Photo: Pedro M. París – Group CEO Productive Business Solutions Limited (PBS )
The following is an extracted highlight from Productive Business Solutions Limited (PBS ) Interim Report Q4 and Full Year 2025
- Fourth Quarter 2025 Performance:
- Revenue: $111.7 million, a 12.6% increase from $99.2 million in Q4 2024.
- Gross Profit: $36.5 million, up from $35.6 million in Q4 2024.
- EBITDA: $16.3 million, down from $18.4 million in Q4 2024 due to a $1.3 million one-time expense in Costa Rica. Normalized EBITDA would have been $17.6 million.
- Net Loss: $0.5 million, primarily due to a $4.9 million one-time write-off in Costa Rica.
- Full Year 2025 Performance:
- Revenue: $375.9 million, a 3% decline from $387.4 million in 2024.
- Gross Profit: $126 million, a 10.1% increase from $114.4 million in 2024, reflecting a shift to higher-margin business.
- EBITDA: $55.3 million, an 8.8% increase from $50.9 million in 2024.
- Profit After Tax: $4.8 million, down from $7.6 million in 2024 due to one-time tax and other expenses.
- Financial Position (as of December 31, 2025):
- Total assets: $257 million, up from $251.7 million in 2024.
- Total equity: $77.5 million, down from $83.6 million in 2024.
- Cash and cash equivalents: $21 million, down from $30 million in 2024.
- Cash Flow Highlights:
- Net cash provided by operations: $17.9 million, down from $32.5 million in 2024.
- Net cash used in financing activities: $19.4 million, compared to $25.4 million in 2024.
- Net cash used in investing activities: $7.5 million, compared to $9 million in 2024.
- Shareholder Information:
- Largest shareholders include Facey Group Limited (84.2 million shares) and Musson (Jamaica) Limited (45.2 million shares).
- Directors and executives hold shares, with notable holdings by Pedro Paris Coronado (5.5 million shares) and Jose Misrahi (1.1 million shares).
- Outlook for 2026:
- PBS Group expects improved gross margins, expanded recurring revenue streams, stronger EBITDA generation, and enhanced regional coordination.
- Accounting Standards:
- The financial statements are prepared in accordance with IFRS and follow consistent accounting policies from 2024.
- Dividends:
- Dividends of $11.2 million were declared/paid in 2025, compared to $1.3 million in 2024.
The document highlights PBS Group’s strong operational performance in Q4 2025, despite challenges, and its strategic focus on higher-margin business for long-term growth.
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