Parris A. Lyew-Ayee Chairman of Caribbean Cement Company Limited CCC has released the following Condensed Consolidated Unaudited Interim Financial Statements For The Three Months Ended March 31, 2026
Financial Performance
During the first quarter, CCCL reported revenue of JM$9.3 billion, representing a 12.9% year-over-year increase. This strong performance was driven primarily by higher sales volumes, reflecting sustained demand in the domestic market associated with ongoing recovery activities following Hurricane Melissa.
The gross profit margin improved significantly to 51%, compared with 46% in the corresponding period of 2025. This improvement was driven by operational efficiencies achieved at the production facility, and management’s continued focus on cost discipline. Following the successful completion of the expansion project in 2025, improved margins, cost stability, and reducing unit production costs compared to last year.
Operating earnings before other income and expenses, net, amounted to JM$3.8 billion, an increase of JM$890 million (+30.1%) over the prior year. After accounting for other income and expenses including higher foreign exchange losses, operating earnings totalled JM$3.5 billion, representing a 31.2% year-over-year improvement.
Consolidated net income reached JM$3.0 billion, exceeding the prior year’s first-quarter result by JM$1.0 billion (+52.8%), supported by strong operating performance.
Earnings per share (EPS) for the quarter were JM$3.58, an increase of JM$1.24 compared to the same period in 2025.
The company maintained a strong liquidity position at the end of the quarter, with cash and cash equivalents of JM$15.7 billion, representing an increase of JM$4.0 billion, excluding the impact of foreign currency movements. Net cash flows generated from operating activities totalled JM$4.2 billion, reflecting an improvement of JM$1.9 billion over the corresponding period of the prior year.
Outlook
Caribbean Cement Company Limited continues to realise the benefits of its JM$6.7 billion Debottleneck investment, which has significantly improved kiln output and operational efficiency, enabling the company to reach record cement sales of approximately 96,000 metric tonnes for the month of February.
As 2026 unfolds, the company anticipates continued strong performance, while aware of challenges, including higher fuel and energy costs from the US–Iran conflict. Proactive measures will be taken to mitigate any long-term impacts and to maintain operational stability.
The company remains firmly committed to supporting Jamaica’s development and the growth of the local construction industry.
Caribbean Cement Company Limited CCC – Condensed Consolidated Unaudited Interim Financial Statements For The Three Months Ended March 31, 2026
