Massy Holdings Limited has reported a seven per cent increase in revenue for the first nine months of 2026, despite weaker performance in Jamaica following Hurricane Melissa and continued pressure from global economic disruptions.

For the period ended June 30, 2026, the diversified Caribbean conglomerate generated TT$12.65 billion in revenue, an increase of approximately TT$805 million over the corresponding period last year.

The revenue growth was accompanied by a one per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to TT$1.37 billion.

However, profit before tax (PBT) from continuing operations fell three per cent to TT$783 million, reflecting the impact of strategic investments in people, technology, and safety systems, as well as the disruption caused by Hurricane Melissa last October to Jamaica’s tourism industry and Massy’s operations on the island.

“I am pleased to announce that Massy delivered resilient performance through the first nine months of FY2026, with revenue growth, strong operating cash generation, and a stronger balance sheet,” Chairman Robert Riley said in the group’s latest report to shareholders.

A three per cent decline in its profit before tax from continuing operations was, however, impacted by strategic investments in people, technology and safety systems, as well as the disruption caused by the powerful Category 5 storm. With some activities in Jamaica already showing signs of recovery, the company’s management said it expects a further rebound early in its next financial year.

The performance in Jamaica came against the backdrop of broader challenges facing Caribbean economies, which remain heavily dependent on imported food, fuel, vehicles, equipment, and other goods

Geopolitical pressures have also driven up shipping, freight, and food costs, with the increases being transmitted quickly across the region.

Despite continued pressures, Massy’s diversified operations across multiple markets and sectors helped it maintain supply and product availability while supporting its overall performance.

“Massy’s diversified portfolio, leading market positions, liquidity and balance-sheet strength allow the group to remain resilient, invest through the cycle and respond with discipline,” Riley said.

Pulling from the strengths of a diversified operation, the company, during the reporting period, benefited from its integrated retail portfolio which remains Massy’s largest earnings contributor, with results supported by operations in Guyana, Trinidad, and the Eastern Caribbean.

Motors and Machines also delivered robust results, led by Colombia, while stronger performances in Trinidad and Guyana helped offset softer results from Jamaica in the Gas Products segment following Hurricane Melissa.

The nine-month period also saw Massy completing its previously announced sale of Massy Distribution (Jamaica) Limited, resulting in a one-time, non-cash accounting loss of TT$109.7 million, arising from the recognition of foreign currency movements accumulated over more than 20 years, as required under accounting rules. However, management reassured shareholders that the one-off accounting loss had no impact on the company’s ability to generate returns.

The company’s strong cash position allowed the board to maintain its third-quarter dividend at 3.54 cents per share — bringing total dividends declared for the 2026 financial year to date to 10.62 cents per share.

“Massy’s scale gives us the strength to manage uncertainty, invest for the future and maintain our cash returns to shareholders,” the chairman noted.

“Our responsibility is to continue to turn that strength into better service, stronger cash generation, and lasting value,” he added.

Powered by operations in markets across the Caribbean, Guyana, Colombia, and Florida, the more than century old multinational, over the nine-month period, said it continued to invest in its distribution and logistics infrastructure.

In Trinidad, the company opened a new distribution facility at Orange Grove, which it described as the largest automated warehouse in the English-speaking Caribbean.

The group also broke ground on the 1.3-million-square-foot Massy Hub in Houston, Guyana, as it seeks to expand the use of advanced technology and logistics across its warehouse and distribution network.

President and CEO James McLetchie, underscoring the strength of the highly diversified group, said he remains confident in its ability to withstand global disruptions and pursue international growth.

“Massy was built in the Caribbean, and we believe Caribbean companies can compete and win globally, like our athletes and artistes,” he stated.

As a publicly listed investment holding company in both Jamaica and Trinidad, Massy’s diversified portfolio spans integrated retail, gas products, motors & machines, and financial services.

Riley said going into the last quarter of 2026 the company will continue to prioritise improvement in cash conversion and inventory productivity, strengthen underperforming businesses, maintain disciplined capital allocation while translating its investments in technology, safety and people into improved service, efficiency and sustainable earnings.

“Our strengths create the conditions for performance, and disciplined execution will determine the value we deliver. Massy has leading market positions, a diversified portfolio and the financial capacity to invest through changing global economic conditions. The board is confident that management’s disciplined execution of the group’s strategy will strengthen returns and create durable long-term value for shareholders,” Riley said.