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JFP reports strong turnaround in financial performance

JFP has reported a strong turnaround in its financial performance for the year ended December 2025.
 
The company posted a net profit of approximately $255 million, a significant reversal from a loss of $117 million recorded in 2024.
 
This improvement was driven largely by a sharp increase in other incomes, which rose to nearly $363 million, compared to just over $1 million the previous year.
 
Despite the positive outturn, revenue declined to $311 million, down from $407 million in 2024.
 
Gross profit also slipped slightly to $138 million dollars.
 
Operating profit stood at $265.7 million, compared to an operating loss in the previous year.
 
Finance costs remained elevated at just over $20 million, while finance income totalled about $9.3 million.
 
Earnings per share improved to $22.07, compared with a loss per share of 10.5 cents last year.
 
Overall, JFP ended the year with total comprehensive income of approximately $254.4 million dollars, reflecting a marked recovery in its operations.
 
 


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