National Enterprises Limited (NEL) is reporting a strong start to the financial year, posting a net profit of TT$237 million for the six months ending March 31st, 2026.
The company is also reaffirming its commitment to rewarding shareholders, maintaining its policy of paying out 90% of net dividends received.
Speaking at its Quarterly Investors Meeting on Tuesday, General Manager Charles Maynard said the company has distributed more than TT$876 million in dividends over the past five years. He added that NEL remains focused on creating long-term value for shareholders through a combination of capital growth and consistent dividend payments.
“We’ve seen some positive movement in our share price over the past couple weeks. We look to ensure that we employ the drivers that would maintain it and sustain it, and when we match that with our dividend policy and delivering of value to our shareholders, we hope the market will realise that the NEL share is really one that drives value for you.”
Mr Maynard also highlighted NEL’s continued growth, pointing to the company’s expanding investment portfolio, including its increased stake in the unified Atlantic LNG structure. He said the company remains committed to pursuing strategic investments while safeguarding shareholder value.
“We can build from that platform and we can build consistent with what the market is offering, build consistent with what we can add value to, and build consistent with the preservation of capital for our shareholders. To give us the opportunity. So it’s all like, preserve, hold, build and grow.”
NEL also reported that its share price has risen from TT$3.70 in 2023 to a peak of TT$5.48 in May this year, bringing its market capitalisation to more than TT$3 billion.
Company officials say their long-term strategy remains focused on preserving capital, growing investments and delivering sustainable returns to more than 5,600 shareholders.