Durrant Pate/ Contributor

Regional Jamaican-based gaming company Supreme Ventures Limited (SVL) has seen a small 4% growth in its first quarter, ended March 31, 2025 as total gaming income closed on J$13.83 billion, up from $13.25 billion in the corresponding period of 2024. 

Gross ticket sales amounted to $31.03 billion compared to $28.69 billion in 2024 on SVL’s core product line of lottery. At the same time, revenues from non-fixed odd wagering games, horse racing, and pin codes rose by 5%, reaching $8.45 billion in the first quarter of 2025, up from $8.05 billion in the previous year. 

SVL reports that this increase reflects steady consumer participation and engagement growth across these gaming categories. Additionally, income generated from fixed-odds wagering games, after accounting for prize payouts, inched up 3% to $5.37 billion in the review quarter, compared to $5.20 billion in 2024. 

Revenue across all main operating segments grew 

SVL experienced revenue growth across all of its main operating segments, whilst its payout ratios exceeded 70% on core lottery products. The management states, “This underlines our commitment to providing our customers with a positive gaming experience and life-changing returns on their investment.”

Direct expenses rose 4% to $10.67 billion, up from 10.29 billion in 2024, as gross profit for the review quarter went up 6% to $3.22 billion (2024: $3.04 billion). Selling, general and administrative expenses for the three-month period rose 32% to $2.22 billion, up from $1.68 billion a year ago. 

Operating profit for the quarter went down 33% to $952.94 million (2024: $1.43 billion). Also, finance costs for the quarter slid 2% to $220.23 million (2024: $225.84 million).

Profitability plunges 40%

Profit before taxation for the quarter went down 39% to $732.72 million (2024: $1.20 billion), while taxation also went down 35% to $217.10 million (2024: $334 million). As a result, shareholders’ profit plunged by 40% to $515.62 million, coming from $855.92 million a year ago. 

Consequently, earnings per share (EPS) for the review period amounted to $0.20 (2024: EPS: $0.32). The twelve-month trailing EPS was $0.55.

Notably, SVL’s stock price closed last week trading for $19.99 with a corresponding P/E ratio of 36.26x.

Totalled assets contracted to $20.78 billion (2024: $22.15 billion) with this decline mainly due to a reduction in cash and bank balances, which closed at $1.20 billion. Additionally, inventories fell to $183.87 million compared to $433.90 million in the prior year. 

Shareholders’ equity was $5.03 billion (2024: $5.12 billion), representing a book value per share of $1.91 (2024: $1.94).