Durant Pate/ Contributor

Wisynco, one of Jamaica’s leading manufacturers and distributors, is bouncing back from the disruptions caused by the passage of Hurricane Melissa on October 28 last year, reporting robust growth for the second quarter ended December 31, 2025.

While Wisynco’s food service and hotel channels experienced temporary disruptions to their businesses as a result of Melissa, these were offset by stronger performance across other distribution channels. This can be seen in the revenue performance, which closed the reporting period at $16.2 billion, representing an increase of 14.0% above the $14.2 billion achieved in the corresponding quarter of 2024. 

The family team of company Chairman, William Mahfood and his cousin, Andrew Mahfood, Wisynco’s Chief Executive Officer, attributed the sustained improvement in sales to the significant capital outlay in production capacity, therefore being able to meet demand and the introduction of new product lines, including its new brewed products and an improvement of 14% in our exports. Last month, the company formally launched its brewed product, with response from the market being very encouraging. 

Profitability rising

Pre-tax profit for the quarter amounted to $1.8 billion or 50.8% higher than the $1.2 billion of the comparative quarter for 2024. In addition, this was the third successive quarter of positive EBITDA growth, achieving $2.5 billion or a 58.8% increase year on year. After provision for taxes, Wisynco recorded net profits attributable to stockholders for the quarter of $1.5 billion, compared to $1 billion and recorded earnings per stock unit for the quarter of 39 cents, compared to 26 cents, an increase in both metrics of 50% over the comparative period. 

The company’s balance sheet remains strong with a current ratio of 2.5, an improvement over the 2.4 for 2024. Gross profits of $5.9 billion were recorded for the review quarter, which is 26.7% greater than the $4.7 billion of the prior year’s quarter, whilst gross margins closed on 36.6%, which is 368 basis points higher than 32.9% for 2024. 

The increased production of existing brands, coupled with the launch of new products, has allowed Wisynco to absorb overhead costs more effectively, thus leading to improved margins. Selling, Distribution & Administrative expenses (SD&A) for the quarter totaled $4.1 billion or 16.3% more than the $3.5 billion for the corresponding period in 2024, due to increased operational overheads. 

SD&A expense to sales ratio was 25.3% for the quarter, compared to 24.8% in the prior year. Cash and Investment Securities stood at a healthy $10.3 billion following the payments for the strategic investments and the expansion projects. 

Dividend declared

At a meeting of the Board of Directors held on January 30, 2026, a resolution was passed approving a dividend payment of $0.23 per stock unit payable to stockholders on record as at February 12, 2026, with a payment date of March 4, 2026.