Supreme Ventures Limited is back on the rebound from Hurricane Beryl-related disruptions, posting a J$500 million net profit after tax in the first quarter of 2025, up 40 per cent when compared to the same period in 2024.

At its 2025 annual general meeting (AGM) last Tuesday (June 24), at the AC Marriott Hotel in New Kingston, the group reflected on its financial performance over the past 12 months.

Resilient performance despite adversity

SVL reported gross ticket sales of J$107 billion in 2024, a J$54 million increase over 2023, signalling sustained demand for the company’s gaming products. This performance came despite Hurricane Beryl, which disrupted operations across the island’s southwestern region and impacted overall economic activity. Due to these disruptions, SVL recorded a 27.26 per cent decrease in net profit at year-end.

Nevertheless, the start of 2025 brought renewed momentum. Gross profit also rose by J$190 million, totalling J$3.1 billion, thanks to continued growth in gaming revenues.

Innovation and integration drive digital growth

Chairman Gary Peart outlined the company’s multi-pillar growth strategy, anchored by continuous innovation, global expansion, and enhancing shareholder value. SVL further cemented its leadership position in the gaming sector with the integration of all lottery, numbers, horse racing, and sports betting products into SV Games, a single, seamless digital platform delivering gaming at customers’ fingertips.

Significant strides were made through SV Fintech, the company’s technology and financial services arm in 2024. Last year saw the expansion of the Evolve suite of products:

• Evolve Bill Pay
• Evolve Money Transfer
• and Evolve Lend, offering microfinance loans.

The company also revealed plans to launch a WhatsApp Loan product via Evolve Loan Co., bringing convenience to the next level for everyday Jamaicans.

In addition to its operational achievements, SVL also announced a number of leadership appointments across the group’s subsidiaries, underscoring its ongoing focus on strengthening governance and execution capacity.

• Tanya Smith-Anderson was appointed senior vice president of people and corporate services at Supreme Ventures Limited.
  
• Danielle Douglas was named general manager of Post to Post Betting Limited.

• Krista-Gaye Fisher assumed the role of CEO at Supreme Ventures Services Limited.
  
• Stefan Miller was appointed CEO of Supreme Ventures Gaming Limited.

These appointments highlight SVL’s commitment to empowering a strong, agile leadership team to drive the Group’s continued innovation, operational efficiency, and regional expansion.

Investments in local, global markets pay off

SVL’s investments and product development at Caymanas Park continue to deliver impact with events like the prestigious Mouttet Mile Invitational and the creation of 95 new millionaires in 2024 alone, with payouts to punters totalling J$6.4 billion. Despite these successes, Caymanas Park remains unprofitable. SVL reiterated its position that full divestment of the Park to the company would enable a more robust modernisation plan and path to profitability.

On the international front, iBet SV Ghana crossed a major milestone by becoming profitable within just 18 months, a testament to SVL’s bold strategy and proprietary technology. Executives revealed that Ghana is on track to surpass Jamaica in profitability within two years if the trajectory holds, showcasing the potential of Jamaican talent and ingenuity on a global stage. 

Delivering strong value to shareholders

SVL remains one of the top-performing stocks on the Jamaica Stock Exchange (JSE) and has continuously delivered dependable returns to shareholders. In 2024, the company paid dividends of 68 cents per share, with a total payout of J$1.64 billion.

“We are very proud of how the business performed in 2024, and the first quarter of 2025 shows we are heading in the right direction,” said chairman Peart. “This team continues to rise to the challenge. Our infrastructure is stronger, our reach is growing, and our impact is deeper. We’re not just growing, we’re evolving,” Peart added.