This week, on the Bourse Report, we review the performance of The West Indian Tobacco Company Limited (WCO) and National Flour Mills Limited (NFM) for their half-year ended 30th June, 2025 (HY2025). NFM’s modest revenue growth and improved margins led to greater earnings, while WCO’s persistent revenue and margin challenges resulted in weaker financial results. Can NFM continue to deliver upward earnings momentum? Will WCO be able to stabilize earnings following several periods of decline? We discuss below.