Jeffrey Hall Vice Chairman & Chief Executive Officer Pan Jamaica Group Limited Has Released The Following Audited Group Results For Year Ended 31 December 2025
Pan Jamaica Group Limited (“PJG” or the “Group”) delivered a strong 2025 performance. The Group recorded consolidated net profits of $8.1 billion for the year ended 31 December 2025, an increase of 33% when compared to the same period in the prior year. Full-year net profit attributable to shareholders was $6.3 billion, an 37% increase on the 2024 result. The Group’s results were generated from revenues of $45 billion, an increase of 13% over the previous year.
The Group – a multinational conglomerate – hold strategic business interests in four diverse operating segments: Property and Infrastructure, Financial Services, Specialty Foods, and Global Services (principally logistics operations).
Property & Infrastructure
The Property & Infrastructure Division (the “P&I Division”) includes Jamaica’s leading commercial real estate portfolio, with interests in business hotels, retail centres and corporate offices.
In addition to Pan Jamaica Property Company Limited, which handles commercial and retail property rentals and management, the P&I Division includes the ROK Hotel Kingston (Tapestry Collection by Hilton) and associate company interests in Caribe Hospitality (Courtyard by Marriott Kingston), Williams Offices (holder of the regional franchise for Regus), and Capital Infrastructure Group, which is engaged in the development of regional infrastructure projects.
The P&I Division generated profit before finance cost and taxation of $1.7 billion for the year ended 31 December 2025, an increase of 21% relative to 2024 (after normalising for the one-off gain on the sale of a non-core undeveloped land asset during the prior year). Earnings growth was driven by increased occupancies and annual rate adjustments across the commercial property business and business hotel portfolio. Revenues increased 12% over the prior year, to $4.8 billion.
Specialty Foods
The Specialty Foods Division (the “SF Division”) comprises our portfolio of businesses that are engaged in food production and includes modern manufacturing sites in Europe and the Caribbean, a distribution centre in the United States and agri-business operations in Jamaica. Our range of specialty food and drink products includes fresh juices in Europe (“The Juicy Group”) and tropical snacks, fresh fruit, and Caribbean spirit-based baked goods in the Caribbean (the “Caribbean Food Group”).
The Juicy Group, which comprises our juice production facilities in the Netherlands, Spain, Belgium and Denmark is the largest contributor to the revenues and profits of the SF Division. This business is a market leader in fresh juice in Northern Europe, and through its subsidiaries, produces fresh juice for major supermarkets and food service entities across Europe including Netherlands, Belgium, Scandinavia, France, Spain, and Germany.
The Caribbean Food Group, the smaller part of the SF Division, is comprised of our banana and pineapple farming group and our food production and distribution entities in the Americas. The range of products includes fresh fruit, tropical snacks, and Caribbean spirit-based baked goods. SF Division is the largest contributor to the revenues of the Group.
The SF Division earned revenues for the year of $25.2 billion, a 10% increase relative to prior year. The SF Division generated a profit before finance cost and taxation of $356 million, a decrease of 36% on the same period last year. The decrease in the earnings of the division is primarily driven by the impact of Hurricane Melissa on our JP Farms operation. The category 5 hurricane caused significant damage to our banana farm generating an impairment of agricultural assets, the suspension of banana sales, and the incurrence of expenses to rehabilitate the farm and to cover fixed overheads. We are satisfied with the pace and quality of recovery programs and expect to resume full production in 2026.
On October 31, 2025, The Juicy Group acquired a 64% interest in Frankly Juice, a leading Nordic brand and juice manufacturer known for its organic, cold-pressed juices. This acquisition significantly strengthens The Juicy Group’s presence in the strategically valuable Scandinavian market and supports its mission to offer premium, convenient, and healthy juices across Europe. This brings the Group’s total juice production sites in Europe to four.
Global Services
The Global Services Division (the “GS Division”) is a diversified, multinational logistics group. The GS Division includes our interests in port terminal operations, warehousing, and third-party logistics services (Kingston Wharves), freight consolidation and freight forwarding from the UK and the USA (JP Logistics Solutions) and shipping line services to and from Europe, the Caribbean and South America (Geest Line). The Group’s logistics services all have a Caribbean connection but collectively serve a wide range of global markets.
The GS Division earned consolidated profit before finance cost and taxation for the year of $5.0 billion, an increase of 27% when compared to the prior year. The division generated revenues for the year of $15.4 billion an increase of 19% compared to the previous year. The improved result reflects increased volumes on our Geest Line shipping service and improved domestic and transshipment volumes in our stevedoring operations at Kingston Wharves.
Financial Services
The principal holding of the Financial Services Division (the “FS Division”), is a 30.2% interest in Sagicor Group Jamaica Limited (“Sagicor”). Sagicor is the leading life and health insurer, and pension fund manager in Jamaica and has operations in Jamaica, the Cayman Islands, Panama and Costa Rica. Sagicor also operates the largest local unit trust and has operations in investment banking, commercial banking, general insurance, and remittances. The FS Division also includes an associate company interest in Term Finance (Jamaica) Limited.
The FS Division reported a profit before finance cost and taxation of $4.9 billion for the year, reflecting a 77% increase when compared to the prior year. Increasing insurance revenues, expanding net interest income in the commercial bank, and improved trading income in the investment bank all meaningfully contributed to the substantially improved full year result. In December, Sagicor announced its intention to expand its footprint into the Southern and Eastern Caribbean. PJG is optimistic about the prospects for this business.
Outlook
The strong performance of PJG in 2025 is a result of disciplined performance management across our diverse portfolio of businesses. In 2026, PJG will remain focused on strengthening our core businesses, and will overlay that with a disciplined approach to capital allocation, risk management and the pursuit of growth opportunities through acquisition. Looking forward our goal is to optimize scale, market knowledge, access, and competitiveness. We intend to fund our strategic growth, in part, from the divestment of non-core holdings and the deployment of sale proceeds in businesses that offer attractive prospects for shareholder returns.
PJG benefits from an excellent corps of business leaders operating across its four business segments, supported by outstanding teams in the diverse international markets in which we operate. We thank our board, management, and our global workforce for their commitment to our shared values and for their continued support of our customers and partners.
