Hamlyn Jailal has taken the helm as Chairman of the Board of National Flour Mills, on the heels of a strong financial year for the company.
The National Flour Mills has presented a strong financial year result for 2025.
It comes as Hamlyn Jailal takes up the mantle as Chairman after he was elected following the company’s 52nd Annual Meeting of Shareholders on December 30th at the Hilton Trinidad and Conference Centre.
Despite a modest 6% uptick in gross profit, from $152 million to $161 million, the company delivered a solid bottom-line performance.
Net profit after tax grew 25%, climbing from $35.4 million in 2023 to $44.1 million in 2024, assisted by a significant 71% reduction in finance costs.
Total comprehensive income jumped from $32.9 million to $51.6 million, while earnings per share rose from 30 cents to 37 cents.
Shareholders will reap the rewards of this performance, with those on the register as of January 9th, 2026, will receive a final dividend of 12 cents per ordinary stock unit for the year ended December 31st, 2024.
Payment for that is scheduled for January 21st, 2026.
Chairman Jailal will lead a team of directors tasked with driving NFM’s strategic mandate of innovation, efficiency, and regional food security.
Joining him on the Board are Alimuddin Mohammed, Sudesh Jai Ramkissoon, Dixie-Ann Williams-James, Luanna Natalie Taylor, George Smith, Ganesh Saroop, Stephen Young, Nicholas Rampersad, and Robert Badal.