May 4, 2026
Caribbean Assurance Brokers Limited (CABROKERS)
Audited Financial Results for the Twelve Months Ended December 31, 2025
Caribbean Assurance Brokers Limited (CABROKERS) for the year ended December 31, 2025, reported a 3.6% increase in revenue, totalling $506.56 million, compared to $488.99 million in the corresponding period of 2024. Revenue growth was driven by both commission streams, with Local commissions advancing 3.2% to $344.41 million and international commissions rising 4.4% to $162.15 million. Other operating income expanded 19.0% to $58.72 million, supported by higher agency fees of $35.10 million and a $14.30 million miscellaneous gain. Notably, an impairment reversal of $17.07 million (2024: $0.08 million) was recognised on the lifetime ECL allowance for commission receivables, reflecting accelerated collections on aged balances.
Administrative and other expenses fell 3.0% to $404.14 million (2024: $416.55 million). Selling expenses similarly contracted 3.0% to $208.19 million. As a result, total administrative, selling and other expenses for the year amounted to $612.33 million, a 3.0% decrease compared to $631.25 million reported in 2024. Staff costs, the largest line within total expenses, rose 3.5% to $419.39 million as headcount increased to 97 from 90.
Consequently, Operating Loss before finance cost and taxation for the year ended December 31, 2025, was $29.99 million, representing a 67.7% improvement from the loss of $92.83 million reported in 2024. Finance costs, however, climbed 29.5% to $10.51 million, driven primarily by loan interest of $3.95 million (2024: $2.75 million) following the drawdown of a $50.0 million Sagicor Bank facility at 10.6% in February 2025 and lease interest of $6.56 million (2024: $5.36 million).
Loss Before Taxation for the year ended December 31, 2025, amounted to $40.50 million, a 59.9% improvement relative to the loss of $100.94 million reported in 2024. A taxation charge of $1.27 million was recorded for the period (2024: $2.45 million credit). As a result, Net Loss for the year amounted to $41.77 million, a 57.6% improvement from the loss of $98.49 million reported in 2024.
Consequently, Loss Per Share for the year amounted to $0.16 (2024: LPS: $0.38). The number of shares used in these calculations was 262,500,000. Notably, CABROKERS’s stock price closed on May 1, 2026, at a price of $1.29.
Balance Sheet Highlights
The company’s assets totaled $933.30 million (2024: $953.90 million). The movement is total assets was primarily attributable a $122.32 million increase in ‘Cash and bank balances’ amounting to $182.30 million (2024: $59.98 million).
Shareholder’s equity was $382.31 million (2024: $444.08 million), representing a book value per share of $1.69 (2024: $1.46).
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