May 13, 2026
Jamaica Stock Exchange Limited (JSE)
Unaudited financials for the first quarter ended March 31, 2026:
Jamaica Stock Exchange Limited (JSE) for the first quarter ended March 31, 2026, reported a 17% decline in turnover totaling $710.67 million compared to $861.10 million in the corresponding three months last year.
Fee Income amounted to $546.34 million (2025: $531.28 million), representing a 3% annual increase. Conversely, Cess decreased by 67% to $84.91 million compared to $255.54 million for the first quarter ended March 31, 2025. The prior year Cess was driven by heightened market activity in the first quarter due to restructuring of some listed companies during that period.
Staff costs decreased by 2% to close at $247.43 million (2025: $251.64 million), while Property expenses increased by 7% from $90.71 million in 2025 to $96.72 million for the three months. Also, Other Operating Expenses for the first quarter amounted to $37.91 million, a 30% increase compared to $29.21 million reported in 2025.
Total Expenses for the three months amounted to $519.70 million, a 6% decrease relative to $554.18 million reported in 2025.
Total Investment Income totaled $9.34 million, a 42% decrease from last year’s period (2025: $16.13 million).
Profit before Taxation for the first quarter ended March 31, 2026, amounted to $200.31 million, a 38% decrease relative to $323.05 million reported in 2025.
Taxation for the three months decreased 24% to $65.81 million (2025: $86.80 million). As such, Net Profit for the three months amounted to $134.50 million, a 43% decrease from the $236.26 million reported in 2025.
Consequently, Earnings Per Share for the three months amounted to $0.19 (2025: EPS of $0.34). The twelve-month trailing EPS was $0.48, and the number of shares used in these calculations was 701,250,000.
Notably, JSE’s stock price closed the trading period on May 12, 2026, at a price of $12.00 with a corresponding P/E ratio of 24.87x.
Balance Sheet Highlights
The company’s assets totaled $4.17 billion (2025: $4.05 billion). The company’s asset base growth was driven primarily by a 40% year-over-year (YoY) increase in Government Securities Purchased Under Resale Agreements, reaching $993.35 million for the quarter, up from $708.94 million in 2025. Additionally, Property, Plant, and Equipment (PP&E) recorded a 9% YoY increase, totaling $1.55 billion, compared to $1.42 billion in the prior year. Conversely, Trade and Other Receivables declined by 25% YoY to $597.20 million (2025: $796.49 million), while Cash and Cash Equivalents contracted by 25% YoY to $202.70 million (2025: $271.84 million). Intangible assets declined by 12% YoY, ending the quarter at $248.75 million, down from $282.74 million in 2025.
Shareholder’s equity was $3.19 billion (2025: $3.10 billion), representing a book value per share of $4.55 (2025: $4.42).
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