KINTYRE Holdings (JA) Limited has reported a sharp rise in profitability for 2025 while simultaneously expanding its asset base through a $500-million acquisition of a 170-acre property in Clarendon earmarked for quarry development.

The diversified investment company posted net profit of $157.5 million for the year ended December 31, 2025, representing a 95 per cent increase over the $80.7 million recorded in 2024. Revenue rose 25 per cent to $271.1 million, while operating profit climbed 56 per cent to $156.6 million.

Net profit attributable to shareholders rose 173 per cent to $148.8 million, though earnings per share remained flat at $0.08 due to an expanded share base. The company’s net profit margin improved to 58.1 per cent from 37.2 per cent a year earlier.

Chairman, President and Chief Executive Officer Tyrone Wilson said the results reflect the continued execution of the group’s diversification strategy across its four operating divisions.

“These exceptional results reflect the successful execution of our diversification strategy and the strength of our operating divisions,” Wilson said in a release. “We’ve achieved nearly 100 per cent net profit growth while expanding our asset base significantly.”

Total assets increased 33 per cent to $1.12 billion while shareholders’ equity rose 30 per cent to $697.3 million, representing 62.3 per cent of total assets.

The earnings announcement came days after Kintyre completed a $500-million transaction to secure a 170-acre property in Clarendon which the company intends to develop as a quarry asset.

The site contains limestone, aggregate material and river shingles, and has geological indications of potential gold-bearing formations, which the company said will be evaluated through structured technical work.

Wilson described the acquisition as a key step in Kintyre’s asset-building strategy, noting that the company does not intend to operate the quarry directly but is in discussions with overseas partners who possess quarry development expertise.

“Our objective is not to become a quarry operator, but a strategic asset owner,” Wilson said, adding that the company intends to earn from the property through a royalty-based commercial framework while retaining governance oversight.

The Clarendon asset will be managed through Parallel Real Estate Ventures Limited, Kintyre’s real estate arm, which has driven much of the group’s recent asset growth.

Wilson noted that prior to the group’s restructuring and merger and acquisition strategy, the company’s balance sheet stood at approximately $229 million. Holdings are now valued at about $1.72 billion, representing growth of roughly 651 per cent over that period.

Kintyre is also evaluating its potential graduation to the Jamaica Stock Exchange’s Main Market as it continues to scale its asset-backed portfolio.

Management said expansion initiatives across its operating divisions, including beverages and real estate, are expected to support continued growth in 2026.