Profit jumped 50 percent after tax for Wisynco Group for the December quarter to $1.5 billion, compared to $1 billion in 2024, with earnings per share of 39 cents compared to 26 cents in the December 2024 quarter. The solid profit performance was firmly grounded on a 14 percent revenue bounce to $16.2 billion, from $14.2 billion in the group’s 2024 second quarter and up a mere 2 percent for the first quarter revenues.
Wisynco Q2 profits jump 50%.
Revenues for the half year rose by a slower 12.2 percent pace than the second quarter, to $32.4 billion, from $28.9 billion in 2024, while profit after tax rose by just 19 percent to $2.96 billion from $2.49 billion. “The sustained improvement in sales is a result of our significant capital outlay in production capacity, therefore being able to meet demand and the introduction of new product lines, including our new brewed products and an improvement of 14 percent in our exports. We formally launched our brewed product at the start of Q2 and the response to the products that have been placed on the market has been encouraging,“ Andrew and William Mahfood stated in their report to investors.
Gross Profits jumped 26.7 percent over the prior year second quarter to $5.9 billion from $4.7 billion of the prior year, whilst gross margins climbed to 36.6 percent up from 32.9 percent for the same quarter last year. For the half year gross profit climbed 15.4 percent to $11.56 billion from $10 billion in 2025 with gross profit margins of 35.72 versus 34.72 in 2025.
Wata one of Wisynco best known brands
Selling and Distribution expenses rose 7.7 percent during the second quarter to $3.47 billion from $2.95 in 2024 and climbed 10.5 percent for the six months to $20.8 billion from $18.8 billion in 2024. Administrative expenses for the quarter amount to $631 million, 10.4 percent more than the $571 million for the 2024 quarter. It rose 2.8 percent to $1.2 billion for the six months from $1.18 billion in 2024. Finance costs jumped from $115 million to $245 million in the latest quarter and rose from $118 million to $401 million in the six months. Finance expenses were partially offset by finance income of $139 million in the 2025 first quarter, up from $119 million in 2024 and for the half year, $291 million up from $245 million.
The operations generated Gross cash flow of $4.7 million, growth mainly in receivables, inventories, addition to fixed assets and investment in associated companies of $2.45 billion, offset by proceeds from investments and funding the payment of $866 million dividends, resulted in a $2 billion outflow of funds, reducing Cash and Cash Equivalents to $5.2 billion, at the end of the period.
Current assets ended the period at $21.4 billion, including trade and other receivables of $6.9 million, cash, bank balances and investment securities of $10.3 billion.
Current liabilities ended the period at $8.6 billion and net current assets at $12.7 billion.
At the end of December, shareholders’ equity amounts to $30.6 billion with long term borrowings at $5.9 billion and short term at $955 million.
ICInsider.com computation projects earnings of $1.80 per share for the fiscal year ending June 2026, with a PE of 13 times the current year’s earnings based on the last traded price of $23.62 on the Jamaica Stock Exchange Main Market. Net asset value is $8.17, with the stock selling at a premium of 2.77 times book value, well above the average for Main Market companies. The company declared a dividend of 23 cents payable of March 4 versus a similar amount in April 2025.