Efficiency, disciplined cost management and more favourable production environment

Durrant Pate/Contributor

Despite operational challenges during the second quarter, ended June 30, 2026, Carib Cement achieved a record second-quarter sales volume of 110,647 metric tonnes, the highest ever recorded for the period. 

In addition, Jamaica’s lone cement manufacturer also delivered its strongest EBITDA performance to date, reflecting the resilience of the business and continued discipline in cost management. Total shareholders’ equity increased to J$38.22 billion as at June 2026, up from J$32.47 billion as at December 31, 2025, while total assets grew to J$53.59 billion. 

These just-released audited financial results for the second quarter demonstrate Carib Cement’s capacity to generate sustainable earnings and strong cash flow while maintaining a solid balance sheet. 

Gross profit rose significantly to J$9.31 billion from J$5.33 billion in the first half of 2025, resulting in a gross profit margin of 50.2%, compared with 32.7% in the prior year. 

Stronger operating efficiency 

The improvement reflects stronger operating efficiency and a more favourable production environment compared with 2025, when the company incurred substantial costs associated with its planned maintenance shutdown. This includes approximately J$920 million in additional related expenditure and imported cement to maintain market supply.

Operating earnings increased by 124.2% to J$6.98 billion from J$3.11 billion in the corresponding period of 2025, supported by improved cost absorption and continued operational discipline. At the same time, operating cash flow remained strong at J$7.25 billion, compared with J$4.25 billion in 2025. 

Cash and cash equivalents stood at J$18.55 billion as at June 30, 2026, reflecting the Company’s strong position of liquidity and financial flexibility.

Maintenance shutdown going ahead as planned

Looking ahead, the planned maintenance shutdown, rescheduled from the first half of the year, is expected to take place in July 2026 with sufficient inventories in place to support uninterrupted market supply.  

While the operating environment remains dynamic and subject to ongoing economic and industry conditions, Carib Cement is reporting that it is well positioned to leverage existing opportunities that support sustainable growth and long-term value creation. 

The company says it will remain close to the market by fostering open dialogue, staying agile and responsive to the evolving needs of its customers, and advancing its commitment to building a greater Jamaica. 

Through strong customer engagement and a steadfast focus on operational excellence, the company is well-positioned to meet customer demand with consistent availability and reliable supply of products, while creating long-term value for employees, shareholders, customers, communities, and other stakeholders.  

The Board remains confident in Carib Cement’s ability to navigate the evolving business landscape while upholding its commitments to safety, sustainability, operational performance, growth, and to being a trusted partner in the rebuilding of Jamaica.