Future Energy Source Company Limited (FESCO)
Ranked # 25 – Businessuite Caribbean Power 100
Ranked #12 – Power 50 Jamaica
Ranked #1 – Power 50 Jamaica Junior Market
Lyden D. “Trevor” Heaven Chairman
Jeremy Barnes Managing Director
Future Energy Source Company Limited (FESCO) is a Jamaican-owned energy company engaged in the marketing and distribution of petroleum products to retail and commercial customers across Jamaica. The company supplies a broad fuel portfolio, including E10 87 and 90 octane gasoline, automotive diesel oil, ultra-low sulphur diesel, and lubricants, supporting critical sectors of the economy.
FESCO’s retail operations are anchored by a growing national network of service stations, providing islandwide access to transportation fuels. On the commercial side, the company delivers bulk fuel solutions to the manufacturing, construction, and transportation industries, where reliability and supply continuity are essential to operations. This dual-channel model enhances revenue diversity and operational resilience.
For the financial year ended March 31, 2025, FESCO recorded record revenue of J$30 Billion, driven primarily by increased fuel volumes, while net profit was reported at J$461 Million.
During the period, the company continued to prioritise expansion, committing significant capital to network development and infrastructure, including new service stations and the scaling of its FESGAS liquefied petroleum gas (LPG) business, which completed a fifth filling plant in Montego Bay by the end of 2024.
Operational expansion remains a central strategic focus. By April 2024, FESCO had expanded its footprint to 21 service stations, reinforcing its presence across both urban and regional markets. The company also advanced investment in company-owned infrastructure, including the development of the FESCO Oval on Spanish Town Road, supporting long-term operational control and efficiency.
Governance and disciplined execution underpin FESCO’s growth strategy, with capital allocation decisions balancing expansion requirements and shareholder considerations. As a locally owned enterprise operating in a strategically important sector, FESCO continues to strengthen its role in Jamaica’s energy landscape through measured growth, infrastructure investment, and reliable fuel supply
