November 11, 2025
Transjamaican Highway Limited(TJH)
Unaudited financials for the nine months ended September 30, 2025:
Transjamaican Highway Limited (TJH), for the nine months ended September 30, 2025, reported a 15% increase in Revenue to US$69.38 million relative to US$60.43 million in the corresponding period last year. Revenue for the third quarter amounted to US$24.37 million (2024: US$20.78 million), a 17% increase. This performance reflects sustained growth in traffic volumes including increased t-Tag usage across the network.
Other Gains and Losses amounted to US$3.31 million relative to Other Gains and Losses of US$3.09 million for the comparable period in 2024. Whereas, for the quarter, Other Gains and Losses totalled US$1.21 million relative to the US$1.14 million in 2024.
Operating Expenses increased 3% to US$17.23 million (2024: US$ 16.67 million).
Administrative Expenses for the period closed at US$7.51 million, a 7% increase from the US$7.03 million reported in 2024.
Finance Cost amounted to US$10.08 million relative to US$10.49 million in 2024, a 4% decrease year over year.
Profit Before Tax closed at US$37.88 million versus a Profit Before Tax of US$29.33 million for the nine months ended September 30, 2025. TJH reported a Profit Before Tax of US$13.81 million versus a Profit Before Tax of US$10.87 million for the third quarter of 2025.
The Company reported Taxation of US$9.81 million (2024: US$7.34 million), resulting in a Net Profit of US$28.07 million relative to a Net Profit of US$21.99 million in 2024. Net Profit for the quarter amounted to US$10.29 million relative to a Net Profit of US$8.07 million in 2024.
Consequently, Earnings Per Share for the nine months amounted to J$0.36 (2024: EPS: J$0.28), while Earnings Per Share for the quarter totalled J$0.13 (2024: EPS: J$0.10). The twelve month trailing EPS was J$0.47 and the number of shares used in these calculations was 12,501,000,000.
Notably, TJH’s stock price closed the trading period on November 10, 2025, at a price of $4.17 with a corresponding P/E ratio of 8.80x.
Balance Sheet Highlights
The company’s assets totalled US$301.69 million (2024: US$296.76 million). “The increase reflects higher reserve account balances and strong cash positions, partially offset by ongoing amortization of the intangible asset,” TJH noted.
Shareholder’s equity was US$73.27 million (2024: US$55.92 million), representing a book value per share of J$0.94 (2024: J$0.71).
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