Salada Foods reports solid performance at 61st AGM

Salada Foods Jamaica Limited shareholder Deneva Codner talks about the results with Board Chairman Patrick Williams and General Manager Tamii Brown at the 61st annual general meeting on March 12, 2026.

Deneva Codner attended his first in-person annual general meeting for Salada Foods Jamaica Limited on March 12, 2026.

At the 61st staging of the AGM, Codner listened to the first-hand report of his company’s performance since buying the stock in 2024.

“I used to live overseas, so my first wife Racquel has attended the meeting for us, as we both own the stock,” Codner explained. “I’ve been following Salada from a young age as my grandparents were coffee farmers in Manchester, and when I got the opportunity to become a shareholder, I took it.”

While overseas, Codner said it was quite difficult to find any of the innovations in the West Indian shops that he frequented.

“I couldn’t find [some of the products] in Canada. I heard about the Pumpkin Spice [Jamaica Mountain Peak Golden Turmeric Latte with Pumpkin Spice] and all of those that came out, I searched and I couldn’t find it. So, I was glad to hear today about how more people can access the product innovations.”

Tamii Brown, General Manager of Salada Foods, presented that the coffee producer is expanding beyond borders and expectations, with its products now available on Amazon — the world’s largest online marketplace. 

“This move signals a major step in the Company’s growth strategy, making its Jamaican-made products more accessible to global consumers seeking convenience and authenticity,” Brown shared with the shareholders at the Jamaica Pegasus. “Driving this expansion is a strong focus on innovation. Over the past five years, Salada has introduced 12 new products, evolving from a coffee-focused brand into a diversified portfolio leader. While remaining Jamaica’s coffee company, Salada has successfully expanded into ginger, turmeric, and, most recently, sorrel, ensuring its offerings stay relevant in a competitive, health-conscious market.”

Salada Foods Jamaica Limited shareholder Deneva Codner shares a light moment with Board Chairman Patrick Williams and General Manager Tamii Brown at the 61st annual general meeting on March 12, 2026.

Results

Salada’s forward-thinking approach is supported by steady financial performance. For the year ended September 30, 2025, revenue grew by 7.9% to $1.6 billion, with domestic sales rising by 12%. Over five years, revenue has increased by 35%, reflecting sustained demand and stronger market presence.

Gross profit rose to $487.9 million, though margins tightened slightly due to higher global coffee prices. Net profit closed at $171.5 million, impacted by increased input costs and one-time administrative expenses. Despite this, the Company maintained healthy cash flows and continued to invest in growth.

The strong financial position remains a key advantage, with total assets growing to $1.6 billion and continued investment in inventory and operations to meet rising demand.

Backed by innovation, digital expansion, and operational excellence, Salada is positioning itself for sustained growth while continuing to deliver quality products to consumers at home and abroad.