Atlantic Hardware looking to close strong, build on nine-month gains
Published:Wednesday | December 3, 2025 | 12:05 AM
Atlantic Hardware & Plumbing Company Limited, AHPC, is eyeing a robust finish to 2025 after delivering a solid nine-month performance.
With one quarter left in the year, Atlantic Hardware has so far increased revenue from $1.23 billion to $1.29 billion over the January-September period, and grew its profit from $61 million to $80.4 million. Its year-to-date earnings are already close to the $90.5 million of profit delivered for all of 2024.
Still third-quarter revenue, July-September, was lower than the year prior, at $426.42 million, compared to $437.43 million.
In his outlook on business, Chairman Paul Scott said Atlantic Hardware, which listed on the junior market of the Jamaica Stock Exchange in April, “is well-positioned to sustain its growth trajectory”. The company made no reference to Hurricane Melissa in its earnings report, which was published two weeks after the storm pummelled Jamaica at Category 5 strength.
Atlantic Hardware CEO Deanall Barnes attributed the stronger margins to disciplined pricing, improved purchasing practices, and tighter inventory management.
Gross profit year to date climbed nine per cent to $377.88 million, while operating profit slipped six per cent to $175 million, reflecting higher administrative costs linked to warehouse upgrades and technology investments.
Finance costs fell 14 per cent to $89.16 million, after significant debt repayments following the company’s $500-million initial public offering and stock market début.
“Our listing was not just about raising capital; it was about positioning Atlantic for sustainable growth. We’ve reduced leverage significantly, improved financial flexibility, and unlocked tax efficiencies that will benefit shareholders over the long term,” said Chairman Scott in his report to shareholders.
Barnes said the company’s focus remains on market expansion.
“We are investing in technology; we recently added the final piece of our enterprise resource planning system,” he said. “Along with this, we’re strengthening our supplier network, and broadening our product portfolio. These initiatives will ensure we remain competitive in a challenging environment.”
The company, which distributes more than 2,400 hardware and building products to over 1,000 customers nationwide, continues to leverage global brands such as Stanley, Dewalt, Bosch, and Generac. Barnes says demand remains steady across key segments, supported by an expanded sales team and improved product availability.
Looking ahead, AHPC aims to sustain momentum by deepening relationships with contractors and developers, while exploring new product lines.
“We’ve built a solid platform for growth,” Scott emphasised. “Our goal is to sustain this trajectory by deepening relationships with contractors and developers, while exploring new product lines aligned with Jamaica’s construction boom,” he said.