Demerara Distillers Limited (DDL) reported a solid financial result for 2025, with $6.1 billion in Profit After Tax (PAT), despite rising uncertainties in global markets. The results, detailed in the company’s annual report by Chairman Komal Samaroo, highlight steady growth mainly driven by the domestic market, even as international sales faced difficulties.
Profit Before Tax increased to $8.5 billion from $8.0 billion in 2024, reflecting a rise of over six per cent. Net earnings also grew by more than five per cent, advancing from $5.8 billion to $6.1 billion. Earnings per share followed a similar upward trend, rising from $7.56 to $7.98. Overall Group Turnover reached $33.4 billion, an eight per cent increase compared to $30.8 billion in the previous year.
This growth was mainly driven by strong local demand. Domestic turnover rose to $27.8 billion from $24.6 billion, a 13 per cent increase. Non-alcoholic beverages were the main contributor, making up 88 per cent of the growth, while alcoholic products accounted for the remaining 12 per cent.
In contrast, export performance declined over the year. Revenue from international markets decreased from $6.3 billion to $5.6 billion. Sales of both bulk and branded alcoholic beverages dropped by 16 per cent, reflecting reduced global demand and shifting consumer preferences. However, exports of non-alcoholic products surged by 50 per cent, partially offsetting the downturn. Overall, export turnover fell by 11 per cent.
The company attributed these challenges to decreased consumer spending power worldwide, especially in the premium spirits sector, as well as the implementation of new tariffs in the United States—one of the largest spirits markets globally. Despite these pressures, DDL continued to grow its international presence, strengthening its position in Asian markets and travel retail channels while seeking new distribution opportunities.
Shareholders are expected to benefit from stable returns, with an interim dividend of $0.40 per share already paid in December 2025. Directors have recommended a final dividend of $1.60 per share, which, if approved at the upcoming Annual General Meeting on 17 April, will bring total dividends for the year to $2.00 per share—unchanged from 2024. This payout accounts for roughly 25.1 per cent of the company’s after-tax profits.
Beyond financial performance, DDL made significant progress in improving its operational capacity and long-term growth plan. The company successfully restored its power infrastructure at Plantation Diamond after a major fire in September 2024 that destroyed several transformers and generators. Recovery efforts ensured minimal long-term disruption to operations.
A major milestone was reached with the completion of the $12.6 billion Beverage Plant Expansion in December 2025. This project, carried out over three years, improves production capabilities and prepares for the launch of new products in 2026. Staff training is already in progress to support the development of these innovations.
Additionally, DDL commissioned its $3.5 billion World Trade Centre in June 2025, further enhancing its commercial and operational capacity.
One of the company’s most ambitious initiatives—the US$20 million Moblissa Dairy Project—is making steady progress and is scheduled to commence production by mid-2026. Situated along the Soesdyke-Linden Highway, the 200-acre facility will be Guyana’s first large-scale modern dairy farm. Once operational, it is expected to significantly increase local milk production, lessen reliance on imports, and strengthen national food security.
Supporting this initiative, a cattle farm linked to the project is set to commence operations soon. Additional developments include the ongoing upgrade of the Demerara Shipping Company Limited wharf, which is expected to be completed by the third quarter of 2026.
DDL has also expanded its domestic presence recently by establishing operations in Lethem, Region Nine, with a Distribution Services Limited (DSL) outlet that offers cash-and-carry and other services. Future expansion plans include new facilities in Vreed-en-Hoop and upgrades to the company’s carbon dioxide plant to accommodate rising demand.
To support its expanding dairy operations, DDL is also advancing plans for TOPCO Fresh Milk Receiving and Processing Facilities. These will play a crucial role in processing and packaging milk and dairy products, strengthening the company’s value chain.
Innovation remained a key focus in 2025, with several new products launched into the market. These include a selection of TOPCO juice drinks, Diamond Splash beverages, and premium rum varieties, including special editions of El Dorado, as well as a seasonal mocha rum cream liqueur.
Looking ahead, DDL aims to benefit from both domestic economic growth and emerging export opportunities. The company’s strategy of backward integration—especially through investments like the Moblissa Dairy Project—seeks to improve supply chain efficiency and support CARICOM’s regional food security goals.
With solid financial results, ongoing infrastructure investments, and expansion into new sectors, DDL seems well-prepared to navigate global uncertainties while maintaining long-term growth.