VM Investments Income Statement

Financials in millions JMD. Fiscal year is January - December.

Millions JMD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	1,783	1,774	1,710	1,445	1,157
Total Interest Expense	1,550	1,596	1,647	1,159	767.41
Net Interest Income	232.24	177.55	63.38	286.08	390.09
Brokerage Commission	1,005	1,015	944.93	1,012	800.81
Gain on Sale of Investments (Rev)	1,110	1,437	866.34	946.53	670.16
Other Revenue	10.41	13.68	7.88	92.58	3.95
Revenue Before Loan Losses	2,358	2,643	1,883	2,337	1,865
Provision for Loan Losses	-28.32	272.85	208.33	3.28	-
Revenue	2,386	2,371	1,674	2,334	1,865
Revenue Growth (YoY)	0.66%	41.59%	-28.26%	25.13%	-0.56%
Salaries & Employee Benefits	1,279	1,110	912.57	764.68	648.62
Cost of Services Provided	34.92	37.25	29.29	75.9	44.71
Other Operating Expenses	1,079	1,071	781.41	680.43	508.58
Total Operating Expenses	2,489	2,116	1,713	1,421	1,202
Operating Income	-102.9	254.4	-38.75	912.41	663.09
EBT Excluding Unusual Items	48.11	447.77	125.67	912.41	663.09
Asset Writedown	-	-	-0.04	0.01	-
Gain (Loss) on Sale of Investments	-9.48	6.92	47.68	23.85	-4.87
Pretax Income	38.63	454.68	173.3	936.28	658.22
Income Tax Expense	-127.34	-101.04	-25.55	219.69	218.19
Net Income	165.98	555.72	198.84	716.59	440.03
Net Income to Common	165.98	555.72	198.84	716.59	440.03
Net Income Growth	-70.13%	179.48%	-72.25%	62.85%	1.49%
Shares Outstanding (Basic)	1,500	1,500	1,500	1,500	1,500
Shares Outstanding (Diluted)	1,500	1,550	1,550	1,550	1,500
Shares Change (YoY)	-3.23%	-	-	3.33%	-
EPS (Basic)	0.11	0.37	0.13	0.48	0.29
EPS (Diluted)	0.11	0.36	0.13	0.46	0.29
EPS Growth	-69.44%	176.92%	-71.74%	56.81%	1.49%
Free Cash Flow	4,793	1,402	-3,049	-2,024	1,187
Free Cash Flow Per Share	3.20	0.90	-1.97	-1.31	0.79
Dividend Per Share	-	0.085	-	-	0.155
Operating Margin	-4.31%	10.73%	-2.31%	39.10%	35.55%
Profit Margin	6.96%	23.44%	11.88%	30.71%	23.59%
Free Cash Flow Margin	200.88%	59.13%	-182.12%	-86.72%	63.63%
Effective Tax Rate	-	-	-	23.46%	33.15%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.