Sygnus Credit Investments Limited (SCI) has announced its financial results for the year ended June 30, 2025, marking a transformative year of growth and regional expansion. 

SCI’s record total investment income exceeded US$15.39 million, up 52.4% from US$10.10 million in 2024, while net investment income surged by nearly 90% to record US$10.02 million. These achievements were fueled by Sygnus Puerto Rico LLC, which delivered US$4.67 million in profits, highlighting the significant role of the Puerto Rico operations in SCI’s overall performance.

During the financial year, SCI deployed US$87.7 million across its regional private credit platform, supporting businesses in diverse industries including infrastructure, energy, hospitality, telecommunications, and financial services. The Group also exited US$21.9 million in investments during the year and an additional US$20 million subsequent to year-end, providing liquidity to redeploy into new opportunities. Total private credit investments grew to US$209.8 million, with SCI’s portfolio companies spread across 22 industries and 8 territories, demonstrating its critical role in financing regional economic growth.

While net profit attributable to shareholders was US$4.28 million, compared to US$6.03 million in 2024, the results were impacted by charge-offs to two portfolio companies, whereby SCI recouped all of its original investment in one of the portfolio companies and seized the assets of the other, which offset a portion of the charge-off. Additionally, SCI recognised higher impairment allowance on an asset in the portfolio undergoing restructuring, as well as higher unrealised fair value adjustments during the period. Despite this, SCI’s core earnings remained robust, with net investment income per share rising to 1.73 US cents versus 0.90 US cents in the prior year. The company continued to reward shareholders for a 14th consecutive time, paying US$3.2 million in dividends for the year, bringing cumulative dividends distributed since 2018 to US$16.7 million, equivalent to 27.4% of share capital.

Commenting on the results, Jason Morris, Chief Investment Officer at Sygnus, said, “Crossing the US$15 million milestone in investment income is a monumental achievement that reflects SCI’s evolution as a regional leader in private credit. The outstanding performance of our Puerto Rico business, coupled with strong growth in net investment income, validates our strategy of building a diversified platform that can withstand headwinds while unlocking opportunities for Caribbean businesses. Even with higher impairment allowances, which are not crystallised losses and could be reversed, affecting bottom-line earnings, our ability to scale investment deployment, deliver consistent dividends, and expand into new markets underscores the resilience and sustainability of SCI’s business model.”

Looking ahead, SCI is advancing plans to participate in a dedicated asset-backed investment company in an English-speaking Caribbean territory, alongside an international financial partner, further enhancing its role as an innovator in regional private credit. The firm is also pursuing access to more than US$100 million in new financing, positioning itself to accelerate deployment across the region. In addition, SCI is preparing to close an upcoming US$10 million of dedicated financing from an international financing partner, further strengthening its capital base and flexibility to unlock new opportunities.