Massy is reporting increased revenue and profitability in its Barbados operations, as the group anticipates a continued demanding operating environment, including continued pressure from inflation, foreign exchange constraints, and geopolitical uncertainty.
This information is detailed in Massy Holdings Limited’s unaudited consolidated financial statements for the six month period ended March 31, 2026, where chairman Robert Riley outlines a corporate strategy refresh “to ensure Massy remains well aligned to the opportunities and challenges of the period ahead”.
The financials state that the Trinidad and Tobago group’s revenue from its Barbados-based entities was $418.8 million, up from $403.8 billion in same period last year.
Profit before tax in Barbados was $30.5 million, up from $29.3 million at the end of March last year.
Riley’s statement indicated that this was part of an overall “solid first half to financial year 2026, with continued growth in revenue and profit from continuing operations, strong cash generation, and a balance sheet that has remained resilient through a demanding operating environment”.
Massy’s group third-party revenue from continuing operations grew 7.4 per cent year on year to $2.5 billion.
Operating profit after finance costs from continuing operations rose 5.8 per cent to $175 million, profit before tax from continuing operations advanced six per cent to $176.6 million, and earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 5.4 per cent to $292.6 million.
The chairman also reported that cash flows from operating activities held firm at $219.5 million, and earnings per share from continuing operations improved by 1.6 per cent to 5.17 cents.
“These results were achieved against and a backdrop of inflationary pressures, tighter foreign exchange conditions, heightened geopolitical uncertainty,” Riley noted.
“They reflect management’s continued focus on disciplined execution, operational efficiency, and financial strength across the group.”
The improved financial returns from Barbados was reflected in Massy’s largest portfolio – integrated retail.
Riley said that this segment remained the principal contributor to group earnings, with revenue growing 5.3 per cent to $1.6 billion, EBITDA rose four per cent to $164.2 million, and operating profit after finance costs increased 7.4 per cent to $114 million.
He explained that this was “supported by volume growth across our key markets, particularly Trinidad and Tobago, Barbados, and Guyana”.
Massy’s board has approved a second quarter financial year 2026 interim dividend of 1.05 cents per share, bringing the half year total to 2.11 cents.
“This sustains the higher level of distributions established in financial year 2025, when interim dividends increased by 125 per cent compared to financial year 2024, and reflects both the strength of the Group’s recurring earnings and our continued commitment to delivering predictable returns to shareholders under our quarterly dividend framework,” Riley said.
Dividends paid during the period totalled $62.8 million.
In the outlook, Riley said Massy expected operating conditions “to remain demanding, with continued pressure from inflation, foreign exchange constraints, and geopolitical uncertainty”.
“Against that backdrop, the board has commenced a refresh of the group’s corporate strategy to ensure Massy remains well aligned to the opportunities and challenges of the period ahead,” he shared.
“In the near term, our focus is on strengthening cash conversion, maintaining balance sheet quality, addressing areas of under-performance, and accelerating growth opportunities while ensuring disciplined capital allocation.
