Jamaican lottery and sports betting operator Supreme Ventures Limited (SVL) reported statutory profit after tax of JMD2.19bn ($13.7m) for the nine months ended September 30, 2026, a 19.4% year-over-year increase. Its board approved the interim report on November 2.
Total gaming income reached JMD43.01bn, up 2.9% from the comparable period in 2025. Of that amount, JMD25.99bn came from non-fixed-odds wagering, horseracing and pin codes, while fixed-odds gaming income net of prizes accounted for JMD17.02bn.
Operating profit climbed to JMD3.77bn from JMD3.04bn. The interim report did not provide an EBITDA figure.
Profit attributable to Supreme Ventures shareholders also reached JMD2.19bn, an 18.2% year-over-year increase. This measure excludes the small share of consolidated earnings attributable to non-controlling interests in the group's subsidiaries.
The third quarter showed a different top-line trend. Gaming income for July through September was JMD13.87bn, down about 0.6% year-over-year, but quarterly profit after tax rose 31.4% to JMD714.32m.
The group recorded a JMD254.58m fair-value gain on shares during the quarter, making the profit increase larger than the movement in gaming income alone would suggest.
Supreme Ventures attributed part of the nine-month increase to the 2026 FIFA World Cup. The tournament contributed JMD775.6m in additional sports betting gross ticket sales, according to the report.
Sports betting revenue rose 6.01% and pin-code revenue increased 5.23%. The operator also reported weaker results in horseracing, where its subsidiary posted a revenue decline and an after-tax loss.
Operating cash flow totaled JMD2.68bn during the period and cash and cash equivalents stood at JMD1.30bn at September 30. In July, the group raised JMD2bn while settling JMD2.60bn in debt.
Higher financing costs remained a pressure on earnings, with finance costs increasing 27.89% year-over-year. These figures place the profit gain alongside a mixed quarterly revenue picture and continued investment across the group's betting and lottery businesses.
In June, Jamaican operators reported a World Cup betting surge, with Supreme Ventures saying early tournament wagering was running 40% ahead of the 2022 competition.
Supreme Ventures is testing its EvoCash digital wallet and prepaid Mastercard with 700 employees before a proposed public rollout
