The Massy Group has announced a robust financial performance for the first nine months of its 2026 financial year, generating TT$12.65 billion in revenue. This represents an increase of approximately TT$805 million, or 7 percent, compared to the same period in the previous year.
The Group’s revenue growth supported a 1 percent increase in operating earnings (EBITDA), which reached TT$1.37 billion. Despite the rise in revenue, Profit Before Tax (PBT) from continuing operations was TT$783 million, a 3 percent decline from the prior year. Management attributed this slight dip to deliberate strategic investments in technology, safety systems, and people, as well as the impact of Hurricane Melissa on the Jamaican tourism industry and local business operations.
Without these one-time strategic investments and the temporary effects of the hurricane, management estimates that PBT would have been 6 percent higher than the previous year. The Group remains optimistic about a rebound in the Jamaican market early in the next financial year.
Massy continues to demonstrate strong cash generation, producing TT$1.20 billion in cash from operations during the period. This financial stability allowed the Board to maintain a third-quarter dividend of 3.54 cents per share, bringing the total dividends declared for FY2026 to date to 10.62 cents per share.
The period also saw the completion of the sale of Massy Distribution (Jamaica) Limited. While the transaction resulted in a one-time, non-cash accounting loss of TT$109.7 million due to cumulative foreign currency movements over two decades, it had no impact on the Group’s actual cash position or shareholder returns.
Performance across Massy’s diversified portfolio remained strong:
- Integrated Retail Portfolio (IRP): Remained the largest earnings contributor, with significant performance in Guyana, Trinidad, and the Eastern Caribbean.
- Motors and Machines: Delivered robust results, particularly led by operations in Colombia.
- Gas Products: Growth in Trinidad and Guyana helped offset softer performance in Jamaica following the hurricane.
Strategically, the Group reached major milestones by opening a new automated distribution facility at Orange Grove in Trinidad and Tobago—the largest of its kind in the English-speaking Caribbean. Additionally, Massy broke ground on the 1.3 million sq. ft. Massy Hub in Houston, Guyana, which is expected to further enhance the Group’s regional logistics and technology network.
Chairman Robert Riley emphasized that Massy’s scale provides the “strength to manage uncertainty” while continuing to invest in the future. Adding to this sentiment, President and CEO James McLetchie stated, “Massy was built in the Caribbean, and we believe Caribbean companies can compete and win globally”.
As the Group enters its final quarter, it plans to implement a world-class system to connect and develop its 13,000-plus employees while elevating safety standards and ensuring supply continuity across the region.
Founded in 1923, Massy Holdings Ltd. is a publicly listed investment holding company with nearly 60 companies serving markets across the Caribbean, Guyana, Colombia, and Florida. The Group is listed on both the Trinidad & Tobago Stock Exchange and the Jamaica Stock Exchange.
