PORT OF SPAIN, Trinidad, CMC – Guardian Media Ltd (GML) says it recorded a 66 per cent decline in after-tax profit for the quarter ended December 31, last year, despite registering revenue of TT$2.25 million (One TT dollar=US$0.16 cent) as compared to TT$6.74 million it earned for the same quarter in 2024.
The company recorded profit before taxation of TT$3.5 million, down by $4 million or 53 per cent, for the quarter ended December 31, last year, as compared to the corresponding period in 2024.
For the 12 months, GML reported a loss before taxation of TT$10.6 million, widening from a loss of TT$2.8 million in the prior year, adding that the decline was driven by a 14 per cent fall in revenue to TT$83.8 million, reflecting reduced commercial activity across the industry.
GML chairman Peter Clarke noted that several external factors contributed to the decline, including industry-wide cuts in advertising budgets, a government post-election advertising freeze from mid-May to the end of the year, and broader macroeconomic uncertainty.
The GML said that these conditions suppressed advertising demand to below-expected levels, weighing on revenue generation throughout the year.
But it said despite the downturn, GML is maintaining focus on operational discipline and long-term recovery strategies, and that efforts are being directed toward strengthening the operating model, advancing digital transformation, and improving capital allocation.
Based on the results, the Board has not recommended an ordinary dividend for 2025. However, preference shareholders will receive a final dividend, with six per cent preference shareholders to be paid three per cent. The Directors have set May 18, 2026, as the record date for that payment, with the register of members to be closed on May 21 and May 22, 2026.
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