August 14, 2025
The Consolidated Bakeries (Jamaica) Limited (PURITY)
Unaudited financials for the six months ended June 30, 2025:
The Consolidated Bakeries (Jamaica) Limited (PURITY) for the six months ended June 30, 2025, reported a 3% increase in Revenue totaling $908.02 million compared to $879.69 million in the corresponding period last year. Revenue for the second quarter had a 17% increase to close at $414.07 million compared to $354.62 million for the comparable quarter of 2024.
Cost of Sales amounted to $543.94 million (2024: $546.59 million). Consequently, gross profit increased by 9% to $364.08 million compared to $333.10 million for the six months ended June 30, 2024. The company booked gross profit of $175.45 million for the second quarter versus $133.36 million reported for the similar quarter of 2024.
Selling Expenses decreased by 9% to close at $127.86 million (2024: $141.06 million), while Admin Exp increased by 3% from $162.58 million in 2024 to $167.09 million in the period under review. As a result, total expenses for the six months ended June 30, 2025, amounted to $319.26 million, a 2% decrease relative to $326.13 million reported in 2024.
Operating Profit for the six months ended June 30, 2025, amounted to $44.81 million, a 543% increase relative to $6.97 million reported in 2024. Operating Profit for the second quarter amounted to $11.70 million (2024: Operating loss of $18.20 million).
Finance Cost totalled $13.30 million a 43% increase from the corresponding period last year. (2024: $9.29 million).
Pre-tax profit for the six months ended June 30, 2025, amounted to $32.27 million, relative to Pre-tax loss of $2.07 million reported in 2024. Pre-tax profit for the second quarter amounted to $5.53 million (2024: Pre-tax loss of $22.22 million).
Taxation for the six months ended June 30, 2025, amounted to $6.69 million (2024: Nil). As such, Net Profit for the six months amounted to $25.59 million, compared to Net loss of $2.07 million reported in 2024. For the second quarter, Net Profit was $5.53 million (2024: Net loss of $22.22 million).
Consequently, Earnings Per Share for the six months amounted to $0.11 (2024: LPS: $0.01), while Earnings Per Share for the quarter totaled $0.02 (2024: LPS: $0.10). The twelve-month trailing EPS was $0.07, and the number of shares used in these calculations was 222,709,171.
Notably, PURITY’s stock price closed the trading period on August 13, 2025, at a price of $1.26 with a corresponding P/E ratio of 17.93x.
Balance Sheet Highlights
The company’s assets totalled $2.08 billion (2024: $1.21 billion). The growth in total assets was mainly due to a $873.81 million or 103% increase in ‘PPE’ from $851.84 million in 2024 to $1.73 billion in 2025.
Shareholder’s equity was $1.63 billion (2024: $711.00 million), representing a book value per share of $7.34 (2024: $3.19).
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