Jamaica Stock Exchange reports strong 2024 performance at 48th AGM

The Jamaica Stock Exchange (JSE) held its 48th Annual General Meeting on June 25, 2025, at its headquarters at 40 Harbour Street in downtown Kingston. The meeting was chaired by Mr. Steven Whittingham, who also remains in his role as Chairman of the Board, alongside Deputy Chairman Mr. Steven Gooden, following a special Board meeting held immediately afterward.

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In presenting the annual report, Mr. Whittingham highlighted the JSE’s strong financial performance in 2024.

“As Chairman of the Board, I am pleased to present this report for the year 2024, which demonstrates a commendable performance by the Company. The Company achieved a net profit of J$496 million, up from J$416 million in 2023, while earnings per share increased from fifty-nine cents ($0.59) to seventy-one cents ($0.71) over the period,” he said.

He also outlined the JSE’s strategic focus moving forward, emphasizing six core areas:

  • Diversifying income streams

  • Strengthening partnerships with Caribbean neighbours

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  • Expanding product offerings and market reach

  • Increasing listings

  • Enhancing customer service quality

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  • Building a collaborative global network

“We are committed to advancing these strategic objectives, which aim to improve profitability, increase shareholder value, strengthen market confidence and promote capital mobilization to support long-term wealth creation,” Mr. Whittingham added.

Dr. Marlene Street Forrest, Managing Director of the JSE, also delivered her annual report, spotlighting significant initiatives rolled out in 2024.

“In July 2024, the JSE launched the Jamaica Green, Social, Sustainability and Sustainability-Linked Bond Guide (GSS+), developed with support from IDB Invest and other partners,” Dr. Street Forrest said. “The guide serves as a blueprint for issuers, investors and stakeholders in navigating the green financing landscape. This also highlights how integral the JSE Group is in ensuring that national priorities such as this are enhanced.”

She also underscored the ongoing role of the Jamaica Social Stock Exchange (JSSE) in promoting social development and community empowerment.

“Our efforts in environmental, social and governance (ESG) practices underscore our dedication to fostering a more inclusive and sustainable financial market,” she said.

Looking ahead, Dr. Street Forrest reaffirmed the JSE’s commitment to stakeholder collaboration and innovation.

“As we look ahead, the JSE will continue to refine and build out its strategic journey through a team-based approach, anchored in working with our stakeholders, cross-sector collaboration and a shared commitment to innovation and market resilience.

“We are confident that implementing our strategic plan will ensure the success of our investors and companies and increase the attractiveness of our markets,” she concluded.

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