June 11, 2025
Jamaica Stock Exchange Limited(JSE)
Unaudited financials for the six months ended June 30, 2025:
Jamaica Stock Exchange Limited (JSE) for the six months ended June 30, 2025, reported a 26% increase in Turnover totaling $1.52 billion compared to $1.21 billion in the corresponding period last year. Turnover for the second quarter had a 15% increase to close at $658.55 million compared to $572.97 million for the comparable quarter of 2024.
Fee Income amounted to $1.07 billion (2024: $959.09 million), which represents an increase of 11% year over year. Consequently, cess increased by 131% to $347.77 million compared to $150.36 million for the six months ended June 30, 2024. The company booked a cess of $92.23 million for the second quarter, compared to $76.44 million for the same quarter of 2024.
Staff costs increase by 13% to close at $497.94 million (2024: $439.74 million), while Property expenses increase by 19% from $175.66 million in 2024 to $209.63 million in the period under review. As a result, other operating expenses for the six months ended June 30, 2025, amounted to $68.74 million, a 63% increase relative to $42.20 million reported in 2024.
Total Expenses for the six months ended June 30, 2025, amounted to $1.16 billion, a 23% increase relative to $946.14 million reported in 2024. Total Expenses for the second quarter amounted to $607.85 million (2024: $453.20 million). Total Investment Income totalled $33.67 million, a 3% increase from the corresponding period last year. (2024: $32.72 million).
Profit before Taxation for the six months ended June 30, 2025, amounted to $391.30 million, a 33% increase relative to $293.36 million reported in 2024. Profit before Taxation for the second quarter amounted to $68.24 million (2024: $140.16 million).
Taxation for the six months ended June 30, 2025, had a 12% decrease to reach $109.51 million (2024: $123.85 million). Net Profit for the six months amounted to $281.79 million, a 66% increase from the $169.51 million reported in 2024. For the second quarter, Net Profit was $45.53 million (2024: $76.99 million).
Consequently, Earnings Per Share for the six months amounted to $0.40 (2024: EPS: $0.24), while Earnings Per Share for the quarter totaled $0.06 (2024: EPS: $0.11). The twelve-month trailing EPS was $0.87, and the number of shares used in these calculations was 701,250,000.
Notably, JSE’s stock price closed the trading period on August 08, 2025, at a cost of $12.60 with a corresponding P/E ratio of 14.53x.
Balance Sheet Highlights
The company’s assets totalled $3.76 billion (2024: $3.27 billion). The total increase in the company’s total asset base is driven by a 58% YoY increase in “Government Securities Purchased Under Resales Agreements” ending the quarter at $817.10 million (2024: $516.73 million), a 11% YoY increase in “Trade and Other Receivables” ending the quarter at $475.31 million (2024: $428.83 million), a 294% increase in “Long-Term Receivables” ending the quarter at $55.19 million (2024: $14.02 million) and a 12% YoY increase in “Intangibles” ending the quarter at $286.53 million (2024: $255.38 million).
Shareholders’ equity was $2.93 billion (2024: $2.59 billion), representing a book value per share of $4.18 (2024: $3.70).
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