CARIBBEAN-Massy Group records an increase in revenue earnings.

PORT OF SPAIN, Trinidad, CMC – The Trinidad-based regional conglomerate, Massy Group, is reporting a strong performance for the three months ending December 31, with revenue increasing by six per cent to US$650 million.

Massy Group president and chief executive officer, James Mc Letchie, said despite inflationary pressures, foreign exchange constraints and other competitive dynamics, Massy has entered 2026 focused on executing its long-term strategy as well as “delivering consistent performance, strengthening governance, allocating capital responsibly, and investing for sustainable growth, while maintaining clear, timely communication with shareholders and stakeholders to drive value creation”.

The Massy Group said that, based on the financial reports, the board of directors has declared an interim quarterly dividend of TT$3.54 (One TT dollar = 0.16 cents) per share.

In a statement, it said some key highlights of the Group’s performance include earnings before interest, taxes, depreciation, and amortisation (EBITDA) growing by 12 per cent to US$79 million.

Profit after tax from continuing operations increased by nine per cent to US$33 million.

The Group, with operations in several Caribbean countries, said its integrated retail portfolio increased revenue by four per cent to US$0.4 billion, and its gas products portfolio EBITDA increased by 10 per cent year-on-year to US$21 million.

At the same time, the motors and machines portfolio, when compared to the prior-year quarter, saw third-party revenue increase by 17 per cent to US$0.2 billion.

The integrated retail portfolio, including Massy Distribution and Massy Stores retail outlets, remained the Group’s most significant contributor, driven by volume growth, improved merchandising, and continued focus on enhancing customer experience and value across operations.

McLetchie expressed confidence in Massy’s ability to navigate the region’s complex challenges successfully and deliver sustainable growth for shareholders, customers, employees, and the communities served by the organisation.