Melanie Subratie Chairman of Stanley Motta Limited has released the following unaudited financial statements for the year ended December 31st , 2025.
For the twelve months ended December 31 , 2025, the Group reported a 47.5% increase in the income in comparison to the corresponding period in 2024, moving from $564M at December 31, 2024 to $835M as at December 31, 2025. Administrative expenses for 2025, rose by 43% when compared to the same period in 2024, moving from $187M as at December 31, 2024 to $287M as at December 31, 2025. This increase was primarily driven by higher insurance premiums, security costs and general administrative expenses. However, other expenses remained stable relative to last year.
The revaluation of investment properties resulted in an increase in the portfolio’s fair value from $11.1B as at December 31, 2024 to $14.3B as at December 31, 2025. This upward movement generated revaluation gains of $2.8B, which were recognized in profit or loss. As a result, operating profit increased from $1.2B in the prior year to $3.4B for the current period.
Payables increased during the period primarily due to the accrual of construction costs relating to works completed prior to year-end but pending certification. This reflects the timing of final claims, snag list items, and approved variations associated with the Group’s recently completed development.The increase is timing-related in nature and does not reflect operational or liquidity pressure. These balances are expected to unwind in the ordinary course as contractual certifications and settlements are finalized.
During the period, a tenant elected not to proceed with the previously executed Letter of Intent (LOI), resulting in three floors remaining temporarily unoccupied. While this affected anticipated occupancy levels in the short term, the space remains marketable and strategically positioned within the building.
Stanley Motta New-Building Going At 58-Half-Way-Tree-Road
Management has since advanced discussions with prospective tenants and has secured commitments aimed at achieving occupancy of the three floors by mid-year. Based on current negotiations and market demand, the Group expects leasing activity to normalize and rental income to strengthen in the second half of the year.
The Group also saw modest improvements in key financial metrics. The Year-To-Date (YTD) NOI increased from $362M in 2024 to $554M in 2025, an upward movement of 53%. In the meantime, the YTD FFO increased by $44M, moving from $357M for YTD December 2024 to $401M YTD December 2025. These results reflect the Group’s ongoing commitment to maintaining robust management practices and operational efficiencies.
Earnings per share for the twelve-month period increased to J$4.29, when compared to J$1.47 in 2024.
The Company’s financial position is robust, with total assets increasing to $15B from $11.5 billion at the end of the previous financial year as at December 31, 2024. This growth reflects the benefits of increased tenant occupancy in the new building.
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