TransJamaican Highway Limited (TJH) is reporting a 28 per cent increase in net profit for the six months ended June 30, 2025, resulting from sustained growth in traffic volumes and toll revenues.

“For the half-year, TJH recorded net profit of US$17.8 million, up from US$13.9 million in the same period last year. Revenue climbed 14 per cent to US$45 million, supported by higher commuter traffic and growing adoption of the company’s electronic payment solution T-Tag,” TJH said in a news release Friday.

The company said that quarterly performance also remained solid, with second-quarter revenue of US$22.5 million, 13 per cent above the prior-year period, and net profit of US$8.7 million, an increase of 24 per cent over the US$7 million earned in Q2 2024.

“Our performance reflects strong topline growth and disciplined cost management, even as we continue to invest in technology upgrades and marketing initiatives to enhance efficiency and improve the commuter experience,” the release quotes TransJam Group CEO Ivan Anderson.

TransJam said that the second quarter earnings before interest, taxes, depreciation, and amortisation came in at US$18 million, up 13 per cent year-over-year, maintaining a robust 80 per cent margin. Finance costs declined four per cent to US$3.4 million, reflecting the continued repayment of secured notes and a strengthening of the capital structure.

The company also said that its overall road infrastructure has been improved by adding one lane to the Vineyards Toll Plaza as well as the operational opening of the on-and-off ramps on the highway network at Freetown.

Additionally, TransJam said that during the second quarter of the financial year 2025 it increased spending on tolling equipment and systems as part of its modernisation push.

“These investments in our tolling infrastructure are designed to create more time and cost savings for our commuters, while supporting our long-term growth strategy,” Anderson said.

The company also reported that it completed the payment of a US$10-million dividend in April, underscoring what Anderson described as management’s “confidence in our cash flow sustainability and our commitment to delivering returns to shareholders”.

TransJam also reported that at June 30, 2025, it had total assets of US$295 million, broadly consistent with year-end 2024, with increases in restricted cash and trade receivables. Liabilities declined to US$222 million from US$229 million at the end of last year.

Anderson reaffirmed the company’s focus on leveraging technology, maintaining operational efficiency, and positioning for expansion opportunities.

“We remain committed to delivering value to our shareholders while playing a pivotal role in Jamaica’s infrastructure development,” he said.