Na­tion­al En­ter­pris­es Ltd (NEL) has re­port­ed a prof­it af­ter tax of $15.3 mil­lion for the fi­nan­cial year end­ed Sep­tem­ber 30, 2025.

The com­pa­ny said this marked an in­crease of 104 per cent when com­pared to the un­re­alised fair val­ue loss­es of $349 mil­lion re­port­ed for the fis­cal year 2024.

NEL di­rec­tor David Robin­son said in the state com­pa­ny’s fi­nan­cial re­port for the pe­ri­od, “It is note­wor­thy that NEL was able to not on­ly to con­tain op­er­at­ing ex­pens­es, but through con­cert­ed ef­forts al­so de­crease these ex­pens­es by nine per cent.

In the re­port, NEL an­nounced op­er­at­ing prof­its of $139 mil­lion, which rep­re­sent­ed an in­crease of 15 per cent over the $120 mil­lion re­port­ed in the pre­vi­ous cor­re­spond­ing year.

It al­so stat­ed that div­i­dend in­come of $129 mil­lion rep­re­sents an in­crease of 14 per cent com­pared to $113 mil­lion re­ceived for fis­cal 2024, while the com­pa­ny’s cash flow re­mains healthy and buoy­ant with $172 mil­lion in cash and cash equiv­a­lent as at the close of fis­cal 2025.

Robin­son said much of the com­pa­ny’s per­for­mance was re­lat­ed to its LNG port­fo­lio, as he stat­ed, “Our strate­gic port­fo­lio of com­pa­nies has main­tained strong footholds dur­ing the past fi­nan­cial year with sol­id per­for­mances all around. We note the re­turn to ac­tive con­tri­bu­tion and pos­i­tive per­for­mance by NGC Trinidad and To­ba­go LNG Ltd, which pre­vi­ous­ly com­prised of At­lantic LNG Train 1, and is now part of the re­struc­tured uni­fied AL­NG that in­cludes trains 2, 3 and 4.”

Get­ting it right

In the T&T Guardian's Tues­day De­cem­ber 30 pub­li­ca­tion on page 12, we re­port­ed the fi­nan­cial re­sults of Na­tion­al En­ter­pris­es Ltd for the year end­ed Sep­tem­ber 30, 2025. In that orig­i­nal re­port, and in the pho­to cap­tion, David Robin­son was in­cor­rect­ly de­scribed as the NEL chair­man. Mr Robin­son is, in fact, the NEL di­rec­tor au­tho­rised by the board to sign the fi­nan­cial re­port on its be­half in the ab­sence of a sub­stan­tive chair­man. The er­ror is re­gret­ted and this on­line ver­sions has been cor­rect­ed.