March 3, 2026
Pan Jamaica Group Limited (PJAM)
Audited financials for the year ended December 31, 2025:
Pan Jamaica Group Limited (PJAM) for the year ended December 31, 2025, reported a 13% increase in Gross operating revenue totalling $45.29 billion compared to $39.97 billion in the corresponding period last year. Gross operating revenue for the fourth quarter had a 12% increase to close at $12.08 billion compared to $10.78 billion for the comparable quarter of 2024.
Cost of operating revenue amounted to $32.05 billion (2024: $28.24 billion), this represents a increase of 13% year over year. Consequently, gross profit increased by 13% to $13.25 billion compared to $11.74 billion for the year ended December 31, 2024. The company booked gross profit of $2.99 billion for the fourth quarter versus $3.28 billion reported for the similar quarter of 2024.
Other income decreased by 23% to close at $951.67 million (2024: $1.23 billion).
Net Investment income decreased by 25% from $744.57 million in 2024 to $558.31 million in the period under review.
Selling, administration and other operating expenses for the year ended December 31, 2025, amounted to $9.63 billion, an 8% increase relative to $8.88 billion reported in 2024.
Share of profits in associates and joint ventures for the year ended December 31, 2025, amounted to $5.63 billion, a 76% increase relative to $3.20 billion reported in 2024.
Profit before finance cost and taxation totalled $10.58 billion, a 28% increase from the corresponding period last year. (2024: $8.29 billion).
Finance costs totalled $1.68 billion a 2% increase from the corresponding period last year (2024: $1.65 billion).
Profit before taxation for the first year ended December 31, 2025, amounted to $8.90 billion, a 34% increase relative to $6.64 billion reported in 2024.
Following the 45% increase in Taxation for the year to $809.00 million(2024: $559.69 million), Net profit amounted to $8.09 billion from the $6.08 billion reported in 2024.
Net profit attributable to shareholders for the year ended December 31, 2025, amounted to $6.28 billion, a 37% increase relative to $4.58 billion reported in 2024. For the fourth quarter, Net profit attributable to shareholders was $871.87 million (2024: $1.98 billion).
Earnings per share for the year amounted to $3.86 (2024: EPS: $2.81), while Earnings per share for the quarter totalled $0.54 (2024: $1.22). The twelve-month trailing EPS was $3.86, and the number of shares used in these calculations was 1,627,725,023.
Notably, PJAM’s stock price closed the trading period on March 02, 2026, at a price of $49.80 with a corresponding P/E ratio of 12.91x.
Balance Sheet Highlights:
The company’s assets totalled $153.24 billion (2024: $143.65 billion). The growth in total assets led by a $4.7 billion or 13% increase in Investment in Associates to $40.73 billion. Notably, PPE and Cash increased during the period by $1.53 billion and $1.41 billion, respectively.
Shareholder’s equity was $85.85 billion (2024: $78.94 billion), representing a book value per share of $52.74 (2024: $48.50).
Disclaimer:
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