Salada posts stronger half-year profit as sales recover after Hurricane Melissa

KINGSTON, Jamaica — Jamaican food manufacturer Salada Foods Jamaica Limited has delivered a robust set of half-year financial results for the 2025/26 fiscal period, logging double-digit profit gains and steady revenue growth as the company solidifies its recovery from Hurricane Melissa’s disruptions and capitalizes on strengthening demand across both domestic and international export markets.

For the six-month window closing on March 31, 2026, the firm recorded gross revenue totaling JMD 838.8 million, marking a 9.2% uptick from the JMD 767.9 million reported in the same half-year period a year earlier. Company chairman Patrick Williams noted that the strong financial performance mirrors consistent consumer demand across the company’s product lines, as Salada steadily rebuilds operational momentum after the severe supply and production disruptions triggered by the hurricane last year.

The single quarter ending March 2026 saw an even more dramatic acceleration in growth, with total revenue surging 29.4% year-over-year to hit JMD 478.4 million, up from JMD 369.7 million in the comparable quarter of 2025.

Against a backdrop of persistent volatility in global raw material pricing and ongoing uncertainty in cross-border supply chains, Salada still managed to outpace last year’s profitability metrics by significant margins. The company’s gross margin edged up slightly to 31.1% from 30.8% in the prior year’s half-year period, an improvement Williams credited to targeted, stringent cost management strategies implemented across all operational segments.

Aggregate operating profit for the first half of the fiscal year climbed 19.2% year-over-year to reach JMD 127.7 million. For the March quarter alone, operating profit more than doubled, jumping 102.9% to JMD 88.2 million compared to the same quarter last year.

Throughout the reporting period, Salada maintained its strategic focus on boosting operational efficiency. Selling and promotional expenses held steady at 5.5% of total revenue, matching the prior year’s share even as the company scaled up marketing efforts to capture growing demand. Administrative costs also fell as a share of revenue, dropping to 10.4% from 11.6% year-over-year, a shift that reflects the company’s targeted cost containment measures amid a broader inflationary environment impacting the Caribbean region.

Net profit for the half-year period rose 12.8% to JMD 100.2 million, up from JMD 88.8 million in the prior year. Earnings per share also improved, rising to JMD 0.10 from JMD 0.09 a year earlier. By the end of the reporting period, Salada held total assets of JMD 1.53 billion, representing a 2.5% expansion in total asset value compared to the end of the prior fiscal year.

Beyond its core financial results, Salada has continued to advance corporate social responsibility commitments, supporting employees and local farming communities that sustained damage from Hurricane Melissa through targeted relief and long-term recovery programs.

Company leadership emphasized that the strong half-year performance puts Salada in a solid position to pursue planned expansion and product innovation initiatives through the remainder of the 2025/26 fiscal year.