March 2, 2026
Jamaica Stock Exchange Limited(JSE)
Audited financials for the twelve months ended December 31, 2025:
Jamaica Stock Exchange Limited (JSE) for the twelve months ended December 31, 2025, reported a 9% increase in Turnover, totaling $2.89 billion, compared to $2.66 billion in the corresponding period last year. Turnover for the fourth quarter decreased 12% to $615.86 million, compared with $702.18 million in the comparable quarter of 2024.
Fee Income amounted to $2.13 billion (2024: $1.96 billion), an increase of 9% year over year. Consequently, cess increased by 13% to $589.68 million compared to $521.78 million for the twelve months ended December 31, 2024. The company booked cess of $80.30 million for the fourth quarter versus $177.32 million reported for the similar quarter of 2024.
Staff costs increased by 16% to $945.62 million (2024: $815.24 million), driven by higher staffing levels and salary adjustments. Property expenses increased by 24% from $378.01 million in 2024 to $469.40 million in the period under review. As a result, other operating expenses for the twelve months ended December 31, 2025, amounted to $200.49 million, a 123% increase relative to $89.78 million reported in 2024.
Total Expenses for the twelve months ended December 31, 2025, amounted to $2.29 billion, a 19% increase relative to $1.93 billion reported in 2024. Total Expenses for the fourth quarter amounted to $560.17 million (2024: $491.27 million). Total Investment Income totalled $61.65 million, a 1% decrease from the corresponding period last year. (2024: $62.58 million).
Profit before Taxation for the twelve months ended December 31, 2025, was $659.97 million, reflecting an 16% decrease from $784.65 million in 2024, highlighting the impact of market conditions while emphasizing ongoing stability. Profit before Taxation for the fourth quarter was $67.09 million, compared to $222.34 million in 2024.
Taxation for the twelve months ended December 31, 2025, decreased by 24% to $219.89 million (2024: $288.64 million). Net Profit for the twelve months amounted to $440.08 million, a 11% decrease from the $496.02 million reported in 2024. For the fourth quarter, Net Profit was $23.59 million (2024: $131.59 million).
Consequently, Earnings Per Share for the twelve months amounted to $0.63 (2024: EPS: $0.71), while Earnings Per Share for the quarter totaled $0.03 (2024: EPS: $0.19). The twelve-month trailing EPS was $0.63, and the number of shares used in these calculations was 701,250,000. Notably, JSE’s stock price closed the trading period on March 02, 2026, at a price of $11.06 with a corresponding P/E ratio of 17.62x.
Balance Sheet Highlights
The company’s assets totalled $3.69 billion (2024: $3.39 billion). The total increase the company’s asset is driven by an increase in PPE closing at $1.56 billion (2024: $1.42 billion) and Government secuities purchased under resale agreements which totalled $626.64 million (2024: $552.70 million).
Shareholders’ equity was $3.07 billion (2024: $2.86 billion), representing a book value per share of $4.37 (2024: $4.08).
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