August 29, 2025

Sygnus Credit Investments Limited (SCIJMD)

Audited financials for the year ended June 30, 2025:

Expressed in United States dollars (except where indicated otherwise)

Sygnus Credit Investments Limited (SCIJMD) for the year ended June 30, 2025, reported a 19% increase in Total interest income totaling $22.29 million compared to $18.76 million in the corresponding period last year. Total interest income for the fourth quarter had a 10% increase to close at $5.67 million compared to $5.16 million for the comparable quarter of 2024.

Interest expense amounted to $13.43 million (2024: $10.29 million), this represents an increase of 31% year over year. Consequently, net interest income increased by 5% to $8.87 million compared to $8.48 million for the year ended June 30, 2024. The company booked net interest income of $2.15 million for the fourth quarter versus $1.81 million reported for the similar quarter of 2024.

Fair value gains on investment increased by 147% to close at $4.34 million (2024: $1.75 million), while Net foreign exchange gains increased by 1999% from $30,299 in 2024 to $636,077 in the period under review. As a result, total revenue for the year ended June 30, 2025, amounted to $13.94 million, a 32% increase relative to $10.58 million reported in 2024. For the quarter, Total Revenue amounted to $1.58 million, a 36% decrease from $2.45 million reported in 2024.

Management fees for the year ended June 30, 2025, amounted to $3.39 million, a 18% increase relative to $2.88 million reported in 2024, while Impairment allowance on financial assets amounted to $3.44 million (2024: $369,708). As such, Total Expenses totalled $8.82 million a 70% increase from the corresponding period last year. (2024: $5.19 million).

Profit before tax for the period for the year ended June 30, 2025, amounted to $5.12 million, a 5% decrease relative to $5.39 million reported in 2024. Loss before tax for the period for the fourth quarter amounted to $2.19 million (2024: Pre-tax Profit of $881,979).

Tax charge for the year ended June 30, 2025, amounted to $841,966 (2024: Tax credit of $632,564). As such, Profit for the year, being total comprehensive income amounted to $4.28 million, a 29% decrease from the $6.03 million reported in 2024. For the fourth quarter, net loss was $2.69 million (2024: Net profit of $1.68 million).

Consequently, Earnings Per Share for the year amounted to $0.01 (2024: EPS: $0.02), while Loss Per Share for the quarter totaled $0.009 (2024: EPS: $0.004). The twelve-month trailing EPS was $0.01 or (J$2.03), and the number of shares used in these calculations was 337,964,858.

Notably, SCIJMD’s stock price closed the trading period on August 29, 2025, at a price of $13.05 with a corresponding P/E ratio of 6.41x.

Balance Sheet Highlights

The company’s assets totalled $221.65 million (2024: $198.54 million). The growth in total assets was primarily driven by a $21.72 million or 12% increase in Investments from $188.05 million in 2024 to $209.77 million in the period under review. Also, Interest receivables grew by $1.96 million or 41% to close the period at $6.71 million.

Shareholder’s equity was $73.17 million (2024: $72.10 million), representing a book value per share of $0.22 (2024: $0.21).

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