The Tribune

FOCOL Holdings last night reaffirmed to shareholders that profits for the year to end-September 2025 jumped 50.1 percent to $44.4m as it bids to execute on the liquefied natural gas (LNG) terminal and generation assets that are key to the Government’s energy reforms.

The audited financial statements for the BISX-listed petroleum products and energy supplier were formally presented to investors last night at the company’s annual general meeting (AGM). Sir Franklyn Wilson, FOCOL Holdings’ chairman, and Dexter Adderley, president and chief executive, also outlined the company’s capital programme and priorities for its next growth phase.

FOCOL Holdings generated consolidated revenue of $454m for the 12 months to end-September 2025 compared to $436.5m in the prior year. Basic and diluted earnings per share increased from $0.26 to $0.39, while gross profit rose to $119.8m from $109.5m one year earlier.

The company said it continued to invest in the infrastructure and operating capabilities required to support the Group’s broader energy activities. Capital additions totaled $89.3m during the 2025 financial year, reflecting continued development across key business areas and the group’s commitment to building dependable long-term capacity.

The results were presented under FOCOL’s ‘Capacity Delivered’ theme, reflecting a period in which sustained capital investment increasingly translated into stronger operating capability across the group.

Mr Adderley said: “Our 2025 performance reflects stronger execution across the group and the increasing contribution of our utility services operations. We continued to invest in the infrastructure and operating capabilities required to support reliable energy delivery, while maintaining focus on our established wholesale and retail businesses.

“The progress achieved during the year is important, but investment only creates value when the capacity we build performs. Our attention remains on disciplined project delivery, operational reliability and the careful management of growth.”

Looking ahead, Mr Adderley added: “Our strategy is to strengthen FOCOL’s established operations while expanding responsibly across the wider energy sector. We believe this approach positions the group to support evolving energy requirements while creating sustainable long-term value for shareholders.”

Management said the group remains focused on strengthening performance across its businesses, while ensuring that recent investment translates into reliable operations, improved capability and sustainable long-term value.

Sir Franklyn said the group’s stronger financial performance also placed greater responsibility on the Board as the company continued to invest and expand.

“The financial results demonstrate stronger performance, but the scale of FOCOL’s investment also brings greater responsibility,” he added. “The Board remains focused on disciplined oversight, prudent capital management and ensuring that the quality of our governance keeps pace with the growth of the group. Our objective is not growth for its own sake, but sustainable value for shareholders and a stronger company for the future.”

FOCOL’s total assets increased to $579.9m as at September 30, 2025, compared to $499.5m one year earlier. Shareholders’ equity increased to $276.6m, while the carrying value of property, plant, equipment and investment property rose to around $352m.

During the 2025 financial year, FOCOL declared and paid ordinary dividends totaling $0.15 per share, or around $15.8m.

FOCOL Holdings management said its priorities include strengthening the group’s established businesses, converting recent capital investment into dependable operating capacity, and continuing to build the people, systems and infrastructure required for FOCOL’s next stage of development.

“The next phase is about execution,” Mr Adderley said. “We have built significant capacity. Our responsibility now is to maintain world class standards across all segments of the group.”