One Great Studio returns to profitability, as 2025 strategic investment delivers results

Records net profit of $15-million, reversing the $9 million operating loss in 2025

Durrant Pate/Contributor

Strategic investments made over the past year are delivering results for One Great Studio Company (1GS), as the Group returned to profitability in the first quarter ended March 31, 2026.

During the quarter under review, revenue rose 34% to $102 million, up from $76 million, while net profit was $15 million, a successful turnaround from the previous year’s loss. Revenue growth was led by DRT Communications, along with organic growth in Web and App, Branding and Creative, and Digital.

Operating profit swung to J$8 million, reversing the operating loss of J$9 million recorded in the prior year, while earnings per share moved to positive territory at $0.01. All this positive performance has been credited to IGS’ long-term strategies, which are beginning to register clearly in the financial results. 

The $15 million net profit included a one-time $10 million gain related to its subsidiary, DRT Communications, earn-out adjustment. The performance was supported by the full-quarter contribution from DRT Communications, organic growth in Web and App, Branding and Creative, and Digital services, and early gains from investments made in shared services during the previous financial year.

Eyeing further opportunities

1GS is keeping an eye on further opportunities to strengthen its House of Brands model, particularly with returns from its recent acquisition beginning to take shape. In addition, the company is looking to strengthen its House of Brands model.

Chief Executive Officer, Djuvane Browne states, “We’re actively evaluating acquiring or launching other brands this year. What we’re building is a House of Brands, a team of experts that are given the freedom to excel in their field under one umbrella, so that we can not only serve clients better, but offer them the value of working with a cohesive team that fully understands their goal and can tackle it from all angles.”

Continuing, Brown remarks, “The results are the clearest evidence yet that the Group’s strategy is translating into improved financial performance. “We’re encouraged by where we are right now. We’ve been building toward this bigger picture, and 2026 is a good step forward in proving the value of our House of Brands vision. It took a bit of waiting in the beginning as we set the stage for it, but the early returns are showing that the foundation we built was the right call.”

1GS served 88 clients across its brands during Q1 2026. Average client spend increased to J$1.2 million from J$0.91 million, as cross-brand service opportunities continued to develop. Retainer revenue accounted for 71% of total revenue for the period.

Other financial highlights

Cost of Sales grew by 18%, remaining below the pace of revenue growth, as expenses were cut to $29 million, $6 million below the quarterly average for 2025. This was attributed to cost management measures and the benefits of the Group’s shared services structure. 

As at March 31, 2026, total assets stood at $693 million as shareholders’ equity rose to $599 million while total liabilities were lowered to $94 million. The company held cash and short-term Investments of $147.2 million with a Debt-to-Equity ratio of 2.55%. 

Net cash from operating activities was J$7.3 million, compared to an outflow of J$9.7 million in Q1 2025. 1GS identified its priorities for the remainder of the financial year as including growing revenue across the Group, protecting the margin improvements achieved in Q1 2026, and advancing its House of Brands strategy.