FOCOL Reports 50% Profit Growth and Significant Capital Investments
News related to:FOCOL Holdings Limited · 2 min read
FOCOL Holdings Limited, a Bahamian energy group, reported a 50.1% increase in net profit and comprehensive income for the 2025 financial year, reaching B$44.4 million. The company’s capital additions during the same period amounted to B$89.3 million, marking a significant investment in its energy businesses across The Bahamas and the Turks and Caicos Islands.
The financial results, presented at FOCOL’s 2026 Annual General Meeting in Nassau, showed a robust growth in earnings. Net profit and comprehensive income increased from B$29.6 million in the previous year to B$44.4 million, while consolidated revenue reached B$454.0 million. Earnings per share rose to B$0.39 from B$0.26, and gross profit increased to B$119.8 million from B$109.5 million.
FOCOL’s operations are structured into three principal areas: wholesale, retail, and utility services. The wholesale segment encompasses petroleum importation, storage, and distribution, as well as marine and aviation fueling infrastructure. The retail sector includes the company’s service-station network and convenience retailing. Utility Services involves electricity generation activities in New Providence and renewable-energy projects in Grand Bahama.
President and CEO Dexter Adderley emphasized the company’s focus on translating the substantial investment into reliable operating performance.
The company’s capital additions, totaling B$89.3 million, followed B$88.0 million in the prior year. At the end of the financial year, construction in progress had a carrying value of B$59.3 million, reflecting ongoing projects and infrastructure development.
Chairman Sir Franklyn R. Wilson highlighted the importance of continued discipline in capital allocation and governance.
FOCOL maintained a focus on liquidity and balance-sheet management while undertaking its investment program. Total assets increased to B$579.9 million, while shareholders' equity reached B$276.6 million at year-end. Cash generated from operating activities was B$67.1 million, and the Group ended the financial year with B$59.3 million in cash.
The company returned approximately B$15.8 million to ordinary shareholders during the 2025 financial year through dividends totaling B$0.15 per share, maintaining the same dividend level as the prior year.
Looking ahead, management prioritizes strengthening operating performance across the expanded Group, maintaining disciplined capital management, continuing the development of people and systems, and ensuring that investments already undertaken deliver their intended operational and financial benefits. “The next phase is about execution,” Adderley said. “We have built significant capacity. Our responsibility now is to operate that capacity reliably, efficiently, and safely, and to ensure that it delivers lasting value.”