January 26, 2026

WEST INDIES PETROLEUM TERMINAL LIMITED (WIPT)

Unaudited financials for the year ended December 31, 2025:

Expressed in United States dollars (except where indicated otherwise)

WEST INDIES PETROLEUM TERMINAL LIMITED (WIPT) for the year ended December 31, 2025, reported an 8% increase in Revenue totaling $8.83 million compared to $8.21 million in the corresponding period last year. Revenue for the fourth quarter had a 63% increase to close at $2.47 million compared to $1.52 million for the comparable quarter of 2024.

Other income amounted to $187,096 (2024: $143,693), this represents an increase of 30% year over year. Consequently, total revenue increased by 8% to $9.02 million compared to $8.35 million for the year ended December 31, 2024. The company booked total revenue of $2.53 million for the fourth quarter versus $1.66 million reported for the similar quarter of 2024.

Operating and Admin expenses increased by 6% to close at $5.18 million (2024: $4.89 million), while Net impairment loss on financial asset decreased by 75% from $1.04 million in 2024 to $259,988 in the period under review. As a result, operating profit for the year ended December 31, 2025, amounted to $3.58 million, a 47% increase relative to $2.43 million reported in 2024.

Net Finance costs for the year ended December 31, 2025, amounted to $853,404, a 21% decrease relative to $1.08 million reported in 2024.

Profit before Taxation totalled $2.72 million a 102% increase from the corresponding period last year. (2024: $1.35 million).

Taxation for the year ended December 31, 2025, amounted to $437,816, a 45% increase relative to $302,610 reported in 2024. As such, Net Profit for the year ended December 31, 2025, had a 119% increase to reach $2.29 million (2024: $1.04 million). For the quarter, Net profit amounted to $358,128 (2024: Net loss of $1.02 million). “The improved full year results were due to increased topline growth driven by higher throughput volumes, improved revenue mix and the non-recurrence of the impairment of the financial asset in FY 2024,” WIPT noted.

Comprehensive Income for the year amounted to $2.29 million, a 61% decrease from the $5.85 million reported in 2024. For the fourth quarter, Comprehensive Income was $358,128 (2024: $3.79 million).

Consequently, Earnings Per Share for the year amounted to J$0.033 (2024: EPS: J$0.015), while Earnings Per Share for the quarter totaled J$0.005 (2024: LPS: J$0.014). The twelve-month trailing EPS was J$0.033, and the number of shares used in these calculations was 11,180,372,000.

Notably, WIPT’s stock price closed the trading period on January 25, 2026, at a price of J$9.76 with a corresponding P/E ratio of 298.61x.

Balance Sheet Highlights

The company’s assets totalled $42.62 million (2024: $41.82 million). WIPT highlighted, “There was a US$1.4M reduction in non‑current assets driven by depreciation and amortisation, partially offset by increases in receivables from both third parties and related parties. Movements in related‑party balances and the repayment of borrowings further contributed to overall shifts within the asset base.”

Shareholder’s equity was $29.35 million (2024: $27.06 million), representing a book value per share of J$0.42 (2024: J$0.38).

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