Jamaica’s sole cement producer, Caribbean Cement Company, delivered another strong financial performance in 2025, achieving revenue of J$31.5 billion, a 13% increase year-over-year.
This growth was driven by a 7% rise in local sales volumes and operational efficiencies coming from the successful completion of the company’s expansion project, which strengthened Caribbean Cement’s ability to meet domestic demand, even in the face of the adverse impact of Hurricane Melissa on the market in the fourth quarter. In addition, the project enabled a substantial increase in export volumes, highlighting the producer’s expanding footprint in international markets.
Gross profit margin for the full year remained strong at 40%, compared with 41% in 2024. During the first half of the year, which coincided with the expansion project and planned maintenance activities, higher operating costs led to a gross profit margin of 33%. Following the successful completion of the expansion, enhanced operational efficiency increased production capacity and lowered unit production costs, driving a robust gross profit margin of 47% in the second half of the year, resulting in a solid full-year gross profit margin of 40%.
Operating earnings rose to J$7.9 billion, up 4% from the prior year. The performance was achieved notwithstanding the disposal of J$0.3 billion in fixed assets that were rendered obsolete and removed from service as part of the modernization of its operations.
As Caribbean Cement enters the first quarter of 2026, it is strategically positioned to support Jamaica’s rebuilding efforts following Hurricane Melissa, while continuing to advance the country’s broader development objectives.
“The successful completion of the Debottleneck Project has materially strengthened production capacity, reliability and operational efficiency, enabling the company to meet rising demand from post-hurricane reconstruction as well as ongoing public and private sector infrastructure programs,” said the company
With domestic demand growing steadily, Caribbean Cement remains committed to ensuring a consistent and reliable local supply. At the same time, the company is advancing an ambitious export plan for 2026, anchored in projected production surpluses after satisfying local market requirements. This export strategy is intended to optimize capacity utilization, expand Caribbean Cement’s regional footprint and generate foreign currency earnings for Jamaica, contributing to the national economy.
