The ANSA McAL group is looking at the potential to expand into Africa.
This was revealed by ANSA McAL Group CEO Anthony Sabga III at the release of the group’s financial results for the three months ended March 31, 2026, at Samaan Estate in St Clair.
The group reported profit after tax from continuing operations of $62.83 million for the quarter ended March 31, 2026, with the group seeing a revenue increase of 5.7 per cent to $1.84 billion.
“This is the result of diversified and structural growth across all industries. Our profitability tells a deeper story for this quarter, probably we forecast up by 7 per cent...so even with EBIDTA broadly flat, we completed efficiency in the bottom line growth. We are just simply as a group, becoming more productive,” said Nicholas Jackman, the group’s chief financial officer, who noted ANSA McAL’s revenue has increased for six consecutive quarters, while sticking to its 2X strategy and disciplined investment policy.
“We (continue) managing quite an aggressive investment horizon aligned with our 2X ambition. There are items for which there are new markets that we are considering. So certainly Africa, amongst others,” said Sabga III.
He confirmed the brand continued to see growth in the Guyanese and US markets where significant investments had been made in recent years.
“Yes, those trends continue. The US market alongside, we made a massive acquisition in the United States, so as we expect, they will get a huge bump commensurate with that which we’re seeing. And the Guyanese economy continues to grow, and we’ve made some significant investments there, the plant capability and various other alongside automotive and distribution business amongst others, particular beverage business also. So, we continue to see where the growth alongside investments we made in these particular markets.”
Sabga III expanded on progress with regard to the Chateau Margot Mall located on the East Coast of Demerara, Guyana, which is scheduled for completion around 2027.
“It’s a very interesting project, project which so far is on time, on budget and progressing quite nicely. That project I understand is practically presold, largely presold. So the uptake is very, very, very positive there,” said Sabga.
He said the company has taken up the challenge made by Guyanese President Dr. Mohamed Irfaan Ali to idenfity and distribute viable products from the South American country in new markets.
He also noted the company recently saw profitability from its Carib operations in India.
“It’s a recent entry continues to build momentum. We’ve recently had a kickoff with some very interesting influencers there. So should we see that in the social media with I believe Bravo and Pooran, and the excitement is building as we get into the warmer summer months, we anticipate far more execution around the brand and what not, but we received the partnership continues to do well. And I think we saw some profitability on it last month,” said the Ansa McAL CEO.
The Proton brand was also singled out for praise, with Sector Head for Automotive Jean-Marc Mouttet confirming the brand had become ANSA Motors’ second-best performing brand.
—Peter Christopher
