GraceKennedy delivered an 18 percent jump in after tax profit of $2.4 billion for the June 2026 quarter, from a 6.26 percent increase in revenues of $45.6 billion. For the half year, profits rose 11.76 percent to $4.75 billion from a 4.6 percent rise in revenues to $93 billion.
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 took a $1.4 billion hit in other comprehensive income for the quarter and $1.7 billion for the half-year. These resulted mainly from re-measurement of post-employment benefit obligations and foreign exchange loss adjustments.
Earnings per share came in at $2.41 for the quarter and $4.78 for the half year, putting it on track for $10 for the year. Net asset value per share amounts to $95.86 at the end of June. The stock closed trading on Wednesday at $74 with a PE of 7.4 times 2026 earnings and a good long term buy. The group declared a dividend of 70 cents per share, payable in September.