Kingston Wharves posts $3.3 billion Q1 revenue as forex drags shareholder profit

Kingston Wharves closed the first quarter of 2026 with stronger top-line performance, even as bottom-line earnings slipped because of foreign exchange pressures.

For the three months ended March 31, consolidated revenue reached $3.3 billion, up 18 per cent from the same quarter a year earlier.

Profit attributable to shareholders fell 22 per cent to $591 million. The port operator said the drop was largely tied to exchange losses after the Jamaican dollar strengthened against the United States dollar.

Stripping out foreign exchange gains and losses, the company said net profit would have been up 5 per cent.

Terminal operations, which supplies more than 60 per cent of group revenue, brought in $2.3 billion for the period. Management linked the division’s growth to heavier cargo throughput and busier day-to-day operations.