February 16, 2026
Salada Foods Jamaica Ltd. (SALF)
Unaudited financials for the first quarter ended December 31, 2025:
Salada Foods Jamaica Ltd. (SALF) for the first quarter ended December 31, 2025, reported a 9% decrease in turnover, totalling $360.38 million compared to $398.19 million in the corresponding three months last year.
Cost of sales amounted to $254.58 million (2024: $271.97 million), representing a 6% decrease year over year. Consequently, gross profit decreased by 16% to $105.80 million compared to $126.22 million for the first quarter ended December 31, 2024.
Other operating income increased by 37% to close at $770,000 (2024: $564,000), while selling and promotional increased from $18.60 million 2024 to $22.82 million 2025, representing a 23% rise. Administrative expenses for the first quarter amounted to $44.17 million, a 1% decrease relative to $44.44 million reported in 2024.
Operating profit for the three months amounted to $39.57 million, a 38% decrease relative to $63.74 million reported in 2024.
Net finance income totalled $3.29 million (2024: $3.47 million).
Profit before taxation for the first quarter ended December 31, 2025, amounted to $42.87 million, a 36% decrease relative to $67.21 million reported in 2024.
Taxation charge for the three months decreased by 36% to $10.72 million (2024: $16.80 million). Net profit for the three months amounted to $32.15 million, a 36% decrease from the $50.40 million reported in 2024.
Consequently, earnings per share for the three months amounted to $0.03 (2024: EPS: $0.05). The twelve-month trailing EPS was $0.16, and the number of shares used in these calculations was 1,038,832,900.
Notably, SALF’s stock price closed the trading period on February 13, 2026, at $2.95, with a corresponding P/E ratio of 18.97x.
Balance Sheet Highlights
The company’s assets totalled $1.53 billion (2024: $1.35 billion). This increase was attributable to inventories which amounted to $648.44 million (2024: $425.10 million).
Shareholders’ equity was $1.17 billion (2024: $1.15 billion), representing a book value per share of $1.13 (2024: $1.11).
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