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SYGNUS reports 48% decrease in six months net profit

February 13, 2026

Sygnus Credit Investments Limited (SCIJMD)

Unaudited financials for the six months ended December 31, 2025:

Expressed in United States dollars (except where indicated otherwise)

Sygnus Credit Investments Limited (SCIJMD) for the six months ended December 31, 2025, reported a 10% increase in Total interest income totaling $11.52 million compared to $10.49 million in the corresponding period last year. Total interest income for the second quarter had a 3% decrease to close at $4.98 million compared to $5.15 million for the comparable quarter of 2024.

Interest expense amounted to $6.82 million (2024: $6.37 million), this represents an increase of 7% year over year. Consequently, net interest income increased by 14% to $4.70 million compared to $4.12 million for the six months ended December 31, 2024. The company booked net interest income of $1.52 million for the second quarter versus $1.82 million reported for the similar quarter of 2024.

Fair value gains on investment decreased by 49% to close at $1.94 million (2024: $3.85 million), while Net foreign exchange gains increased by 1640% from $7,224 in 2024 to $125,692 in the period under review. As a result, total revenue for the six months ended December 31, 2025, amounted to $6.64 million, a 18% decrease relative to $8.13 million reported in 2024.

Management fees increased by 7% to close at $1.74 million (2024: $1.64 million), while other expenses increased by 55% from $589,561 in 2024 to $916,080 in the period under review. Also, Impairment allowance on financial assets for the six months ended December 31, 2025, amounted to $1.27 million, a 208% increase relative to $414,147 reported in 2024. As a result, Total Expenses totalled $4.03 million a 47% increase from the corresponding period last year. (2024: $2.73 million).

Profit before tax for the period for the six months ended December 31, 2025, amounted to $2.61 million, a 52% decrease relative to $5.39 million reported in 2024. Loss before tax for the period for the second quarter amounted to 527,784 (2024: Pre-tax profit of $302,124).

Tax credit for the six months ended December 31, 2025, amounted to $41,413 (2024: Tax charge of $265,307). As such, Profit for the year, being total comprehensive income for the six months amounted to $2.65 million, a 48% decrease from the $5.13 million reported in 2024. For the second quarter, Net Loss was $527,784 (2024: Net Profit of $203,790).

Consequently, Earnings Per Share for the six months amounted to J$0.73 (2024: EPS: J$1.38), while Loss Per Share for the quarter totaled J$0.15 (2024: EPS: J$0.06). The twelve-month trailing EPS was J$0.50, and the number of shares used in these calculations was 580,564,096.

Notably, SCIJMD’s stock price closed the trading period on February 13, 2026, at a price of J$11.10 with a corresponding P/E ratio of 22.42x.

Balance Sheet Highlights

The company’s assets totalled $228.13 million (2024: $217.76 million). The growth in total assets was primarily driven by increases in Cash and Interest Receivables by $4.62 million and $5.29 million, respectively.

Shareholder’s equity was $74.82 million (2024: $75.62 million), representing a book value per share of J$20.60 (2024: J$20.37).

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

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