Mayberry Group has reported a significant boost in its financial standing for the year ended December 31, 2024.
The Group's total assets reached $63.9 billion, up from 9% from the previous year.
This increase was fuelled mainly by growth in investment securities and promissory notes.
Shareholders' equity attribitable to shareholders, stood at a solid $15.8 billion, while total equity reached $24.8 billion, reflecting Mayberry's strong capital base and its commitment to long-term stability.
Although the Mayberry Group posted a net loss of $724.7 million, this was a notable improvement from the $1.5 billion loss in 2023.
The decline in profitability was largely due to fair value movements in financial instruments and higher operational expenses linked to investments in capacity building and future growth.
Mayberry says it remains focused on its pioneering role in the Jamaican capital markets and is enhancing its operational structure to align with its new group model.
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