ANSA McAL’s operations in Guyana have emerged as a key driver of the conglomerate’s growth, contributing just over 12 per cent of group revenue in 2025—making it the company’s second-largest market. The development highlights the success of the group’s expansion strategy beyond its home base of Trinidad.
At the release of ANSA McAL’s 2025 year-end financial results at Samaan Estate on Tuesday, Group CEO Anthony N. Sabga III expressed confidence in the company’s trajectory, noting that profits were back in the billions despite several challenges over the past year.
“Guyana’s economy is performing quite interestingly, and we have been participants there for decades. We continue to invest alongside that growth and capture opportunities as the market expands,” Sabga said.
The group also saw significant gains in the United States, where contributions to revenue grew from 1 per cent in 2023 to 7 per cent in 2025, reflecting the success of strategic investments, including the US-based Bleachtech. Meanwhile, Trinidad’s contribution to total revenue fell from 73 per cent to 66 per cent—not due to a decline in local business, but as a result of the rapid growth in other markets.
Sabga underscored that policy changes, such as increased excise duties on alcohol and a rise in natural gas prices by the state-owned National Gas Company, were not unusual and had only reinforced the group’s focus on operational efficiency.
“What it has impacted for us is the need to continue striving for operational effectiveness and efficiencies. That mentality is not new for us,” he said. “We work with our suppliers and customers to mitigate these changes, ensuring sustained business performance for all stakeholders.”
The year began with setbacks, including challenges faced by Bleachtech in the first quarter due to environmental and weather-related factors. However, profitability doubled by mid-year, with a strong fourth quarter setting the stage for 2026.
CFO Nicholas Jackman highlighted the overall turnaround: “For the full year, the group recovered well after a challenging Q1. We ended 2025 with improved margins, evidence of execution, and operating discipline.”
The strong results also lend credence to the company’s decision to freeze dividend payments for three years to fund expansion plans. Sabga reassured investors that a return to healthy dividends is anticipated in the future and described the current share price as “a once-in-a-lifetime opportunity”—noting that a share of ANSA McAL is currently priced lower than a six-pack of beer.
While the CEO did not comment on future expansion at the event, he expressed confidence that the company’s current portfolio is well-positioned to carry forward its momentum into 2026. (Reworked from the Trinidad and Tobago Guardian)
