Castries, St Lucia—Sygnus Credit Investments Limited (‘SCI’ or ‘the Group’) reported financial results for the six months ended December 31, 2025, marked by accelerated portfolio deployment, balance sheet resilience following Hurricane Melissa in October, and strong contribution from its Puerto Rico operations, despite temporary earnings pressure during the period.

Total assets increased by 4.7% to US$228.13 million, supported by a highly diversified portfolio spanning 131 investments throughout 18 industries and 8 territories across the combined private credit platform. This translated into record net interest income growth of 14.0% to US$4.70 million for the period. SCI received its first-ever dividend of US$1.12 million from its core Puerto Rico business, Acrecent Financial Limited (AFL), during the December 2025 quarter.

SCI reported a lower total investment income of US$8.05 million, net investment income of US$5.30 million, and net profits of US$2.65 million for the 6 months ended December 2025, despite the record performance of its Puerto Rico operations.  Earnings per share were 0.46 US cents, down from 0.88 US cents in the corresponding period last year. The results reflect timing differences in capital deployment, which are expected to normalise in the short term, and some “offsetting” against the Puerto Rico Credit Fund (PRCF) investment income related to the US$1.12 million dividend payment. 

AFL delivered record total investment income and net profit for the quarter and the 6 months ended December 2025. Total investment income grew 39.9% to US$5.83 million for 6 months 2025 versus US$4.17 million for 6 months 2024, and increased 62.5% to US$3.31 million for Q2 Dec 2025, versus US$1.48 million for Q2 Dec 2024. Net profits increased to US$3.30 million for 6 months 2025, versus US$3.07 million for 6 months 2024, and US$1.82 million for Q2 2025 versus US$1.48 million for Q2 2024.

SCI approached the capital markets, raising more than US$19.00 million in capital from its banking partners, retiring J$1.2 billion (or US$7.50 million equivalent) of debt, and extending its publicly listed Class C and D cumulative redeemable preference shares in December 2025. The Group also expects an initial drawdown of its first international financing facility in the coming months.

Jason Morris, Co-Founder, Executive Vice President and Chief Investment Officer, Sygnus Capital, said, “This period reflects disciplined execution across our private credit platform. The acquisition of AFL continues to generate tangible results, evidenced by the first-ever dividend paid to SCI, which is expected to recur on a semi-annual basis. At the same time, the Jamaican business is prudently navigating within a more challenging economic environment following the impact of Hurricane Melissa.

“However, SCI remains well-positioned to support entrepreneurs and affected communities by providing flexible capital amidst the growing demand. This sentiment is reinforced by the continued support of our local and international banking partners, who remain committed to the Group’s business model. We are confident that our disciplined approach to investment and active portfolio management will continue to deliver sustainable, long-term value to our shareholders.”

SCI maintains strong credit ratings from the region’s premier credit rating agency, CariCRIS, with ratings of CariBBB- and jmBBB+ (positive outlook). The Group has demonstrated prudent stewardship of capital, reflected in a relatively low annualised realised loss rate of 0.2% on its capital deployed. In December 2025, SCI received a significant partial repayment on its sole non-performing Stage 3 asset and expects to achieve full recovery of its original investment during 2026.

For full details on the financial statements for the period ended 31 December 2025, including the Management Discussion and Analysis and recorded earnings call presentation, please visit sygnusgroup.com or jamstockex.com.