Profit surged a solid 46 percent at Jamaica’s premier toll operators –Transjamaican Highway to US$13.2 million, for the quarter to March this year, compared to US$9.1 million in 2025. The vastly improved profit performance flowed from revenues that jumped an almost incredible 29 percent to US$29 million, from US$22.5 million for the 2025 first quarter.
Management indicated that “increased commuter traffic across the network was one area that contributed to the growth in revenues.
While revenues were climbing sharply, helped by US$3.5 million earned from the Mandeville leg of the highway, which came on stream during the period, costs remained subdued, with a 9 percent rise to US$12.3 million from $11.3 million in 2025. Taxation rose from US$3 million to US$3.55 million.
The company reported earnings per share of 0.0106 US cents, equivalent to 16.74 Jamaican cents per share, which puts the full year earnings at 67 Jamaican cents for the year. At this level of earnings, the stock is priced around 11 times current year’s profit.
Following the end of the quarter, a dividend of US$13 million, equivalent to all the profit generated in the quarter, was paid in April, an increase of 30 percent over US$10 million paid in the first half of 2025.