Pan Jamaica Group Limited has reported outstanding results for the second quarter and first half of 2025, with standout profit growth in its speciality foods and financial services divisions.

For the six months ended June 30, the group recorded consolidated net profits of J$4.6 billion, up 80 per cent when compared to the same period in the prior year. Net profit attributable to shareholders for the period increased by 103 per cent to J$3.7 billion. The half-year results were generated from revenues of J$21.4 billion, an 11 per cent increase on the 2024 results.

Consolidated net profits of J$2.5 billion for the three-month period also reflected a 78 per cent increase compared to the prior year. The second quarter’s net profit attributable to shareholders hit the J$2 billion mark and was up 91 per cent on the prior year, with quarterly revenues growing 23 per cent to J$11.7 billion.

Pan Jamaica Group vice chairman and CEO Jeffrey Hall expressed satisfaction with the results. “Our Speciality Foods and Financial Services divisions were the clear growth engines for the first half of 2025, with strong contributions from our global services and property & infrastructure divisions rounding out a well-balanced performance.”

The Speciality Foods Division delivered a first-half profit before finance cost and taxation of J$420 million, almost doubling last year’s result with a 97 per cent increase.

This growth was anchored by The Juicy Group, Pan Jamaica’s European fresh juice business, which saw Q2 sales driven by strong Easter holiday demand and an early summer boost.

Operating from facilities in the Netherlands, Spain, and Belgium, The Juicy Group produces fresh juice for major supermarkets and food service clients across Northern Europe, including Germany, Scandinavia, France, and Eastern Europe.

Caribbean operations also rebounded faster than expected after the impact of last year’s hurricane, with JP Farms returning to full production and profits in line with 2024. First-half revenues for the division grew five per cent to J$11.8 billion, maintaining its position as the group’s largest revenue contributor.

The Financial Services Division’s profit before finance cost and taxation surged 121 per cent to J$2.6 billion up to the end of June 2025. The improvement reflects a strong rebound at Sagicor Group Jamaica, in which PJG holds a 30.2 per cent stake, supported by higher insurance revenues, expanding net interest income, trading gains, and market experience gains in the life and health insurance business. Additional earnings came from realised securities sales in Q1. The result marks a significant turnaround from 2024, when one-off accounting and actuarial adjustments impacted performance.

Speaking on the performance of the global services and property & infrastructure divisions, Hall noted that both segments showed the sharpest increases in revenue, “The ROK Hotel in particular benefited from increased occupancies following a series of sporting and cultural events that happened in Kingston for the first half of the year.”

He further noted, “Our shipping businesses have also had a spectacular year with increased shipments out of the UK and improved transhipment volumes at Kingston Wharves.”

The Global Services Division posted a first-half profit before finance costs and taxation of J$2.5 billion, up 38 per cent year-on-year, with revenues rising 19 per cent to J$7.2 billion. The Property & Infrastructure Division generated a profit before finance costs and taxation of J$716 million in the first half, a 39 per cent increase when adjusted for last year’s one-off asset sale. The division’s revenues grew 16 per cent to J$2.4 billion.

Looking ahead, Pan Jamaica Group will continue to consolidate its position as a leading conglomerate on the Jamaica Stock Exchange (JSE), with market-leading international businesses. This will be supported by the divestment of non-core holdings and a deeper commitment to the best prospects across the group’s portfolio of businesses.