JMMB Group Limited posted a net profit of J$4.36 billion for the quarter ended December 31, 2025. 

This result reflects the disciplined execution of the Group’s Managed Smart Growth strategy and was further supported by improved contributions across key revenue lines. 

Net operating revenue increased by 23% to J$22.39 billion, driven by strong net interest income, enhanced trading performance and growing non‑interest revenue streams. 

Over the nine months, the Group delivered stronger core performance, with net interest income increasing by 38% to J$11.19 billion, supported by improved margins and a more efficient funding mix. 

Fixed‑income trading gains rose to J$5.06 billion, reflecting opportunities in Jamaica and the Dominican Republic, while fees and commission income increased to J$4.21 billion as clients continued to demonstrate confidence in the Group’s off‑balance sheet solutions. Assets under management grew to J$246.90 billion, and operating expenses remained well contained, rising by 6% to J$18.89 billion in line with disciplined cost management and strategic investment. 

Earnings per stock unit (EPS) were J$2.11, reflecting the Group’s improved earnings profile and resilience. Additionally, the Group’s strategic investment in Sagicor Financial Company (SFC) contributed an estimated J$2.4 billion, net of financing costs, year‑to‑date, underscoring the strength of the associate and the value of portfolio diversification. 

The Group’s business lines also continued to demonstrate strong momentum during the nine months. The Banking & Related Services business line delivered J$14.5 billion in operating revenue, representing 18% growth year‑over‑year, supported by increased digital banking usage, strong loan and deposit book performance, and improved sales productivity.

Meanwhile, the Financial & Related Services business line contributed J$7.8 billion, reflecting a 45% increase over the prior year, driven by improved spread management, a rebound in trading activity, and the team’s ability to capitalise on market opportunities across key territories. This continued growth across both segments underscores the effectiveness of the Group’s diversified business model and its ability to respond with agility in dynamic market conditions.

In terms of country contributions, Jamaica remained the largest contributor, accounting for 54% of gross operating revenue, with the Dominican Republic, Trinidad & Tobago and Barbados contributing 21%, 16% and 9%, respectively, highlighting the continued strength of the Group’s diversified regional model. Jamaica’s turnaround has been notable, with operating profit improving year‑over‑year to J$1.8 billion, supported by the ongoing Maximising Profitability and Productivity programme and a resilient operating posture following Hurricane Melissa. 

Commenting on the Group’s performance, Patrick Ellis, JMMB Group Chief Financial Officer, stated, “Our third‑quarter performance reflects the resilience of our core business and the deliberate execution of our Managed Smart Growth strategy. We continued to deliver meaningful revenue growth, maintain strong margins and manage costs effectively, supported by prudent risk management. As market conditions evolve, we remain focused on optimising returns, strengthening our balance sheet and supporting the financial needs of our clients across all territories.” 

Keith Duncan, Group Chief Executive Officer, added, “I am extremely proud of the dedication shown by our team across the region, whose hard work contributed to another solid quarter. To our shareholders, thank you for your continued confidence, and to our clients, we remain grateful that you choose JMMB as your financial partner. With our strong capital position, improving earnings momentum and disciplined strategic execution, we are optimistic about the future and committed to delivering sustainable long‑term value.” 

Looking Ahead

As the Group continues to support communities recovering from Hurricane Melissa, JMMB remains focused on ensuring stability and protection for affected clients. The activation of its business‑continuity and stress‑testing frameworks has enabled timely portfolio assessments, moratoria and ongoing liquidity support. Through the JMMB Joan Duncan Foundation, the Group has also advanced its long‑term recovery efforts, including the Community Restart Project, which is helping rebuild the communities of Maryland, Hanover and Cottage Road, St. James. Additional regional support from JMMB Trinidad & Tobago, which raised over TT$540,000 (approximately J$12 million) through its “One Love” initiative, underscores the Group’s continued commitment to resilience and meaningful community impact. 

Looking ahead to the final quarter, the JMMB Group remains committed to reinforcing its core capabilities, with continued emphasis on exceptional client experience, enhanced operational efficiency and productivity and the strengthening of its earnings profile. Despite global uncertainty and elevated macroeconomic risks, the Group remains confident in its ability to navigate the environment with resilience, maintain strong capital and liquidity buffers across all regulated entities and continue delivering sustainable, long‑term value for all stakeholders.