National Flour Mills (NFM)has reported a profit after tax of $22.8 million for the six-month period ended June 30, 2025. That represents an increase of 11.2 per cent over the $20.5 million profit the majority State-owned company reported for the same period last year.
Chairman Ashmeer Mohamed, in his review of the company’s financial performance, said, “Revenues rose to $260 million from $253 million in the prior year, supported by improvements in gross profit margins and ongoing cost control initiatives. Gross profit climbed to $82 million, up from $71 million in Q2 2024, reflecting better operational efficiency and product mix.”
The NFM chairman also noted, “The global environment remained volatile in Q2, with ongoing trade tensions and shifting tariff policies continuing to impact supply chains worldwide. In response, National Flour Mills Ltd (NFM) has strengthened its operational resilience by further optimising its business processes while prequalifying alternative suppliers and maintaining strategic inventory levels to safeguard continuity and cost stability.”
He explained the company has made moves to address these challenges and remain relevant in the market, as he pointed out that during the quarter, the Ibis brand was relaunched, while NFM also introduced a new product: Ibis Bakers Flour.
He said, “As part of our mission to ensure the region’s food security, we remain resolute in sourcing our raw material inputs in the best possible way. We continue to balance cost-efficiency with our uncompromising standards on food safety and quality, recognising our responsibility to the people of Trinidad and Tobago and the wider Caribbean.”
Mohamed pointed out that on April 1, the company transitioned to a new enterprise resource planning platform.
“While this change introduced some short-term disruptions in service to our customers, we are already seeing the benefits of end-to-end digital integration. This new capability enhances our ability to connect with customers, manage our supply chain with greater agility, and build a more responsive and data-driven organisation,” said the NFM chairman.
