Massy Hold­ings Ltd yes­ter­day de­clared af­ter-tax prof­it at­trib­ut­able t0 the own­ers of the par­ent of $322.26 mil­lion for the nine months end­ed June 30, 2026, a 35.6 per cent de­cline com­pared to the $500.47 mil­lion the group earned for the pri­or pe­ri­od.

Massy’s prof­it fig­ure for the pe­ri­od Oc­to­ber 1, 2025 to June 30, 2026, in­clud­ed a loss of $120.79 mil­lion from dis­con­tin­ued op­er­a­tions.

In his state­ment, Massy chair­man Robert Ri­ley in­di­cat­ed that most of the loss came from the sale of Massy Dis­tri­b­u­tion (Ja­maica) Ltd.

“The sale of Massy Dis­tri­b­u­tion (Ja­maica) ad­vances our strat­e­gy of con­cen­trat­ing cap­i­tal where Massy is best po­si­tioned to achieve at­trac­tive long-term re­turns. The trans­ac­tion, pre­sent­ed with­in dis­con­tin­ued op­er­a­tions, re­sult­ed in a TT$109.7 mil­lion ac­count­ing loss on dis­pos­al, prin­ci­pal­ly re­flect­ing the re­clas­si­fi­ca­tion through the prof­it or loss of TT$137.3 mil­lion of ac­cu­mu­lat­ed for­eign-cur­ren­cy trans­la­tion loss­es. This was an ac­count­ing con­se­quence of the dis­pos­al rather than a cur­rent cash out­flow,” said Ri­ley.

Ri­ley not­ed that af­ter-tax prof­it from con­tin­u­ing op­er­a­tions for the nine-month pe­ri­od was $491 mil­lion, which was 7 per cent low­er than the pre­vi­ous pe­ri­od, and earn­ings per share from con­tin­u­ing op­er­a­tions was 22.38 cents, down 9 per cent.

In de­liv­er­ing the group’s out­look for the fi­nal quar­ter of its 2026 fi­nan­cial year, Ri­ley said Massy en­tered the pe­ri­od with a strong bal­ance sheet, re­silient mar­ket po­si­tions and clear op­er­a­tional pri­or­i­ties.

“While glob­al macro­eco­nom­ic con­di­tions are ex­pect­ed to re­main de­mand­ing, Massy’s di­ver­si­fi­ca­tion, liq­uid­i­ty and fi­nan­cial strength po­si­tion the Group to man­age volatil­i­ty, con­tin­ue in­vest­ing and build mo­men­tum.

“Our pri­or­i­ties are clear: im­prove cash con­ver­sion and in­ven­to­ry pro­duc­tiv­i­ty; strength­en per­for­mance in busi­ness­es where re­sults must im­prove; main­tain dis­ci­plined cap­i­tal al­lo­ca­tion; and trans­late our in­vest­ments in tech­nol­o­gy, safe­ty and peo­ple in­to bet­ter ser­vice, ef­fi­cien­cy and sus­tain­able earn­ings. Our strengths cre­ate the con­di­tions for per­for­mance, and dis­ci­plined ex­e­cu­tion will de­ter­mine the val­ue we de­liv­er.