August 18, 2025
Sagicor Select Funds Limited(SELECTF)
Unaudited financials for the six months ended June 30, 2025:
Sagicor Select Funds Limited (SELECTF) for the six months ended June 30, 2025, reported Dividend income amounted to $50.99 million (2024: $49.97 million), which represents an increase of 2% year over year. Interest income increased by 227% to $1.62 million compared to $495,000 for the six months ending June 30, 2024. The company booked interest income of $956,000 for the second quarter, compared to $ 217,000 reported for the same quarter of 2024. As a result, total revenue for the six months ended June 30, 2025, amounted to a loss of $108.92 million, a 1% decrease relative to a loss of $107.93 million reported in 2024.
Total revenue for the second quarter amounted to a loss of $80.55 million (2024: loss of $116.51 million).
Total Expenses for the six months ended June 30, 2025, amounted to $12.45 million, a 13% decrease relative to $14.25 million reported in 2024, driven mainly by expenses relating to Professional, Legal, Administrative, and Audit fees. Total Expenses for the second quarter amounted to $6.94 million (2024: $8.79 million).
Net loss for the six months amounted to $121.37 million, a 1% decrease from the loss of $122.18 million reported in 2024. For the second quarter, Net loss was $87.49 million (2024: loss of $125.30 million). “SELECTF’s marginal six-month net profit decline was mainly driven by weak dividend income growth, which failed to offset continued unrealised losses in its investment portfolio. While interest income and foreign exchange gains rose sharply, their small contribution relative to dividends limited their effect on overall performance. “
Consequently, Loss Per Share for the six months amounted to $0.02 (2024: LPS: $0.02), while Loss Per Share for the quarter totaled $0.02 (2024: LPS: $0.02). The twelve-month trailing LPS was $0.002, and the number of shares used in these calculations was 5,100,000,000.
Notably, SELECTF’s stock price closed the trading period on August 18, 2025, at a price of $0.43.
Balance Sheet Highlights
The company’s assets remained stable at $2.905 billion (2024: $2.911 billion).
Shareholders’ equity, at $2.88 billion (2024: $2.89 billion), remained robust, representing a book value per share of $0.57 (2024: $0.57).
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