The Massy Group delivered a strong performance for the three months ended Dec. 31, with revenue increasing by 6% to US$650 million.
Based on these results, the Board of Directors declared an interim quarterly dividend of TT$3.54 cents per share,” the group said in a press statement.
Some key highlights of the Group’s performance include earnings before interest, taxes, depreciation, and amortisation (EBITDA) growing by 12% to US$79 million.
Profit after tax from continuing operations increased by 9% to US$33 million and earnings per share from continuing operations increased by 9% to US$0.02.
The group said its integrated retail portfolio increased revenue by 4% to US$0.4 billion and its gas products portfolio EBITDA increased by 10% year-on-year to US$21 million.
At the same time, the motors and machines portfolio, when compared to the prior-year quarter, saw third-party revenue increase by 17% to US$0.2 billion.
The integrated retail portfolio (including Massy Distribution and Massy Stores retail outlets) remained the Group’s largest contributor, driven by volume growth, improved merchandising, and continued focus on enhancing customer experience and value across operations.
Massy Group President and CEO James Mc Letchie, thanked shareholders for their continued trust and commitment and expressed confidence in Massy’s ability to successfully navigate the complexity facing the region and to deliver sustainable growth for shareholders, customers, employees, and the communities served by the organisation.
“In spite of inflationary pressures, forex constraints and other competitive dynamics, Massy is entering 2026 focused on executing our long-term strategy: delivering consistent performance, strengthening governance, allocating capital responsibly, and investing for sustainable growth, while maintaining clear, timely communication with shareholders and stakeholders to drive value creation,” Mc Letchie said.
Please tell us how much Massy stores were fined by the SVG govt for charging VAT on zero rated items. Recent example being when tuna, sardines and chicken sausages were zero rated as from early November but Massy were still charging VAT on them as of mid December. Is the government really looking out for us or just their big boy friends??