Angostura Holdings Ltd has reported strong results for the nine-month period ended September 30, 2025, as the company’s international performance and product innovation helped lift revenue and profits.
Group revenue rose by $59 million, or eight per cent, from $698 million to $757 million, while profit before tax (PBT) increased by 15 per cent to $145 million, and profit after tax stood at $104 million, a ten per cent increase from the previous year.
Earnings per share (EPS) also climbed 11 per cent to $0.51, up from $0.46 for the same period last year.
Angostura chairman Gary Hunt said the performance reflects “the continued success of our strategic initiatives and operational excellence.”
He said the company’s international segment recorded growth of 18 per cent year-on-year, driven by a 182 per cent surge in Branded Rum sales and an 8 per cent uplift in Angostura Chill. Export revenue now accounts for 45 per cent of total group revenue, up from 41 per cent in the comparative period.
On the domestic front, the rum and bitters company reported a three per cent increase, supported by the launch of several ready-to-drink (RTD) products earlier this year, which targeted evolving consumer preferences.
Operating results improved by ten per cent, from $113 million to $124 million, while finance income jumped 42 per cent, reflecting stronger returns from the company’s US dollar investments.
Looking ahead, Hunt said the company remains focused on sustaining growth in revenue and profitability into the final quarter of 2025.
“We are energised by the opportunities that lie ahead and remain committed to maximising shareholder value through innovation, expansion, and operational excellence,” Hunt added.
The company adjusted the price of its products upward on October 17, following the announcement by the Minister of Finance, Davendranath Tancoo, of the doubling of the excise duty on alcoholic beverages in the 2026 national budget.
Angostura described itself as a responsible corporate citizen with more than 200 years of heritage in Trinidad and Tobago, adding that it supports the Government’s efforts to strengthen fiscal sustainability and national development.
According to the company, it has absorbed higher production costs over the years through improved productivity, energy efficiency, and innovation to limit the impact on consumers.
“However, this recent increase in excise duty now requires price adjustments to ensure business continuity and the continued employment of our workforce of over 537 citizens,” Angostura said.
The company’s largest investor is Rumpro Company, which owns 44.97 per cent of Angostura Holdings. Rumpro is owned by the CL Financial group, which is in compulsory liquidation, having been ordered to be wound up by the High Court in September 2017. The Government is the largest single creditor of CL Financial, and owns 14 per cent of the group.
Angostura’s second largest shareholder at 29.97 per cent is the National Investment Fund Holding Company Ltd, which is 100 per cent owned by the Government of T&T.
For the year up to October 24, Angostura declined by 22.56 per cent on the Trinidad and Tobago Stock Exchange. The Composite Index of the TTSE was down by 9.54 per cent for that period.
