Conglomerate, ANSA McAL is showing signs of resilience despite a challenging start to 2025.
The Group’s Chief Executive Officer says the company remains financially stable and committed to long-term growth, even as profits dipped in the first quarter.
ANSA McAL, one of the Caribbean’s largest conglomerates, is navigating a tough economic climate with confidence.
It’s Group Chief Executive Officer, Anthony Sabga III, says the company’s structure and global reach are key to its stability.
“40-plus businesses and partnerships across 11 sectors and in 30 markets. As you can see, Ansa McAL is a Caribbean-birthed conglomerate. But we are, in fact, now a global organization with global manufacturing and global reach.”
But he said Quarter one wasn’t without its challenges – the group’s newly acquired bleach plant in Ohio was hit hard by what’s being called the “Big Freeze” in the United States.
Despite the ‘freeze’ and other economic pressures, ANSA McAL posted a 10% increase in revenue.
However, profit before tax fell by TT$80 million, or 46%.
“That the group actually was able to deliver a 10% growth in its top line, and also a substantial growth in our operating cash flows. That being said, whilst our revenue was up and our adjusted EBITDA was down, our profitability, PBT, is down 80 million, or 46%. As I mentioned, a lot of this is one-off type stuff. And our earnings per share has also declined to 49%.”
He noted though that the group is doubling down on reinvestment, especially in its beverage, banking, and chemical sectors.
And while Mr Sabga didn’t give any hints, he confirmed that more acquisitions are in the pipeline.
“So we do have our sights set on quite a few other items. Our balance sheet remains available for additional points. And it’s part of our culture as an organization. We remain very much forward-looking.”
In November 2024, ANSA McAL announced the acquisition of the US-based chlor-alkali producer BLEACHTECH, via its US subsidiary ANSA Chemicals US LLC, for a purchase price of US $327 million.
To date, this acquisition represents the largest acquisition in the Caribbean conglomerate’s 143-year history.