INDUSTRIAL group GB Holdings says working capital constraints and subdued aggregate demand weighed heavily on production volumes in the year ended December 31, 2025.
The group reported that total output fell by 19 percent to 779 tonnes in 2025, down from 953 tonnes in the prior year. Management attributed the decline to tighter liquidity and weaker demand across key economic sectors, which limited throughput in both the rubber and chemical divisions.
General Beltings’ rubber division saw volumes drop 21 percent to 301 tonnes (from 379 tonnes) due to softer demand from the energy sector.
However, divisional turnover surged 81 percent to US$2.9 million from US$1.6 million, bolstered by recovering demand from the mining sector. According to GB Holdings, this performance highlights the resilience of mining-linked industrial demand, which has become a primary revenue driver.-herald
