Prospective investors showed strong interest in channelling capital into Woodcats International Limited, Jamaica’s logistics and supply chain anchor, at the Company’s recent virtual Investor Briefing, where Woodcats Executives, along with Lead Broker and Arranger, NCB Capital Markets Limited, made a compelling case for the upcoming combined Initial Public Offering (IPO) and Offer for Sale.

The leading local manufacturer of pallets and sustainable wood products is seeking to raise up to J$749,999,999.70 from 833,333,333 ordinary shares at J$0.90 per share. The offering will open on February 2, 2026 and is scheduled to close on or before February 20, 2026.

The briefing, held on January 29, gave potential investors an overview of Woodcats’ growth strategy, operational strengths, and plans for regional expansion. Investors were particularly interested in the use of proceeds, which will fund new automated sawmilling and assembly machinery, upgraded material-handling systems, and enhanced certified heat treatment capacity. These investments are expected to increase pallet production by 30% by 2027, automate 40% of processes by 2026, expand heat treatment capacity by 50% within three years, and support entry into two new CARICOM markets by 2026.

In his remarks, Peter Douglas, General Manager of Woodcats International, highlighted the Company’s important role in Jamaica’s supply chain and growth potential. “Pallets may not attract much attention, but they are the quiet engines of the economy. As logistics and warehousing continue to expand, demand for reliable handling solutions grows alongside it. Food distribution, cold storage, and manufacturing all depend on that foundation,” he put forward.

Woodcats International is a long-standing Jamaican company, specialising in the production, distribution, and sale of wooden pallets and value-added wood products. With over two decades of manufacturing excellence and an annual output exceeding 300,000 pallets, the Company is a cornerstone of Jamaica’s export supply chain. The company serves major clients including Seprod, Red Stripe, Wisynco, Lasco, and Carib Cement, as well as businesses in the agriculture, logistics, and hospitality sectors. Its product range includes new and reconditioned pallets, certified heat treatment for export, plastic pallets, garden mulch, planters, outdoor furniture and engineered wood products.

For the financial year ended December 31, 2024, Woodcats International recorded revenue of J$1.08 billion, up 3.2% from 2023, with net profit rising 25.8% to J$136 million despite challenging economic conditions. Growth was driven by strong pallet sales, improved procurement efficiency, and disciplined cost management, lifting gross margins to 39.6%. Operating expenses were carefully controlled, supporting higher profitability. The company’s financial position also strengthened, with total assets increasing to J$865.1 million, liabilities to J$325.0 million due to expansion-related obligations, and total equity growing to J$540.1 million. Over the past five years, Woodcats has doubled sales and increased net profit more than sevenfold, reflecting consistent operational excellence and strategic growth.

Alex Johnson, Manager, Origination and Structuring, NCB Capital Markets Limited, commended Woodcats’ recent performance, noting, “Woodcats has demonstrated consistent growth and operational excellence, even in challenging market conditions. Their strategy to modernise production and expand regionally is well-timed and backed by solid fundamentals. This is a compelling offer for investors seeking exposure to Jamaica’s manufacturing and logistics industries.”

Reflecting on the company’s achievements and next steps, Earl Richards said, “Woodcats has earned its place in the market by doing the fundamentals well, year after year. This offering allows others to participate in what has been built and in where the company is going next. As a Board, we take that responsibility seriously. We are committed to clear oversight, wise decision-making, and protecting the interests of all shareholders as the company enters this next phase.”