March 2, 2026
Sagicor Real Estate X Fund LTD (XFUND)
Unaudited financials for the twelve months ended December 31, 2025:
Sagicor Real Estate X Fund LTD (XFUND) for the twelve months ended December 31, 2025, reported a 9% increase in Total Revenue totaling $8.48 billion compared to $7.80 billion in the corresponding period last year. Total Revenue for the fourth quarter increased 5% to $1.72 billion, compared with $1.64 billion in the comparable quarter of 2024.
Net capital gains on financial assets and liabilities amounted to $337.32 million (2024: loss of $89.33 million), representing an increase of 478% year over year. Consequently, hotel revenue increased by 4% to $7.64 billion compared to $7.33 billion for the twelve months ended December 31, 2024. The company booked hotel revenue of $1.68 billion in the fourth quarter, down from $1.72 billion in the comparable quarter of 2024. In addition, other operating expenses for the twelve months ended December 31, 2025, amounted to $516.40 million relative to $469.46 million reported in 2024.
Profit before taxation for the twelve months closed at $1.36 billion (2024: $752.15 million), driven by improved revenue streams and cost management, highlighting operational efficiencies that positively impacted overall profitability.
Taxation for the twelve months ended December 31, 2025, increased by 19% to $352.73 million, reflecting adjustments in tax strategies and their impact on net profit, which rose by 121% to $1.01 billion (2024: $456.70 million), ensuring stakeholders understand the tax influence on overall profitability. For the fourth quarter, Net Profit attributable to shareholders was $42.45 million (2024: $27.26 million).
For the twelve months, Earnings Per Share increased to $0.45 from $0.20 in 2024, demonstrating consistent growth and positive momentum for shareholders. The quarter’s EPS was $0.02, up from $0.01, reflecting ongoing profitability improvements. Notably, XFUND’s stock price closed the trading period on March 02, 2026, at $8.21, with a corresponding P/E ratio of 18.26x.
Balance Sheet Highlights
The company’s assets totalled $30.07 billion (2024: $32.21 billion). The total decrease in the company’s asset base is driven by 47% YoY decline in Financial investments under non current assets ending the year at $1.74 billion (2024: $3.29 billion), a 92% YoY decline in Cash resources ending the year at $195.99 million (2024: $2.38 billion), and a 22% YoY in Financial Investments under current assets ending the year at $2.86 billion (2024: $3.67 billion).
Shareholders’ equity was $23.60 billion (2024: $22.07 billion), representing a book value per share of $10.52 (2024: $9.84).
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