Back 15 Jul 2025

JB Foods Reports Record Revenue of USD1.66 Billion, Profit Jumps to USD23.1 Million on Cocoa Market Surge

Link: https://links.sgx.com/1.0.0/corporate-announcements/AO6IJKU8I80HYVBI/69f3af7aba209f4665588159ffc0ee8a262fb0f7f2f8a8518ae2316d10458cc7

Summary:

  • For its 15-month financial period ended 31 March 2025 (due to a change in year-end), JB Foods reported a historic revenue of USD1.66 billion, a 178% increase from USD595.8 million in FY2023, driven by higher average selling prices amid cocoa price volatility.

  • EBITDA surged 211% to USD76.7 million, while profit after tax jumped to USD23.1 million from USD1.9 million, reflecting an almost 12-fold increase on a pro-rated annual basis.

  • Operating cash flow reached USD131 million, supporting higher inventories tied to elevated cocoa prices.

  • Shareholders’ equity rose to USD199.1 million, with a net gearing improvement to 0.80 times.

  • The Group proposed a final dividend of 2.05 Singapore cents per share, after paying an interim dividend of 0.20 cents.

  • JB Foods continues to strengthen traceability ahead of EU deforestation rules, scale sustainability programs with over 22,000 farmers engaged, and invest in its new Ivory Coast facility to diversify sourcing and improve resilience.