Jamaican conglomerates post profits as market, forex activity stays active

Several major companies listed on the Jamaica Stock Exchange reported profitable results in the latest Business Report, with Victoria Mutual Investments, JMMB Group and Jamaica Producers Group all outlining gains despite mixed market conditions.

For the year ended December 31, 2025, Victoria Mutual Investments recorded consolidated revenue of $2.36 billion and net profit of $165.9 million. At the company’s ninth annual general meeting on Thursday, June 4, chief executive officer Resworth Burensson said total assets rose 15.1 per cent to $35.06 billion. He also said underlying profit increased 24.1 per cent year over year after adjusting for a one-off gain booked in 2024. “It was not an easy year,” he said, noting flat economic growth, weaker public equities, declining Treasury bill yields, and volatility in bond and equity markets.

JMMB Group Limited reported net profit of $1.87 billion for the financial year ended March 31, 2026. Chief financial officer Patrick Ellis said the performance reflected stronger core operations, higher net interest income, more foreign exchange activity, and growth in fee-based income, along with improved efficiency, a stronger balance sheet and better cash generation.

Jamaica Producers Group Limited posted consolidated net profit attributable to shareholders of $2.3 billion for the year ended December 31, 2025, up 42 per cent from $1.6 billion in 2024. Chairman Charles Johnston pointed to continued progress and the growth of Pan Jamaica Group Limited, in which Jamaica Producers remains the largest single shareholder.

For trading on June 5, 2026, Kintire Holdings Jamaica Limited led activity with 9,388,541 units, or 33.33 per cent of market sales. TransJamaican Highway Limited followed with 6,384,296 units, while The Limners and Bards Limited traded about 3.99 million units. Activity was concentrated in transport, distribution and advertising stocks.

Bank of Jamaica data for June 8, 2026 also showed strong foreign exchange demand across major currencies, including the US dollar, Canadian dollar and British pound. The report said businesses should remain alert to currency timing when managing import costs, debt payments and overseas exposure.

The programme also highlighted credit and funding readiness, advising consumers to use credit strategically for travel rewards and urging small businesses to strengthen financial records, credit profiles, funding plans, banking relationships and formal structures before seeking capital.