November 21, 2025
The Consolidated Bakeries (Jamaica) Limited (PURITY)
Unaudited financials for the nine months ended September 30, 2025:
The Consolidated Bakeries (Jamaica) Limited (PURITY) for the nine months ended September 30, 2025, reported a 3% increase in Revenue totaling $1.27 billion compared to $1.24 billion in the corresponding period last year. Revenue for the third quarter had a 2% increase to close at $366.36 million compared to $359.64 million for the comparable quarter of 2024.
Cost of Sales amounted to $754.60 million (2024: $759.08 million), this represents a decrease of 1% year over year. Consequently, gross profit increased by 8% to $519.78 million compared to $480.25 million for the nine months ended September 30, 2024. The company booked gross profit of $155.71 million for the third quarter versus $147.16 million reported for the similar quarter of 2024.
Selling Expense decreased by 2% to close at $196.20 million (2024: $200.87 million), while Admin costs increased by 3% from $237.62 million in 2024 to $243.82 million in the period under review. As a result, total expenses for the nine months ended September 30, 2025, amounted to $479.27 million, a 1% increase relative to $472.57 million reported in 2024.
Operating Profit for the nine months ended September 30, 2025, amounted to $40.51 million, a 427% increase relative to $7.68 million reported in 2024. Operating Profit loss for the third quarter amounted to $4.30 million (2024: Operating profit of $715,379).
Finance Cost totalled $19.08 million a 43% increase from the corresponding period last year. (2024: $13.33 million).
Pre-tax profit for the nine months ended September 30, 2025, amounted to $22.21 million, a 513% turnaround relative to Pre-tax loss of $5.38 million reported in 2024. Pre-tax loss for the third quarter amounted to $10.06 million (2024: $3.31 million).
Taxation for the nine months ended September 30, 2025, amounted to $6.69 million (2024: $0). As such, Net Profit for the nine months amounted to $15.52 million, a 388% improvement on the $5.38 million net loss reported in 2024. For the third quarter, Net loss was $10.06 million (2024: Net loss of $3.31 million).
Consequently, Earnings Per Share for the nine months amounted to $0.07 (2024: LPS: $0.02), while Loss Per Share for the quarter totaled $0.05 (2024: LPS: $0.01). The twelve-month trailing EPS was $0.04 and the number of shares used in these calculations was 222,709,171.
Notably, PURITY’s stock price closed the trading period on November 20, 2025, at a price of $1.53 with a corresponding P/E ratio of 38.28x.
Balance Sheet Highlights
The company’s assets totalled $2.07 billion (2024: $1.17 billion). The growth in total assets was mainly due to ‘PPE’ growing by $873.08 million or 103% to close the period at $1.72 billion (2024: $850.88 million).
Shareholder’s equity was $1.62 billion (2024: $707.84 million), representing a book value per share of $7.29 (2024: $3.18).
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