July 16, 2026
QWI Investments Limited (QWI)
Unaudited financials for the nine months ended June 30, 2026:
QWI Investments Limited (QWI) for the nine months ended June 30, 2026, reported a 12% decrease in Dividend and Interest Income totaling $20.47 million compared to $23.26 million in the corresponding period last year. Dividend and Interest Income for the third quarter had a 26% decrease to close at $7.70 million compared to $10.34 million for the comparable quarter of 2025.
Unrealized currency losses amounted to $14.91 million (2025: Gains of $19.91 million), this represents a decrease of 175% year over year. Also, gains from investment activities amounted to $151.08 million compared to losses of $98.94 million for the nine months ended June 30, 2025. The company booked gains from investment activities of $218.48 million for the third quarter versus $52.51 million reported for the similar quarter of 2025.
Consequently, total income closed at $156.63 million (2025: Losses of $55.77 million). For the quarter, total income increased by 201% to $222.00 million relative to $73.85 million in 2025.
Administrative expenses decreased by 5% from $58.62 million in 2025 to $55.89 million in the period under review, while Interest expense for the nine months ended June 30, 2026, amounted to $26.87 million, a 9% increase relative to $24.66 million reported in 2025.
As a result, profit before Taxation for the nine months ended June 30, 2026, amounted to $73.88 million, a 153% turnaround relative to pre-tax losses of $139.05 million reported in 2025. Profit before Taxation for the third quarter amounted to $193.03 million (2025: $48.24 million).
Taxation for the nine months ended June 30, 2026, amounted to $21.79 million (2025: Tax credit of $40.96 million). As such, Net Profit for the nine months amounted to $52.09 million, a 153% increase from the $98.09 million net loss reported in 2025. For the third quarter, Net Profit was $143.83 million (2025: $39.55 million).
QWI highlighted, “This strong performance erased earlier half-year losses and brought year-to-date profit to $52 million. The improved results were driven by Gains in overseas portfolios, particularly in technology-related holdings and a reversal of unrealized losses in the local portfolio. The quarter was marked by muted activity in the Jamaica”
Consequently, Earnings Per Share for the nine months amounted to $0.04 (2025: LPS: $0.07), while Earnings Per Share for the quarter totaled $0.11 (2025: EPS: $0.03). The twelve-month trailing EPS was $0.10, and the number of shares used in these calculations was 1,365,000,015.
Notably, QWI’s stock price closed the trading period on July 15, 2026, at a price of $0.69 with a corresponding P/E ratio of 6.74x.
Balance Sheet Highlights
The company’s assets totalled $2.26 billion (2025: $1.99 billion). The growth in total assets was primarily driven by a $278.69 million or 36% increase in Oversea Investments.
Shareholder’s equity was $1.82 billion (2025: $1.68 billion), representing a book value per share of $1.33 (2025: $1.23).
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