Mayberry Group Limited (MGL) returned to profitability in the second quarter of 2026, reporting net profit attributable to shareholders of $188.4 million, a decisive reversal from the $1.17 billion net loss recorded in the first quarter. 

Speaking at the Group’s Q2 2026 Virtual Investor Forum, Group Chief Executive Officer Gary Peart confirmed that every subsidiary within the Group was profitable for the quarter and pointed to a broad-based recovery across the investment portfolio heading into the second half of the year.

On a total basis, the Group earned net profit of $621.7 million for the quarter ended June 30, 2026, compared with a net loss of $2.2 billion in the first quarter — a sequential improvement of $2.8 billion. Earnings per stock unit for the quarter came in at $0.16, against a loss per stock unit of $0.98 in the first quarter, while total comprehensive income for the quarter reached $399.2 million, compared with a total comprehensive loss of $2.5 billion three months earlier.

Market Recovery Drives Associate Gains

The rebound was anchored by a $796.5 million net unrealised gain on the Group’s investments in associates measured at fair value through profit or loss, compared with a $943.7 million unrealised loss on the same holdings in the prior-year quarter. Management noted that the recovery has been led by key associate holdings: Supreme Ventures Limited’s share price climbed off a first-half low near $13 to close the quarter around $18, while National Commercial Bank Jamaica traded up from roughly $40 in March to the $70 range by the forum date, reflecting improving profitability and investor sentiment across both names. The Group’s investment in associates grew 4.9%, or $677.7 million, since December 2025, closing the period at $14.6 billion.

Total assets stood at $59.4 billion as at June 30, 2026, and total equity closed at $16.1 billion. Net interest income and other revenues swung to a positive $35.4 million for the six months, an improvement of nearly $3.0 billion compared with the corresponding period in 2025, with the Group now essentially covering its full interest expense from interest income alone.

“The sun is shining. We’re seeing green shoots not just for the upcoming quarters this year, but the setup for 2027 is looking very good. Right across the Group we delivered strong results for the quarter, and every single subsidiary was profitable — even though we weren’t yet able to reverse the year-to-date losses, that is a material break from what we’ve seen. We’re confident we’ll end the year in profit across all of our subsidiaries,” said Gary Peart, Group Chief Executive Officer, Mayberry Group Limited.

Mayberry Investments Limited (MIL), the Group’s flagship securities dealer, posted a strong quarter across its brokerage, foreign exchange and investment banking lines. CEO Patrick Bataille outlined a continued push into managed portfolio offerings for both new and sophisticated investors, alongside an ongoing digitalisation programme that has introduced operational-level AI tools to streamline processes across the business.

“It’s been a great quarter for MIL, a great quarter for the parent entity — the return of the business. Around new products, the second half of the year is heads-down focused on pushing our managed portfolios, increasing our assets under management, and servicing our clients. On top of that, we’re continuing our digitalisation journey, including the early-stage adoption of AI in our operational functions,” said Patrick Bataille, Chief Executive Officer, Mayberry Investments Limited.

Management confirmed the Group is in discussions to recommend a restart of dividends to the Board, supported by realised reserves built up during the recovery period, subject to Board approval. The Group also holds a growing position in Dolla Financial Services Limited, currently subject to Bank of Jamaica approval, and continues to explore real estate development and syndication opportunities tied to its Chalmers landholdings. Management remains focused on the disciplined growth of the Group’s core lending and investment activities, and on realising further value from its investment portfolio as market conditions continue to recover.