West Indies Petroleum Terminal posts stronger Q1 profit on storage and throughput gains

West Indies Petroleum Terminal has turned in a stronger first quarter, with gains tied to more third-party storage work and higher fuel throughput.

For the three months ended March 31, 2026, net profit after tax rose 52 per cent to US$1 million. The firm linked the uplift to greater throughput volumes and higher rates.

Revenue for the period reached US$2.5 million, up 21 per cent from the same quarter a year earlier. The company said business from outside clients was a key driver of the improved showing.

Liabilities fell by US$5.2 million compared with the prior year, mainly after repayments on borrowings and sums owed to related entities.

Management said it is keeping a firm grip on costs while gearing storage and throughput operations for further expansion.