Massy Group has closed the financial year 2025 on a strong footing, delivering growth in revenue, profit, and cash generation despite global market volatility.
A release yesterday from the company said these results underscore the strength of Massy’s diversified portfolios and disciplined execution, noting that for the year ended September 30, 2025, the group’s third-party revenue grew 3.12 per cent to TT$15.8 billion (US$2.3 billion), while profit before tax from continuing operations rose 4.12 per cent to TT$1.1 billion (US$169.3 million).
Massy’s after-tax profit from continuing operations increased by 13.63 per cent to TT$766.3 million (US$113.7 million), supported by improved efficiency and portfolio discipline.
Massy further noted that net cash generated from operating activities surged 24 per cent to TT$1.67 billion (US$247.7 million). The group said this figure represents the actual cash the businesses bring in from its day-to-day operations, money that could be used to invest, reduce debt and return value to shareholders.
Strong operating cash flow is one of the clearest indicators of a healthy, stable business, Massy added. Further, it noted that the debt-to-equity ratio improved to 34 per cent excluding leases, reinforcing financial flexibility.
“This shows how much of the company is financed by borrowing versus by shareholders. A lower number means the company is using debt responsibly and is in a stronger position to handle economic shocks and invest in new growth opportunities,” Massy said.
Across its portfolios, Massy delivered resilient performances, it said:
• Integrated Retail Portfolio (IRP) remained the largest contributor, with revenue up 3.89 per cent to TT$9.89 billion, driven by strong growth in Trinidad, Barbados, Guyana, and the OECS;
• Gas Products Portfolio (GPP) saw revenue decline 5.50 per cent to TT$2.03 billion due to softer demand but still delivered an 8.29 per cent rise in profit before tax to TT$385 million, underscoring tight cost discipline;
• Motors and machines portfolio recorded revenue growth of 6.86 per cent to TT$3.73 billion, while profit before tax declined 18.37 per cent to TT$185.86 million as market conditions pressured margins;
• Financial Services—Massy’s Financial Services combines Massy Finance GFC and Massy Remittances. These businesses link the group’s operating portfolios directly to credit, digital payments and foreign exchange capacity, strengthening liquidity and financial resilience.
Shareholders benefited from a five per cent increase in total dividends per share to 17.70 cents, while earnings per share rose nine per cent to 36.49 cents, delivering an earnings yield of 9.8 per cent. Earnings yield shows how much profit investors receive for every dollar invested in the share—similar to an interest rate on savings but applied to shares, helping the public judge whether the stock offers good value.
Massy’s share price appreciated five per cent over the financial year, resulting in a total shareholder return of 12.18 per cent.
Total shareholder return combines share price growth and dividends received, showing the full benefit to investors over the financial year.
The release stated FY2025 also marked a leadership transition. James McLetchie assumed the role of group president and CEO on October 1, 2025, succeeding David Affonso, whose three decades of leadership helped shape Massy’s success.
The board also welcomed Ivette Zuniga as CFO and Ryan Latchu as CEO of the group’s motors and machines portfolio, reinforcing its commitment to strong governance and talent development.
Looking ahead, Massy said it is entering a new chapter focused on transformation, noting that the group is accelerating its evolution into a more connected, data-enabled, and people-led organisation. Investments in technology, innovation, and talent will drive growth and resilience, ensuring sustainable value for all stakeholders.
“FY2025 was a year of progress and renewal. We delivered strong results while laying the foundation for an ambitious future. Massy is continuing to evolve, embracing innovation and building resilience to create lasting value for generations to come,” chairman Robert Riley commented.
