Future Energy Source Company Limited (Fesco) is projecting that by the end of December — just nine months into its 2025 financial year — it will surpass the total profit delivered for the 12 months ended March 2025.

The company’s upbeat guidance comes even as it continues to tally the damage across its network from Hurricane Melissa, the Category 5 system that tore through sections of central and western Jamaica in late October.

Fesco posted net profit of $205.8 million for the second quarter ending September 30, 2025, a 20.9 per cent year-on-year increase that pushed half-year earnings to $345.2 million, the strongest six-month performance in its history. Quarterly revenue rose 5.8 per cent to $8.39 billion, but the real lift came from a 10.4 per cent increase in litres sold, even as Petrojam’s ex-refinery prices fell across all major fuel categories. With no support from pricing, the quarter’s out-turn was driven almost entirely by higher throughput.

That demand helped gross profit climb 23.3 per cent to $561 million, marking the first time the fuel marketer has crossed the half-billion mark in a single quarter. Operating profit rose 21.8 per cent to $249 million, supported by gains across both retail fuel and LPG operations as well as incremental earnings from newer services. It was also the first full quarter of operations for the company’s second owned and operated service station, FESCO Oval, which contributed to the expanded operating base during the period.

In its preamble to shareholders, Fesco said the results put it firmly on track to exceed the $461.5 million earned last financial year.

“Q2 net profit of J$345.2 million is our best year ever half-year performance to date,” the company stated, adding that year-to-date profit is expected to surpass last year’s full result by December, “provided no additional natural disasters or unforeseen negative market events” emerge.

The quarter’s performance was delivered amid rising costs tied to growth across the network. Expenses increased 24.8 per cent to $313.9 million, reflecting higher depreciation from an expanded LPG footprint, increased staff and security expenditure, and a full quarter of activity at Fesco Oval. Even with that expansion, operating expenses amounted to 56 per cent of gross profit, an improvement on the last audited year.

Just weeks after the quarter closed, Hurricane Melissa inflicted widespread damage across central and western parishes, disrupting utilities and flattening infrastructure. In its Q2 report, Fesco said it had sustained damage at both company-owned and dealer-operated locations, with some stations left without reliable power and water. All but one branded station had reopened by November 5, though the company is still quantifying overall losses.

Even with the uncertainties introduced by Melissa, Fesco says it is pressing ahead with planned expansions. The company expects to open one to three new dealer-operated stations by March 2026 and aims to complete the remaining elements of the Oval development — including the convenience store, quick-service restaurants and administrative offices — early next year. Its ongoing investments in LPG storage, industrial-client equipment and other assets also paves the way for future volume growth.