Sygnus Credit Investments Limited updated shareholders on a year of continued expansion across its Caribbean private credit platform at its Annual General Meeting on January 28, 2026. 

The Company highlighted progress in strengthening its capital base, maintaining consistent dividend distributions and advancing strategic initiatives to support sustainable growth across both English- and Spanish-speaking Caribbean markets.

Performance during the year reflected sustained growth across the Group’s regional portfolio, led by its majority-owned Puerto Rican business, Acrecent Financial LLC (AFL). Net investment income exceeded US$10.0 million, while net profit amounted to US$4.28 million, generating a 5.9% return on average equity. The result was impacted by higher impairment allowances and unrealised fair value losses, consistent with the Company’s conservative and forward-looking approach to portfolio risk management amid an evolving economic environment.

“Over the past year, we have remained focused on building a private credit platform that is not only resilient and well-capitalised, but also scalable across the Caribbean,” said Jason Morris, Executive Vice President and Chief Investment Officer. “Our approach has been deliberate, balancing growth with disciplined risk management, strengthening our capital base, and delivering consistent returns to shareholders. Looking ahead, we are excited about expanding partnerships, launching new innovative financing solutions, and unlocking opportunities that will allow us to continue supporting economic growth across the region while achieving our medium-term objectives.”

Disciplined growth continues to be underpinned by robust risk management. Since inception, SCI has deployed an estimated US$356.0 million in capital, recording an annualised loss rate of 0.2% and an expected credit loss ratio of 2.0% for the year ended June 30, 2025. In June 2025, credit rating agency CariCRIS maintained SCI’s jmBBB+ (local currency) and CariBBB- (regional scale) corporate credit ratings, while upgrading the outlook from Stable to Positive.

Within this framework, SCI reported continued operating momentum during the year, with total investment income exceeding US$15 million, driven largely by the performance of AFL. Jamaica remains a core market for the Group, accounting for approximately 24.2% of its combined private credit platform allocation.

During the year, SCI reinforced its commitment to shareholder returns, distributing US$3.2 million in dividends. Since becoming a publicly listed company in 2018, the Group has returned a cumulative US$17.7 million, or 29.1% of share capital, to shareholders, including an interim dividend of US$1.0 million declared in September 2025 and paid in October 2025.

SCI also strengthened its capital base through the successful public offering and listing of approximately US$33.0 million in cumulative perpetual preference shares on the Jamaica Stock Exchange in January 2025. The transaction, the largest of its kind on the JSE, reflected strong investor confidence in the Company’s long-term strategy and enhances SCI’s flexibility to pursue opportunities across different economic cycles.

Looking ahead, SCI reaffirmed its focus on expanding partnerships with international financiers, institutional investors and multilateral partners, while advancing innovative financing solutions across the region. These initiatives support the Company’s longer-term objectives of scaling its private credit portfolio toward US$500.0 million and achieving US$1.0 billion in cumulative private credit transactions, while targeting a minimum 10.0% average return on equity and a dividend yield of at least 5.0% over the medium term.