A. Norman Sabga Chairman ANSA McAL Limited has released the following Amended Audited Consolidated Financial Statements for the year ended December 31st, 2025
The Group delivered strong operating performance in 2025. This was driven by higher margins, disciplined cost management and consistent execution across our businesses.
In 2025, the Group completed the divestment of ANSA Technologies, Standard Distributors in Trinidad and Barbados, and Brydens Xpress and Retail in Barbados. Our strategic progress was reflected in material improvements in earnings and growth from continuing operations. Revenue grew by 9% to $7.788 billion (2024: $7.121 billion). Adjusted EBITDA increased by 21% to $1.762 billion (2024: $1.459 billion). Profit before tax rose by 10% to $1.014 billion (2024: $0.923 billion) and earnings per share improved to $3.44 (2024:
$3.34).
The Group’s results demonstrate a higher level of earnings capacity and overall cash availability, which we directed toward strengthening the balance sheet.
During the year, we repaid $502 million in total debt service and reduced gearing to 23.9% (2024: 28.4%), while remaining within all debt covenant thresholds with appropriate headroom. We continue to actively manage our portfolio to sharpen our focus on core businesses, strengthen capital discipline, and enhance earnings resilience.
Our progress advances the Group’s 2X strategy through organic growth, operational excellence and business mix optimisation.
Across Manufacturing, Packaging, Brewing, Insurance and Banking, performance was supported by operational efficiency initiatives, prudent underwriting discipline and higher investment income. Guyana increased its contribution to both revenue and profitability during the year and is now the Group’s second-largest market.
Foreign exchange constraints affected our Automotive, Trading, Distribution and Retail operations, influencing inventory availability and timing. We responded by tightening working-capital controls, reinforcing supply-chain arrangements and executing pricing and product-mix actions to protect profitability.
Following the acquisition of BleachTech LLC in late 2024, our priorities in 2025 were stabilisation, integration and operational enhancement. We strengthened core systems, aligned key processes to Group standards and focused on operational discipline. These steps establish the platform for improved performance and increased earnings contribution over the medium term.
The operating environment remains shaped by heightened geopolitical and macroeconomic volatility. The Group’s diversification and active risk management across our domestic and international operations will help to moderate the impact of external swings caused by factors beyond our control.
As we enter 2026, our priorities are to maintain margin and cost discipline, manage balance-sheet strength and allocate capital to the best-return opportunities
within our core businesses. With these fundamentals in place, we remain focused on delivering growth and long-term shareholder value.
ANSA McAL Limited – Amended Audited Consolidated Financial Statements for the year ended December 31st, 2025