Gary Peart Executive Chairman Supreme Ventures Limited has released the following report for the first quarter ended March31,2026.
The Group delivered a strong financial performance, recording net profit after tax of $700.62million, representing an increase of 35.88% over the corresponding period in 2025.
This performance underscores the resilience of the Group’s business model, notwithstanding the impact of operational disruptions arising from Hurricane Mellisa, which resulted in an estimated$1.6 billion reduction in gross tickets ales over the quarter. The associated negative impact on net profit is estimated at$100million. Within the lottery segment, terminal recovery has reached approximately 98%; however, the broader economic effects of the hurricane continue to curtail anticipated growth, reflecting in lower sales per terminal. In Supreme Routes Limited, approximately 22% of machines remain offline, mainly located in severely affected parishes. In response, management has implemented targeted measures to mitigate the impact, including the deployment of additional terminals to operational parishes. As at March31,2026, thirty seven locations in affected are as continue to operate using generators and Starlink connectivity, deployed by SVL as part of its recovery efforts.
QUARTER RESULTS
Despite the decline in ticket sales, gaming income increased by 4.61%, contributing to an improvement in gross profit to $3.30 billion, compared to $3.16 billion in the prior year. Recovery initiatives are well advanced, and the Group remains on track to return to full operational capacity by the end of the second quarter of 2026.
The Group continues to play a significant role in national development, contributing over $2.25 billion to government revenues through taxes, good causes, and other fees during the quarter. At the same time, we remained committed to delivering value to our shareholders, with earnings per share of 26.67 cents for the first quarter of 2026 and dividends totaling $77.28 million declared and paid during the period.
The Group recognized gaming income of $14.46 billion, an increase of $636.93 million over Q1 2025. Games, net of prizes, increased by $363.01 million and income from non-fixed-odds wagering games increased by $273.92 million, supported by 8.31% growth in pin code sales. Other income included a net gain of $32.70 million on shares held for trading. Selling, general and administrative expenses of $2.31 billion increased by $89.46 million, or 4.03%, broadly in line with inflationary pressures.
The operating segments delivered segment results of $989.09 million for Q1 2026, an increase of 5.75% relative to the corresponding period in 2025, with growth recorded across all segments. Total revenues from lottery, sports betting, and pin codes grew by 2.45%, 4.35%, and 8.31%, respectively. Sports betting continued to be a key growth segment, with income from fixed-odds wagering games increasing by 43.64%, or $202.71 million, over the prior comparative period.
This performance was supported by several promotions and customer engagement initiatives during the quarter, including the Gold Rush promotion ahead of the summer’s World Cup. This reflects the Group’s commitment to delivering a positive gaming experience and meaningful returns for its customers.
The Group ended the quarter with cash and cash equivalents of $1.77 billion, compared with $1.43 billion in December 2025, supported by positive operating cash flows of $631.87 million generated during the period. The Group remained compliant with all financial covenants during the quarter.
SVL continues to demonstrate creativity in engaging customers and delivering memorable experiences across its markets. Through a series of dynamic and engaging marketing promotions, the Group continues to strengthen brand loyalty and drive customer participation across multiple platforms.
The JustBet Goal Rush campaign was launched, offering three lucky customers the chance to win a trip to New York for a VIP Football Experience. A similar promotion was introduced in Guyana through the iBet Supreme Goal Rush, where one customer will win a trip for two to New York for the same exclusive and premium experience.
The Group also expanded its investment in sports betting entertainment with the launch of JustBet TV, a weekly digital series providing sports analysis, betting insights, and match previews, further deepening customer engagement through interactive content.
The beginning of 2026 marked a renewed chapter for Supreme Ventures Limited (SVL) and its charitable arm, the Supreme Ventures Foundation (SVF), as the Group advanced its vision for a brighter, more equitable Jamaica. Guided by purpose and innovation, SVL executed a series of impactful initiatives that strengthened communities, empowered youth, and supported national development.
As part of the Group’s ongoing Hurricane Melissa recovery efforts, SVF donated generators and water tanks valued at over J$5 million to the Child Protection and Family Services Agency (CPFSA) during a handover ceremony at the Homestead Place of Safety in St. Andrew. This contribution benefits multiple state care facilities across Jamaica enhancing disaster preparedness and safety.
SVL’s Acropolis Gaming Lounge concluded the “Play It Forward” campaign, an initiative that turned gaming excitement into meaningful aid. Three winners received prizes ranging from J$250,000 to J$1 million, with the Supreme Ventures Foundation matching each prize as a donation to hurricane relief efforts chosen by the winners. Beneficiaries received donations ranging from furniture, building materials, groceries, and appliances.
SVF opened nominations for the fourth cohort of the Supreme Community Hero Programme, which identifies and supports microbusinesses driving community development. The finalists will receive financial and training support through partnerships with Changemakers Limited and the Mona Entrepreneurial and Commercialization Centre (MECC), reinforcing SVF’s focus on sustainable grassroots empowerment.
Supreme Ventures Racing and Entertainment Limited (SVREL) demonstrated its commitment to sports livelihood through a J$1 million contribution to grooms at Caymanas Park.
During Grooms Appreciation Month (March 14–28), each winning groom received J$15,000 grant, with additional J$10,000 awards for the Best Dressed Groom and Groom of the Best-Presented Horse. All grants, administered via the Jamaica Racing Commission, will directly offset 2026/2027 license renewal costs supporting job retention within the industry.
SVL continued its broad support of Jamaican sports, sponsoring the Mayberry Classic Swim Meet, Jamaica’s CARIFTA Swim Team, the Jamaica Women’s Premier League, and Netball Jamaica’s Major and Minor Leagues. The Group also promoted employee wellness through participation of over 70 team members in the Sagicor SIGMA Corporate Run 2026.
SVL and SVF’s Q1 2026 initiatives reinforced our role as active partners in Jamaica’s development, championing empowerment, resilience, and opportunity. The Group remains steadfast in creating lasting change through impactful programs that align with its core values and the nation’s sustainable growth priorities.
Supreme Ventures Limited (SVL) Interim Report To Stockholders for the Three Months Ended March 31, 2026
