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Halshane Burke reports
Jamaican Teas has more than doubled its annual profit, posting net earnings of $260.6 million for the year ended September 30, 2025, up from $124.2 million in the previous year.
The company says this strong performance was supported by steady growth in its manufacturing and retail divisions and significant investment gained through QWI Investments.
For the fourth quarter, Jamaican Teas recorded net profit of $141.3 million, compared with $39.6 million in the same period last year.
Earnings per share for the year stood at 12 cents up from 5.7 cents in 2023-2024.
The company's manufacturing division reported an increase of 8% in quarterly revenues and 16% for the year, with local sales up 6% and export sales surging 22%.
Its retail division also saw a 15% revenue boost held by lower inventory losses and tighter cost controls.
On the investment side, QWI Investments rebounded strongly, reporting a quarterly net profit of $87.6 million, reversing earlier losses. Gains in both overseas and local stock holdings contributed to the improvement.
Total revenues for the group rose 9% to $855 million in the quarter.
Even as real estate sales dipped, improved inventory management led to a 75% increase in gross profit for the quarter and 22% for the year.
Looking ahead, Jamaican Teas says the coming year will bring both challenges and opportunities.
US tariffs of 10% on exports introduced in April 2025 and reduced orders from two major US distributors are expected to affect shipments in the short term.
However, the company says stronger growth in Eastern Caribbean markets, up 10% in several territories, is helping to offset that decline.
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