JSE suspends two more companies over late financials
KINGSTON, Jamaica — The Jamaica Stock Exchange (JSE) has suspended trading of Kintyre Holdings (Ja) Limited (KNTYR) and Atlantic Hardware & Plumbing Company Limited (AHPC) due to the continued delay in filing their audited financials.
The move took effect Tuesday morning and will remain in effect until both company’s submit their overdue reports. This means that investors will not be able to trade either company’s stock until the JSE admits them back to trading. Investors continue to retain their ownership in both companies prior to the suspension taking effect.
Both companies’ audited financials were originally due by March 31 after both filed unaudited fourth quarter reports. However, both Junior Market firms have yet to submit their December 2025 audited numbers. The JSE’s Junior Market rule book stipulates that the JSE may suspend a company whose audited financials are more than 90 days overdue. AHPC closed Tuesday at $1.58 while Kintyre ended trading at $0.17.
Kintyre indicated that its external auditors needed to conduct additional audit procedures due to several acquisitions and transactions completed in 2025.
The suspension represents the third major sanction applied by the JSE against Kintyre Holdings (Ja), which was formerly known as iCreate Limited. The JSE previously suspended Kintyre in 2023 and 2024 for overdue financials and other market breaches.
Atlantic indicated that its delay was due to it switching its external auditor last year. Atlantic listed on the JSE in April 2025 and changed its auditors in October 2025 to Deloitte & Touche.
“As part of that transition process, the Company appointed a global big four firm as auditor for the Financial Year 2025. A first-year audit with a new, larger global firm following this scale of change naturally takes longer, and that is the reason for the delay,” Atlantic Managing Director Deanall Barnes noted in a press release.
Barnes acknowledged the suspension of the company’s shares from trading. He pointed out that the company was previously a private founder-controlled firm up to 2024 that used a small-scale auditing firm.
Since being acquired in 2024, it has had a new management team, ERP system, and location as part of its growth ambitions.
The suspension of Atlantic brings the number of companies suspended from 2023 to eight firms. Nearly all of the suspension actions stem from late audited and quarterly financials beyond the stipulated grace periods. Most of the companies suspended during that period were from the Junior Market, with only two firms from the Main Market.
Derrimon Trading Company Limited was suspended from trading on June 2 over its late audited financials. Derrimon updated the market yesterday, whereby it has set July 10 as the new date to publish its December 2025 audited financials and first quarter report.
Mailpac Group Limited filed its December 2025 audited financials yesterday, but its first quarter report remains outstanding as of this afternoon. KLE Group Limited filed its first quarter report yesterday, while EduFocal Limited published its first quarter report on its company website. The push by these three Junior Market companies to submit their financials shows the aim to avoid a secondary sanction by the stock exchange, which has moved into a zero-tolerance stance on overdue reports.
