NASSAU, Bahamas — AML Foods Limited reported robust first-quarter results for the period ended July 31, 2025, with both sales and profitability posting solid gains.
The BISX-listed food retailer recorded sales of $49.4 million, up 8.9 percent from $45.4 million in the same quarter last year. Net profit surged to $4.3 million, compared to $1.7 million for the prior-year period.
Chief Executive Officer and President Gavin Watchorn attributed the results to increased customer counts across all locations and consistent net margins supported by effective shrink management. He noted that while expenses remain under pressure—particularly from energy, insurance, and payroll—overall costs declined as a percentage of sales.
“Our results this quarter reflect the continued confidence of our customers, who are responding positively to the value and shopping experience we are providing,” Watchorn said. “We will remain focused on disciplined execution and long-term growth, while carefully managing costs in a challenging operating environment.”
The company highlighted ongoing investments to strengthen its operations. Design work is underway to rebuild its Old Trail facility, while its Eleuthera Markets location continues to outperform expectations, reinforcing the group’s long-term growth strategy.
Based on the quarter’s performance, the Board of Directors approved an ordinary dividend of $0.06 per share, payable on September 29, 2025, to shareholders of record as of September 22, 2025.
