November 6, 2025
Dolla Financial Services Limited (Dolla)
Unaudited financials for the nine months ended September 30, 2025:
Dolla Financial Services Limited (Dolla) for the nine months ended September 30, 2025, reported a 36% increase in Total interest income totaling $1.50 billion compared to $1.10 billion in the corresponding period last year. Total interest income for the third quarter had a 42% increase to close at $502.70 million compared to $353.99 million for the comparable quarter of 2024. Dolla attributed its income growth to the commitment of both its team and customers, as well as strong demand for its financial products.
Interest Expenses amounted to $302.31 million (2024: $194.24 million), this represents an increase of 56% year over year. Consequently, net interest income increased by 32% to $1.19 billion compared to $903.52 million for the nine months ended September 30, 2024. The company booked net interest income of $400.13 million for the third quarter versus $280.96 million reported for the similar quarter of 2024.
Provision for expected credit losses for the nine months ended September 30, 2025, amounted to $157.59 million, a 401% increase relative to $31.48 million reported in 2024. Consequently, Net Interest Income after Loan Impairment increased by 19% to close at $1.04 billion (2024: $872.04 million).
Fees and Other Income increased by 42114% from $57,000 in 2024 to $24.06 million in the period under review. As a result, Total Net Interest Income and Other Revenue for the nine months ended September 30, 2025, amounted to $1.06 billion, a 22% increase relative to $868.55 million reported in 2024. Total Net Interest Income and Other Revenue for the third quarter amounted to $362.53 million (2024: $255.61 million).
Administrative Expenses totalled $619.32 million a 24% increase from the corresponding period last year. (2024: $499.52 million). As a result, profit before Taxation totalled $441.83 million a 20% increase from the corresponding period last year. (2024: $369.03 million). Management highlighted, “The increase in Operating expenses was primarily driven by external fraudulent activity involving loan security documentation that has impacted the Jamaican financial sector in recent months. Although the issue impacted only a small portion of Dolla’s loan portfolio, it led to higher bad debt and ECL provisions, as well as increased administrative costs from the final Dolla Guyana provisioning and expanded marketing initiatives. In response, management conducted a thorough review, strengthened internal controls, completed remedial actions, and initiated recovery efforts to restore profitability.”
Income Tax for the nine months ended September 30, 2025, amounted to $7.06 million, a 76% decrease relative to $29.39 million reported in 2024. As such, Net Profit for the nine months ended September 30, 2025, had a 28% increase to reach $434.77 million (2024: $339.64 million). For the quarter, net profit increased by 236% from $55.58 million in 2024 to $186.51 million in 2025.
Total Comprehensive Income for the nine months amounted to $435.38 million, a 31% increase from the $332.99 million reported in 2024. For the third quarter, Total Comprehensive Income was $184.60 million (2024: $51.86 million).
Consequently, Earnings Per Share for the nine months amounted to $0.17 (2024: EPS: $0.14), while Earnings Per Share for the quarter totaled $0.07 (2024: EPS: $0.02). The twelve-month trailing EPS was $0.20, and the number of shares used in these calculations was 2,500,000,000.
Notably, Dolla’s stock price closed the trading period on November 05, 2025, at a price of $2.54 with a corresponding P/E ratio of 12.56x.
Balance Sheet Highlights
The company’s assets totalled $4.81 billion (2024: $3.57 billion). The growth in total assets was primarily driven by a $1.43 billion increase in the company’s loan portfolio, while cash balance trended down by $185.48 million during the period.
Shareholder’s equity was $1.45 billion (2024: $1.05 billion), representing a book value per share of $0.58 (2024: $0.42).
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