Future Energy Source Company [FESCO] has disclosed that it delivered record earnings for the financial year ending March 2026, driven by strong fuel sales growth, tighter cost controls, and continued expansion across Jamaica.
Jeremy Barnes, Mayberry Investments, Managing Director, speaking during an investor briefing he hosted, said the company remains in a strong growth phase despite already producing results similar to, to a mature company.
FESCO reported revenue of $32 billion, up 8.4 per cent year over year. Net profit surged 36 per cent, with fourth quarter earnings jumping 48 per cent.
The company, meanwhile, is continuing its aggressive expansion drive, with plans to open three new service stations in Sheffield, Westmoreland, Runaway Bay, St. Ann, and Cinnamon Hill in St James by December this year.
This would bring its total network to 26 stations.
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