Courtney Pullen Managing Director of Everything Fresh Limited and its subsidiary Company in the Bahamas is pleased to present the unaudited financial statements for the quarter ended March 31, 2026.
The quarter’s performance was positive though we are still experiencing lingering impacts of events surrounding Hurricane Melissa in late October 2025.
Notwithstanding, we continue to invest in our long term growth drivers to create values for all our stakeholders.
Sales Revenue for the quarter grew to $1 .09 billion which was 3.2% above the comparative period of the prior year.
Gross Profit realized for the quarter was $225.4 million, a reduction of 3.7% when compare to the same period last year of $234,0 million. Cross profit margin fell by 150 basis points to 20.7% (prior year 22.2%)
Administrative and Selling expenses was $170.82 million slightly below the comparative quarter of last year of $172.0 million. The expense to sales ratio was 15.7%, down from
16.3% when compare to the same period of last year.
Net profit stood at $28.5 million for the quarter compared to $42.5 million for the corresponding period. The net profit margin was 2.6% (prior year 4%).
Balance Sheet
Total Assets at the end of the period were $2.1 billion an increase of 20.4% increase over the prior year of $1 .74 billion, with current assets being $1 .79 billion or higher than the same period last year.
Current liabilities at the end of period were $1 .48 billion (prior year $743 million).
Inventory Value was $1 .0 billion or 40% above the prior year while Trade and other Receivables were $522.5 million (prior year $551 million). Trade Payables were $694.3 million an increase of 48% over the corresponding period last year of $469.2 million
Long term loans stood at $779.2 million to that of the same period last year of $659.3 million reflecting conversion of some long term debt to short term.
Cash and Bank Balances, inclusive of short term investments totalled $252.5 million, an increase of $1 19.2 million over the prior year.
Corporate Social Responsibility (CSR)
We continued our long-standing programmes of support for the Western United Basic School albeit the negative impact of Hurricane Melissa.
Outlook
We will remain resilient and continue focusing on achieving our targets for the year, delivering value and growth for all shareholders.
EVERYTHING FRESH LIMITED – UNAUDITED FINANCIAL STATEMENTS FOR THE QUARTER ENDED MARCH 31, 2026
