Barbados-based Roberts Manufacturing Co Limited (RMCL) has returned to a profitable position following a reduction in operating expenses and increased sales on its margarine, edible oils and dog food products.

This was disclosed in Roberts’ first quarterly report since it went public on the Barbados Stock Exchange (BSE) in May. Roberts reported a consolidated net profit of BB$2.82 million (US$1.41 million) compared to its consolidated net loss of BB$419,000 in the June 2025 quarter.

“This turnaround was driven by higher sales volumes, a modest improvement in gross margin and significantly lower operating expenses,” stated the director’s report signed by Chairman Garfield Sinclair and Managing Director Jonathon Hart.

Roberts’ consolidated revenue grew 17 per cent to BB$32.32 million due to the double-digit growth in volumes on its core margarine and edible oils portfolio. The prior period was also influenced by an inventory overhang with one of company’s distributors and softer demand, which contributed to the lower revenue performance in the first quarter (Q1) of 2025.

Pinnacle Feeds, Roberts’ 60 per cent-controlled subsidiary, focused on retaining and expanding its market share in selected feed segments during Q1.

“A restructuring of staffing and administrative functions resulted in a leaner cost base, allowing a greater proportion of gross profit to convert into earnings. These factors supported a substantial increase in profitability relative to the low prior-year base,” the report noted on Pinnacle Feeds.

Operating expenses dipped 19 per cent to BB$5.43 million as it no longer incurred a management fee nor certain enterprise resource planning (ERP) system costs while benefiting from the prior year’s staff reorganisation process.

Roberts’ asset base increased by four per cent to BB$77.71 million as it continued to invest in its property, plant and equipment (PP&E) which was valued at BB$25.67 million. The improvement in its cash flow from operations saw the cash position end June 30 at BB$7.61 million.

Total liabilities went up seven per cent to BB$40.95 million while consolidated equity was BB$36.76 million, with BB$30.86 million attributable to shareholders.

Despite listing on the BSE on May 29 at BB$1.00, Roberts’ stock has had infrequent trading. It had its first trade on August 17 which saw its share price jump to BB$1.45. Since its first trade, it has traded three additional times with its latest trade taking place on September 15 at BB$1.50. This gives Roberts a market capitalisation of BB$187.50 million or US$93.75 million.

The company declared its first post listing dividend of BB$0.0072 totalling BB$900,000 to be paid on September 30 to shareholders on record as of September 11.

Meanwhile, Proven Group was aiming to reduce its position in Roberts from 50.50 per cent to 25.50 per cent from the company’s initial public offering (IPO). However, Proven’s stake in Roberts of roughly 38 per cent, indicates that the company sold fewer shares than it initially targeted. The differing equity stake in Roberts represents information disclosed in Proven’s Q1 and March 2026 audited financials.

Proven recorded a US$9.38 million gain on the partial disposal of its stake in Roberts for its Q1 report ending June 30. This gain supported Proven’s consolidated net profit of US$8.23 million. Proven no longer consolidates Roberts but accounts for it as an associate company.

“The group will continue to pursue operational efficiency, cost discipline and margin management across its manufacturing and feed operations, while progressing capital investments to support production capacity and consumer demand in export markets,” the directors’ noted on the outlook.