November 17, 2025

Caribbean Assurance Brokers Limited (CABROKERS)

Unaudited Financial Results for the Nine Months Ended September 30, 2025

Caribbean Assurance Brokers Limited (CABROKERS) reported Revenue of $447.81 million for the nine months ended September 30, 2025, representing a 10% increase compared to $408.11 million for the corresponding period in 2024.
Revenue for the third quarter grew by 18% to $182.99 million, up from $155.63 million in Q3 2024.

Other Operating Income totaled $42.23 million (2024: $33.03 million), reflecting a 28% year-over-year increase. Consequently, Total Operating Income rose by 7% to $490.04 million, compared to $458.29 million for the nine-month period ended September 30, 2024. For the third quarter, Total Operating Income was $203.58 million, versus $170.58 million in Q3 2024.

Operating Expenses for the nine months amounted to $455.06 million, a 2% decrease from $466.41 million in 2024.

• Administrative and Other Expenses declined by 5% to $294.90 million (2024: $309.19 million).
• Selling Expenses increased by 2% to $160.16 million (2024: $157.22 million).

As a result, Operating Profit for the nine months was $34.98 million, compared to a loss of $8.12 million in 2024, a significant turnaround. For the third quarter, Operating Profit was $23.33 million (2024: $1.20 million).

Finance Costs decreased by 15% to $9.14 million (2024: $10.77 million).

Profit Before Tax for the nine months stood at $25.84 million, versus a loss of $18.89 million in 2024. For Q3, Profit Before Tax was $19.34 million, compared to a loss of $6.72 million in the prior year.

There was no tax charge incurred for the period (2024: nil). Net Profit for the nine months amounted to $25.84 million, compared to a loss of $18.89 million in 2024. For the third quarter, Net Profit was $19.34 million (2024: loss of $6.72 million).

Consequently, Earnings Per Share for the nine months amounted to $0.10 (2024: LPS: $0.07), while Earnings Per Share for the quarter totaled $0.07 (2024: LPS: $0.03). The twelve-month trailing LPS was $0.20 and the number of shares used in these calculations was 262,500,000.

Notably, CABROKERS’s stock price closed the trading period on November 17, 2025, at a price of $2.03.

Balance Sheet Highlights

The company’s assets totalled $1.50 billion (2024: $1.43 billion). The movement is total assets was primarily attributable a $233.20 million increase in ‘Receivables’ amounting to $430.59 million (2024: $197.39 million) partly offset by a 24% decline in ‘Cash and bank balances’ amounting to $634.69 million (2024: $831.17 million).

Shareholder’s equity was $449.93 million (2024: $524.82 million), representing a book value per share of $1.71 (2024: $2.00).

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