…as company records $9.8B in taxed profits in 2025
…Citizens Bank loans increased from $60.1 billion to $63.9 billion
With the aim of expanding its production capacity, Banks DIH Limited will be installing a new beer and soft drink canning line as well as investing in the construction of a rooftop restaurant this year.
This is according to the company Chairman and Managing Director, Clifford Reis, in his annual report for the period ended September 30, 2025, which he will present to shareholders on January 31, 2026, at the Annual General Meeting.
He reported that profits before tax for Banks DIH Limited were $13.795 billion compared to $13.402 billion in 2024 – an increase of $393 million or 2.9 per cent. On the other hand, the company’s profit after tax was $9.827 billion compared to $9.609 billion, reflecting an increase of $218.0 million or 2.3 per cent.
According to Reis, the revenue generated by the local beverage giant was $47.356 billion compared to $48.844 billion in 2024.
The Chairman explained that the past year was very challenging for the company, which suffered production downtime in the first quarter at the present beer plant due to the late arrival of spares. This, he noted, also affected the annual maintenance programmes.
Despite these setbacks, however, Reis said the dedicated workforce ensured Banks DIH met its performance targets in the next three quarters of the financial year, which saw the company emerging stronger with maintenance programmes, commissioning of the No. 1 Soft Drink Plant and improved operational efficiency aimed at reducing costs and maintaining high quality standards in order to boost overall productivity by making adequate products available to consumers.
Meanwhile, the Chairman also reported on the performance of the Banks DIH Group in 2025, which saw third-party revenue to the tune of $55.259 billion compared to $55.945 billion in 2024.
The profit before tax for the group was $17.581 billion compared to $16.979 billion in 2024, an increase of $602 million or 3.55 per cent. Similarly, profit after tax for the group attributable to shareholders of the parent company increased from $10.563 billion to $10.636 billion.
Invest in long-term physical assets
According to the Chairman, the Board of Directors has recommended a dividend proposal of $3.00 per share unit, resulting in an overall cost of $2.550 billion as compared with $2.210 billion in 2024, an increase of $340 million or 15.38 per cent.
Reis noted that, “…the Group, through its Subsidiary, Banks DIH Limited, continues to invest in long-term physical assets to expand operational capacity, improve efficiency and increase profitability.”
In 2025, the company’s expenditure included the construction of new stores and retail outlets, the procurement of new equipment to enhance packaging and production, the addition of increased power capacity to support operations and the installation of a new beer plant in October, while work continues on the newly acquired 40-acre land to facilitate future expansion.
“Looking ahead, we are optimistic about the future. The beverage industry is evolving rapidly, and we are well positioned to capitalise on emerging trends. Our robust pipeline of innovative products – GT Light Beer, R1 Ice Green Apple, Back to School Biscuits and Snack Foods – is set to meet changing consumer preferences while maintaining the high standards of quality you expect of us…”
“In the 2026 financial year, our subsidiary, Banks DIH Limited’s capital expenditure, will focus on the installation of the New Beer and Soft Drink Canning Line, the construction of a New Canning Warehouse and Offices, the construction of a Rooftop Restaurant, the No. 1 Beer Plant overhaul, expanding our distribution fleet and the acquisition of equipment across other production and utility services to enhance our production capacity,” the chairman reported.
Citizens Bank
Reis also reported on the performance of Citizens Bank Guyana Inc, a 51 per cent-owned subsidiary of Banks DIH Limited. The bank’s revenue for 2025 was $7.736 billion compared with $7.065 billion generated in 2024, an increase of $671 million or 9.5 per cent.
Citizens Bank’s profit before tax was $4.201 billion compared to $3.764 billion in 2024, an increase of $437 million or 11.6 per cent, while profit after tax was $2.480 billion compared to $2.244 billion, also an increase of $236 million or 10.5 per cent.
Moreover, the bank’s net interest income was $6.071 billion, while its earnings per share was $41.69 and the total asset base was $151.1 billion. Loan assets at the bank last year were increased from $60.1 billion to $63.9 billion; that is, by 6.3 per cent, or $3.8 billion.
Over at Banks Automotive and Services Inc, a 100 per cent-owned subsidiary of Banks DIH Holdings Inc., the chairman reported revenues generated to the tune of $378.3 million compared to $81.6 million in 2024, an increase of $296.7 million.
He noted that the profit before tax was $53.6 million compared to $7.4 million in 2024, reflecting a growth of $46.2 million, while the profit after tax was $29.8 million compared to $3.9 million in 2024, representing an increase of $25.9 million.
According to Reis, the employees form one of the key pillars of the company with dedication and commitment to ensuring that the highest standards of performance and efficiency are met. This was rewarded with competitive remuneration, allowances, and long-term benefits such as pension and gratuity plans, medical and savings schemes.
Similarly, the Chairman noted that the Board is committed to creating value for shareholders. As such, a dividend payment of $1.70 per share unit was recommended for shareholders of Banks DIH Holdings Inc whose names appear on the Share Register as of January 31, 2026.
The total dividend paid to all shareholders during 2025 was $3.00 per share unit. This resulted in an overall cost of $2.550 billion as compared to $2.210 billion in 2024, an increase of $340 million or 15.38 per cent.
Looking forward, Chairman Reis noted that the same dedication and skill would be needed to continue achieving success in the company’s complex and diverse business operations.
“In the year 2026, with the consolidation of our production capacity, there is an opportunity to increase our market share and expand the supply of our products to overseas markets to continue growing the purpose of the group to create wealth for all stakeholders. We are deeply rooted in the community where we work and partner with all stakeholders to make a positive impact on society and the economy,” the Banks DIH Chairman stated.
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