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However company exhibited strong resilience in post Melissa period

Durrant Pate/Contributor

Gaming company, Supreme  Ventures Limited (SVL) took a $100 million hit in net profit from an estimated $1.6 billion reduction in gross ticket sales over the just ended March 2026 quarter.

This was as a result of operational disruptions arising from Hurricane Mellissa. Notwithstanding the native impact, SVL delivered a strong financial performance, recording net profit of $700.62 million,  an increase of 35.88% over the corresponding period in 2025. 

This performance underscores the resilience of SVL’s business model.

Within the lottery segment, terminal recovery has reached 98%; however, the broader economic effects of the hurricane continue to curtail anticipated growth, reflecting in lower sales per terminal. In the subsidiary company, Supreme Routes Limited, approximately 22% of machines remain offline, mainly located in severely affected parishes.

In response, management has implemented targeted measures to mitigate the impact, including the deployment of additional terminals to operational parishes. As at March 31, 2026, 37 locations in affected areas continue to operate using generators and Starlink connectivity, deployed by SVL as part of its recovery efforts.

On track to return to full operational capacity

Despite the decline in ticket sales, gaming income increased by 4.61%, contributing to an improvement in gross profit to $3.30 billion, up from $3.16 billion in 2025. Executive Chairman, Gary Peart is reporting that recovery initiatives are well advanced, advising that SVL remains on track to return to full operational capacity by the end of the second quarter of 2026. 

SVL continues to play a significant role in national development, contributing over $2.25 billion to government revenues through taxes, good causes, and other fees during the quarter. At the same time, the Jamaican-based regional gaming company remains committed to delivering value to shareholders with earnings per share of 26 .67 cents for the first quarter of 2026 and dividends totaling $77.28 million declared and paid during the period. 

Gaming income closed on $14.46 billion for the review quarter, an increase of $636.93 million over 2025. Net games prizes increased by $363.01 million and income from non-fixed-odds wagering games jumped by $273 .92 million, supported by 8.31% rise in pin code sales. 

Other income included a net gain of $32.70 million on shares held for trading while selling, general and administrative expenses of $2.31 billion increased by $89.46 million or 4.03 %, broadly in line with inflationary pressures.

Segment results

The operating segments delivered results of $989.09 million for Q1 2026, an increase of 5.75% relative to the corresponding period in 2025 with growth recorded across all segment. Total revenues from lottery, sports betting, and pin codes grew by 2.45%, 4.35%, and 8.31%, respectively. 

The first quarter financials show sports betting continuing to be a key growth segment with income from fixed -odds wagering games increasing by 43.64 % or $202.71 million over 2025. This performance was supported by several promotions and customer engagement initiatives during the quarter, including the Gold Rush promotion, which offered three lucky customers the chance to win a trip to New York for a VIP Football Experience. 

A similar promotion was introduced in Guyana through the iBet Supreme Goal Rush, where one customer will win a trip for two to New York for the same exclusive and premium experience. This reflects SVL’s commitment to delivering a positive gaming experience and meaningful returns for customers. SVL ended the quarter with cash and cash equivalents of $1.77 billion, up from $1.43 billion in December 2025, supported by positive operating cash flows of $631.87 million generated.

Peart reports that SVL remained compliant with all financial covenants during the quarter and continues to demonstrate creativity in engaging customers and delivering memorable experiences across its markets.

SVL also expanded its investment in sports betting entertainment with the launch of JustBet TV, a weekly digital series providing sports analysis, betting insights, and match previews, further deepening customer engagement through interactive content.