May 15, 2026

Salada Foods Jamaica Ltd. (SALF)
Unaudited financials for the six months ended March 31, 2026:

Salada Foods Jamaica Ltd. (SALF) for the six months ended March 31, 2026, reported a 9% increase in Turnover totaling $838.78 million compared to $767.90 million in the corresponding period last year. Turnover for the second quarter had a 29% increase to close at $478.40 million compared to $369.71 million for the comparable quarter of 2025.

Cost of Sales amounted to $578.31 million (2025: $531.08 million), representing an increase of 9% year over year. Consequently, Gross Profit increased by 10% to $260.47 million compared to $236.82 million for the six months ended March 31, 2025. The company booked Gross Profit of $154.67 million for the second quarter versus $110.60 million reported for the similar quarter of 2025.

Other Operating Income increased by 39% to close at $896,000 (2025: $646,000), while Selling and Promotional Expenses increased by 12% from $41.12 million in 2025 to $46.14 million in the period under review. As a result, Administrative Expenses for the six months ended March 31, 2026, amounted to $87.50 million, a 2% decrease relative to $89.16 million reported in 2025.

Operating Profit for the six months ended March 31, 2026, amounted to $127.72 million, a 19% increase relative to $107.19 million reported in 2025. Operating Profit for the second quarter amounted to $88.15 million (2025: $43.45 million). Net Finance Income totalled $5.92 million, a 47% decrease from the corresponding period last year (2025: $11.24 million).

Profit Before Taxation for the six months ended March 31, 2026, amounted to $133.64 million, a 13% increase relative to $118.43 million reported in 2025. Profit Before Taxation for the second quarter amounted to $90.78 million (2025: $51.22 million).

Taxation for the six months ended March 31, 2026 had a 13% increase to reach $33.41 million (2025: $29.61 million). Net Profit for the six months amounted to $100.23 million, a 13% increase from the $88.82 million reported in 2025. For the second quarter, Net Profit was $68.08 million (2025: $38.42 million).

Total Comprehensive Income for the six months amounted to $103.23 million, a 16% increase relative to $88.82 million reported in 2025. For the second quarter, Total Comprehensive Income amounted to $68.08 million, compared to $38.42 million in the similar quarter of 2025.

Consequently, Earnings Per Share for the six months amounted to $0.10 (2025: EPS: $0.09), while Earnings Per Share for the quarter totaled $0.07 (2025: EPS: $0.04). The twelve-month trailing EPS was $0.18, and the number of shares used in these calculations was 1,038,832,900.

Notably, SALF’s stock price closed the trading period on May 14, 2026, at a price of $2.81 with a corresponding P/E ratio of 15.96x.

Balance Sheet Highlights

The company’s assets totalled $1.53 billion (2025: $1.49 billion). The increase in total assets was mainly driven by Property, Plant and Equipment, which rose to $177.30 million from $119.23 million, as well as Accounts Receivable, which increased to $302.52 million from $264.69 million. This was partly offset by a decrease in Cash and Cash Equivalents, which fell to $110.02 million from $168.59 million.

Shareholders’ Equity was $1.24 billion (2025: $1.19 billion), representing a book value per share of $1.19 (2025: $1.15).

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