US Market
Caribbean Flavours and Fragrances Limited, CFF, is on track to deliver its best financial performance in 2025, following robust earnings in the first six months of 2025.
The company, a subsidiary of Derrimon Trading Limited, reported a net profit of $82.03 million for the January-June period — just shy of its full-year earnings of $83.88 million in 2024.
CFF Chief Financial Officer Ian Kelly reported to shareholders at the company’s annual general meeting that revenue for the half-year surged 18 per cent to $529.24 million, up from $447.91 million in the similar period in 2024. This growth was driven by strong second-quarter sales of $302.8 million, reflecting a 16 per cent year-over-year increase. Kelly is also CEO of Derrimon.
Caribbean Flavours’ balance sheet also strengthened, with total assets rising to $966.38 million and shareholders’ equity increasing to $772.66 million. However, working capital pressures are mounting. Receivables jumped 23 per cent to $158.5 million, outpacing revenue growth and indicating longer cash conversion cycles, according to the company’s half-year financials.
Milestone
Despite these challenges, CFF is bullish on its prospects. The company is targeting $1 billion in revenue for the full year, a milestone that would eclipse its previous record of $900.8 million set in 2023. Kelly expressed confidence in achieving the goal, citing strong momentum and a committed team