TransJamaican Highway delivers double-digit growth in revenue and profit

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.

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.

TransJam Group CEO, Ivan Anderson, credited the results to a combination of operational discipline and targeted investments. “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,” he said.

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.

 Toll Modernisation

The overall TJH 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 TransJam Highways network at Freetown.

During the second quarter of the financial year 2025, TJH 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,” Mr. Anderson added.

The company also completed the payment of a US$10 million dividend in April, declared in March 2025, underscoring what the CEO described as management’s “confidence in our cash flow sustainability and our commitment to delivering returns to shareholders”.

As at June 30, 2025, TJH reported 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, down from US$229 million at the end of last year.

Looking ahead, Mr. 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.

Motorists heading into Portmore now have the option to top up on RUBiS gas and get groceries at the convenience store, which was officially opened on Thursday August 7, 2025.