November 12, 2026

Caribbean Assurance Brokers Limited (CABROKERS)
Unaudited Financial Results for the Nine Months Ended September 30, 2026

Caribbean Assurance Brokers Limited (CABROKERS) reported Revenue of $475.25 million for the nine months ended September 30, 2026, representing a 6% increase compared to $447.81 million for the corresponding period in 2025.
Revenue for the third quarter grew by 18% to $215.63 million, up from $182.99 million in Q3 2025.

Other Operating Income totaled $39.03 million (2025: $42.23 million), reflecting an 8% year-over-year decrease. The Company also recorded a Credit Impairment Recoverable of $14.34 million (2025: nil). Consequently, Total Operating Income rose by 8% to $528.61 million, compared to $490.04 million for the nine-month period ended September 30, 2025. For the third quarter, Total Operating Income was $234.84 million, versus $203.58 million in Q3 2025.

Operating Expenses for the nine months amounted to $480.14 million, a 6% increase from $455.06 million in 2025.

• Administrative and Other Expenses increased by 7% to $315.71 million (2025: $294.90 million).
• Selling Expenses increased by 3% to $164.43 million (2025: $160.16 million).

As a result, Operating Profit for the nine months was $48.48 million, compared to $34.98 million in 2025, a 39% increase. For the third quarter, Operating Profit was $58.05 million (2025: $23.33 million).

Finance Costs increased by 69% to $15.46 million (2025: $9.14 million).

Profit Before Tax for the nine months stood at $33.01 million, versus $25.84 million in 2025, a 28% increase. For Q3, Profit Before Tax was $52.24 million, compared to $19.34 million in the prior year.

There was no tax charge incurred for the period (2025: nil). Net Profit for the nine months amounted to $33.01 million, compared to $25.84 million in 2025, a 28% increase. For the third quarter, Net Profit was $52.24 million (2025: $19.34 million).

Consequently, Earnings Per Share for the nine months amounted to $0.13 (2025: EPS: $0.10), while Earnings Per Share for the quarter totaled $0.20 (2025: $0.07). The twelve-month trailing LPS was $0.13 and the number of shares used in these calculations was 262,500,000.

Notably, CABROKERS’s stock price closed the trading period on November 11, 2026 at a price of $1.40.

Balance Sheet Highlights

The company’s assets totalled $1.74 billion (2025: $1.50 billion). The movement in total assets was primarily attributable to a 43% increase in ‘Cash and bank balances’ amounting to $905.27 million (2025: $634.69 million) and a 125% increase in the ‘Intangible asset’ balance to $109.69 million (2025: $48.82 million), partly offset by a 93% decline in ‘Investments at amortised cost’ to $6.83 million (2025: $94.86 million).

Shareholders’ equity was $415.32 million (2025: $449.93 million), representing a book value per share of $1.58 (2025: $1.71). The decline reflects the audited FY2025 net loss of $41.77 million, partially offset by the nine-month profit of $33.01 million. No dividend has been paid in 2026.

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