Massy reports over US$113M in profits, with Guyana among key contributors

Massy Holdings Ltd recorded growth in revenue, profit and cash generation in the Financial Year 2025 (FY2025), with Guyana identified as one of the markets contributing to improved performance within the group’s integrated retail operations.

According to the company’s financial results, revenue in the Integrated Retail Portfolio rose four per cent to TT$9.9 billion, driven by activity in Trinidad and Tobago, Barbados, Guyana and the Organisation of Eastern Caribbean States (OECS). The portfolio remained Massy’s largest contributor during the period.

At the Group level, third-party revenue increased by three per cent to TT$15.8 billion (US$2.3 billion). Profit Before Tax from continuing operations rose four per cent to TT$1.1 billion (US$169.3 million), while Profit After Tax increased 14 per cent to TT$766.3 million (US$113.7 million). Net cash generated from operating activities climbed 24 per cent to TT$1.67 billion (US$247.7 million), reflecting stronger cash inflows from day-to-day operations.

Massy also reported an improvement in its financial position, with the debt-to-equity ratio strengthening to 34 per cent, excluding leases, signalling reduced reliance on borrowing and increased flexibility.

Other portfolios delivered varied results. The Gas Products Portfolio recorded a six per cent decline in revenue to TT$2.03 billion, attributed to softer demand. However, profit before tax in the segment rose eight per cent to TT$385 million, supported by cost controls. The Motors & Machines Portfolio posted revenue growth of seven per cent to TT$3.73 billion, though profit before tax declined 18 per cent to TT$186 million as margins came under pressure.

Massy’s Financial Services segment, which includes Massy Finance GFC and Massy Remittances, continued to support the Group’s operating portfolios through credit, digital payments and foreign exchange services.

Shareholders saw a five per cent increase in total dividends per share to 17.70 cents, while earnings per share rose nine per cent to 36.49 cents. The Group’s share price appreciated by five per cent over the financial year, resulting in a total shareholder return of 12.18 per cent.

FY2025 also marked a leadership transition. James McLetchie assumed the role of Group President and Chief Executive Officer on October 1, 2025, succeeding David Affonso. Ivette Zuniga was appointed Chief Financial Officer, and Ryan Latchu became Chief Executive Officer of the Motors & Machines Portfolio.

Looking ahead, Massy said it will continue to invest in technology, innovation and workforce development as part of its strategy to support sustainable growth across its regional operations, including Guyana.

Massy Holdings Ltd is a publicly listed investment holding company with a diversified portfolio spanning integrated retail, gas products, motors & machines and financial services. The Group operates across the Caribbean, Guyana, Colombia and Florida and is listed on the Trinidad and Tobago Stock Exchange and the Jamaica Stock Exchange.