February 12, 2025
LASCO Financial Services Limited (LASF)
Unaudited financials for the nine months ended December 31, 2025:
LASCO Financial Services Limited (LASF) for the nine months ended December 31, 2025, reported a 4% increase in Income totaling $1.57 billion compared to $1.51 billion in the corresponding period last year. Income for the third quarter had an 8% increase to close at $531.46 million compared to $492.61 million for the comparable quarter of 2024.
Other operating income amounted to $97.45 million (2024: $77.48 million), this represents an increase of 26% year over year.
LASF highlighted, “Although this reflects some rebounding of remittance transactions from the previous comparative period, we experienced fallout in transaction volumes due to closure of a number of our agent locations in the central and western parts of the island after the passing of Hurricane Melissa. ”
Admin & other expenses decreased by 4% to close at $855.13 million (2024: $892.09 million), while selling and promotional costs decreased by 2% from $615.06 million in 2024 to $603.88 million in the period under review. As a result, operating expenses for the nine months ended December 31, 2025, amounted to $1.46 billion, a 3% decrease relative to $1.51 billion reported in 2024.
Profit from Operations for the nine months ended December 31, 2025, amounted to $213.35 million, a 166% increase relative to $80.22 million reported in 2024. Profit from Operations for the third quarter amounted to $36.63 million (2024: $727,000).
Finance Costs totalled $64.52 million a 4% increase from the corresponding period last year. (2024: $62.18 million).
Profit Before Taxation for the nine months ended December 31, 2025, amounted to $148.83 million, a 725% increase relative to $18.04 million reported in 2024. Profit Before Taxation for the third quarter amounted to $15.74 million (2024: Pre-tax loss of $20.65 million).
Taxation for the nine months ended December 31, 2025, had a 78% increase to reach $58.62 million (2024: $32.98 million). As such, Net Profit for the nine months amounted to $90.21 million, a 704% increase from the $14.94 million net loss reported in 2024. For the third quarter, Net Profit was $1.79 million (2024: Net loss of $24.09 million).
Consequently, Earnings Per Share for the nine months amounted to $0.07 (2024: LPS: $0.01), while Earnings Per Share for the quarter totaled $0.001 (2024: LPS: $0.019). The twelve-month trailing EPS was $0.13, and the number of shares used in these calculations was 1,280,227,726.
Notably, LASF’s stock price closed the trading period on February 12, 2026, at a price of $1.58 with a corresponding P/E ratio of 12.35x.
Balance Sheet Highlights
The company’s assets totalled $4.51 billion (2024: $4.19 billion). The movement in total assets was mainly influenced by increases of $693.82 million in Loans and $181.54 million in Short-term Deposits, while Cash declined by $534.49 million.
Shareholder’s equity was $2.42 billion (2024: $2.26 billion), representing a book value per share of $1.89 (2024: $1.76).
LASF noted, “Hurricane Melissa negatively affected the economy and livelihoods in Jamaica’s Central and Western regions, and LFSL’s initial review shows some impact on its loan portfolio. The company is still assessing the full extent and is supporting customers to aid recovery and minimize earnings effects. Although several agent locations were temporarily closed after the storm, all have since reopened. Thanks to strong team resilience, operations returned to normal faster than expected. LFSL remains confident in its long‑term strategy, supported by a healthy balance sheet and continued progress toward its strategic objectives.”
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