Jamaica’s sole cement producer, Caribbean Cement Company, delivered another quarter of bumper profit, with a 396 percent surge after tax to $2.7 billion from just $544 million in 2025 for the quarter ending in June. Profit rose significantly by 126 percent to $5.7 billion after tax for the half year, from just $$2.54 billion for the same period in 2025.
The outstanding profit results emanated from a 14.5 percent rise in revenues to $9.31 billion in the 2026 second quarter, from $8.13 billion in 2025 and increased 13.7 percent or the half year, to $18.57 billion from $16.33 billion in 2025.
Gross profit performance resulted in a “gross profit margin of 50.2 percent, compared with 32.7 percent in the prior year period. The improvement reflects stronger operating efficiency and more favourable production environment compared with 2025, when the Company incurred substantial costs associated with its planned maintenance shutdown, including approximately $920 million in additional related expenditure and imported cement to maintain market supply,” the company stated in its quarterly report commentary to shareholders.
The solid profit performance resulted in operating cash flow of $7.25 billion, compared with $4.25 billion in the prior year. Cash and cash equivalents stood at $18.55 billion as at June 2026.
Net Asset value came in at $45, with earnings per share ending at $3.17 for the June quarter and $6.75 for the six months to June. ICInsider.com maintains full year forecast at $14 per share, with the PE based on it of 8.2, which is well below the average of 12 for most main market stocks, an indication of potential gains ahead.
Grace delivered Interest and Other income along with its share of results of associates and joint ventures amounting to $2.17 billion, up 21 percent over the $1.79 billion in the second quarter in 2025. For the six months to June, the Group delivered an increase of 6.6 percent to $3.8 billion from $3.567 billion in 2025.
The group reports that, based on the unanimous recommendation of a committee of independent directors of the board of directors of SGJL, it has entered into a definitive arrangement agreement with its majority shareholder, Scotiabank Caribbean Holdings Limited to take SGJL private whereby, among other things, all of the issued and outstanding shares of SGJL that SCHL does not currently own will be repurchased for $61.50 in cash per share, subject to court approval as well as the approval of SGJL’s minority shareholders. 
Gross profit margin increased to 43 percent in the third quarter from 37.87 percent in the corresponding period in 2025 and for the year to date, rose to 43.85 percent from 35.15 percent in 2025, resulting in gross profit climbing 20.4 percent to $187 million in the February 2026 quarter from $155 million in 2025 and for the year to date it rose sharply by 31.7 percent to $554 million from $421 million, growing sharply to $32 million after tax compared to just $9.3 million in the third quarter of 2025.
Shareholders’ equity close the third quarter amounts with $1.14 billion with long term borrowings amounting to $469 million and short-term borrowings of $84 million.
Management indicated that “increased commuter traffic across the network was one area that contributed to the growth in revenues.
“This strong performance was driven primarily by higher sales volumes, reflecting sustained demand in the domestic market associated with ongoing recovery activities following Hurricane Melissa,” management stated.
Selling, general and administrative costs climbed marginally to $2.31 billion from $2.22 billion in 2025 in the quarter.
Management states that “the Group remained compliant with all financial covenants and that the hurricane caused an estimated $1.6 billion reduction in gross ticket sales and had a $100 million negative impact on net profit. Nevertheless, terminal recovery in the lottery segment reached 98%, and targeted measures, such as deploying additional terminals and using generators and Starlink connectivity, supported ongoing operations.” 
A number of companies suffered from a loss in revenues during the final quarter of 2026, following the passage of the hurricane. Others faced continued revenue pressure from the critical tourist sector that recorded sharp decline in visitor arrivals in the first quarter of 2026 and probably for a longer period.
Underperformers stock or the quarter was In Junior Market was Kintyre Holdings, which fell 46 percent, having ran up to 70 cents at the end up 2026, faced heavy selling in the quarter, as buyers reduced the price they were prepared to buy the stock at. Iron Rock Insurance declined by 29 percent, with investors concerned about the impact the hurricane would have on underwriting margin as well as concerns on the investment portfolio performance with lower interest rates in the country. Paramount Trading dropped 19 percent, reflecting some profit taking after the stock ran up in 2025 based on improved half year results but much lower second quarter profits compared with the first quarter as sales suffered with the interruption caused by Hurricane Melissa. Main Event shed 16 percent, with Hurricane Melissa shattering an already pressured operation that was passing through a period of reduced revenues resulting in a small loss for 2025 coming out of a year of uncertain economic outturn leading up to the general elections in 2025.
The JSE Market Index rose 8.83 percent from 317,986.88 at the close of December 2025, to 346,079.71 at the end of March, this year, compared with a fall of 1.7 percent in 2025 for the same period.
On the losing side, Proven Investments (PRVN) declined 22 percent, weighed down by increased cost that resulted in a small loss in the December quarter and sharply reduced profit for the nine months versus the similar period in 2025. Mayberry Group (MBG) fell 21 percent, reflecting losses from the performance of its underlying equity holdings and a small loss on net interest income in 2025. Caribbean Producers Jamaica (CPJ) and Mayberry Jamaica Equities (MBJ) each declined 17 percent, with CPJ facing headwinds from mixed results for 2025 and reduction in visitor arrivals to the country that will affect sales and profit negatively in 2026, as the bulk of revenues come from that sector. Losses at MBJ ballooned sharply for 2025 due mainly to fall in market value of investments. Palace Amusement dropped 16 percent, with the company posting losses for the half year to December and continues to face challenges with returning to patronage at the pre COVID levels. Supreme Ventures (SVL) retreated 14 percent, as profits declined in 2025 and the gaming market faces increased competition, while concerns over gaming revenue sustainability also weighed on sentiment.