Caribbean Flavours and Fragrances Limited (CFF), a leading manufacturer and supplier of flavours, fragrances, and ingredients across Jamaica and the wider Caribbean, presented its 2024 Audited financial results, 6 months unaudited summaries and strategic outlook at its Annual General Meeting (AGM).

The company reported a resilient performance in 2024 and is demonstrating a strong rebound in 2025, underscored by double-digit growth in both revenue and profit. For the year ended December 31, 2024, CFF recorded revenues of J$884.68 million, gross profit of J$317.22 million, and profit before tax of J$109.38 million.

The company also paid dividends of J$44.96 million, continuing its strong track record of consistent shareholder returns. Building on this foundation, CFF reported impressive year-to-date 2025 results for the six months ending June 30, 2025.

Revenues increased to J$529.24 million, up from J$447.91 million in the prior year, representing 18% growth, with exports delivering a 74% surge over the same period. Profit before tax rose to J$109.03 million compared to J$68.83 million in 2024, while net profit climbed to J$82.03 million, up from J$52.83 million.

Earnings per share improved to J$0.09, from J$0.06 in 2024. CFF advanced several strategic initiatives in 2024, reinforcing its reputation for quality and innovation.

The company successfully renewed its Safe Quality Food (SQF) Certification for the fifth consecutive year, maintaining world-class standards in food safety and excellence. It also introduced new product lines, including enzymes and emulsifiers, tailored to the baking industry, and expanded its flavours and fragrances solutions portfolio.

At the same time, continued investments in plant and laboratory upgrades enhanced efficiency whilst strengthened testing capabilities, ensuring that CFF remains at the forefront of industry best practices. Looking ahead, CFF’s strategic priorities for 2025–2026 are centered on expanding its regional and international reach while cementing its position as a leading innovator in the ingredients space. The company will deepen its export footprint across CARICOM and Latin America and pursue niche global markets where demand for natural flavours and functional ingredients is accelerating.

At the same time, CFF will broaden its ingredient and food protection portfolios to provide advanced solutions for freshness, shelf life, and texture in baking and processed foods. Significant investments in state-of-the-art plant upgrades and R&D capabilities will accelerate product innovation, enhance efficiency, and keep the company ahead of evolving consumer trends.

These growth initiatives will be anchored by a continued commitment to shareholders through consistent dividends, balanced with long-term value creation and responsible corporate stewardship Derrick Cotterell, Managing Director of CFF, stated, “The performance of Caribbean Flavours and Fragrances in 2024, followed by the strong growth we are already seeing in 2025, underscores both the strength of our business model and the dedication of our team. Export revenues rose by an impressive 74% in the first half of the year, underscoring the effectiveness of our strategy and reinforcing our commitment to delivering strong, sustainable returns.

“As we look ahead, we remain committed to deepening our regional and international presence, accelerating product innovation, and delivering sustainable value to our shareholders, customers, and partners.”