Banks DIH Group records $4.1B increase in profits for 1st half of 2026 fiscal year

Local beverage giant Banks DIH Group has reported a profit after tax of approximately $4.113 billion recorded for the first half of the 2026 financial year.

Presenting the report on behalf of the Board of Directors of Banks DIH Holdings Inc Group for the six-month period ended March 31, 2026, Chairman Clifford Reis indicated that the $4.113 billion unaudited profit after taxation attributable to the shareholders reflected an increase of $269 million, or 7.0%, over the $3.844 billion recorded in 2025.

He also reported the group›s third-party revenue was $29.355 billion, compared to $27.582 billion for the corresponding period in 2025 – a growth of $1.773 billion or 6.4%.

The mid-year report also showed the group’s unaudited profit before taxation was $6.967 billion, representing an increase of $350 million or 5.3%, when compared to $6.617 billion in 2025.

Focusing on the group’s individual businesses, Reis disclosed that revenue generated by Banks DIH Limited in the first six months of this year amounted to $25.139 billion, compared to $23.734 billion in 2025 – a growth of $1.405 billion or 5.9%.

Additionally, the unaudited operating profit before taxation for Banks DIH Limited was $4.974 billion, compared to $4.711 billion in 2025, reflecting an increase of $263 million, or 5.6%.

Banks Automotive

In addition, Banks Automotive and Services Inc., a 100 per cent owned subsidiary of Banks DIH Holdings Inc, generated revenues of $321.9 million. This, when compared to $154 million recorded in 2025, is an increase of $167.9 million or 109%.

Profit before taxation was $67.2 million compared to $22.6 million in 2024, a further increase of $44.6 million or 197.3%.

Citizens Bank

When it comes to Citizens Bank Guyana Inc., a 51 per cent owned subsidiary of Banks DIH Limited, revenues generated during the first six months of 2026 amounted to $4.087 billion compared to $3.744 billion last year – an increase of $343 million or 9.2%.

In addition, the bank’s operating profit before taxation was $2.261 billion compared to $2.018 billion in 2025, an increase of $243 million, or 12%.

Global challenges

According to Chairman Reis, the first six months of this financial year were very challenging for the Group, having been marked by persistent inflationary pressures that were driven largely by ongoing geopolitical changes in the world.

“This has contributed to increased energy, freight, and raw and packaging material costs. Despite these conditions, the Group remained resilient and continued to strengthen its operational and financial position,” he said.

The Chairman went on to note that during the first half of 2026, the group, through its Banks DIH Limited subsidiary, received several gold medals at the 2026 Monde Selection Awards. The award-winning malt-based products included Banks Beer, Classic Premium Lager Beer, Banks Champagne Shandy, Malta Supreme, and Malta Supreme Coconut and Ginseng.

The rum portfolio also secured gold medals, including XM 5-Year-Old, XM Special 12-Year-Old, and XM Supreme 15-Year-Old. Additionally, the company’s Maximum Vodka was also awarded a Monde Selection gold medal.

Reis further outlined that during the period, Banks DIH Limited advanced several strategic initiatives, including the ongoing installation of its new beverage canning line with an auxiliary bond and new office facilities that are currently underway to support future expansion.

In the restaurant division, the construction of the Bartica Qik Sery is expected to be completed in the third quarter of this year. The distribution fleet was further upgraded to improve market reach and efficiency. Investments in ICT infrastructure and cybersecurity were also made during the first half of this financial year.

Looking ahead

Moreover, the Chairman also reported that the Group’s Board of Directors approved a dividend payment of $0.70 per share unit to all shareholders whose names appear on the share register as of May 20, 2026. The cost of this dividend payment will be $594.9 million.

“Looking ahead, the group will remain focused on improving operational efficiency, managing costs, and increasing revenue growth, as we strive for sustained profitability and long-term value creation for our shareholders. I wish to thank my fellow directors for their continued support; the executive board for their commitment; and our loyal shareholders, employees, suppliers, and customers for the confidence placed in the group,” Chairman Reis stated.