Regional financial conglomerate JMMB Group has reported a net profit of J$3.74 billion and earnings per share of J$1.80 for the business year ended March 31, reflecting the group’s resilience and strategic agility in navigating a challenging global economic environment.

Despite market headwinds, JMMB Group delivered strong core revenue growth, with total operating revenue increasing six per cent to J$25.22 billion, up from J$23.88 billion in the prior year.

Net interest income rose to J$11.31 billion, compared to J$10.75 billion in 2024, supported by a more efficient funding mix and continued growth in the group’s loan portfolio. Total assets grew to J$705.46 billion, a four per cent increase year-over-year, while customer deposits climbed to J$226.32 billion, reflecting a 13 per cent rise and continued client confidence in the group’s offerings.

JMMB Group’s loan and notes receivable portfolio expanded by nine per cent to J$217.24 billion, up from J$198.94 billion in the prior year, underscoring the strength of its banking operations. Shareholders’ equity also saw modest growth, increasing to J$55.64 billion from J$54.67 billion. Off-balance sheet funds under management rose to J$214.43 billion, up from J$205.94 billion.

Strategic investments and regional growth

JMMB’s strategic investment in Sagicor Financial Company (SFC) continued to deliver value, contributing J$2.84 billion in share of profit for the year. Regionally, the group maintained strong performance across its core markets in Jamaica, Trinidad and Tobago, and the Dominican Republic, with growth in banking and investment services playing a key role in sustaining revenue momentum.

In commenting on the group’s financial performance, Patrick Ellis, JMMB Group chief financial officer, noted, “This year’s performance reflects the strength of our diversified business model and our disciplined approach to risk and cost management. Despite the impact of higher credit impairment charges and market volatility, we delivered solid core revenue growth and continued to build a strong foundation for future performance.”

Expressing his satisfaction and continued optimism, JMMB Group CEO Keith Duncan indicated that, “We are proud of the resilience and commitment demonstrated by our team across the region”.

“I want to thank our shareholders for their continued confidence, and our clients for choosing JMMB as their trusted financial partner. These results reflect our unwavering focus on delivering long-term value, even in the face of economic headwinds. As we look ahead, we remain optimistic about the future and committed to leveraging innovation, digital transformation, and strategic partnerships to drive sustainable growth,” added Duncan.