August 18, 2025
RADIO JAMAICA LIMITED(RJR)
Unaudited financials for the first quarter ended June 30, 2025:
RADIO JAMAICA LIMITED (RJR) for the first quarter ended June 30, 2025, reported a 5% decrease in revenue totaling $1.15 billion compared to $1.20 billion in the corresponding three months last year.
Year to date, Direct expenses amounted to $543.02 million (2024: $577.98 million), this represents a decrease of 6% year over year. Consequently, gross profit decreased by 3% to $605.31 million compared to $625.69 million for the first quarter ended June 30, 2024.
Administration expenses decreased by 8% to close at $370.93 million (2024: $402.21 million), while Selling expenses decreased by 9% from $247.92 million in 2024 to $225.87 million for the three months. Additionally, Other operating expenses increased by 14% to $205.90 million (2024: $181.36 million). As a result, Total Expenses for the first quarter amounted to $802.71 million, a 3% decrease relative to $831.49 million reported in 2024.
Operating Loss for the three months amounted to $169.40 million, a marginal decrease relative to the operating loss of $169.87 million reported in 2024. Finance Costs totaled $25.41 million, a 93% increase from the corresponding period last year. (2024: $13.18 million).
Loss before taxation for the first quarter ended June 30, 2025, amounted to $194.81 million, a 6% increase relative to the loss of $183.05 million reported in 2024.
Tax Credit for the three months had a 8% decrease to reach $14.36 million (2024: $15.57 million). Net Loss for the three months amounted to $180.46 million, a 8% increase from the $167.48 million reported in 2024.
Net loss attributable to shareholders amounted to $177.02 million for the three months ended June 30, 2025.
Consequently, Loss Per Share for the three months amounted to $0.06 (2024: LPS: $0.06). The twelve-month trailing LPS was $0.22, and the number of shares used in these calculations was 3,023,506,931. Notably, RJR’s stock price closed the trading period on August 15, 2025, at a price of $1.12.
Balance Sheet Highlights
The company’s assets totaled $5.89 billion (2024: $6.37 billion). The movement in total assets was primarily influenced by a 51% decrease in ‘Investment securities’ amounting $141.62 million (2024: $290.10 million) and 66% decrease in ‘Inventories’ amounting to $56.91 million. Additionally, Receivables decreased by $212.10 million amounting to $922.48 billion (2024: $1.14 billion).
Shareholder’s equity was $3.20 billion (2024: $3.96 billion), representing a book value per share of $1.06 (2024: $1.31).
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