November 19, 2025
Sygnus Credit Investments Limited (SCIJMD)
Unaudited financials for the first quarter ended September 30, 2025:
Expressed in United States dollars (except where indicated otherwise)
Sygnus Credit Investments Limited (SCIJMD) for the first quarter ended September 30, 2025, reported a 22% increase in total interest income totalling $6.55 million compared to $5.35 million in the corresponding three months last year.
Interest expense amounted to $3.37 million (2024: $3.04 million), this represents an increase of 11% year over year. Consequently, net interest income increased by 38% to $3.18 million compared to $2.31 million for the first quarter ended September 30, 2024.
Fair value gains on investment decreased by 61% to close at $1.48 million (2024: $3.78 million), while net foreign exchange gains decreased by 59% from $299,135 in 2024 to $122,071 for the three months. As a result, Total Revenue for the first quarter amounted to $4.87 million, a 24% decrease relative to $6.40 million reported in 2024.
Total Expenses totalled $1.74 million a 33% increase from the corresponding period last year. (2024: $1.31 million). This included:
- Impairment allowance on financial assets for the three months amounted to $497,716, an 854% increase relative to $52,167 reported in 2024.
- Management fees increased by 8% to $864,055, relative to $803,673 in 2024.
- Other expenses amounted to $408,168, up 46% from $279,975 in 2024.
- Performance fees declined by 364% from $57,994 in 2024 to $408,168 in 2025.
Profit before tax for the period for the first quarter ended September 30, 2025, amounted to $3.14 million, a 38% decrease relative to $5.09 million reported in 2024.
Tax credit for the three months amounted $41,413 (2024: Tax charge of $166,973). As such, Profit for the year, being total comprehensive income for the three months amounted to $3.18 million, a 35% decrease from the $4.92 million reported in 2024.
Consequently, Earnings Per Share for the three months amounted to $0.01 (2024: EPS: $0.01). The twelve-month trailing EPS was $1.21, and the number of shares used in these calculations was 337,964,858.
Notably, SCIJMD’s stock price closed the trading period on November 19, 2025, at a price of $12.25 with a corresponding P/E ratio of 10.16x.
Balance Sheet Highlights
The company’s assets totalled $217.31 million (2024: $203.36 million). The growth in total assets was primarily due to increases to the following during the period: Cash (+$7.68 million), Receivables (+$3.05 million) and Investments (+$3.01 million).
Shareholder’s equity was $75.35 million (2024: $77.02 million), representing a book value per share of $0.22 (2024: $0.23).
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