November 13, 2025
Regency Petroleum Limited (RPL)
Unaudited financials for the nine months ended September 30, 2025:
Regency Petroleum Limited (RPL) for the nine months ended September 30, 2025, reported a 5% increase in Operating Revenue totaling $1.34 billion compared to $1.28 billion in the corresponding period last year. Revenue for the third quarter rose 21% to $477.92 million, supported by the operation of three full-service stations versus two in Q3 2024 and continued double-digit growth in the LPG segment.
Year to date, Direct expenses amounted to $1.08 billion (2024: $1.09 billion), reflecting a marginal decline. This, combined with higher volumes, drove Gross Profit up 32% to $260.83 million, while the gross margin improved from 15.36% to 19.43%. For the quarter, Gross Profit was $97.93 million, a 46% increase over Q3 2024.
Operating expenses grew 32% to $146.51 million, largely due to costs associated with the new Spanish Town Road station and IFRS 16 lease depreciation. Despite this, Operating Profit climbed 33% year to date to $115.23 million and surged 101% in Q3 to $45.35 million.
Finance costs rose sharply to $32.56 million from $4.46 million last year, driven by lease interest and higher bank charges from increased digital transactions. Consequently, Pretax Profit for the nine months was $82.66 million, up slightly from $81.97 million in 2024, while Q3 pretax profit improved 46% to $31.56 million (2024: $21.64 million). No tax charge was incurred, leaving Net Profit unchanged at $82.66 million year to date and $31.56 million for the quarter.
Consequently, Earnings Per Share for the nine months amounted to $0.058 (2024: EPS: $0.057), while Earnings Per Share for the quarter totaled $0.022 (2024: EPS: $0.015). The twelve-month trailing EPS was $0.06 and the number of shares used in these calculations was 1,435,786,770.
Notably, RPL’s stock price closed the trading period on November 13, 2025 at a price of $4.09 with a corresponding P/E ratio of 66.93x.
The company highlighted resilience following Hurricane Melissa, with quick reopening of affected stations and insurance coverage for damaged assets. Expansion plans remain on track, including the Norman Manley International Airport station and LPG household segment, alongside progress on the St. Elizabeth truck stop project.
Balance Sheet Highlights
The company’s assets totaled $1.20 billion (2024: $781.24 million). The movement in total assets was mainly attributable to a 4357% increase in ‘Right of use asset’ amounting to $253.26 million (2024: $5.68 million) and a $122.13 million increase in ‘Plant, property and equipment’ amounting to $567.18 million (2024: $445.05 million).
Shareholders’ equity was $597.51 million (2024: $516.58 million), representing a book value per share of $0.42 (2024: $0.36).
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