December 15, 2025
Salada Foods Jamaica Ltd. (SALF)
Audited financials for the twelve months ended September 30, 2025
Salada Foods Jamaica Ltd. (SALF) reported an 8% increase in turnover for the twelve months ended September 30, 2025, totaling $1.60 billion, compared with $1.48 billion in the corresponding period last year. Turnover for the fourth quarter increased by 29% to $450.32 million, compared with $350.33 million for the comparable quarter of 2024.
Cost of sales amounted to $1.11 billion (2024: $1.03 billion), representing an 8% year-over-year increase. Consequently, gross profit rose by 7% to $487.95 million, compared with $456.74 million for the twelve months ended September 30, 2024. Gross profit for the fourth quarter totaled $138.47 million, versus $93.39 million reported for the similar quarter of 2024.
Other operating income declined by 29% to $1.36 million (2024: $1.92 million), while selling and promotional expenses increased by 11%, rising from $73.55 million in 2024 to $81.45 million during the period under review. As a result, administrative expenses for the twelve months ended September 30, 2025, amounted to $188.96 million, representing a 20% increase relative to $158.08 million reported in 2024.
Operating profit for the twelve months ended September 30, 2025, amounted to $218.90 million, a 4% decrease compared with $227.03 million reported in 2024. Operating profit for the fourth quarter amounted to $76.57 million (2024: $26.69 million). Net finance income totaled $16.26 million, representing a 33% decline from the corresponding period last year (2024: $24.17 million).
Profit before taxation for the twelve months ended September 30, 2025, amounted to $235.16 million, a 6% decrease relative to $251.19 million reported in 2024. Profit before taxation for the fourth quarter amounted to $75.40 million (2024: $34.95 million).
The taxation charge for the twelve months ended September 30, 2025, increased by 4% to $63.69 million (2024: $61.31 million). Net profit for the twelve months amounted to $171.47 million, representing a 10% decline from $189.88 million reported in 2024. For the fourth quarter, net profit totaled $51.65 million (2024: $27.73 million).
Total comprehensive income for the twelve months amounted to $174.47 million, representing a 10% decline from $194.31 million reported in 2024.
Consequently, earnings per share for the twelve months amounted to $0.17 (2024: $0.18), while earnings per share for the quarter totaled $0.05 (2024: $0.03). The trailing twelve-month EPS stood at $0.17, based on 1,038,832,900 shares in issue.
Notably, SALF’s stock price closed the trading period on December 12, 2025, at $2.95, corresponding to a price-to-earnings ratio of 17.87 times.
Balance Sheet Highlights
Total assets amounted to $1.60 billion (2024: $1.51 billion). This increase was primarily attributable to inventories totaling $552.45 million (2024: $420.57 million).
Shareholders’ equity stood at $1.20 billion (2024: $1.16 billion), representing a book value per share of $1.16 (2024: $1.12).
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