73 million).
Total Shareholders’ Equity increased 14% to $1.14 billion (2025: $1.00 billion), driven by the accretion of Retained Earnings to $1.06 billion (2025: $922.56 million). Book value per share was $0.74 (2025: $0.65).
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.
