Durrant Pate/Contributor

Omni Industries closed 2025 on a strong financial footing, reporting a 18% increase in revenue to $2.19 billion, up 14% from $1.92 billion in 2024. 

The company, which is one of Jamaica’s leading manufacturers and distributors of PVC pipe and fittings, industrial packaging, garden hose and plastic, credited its investment in plant modernisation, which led to the strong annual performance, which was propelled even further by a sharp increase in domestic orders for post-hurricane reconstruction materials.

In addition, Omni Industries saw steady activity in the construction industry. Managing Director Patrick Kumst notes, “We spent most of the year focusing on upgrading our equipment and keeping costs down. So, we were in a good position throughout the year.

“When Hurricane Melissa hit, demand for our construction products jumped significantly. We pushed our manufacturing to capacity to meet the national demand, and we were also donating these critical materials as part of our way of giving back. While we’re proud to have earmarked $10 million for direct relief aid, I think our biggest contribution was operational. It was keeping our machines running to ensure that Jamaica had the products and materials needed to get back on its feet.”

Big growth during Q4

For the final quarter of the year, Omni recorded revenue of $616 million, a 50% increase over the $410 million posted in the corresponding period of 2024, as post-hurricane reconstruction activity and infrastructure demand increased domestic orders. During the year, the company also entered new regional marketing in Dominica, St. Lucia, Barbados and Guyana. 

Gross profit for the full year rose to $891 million, compared to $872 million in 2024, supported by higher production volumes and better absorption of fixed manufacturing costs. Profitability strengthened further at the bottom line. Net profit for 2025 climbed to $169.9 million, a 34% increase over the $126.6 million recorded in the previous year.

Operating performance was strengthened by ongoing investment in plant and equipment, including the commissioning of several new injection moulding machines, which enhanced throughput and production precision during the year. These investments contributed to a 37% increase in property, plant and equipment to $603 million at year-end.

Operating expenses remained broadly flat

Though there were higher depreciation and logistics costs associated with recent capital projects, total operating expenses remained broadly flat year over year, underscoring the company’s focus on efficiency and cost management.

“2025 wasn’t an easy year, with higher costs and supply challenges, but our team stayed focused and kept delivering for our customers. Demand remained strong, we invested at the right time, and that helped us maintain steady growth despite the pressures,” Kumst reports.

On the balance sheet, Omni ended the year with total assets of $1.85 billion, up from $1.66 billion in 2024, stemming from increased investment in productive capacity and modest growth in working capital. Inventories rose slightly to $826.8 million, from strategic stock-building to support anticipated demand in the post-hurricane recovery phase.

Liquidity also improved, with the company recording a net increase in cash and cash equivalents during the year, as operating activities generated $170.8 million in net cash, reversing the outflow recorded in 2024. 

The Omni MD states, “Going forward into the next financial year, our focus will be on building more capacity, strengthening our export readiness, and continuing to support national rebuilding efforts. With the progress we’ve made and the position we’re in now, we’re confident about growing the business further in Jamaica and across the region.”