Reported Earnings • Jul 18
Full year 2026 earnings released Full year 2026 results: EPS: JA$0.026. Revenue: JA$340.5m (down 38% from FY 2025). Net income: JA$34.4m (down 76% from FY 2025). Profit margin: 10% (down from 26% in FY 2025). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JA$1.03, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 16x in the Renewable Energy industry in South America. Total loss to shareholders of 31% over the past three years. Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공고 • Jan 09
Innovative Energy Group Limited, Annual General Meeting, Jan 14, 2026 Innovative Energy Group Limited, Annual General Meeting, Jan 14, 2026. 공고 • Apr 10
Innovative Energy Group Limited Announces Chief Executive Officer Changes Innovative Energy Group Limited announced the appointment of Dr. Conrad Miller as Chief Executive Officer, effective April 14, 2025. Dr. Miller brings over two decades of experience in the energy sector, with a proven track record of leadership, innovation, and financial acumen. He holds a Doctorate in Business Administration focusing on Strategy and Innovation, a master's degree in engineering management, and an undergraduate degree in Mechanical Engineering. He is a registered Professional Engineer with the Professional Engineering Registration Board. Previously, Dr. Miller served as Director of Engineering Services, among other leadership roles at Jamaica Energy Partners, JB Ethanol and WINDALCO. His visionary approach and commitment to sustainability align perfectly with Innovative Energy Group's mission to be a leader in the Renewable Energy sector in Jamaica and the region. In his new role, Dr. Miller will be responsible for steering the company's strategic direction, fostering innovation, and driving operational excellence. The board and employees of Innovative Energy Group are excited to welcome Dr. Miller and look forward to working alongside him to achieve the company's goals. This leadership transition aligns with IEG's robust corporate governance and strategic succession planning. Outgoing CEO Mr. Nigel Davy will continue as Executive Chairman and focus on driving Business Development. This leadership transition aligns with IEG's robust corporate governance and strategic succession planning. Outgoing CEO Mr. Nigel Davy will continue as Executive Chairman and focus on driving Business Development. 공고 • Apr 09
Innovative Energy Group Limited Appoints Conrad Miller as President, Effective April 14, 2025 Innovative Energy Group Limited announced the appointment of Dr. Conrad Miller as President, effective April 14, 2025. Dr. Miller brings over two decades of experience in the energy sector, with a proven track record of leadership, innovation, and financial acumen. He holds a Doctorate in Business Administration focusing on Strategy and Innovation, a master's degree in engineering management, and an undergraduate degree in Mechanical Engineering. He is a registered Professional Engineer with the Professional Engineering Registration Board. Previously, Dr. Miller served as Director of Engineering Services, among other leadership roles at Jamaica Energy Partners, JB Ethanol and WINDALCO. His visionary approach and commitment to sustainability align perfectly with Innovative Energy Group's mission to be a leader in the Renewable Energy sector in Jamaica and the region. In his new role, Dr. Miller will be responsible for steering the company's strategic direction, fostering innovation, and driving operational excellence. The board and employees of Innovative Energy Group are excited to welcome Dr. Miller and look forward to working alongside him to achieve the company's goals. This leadership transition aligns with IEG's robust corporate governance and strategic succession planning. Outgoing CEO Mr. Nigel Davy will continue as Executive
Chairman and focus on driving Business Development. New Risk • Oct 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-JA$23m). Earnings have declined by 9.0% per year over the past 5 years. Revenue is less than US$1m (JA$73.0 revenue, or US$0). Market cap is less than US$10m (JA$627.9m market cap, or US$3.96m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Sep 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Jamaican stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-JA$22m). Earnings have declined by 2.8% per year over the past 5 years. Revenue is less than US$1m (JA$73.0 revenue, or US$0). Market cap is less than US$10m (JA$600.6m market cap, or US$3.80m). New Risk • Sep 02
New major risk - Revenue and earnings growth Earnings have declined by 2.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-JA$22m). Earnings have declined by 2.8% per year over the past 5 years. Revenue is less than US$1m (JA$73.0 revenue, or US$0). Market cap is less than US$10m (JA$611.5m market cap, or US$3.88m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Aug 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.7% operating cash flow to total debt). Negative equity (-JA$21m). Revenue is less than US$1m (JA$500k revenue, or US$3.2k). Market cap is less than US$10m (JA$513.2m market cap, or US$3.26m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Aug 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-JA$14m). Earnings have declined by 75% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (JA$469.6m market cap, or US$3.00m). Minor Risks Latest financial reports are more than 6 months old (reported November 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Jul 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Jamaican stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-JA$14m). Earnings have declined by 75% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (JA$436.8m market cap, or US$2.79m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Oct 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-JA$10m). Earnings have declined by 86% per year over the past 5 years. Revenue is less than US$1m (JA$499k revenue, or US$3.2k). Market cap is less than US$10m (JA$753.5m market cap, or US$4.81m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Tricia Grant-Mitchell was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 공고 • Feb 24
Ciboney Group Limited, Annual General Meeting, Mar 16, 2021 Ciboney Group Limited, Annual General Meeting, Mar 16, 2021, at 11:00 US Eastern Standard Time. Agenda: To adopt the audited financial statements for years ended May 31, 2018, May 31, 2019 and May 31, 2020; to appoint Auditors and authorise the Directors to fix their remuneration; and to appoint Director. Is New 90 Day High Low • Feb 02
New 90-day high: JA$0.26 The company is up 73% from its price of JA$0.15 on 03 November 2020. The Jamaican market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: JA$0.25 The company is up 47% from its price of JA$0.17 on 18 September 2020. The Jamaican market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: JA$0.21 The company is up 62% from its price of JA$0.13 on 11 September 2020. The Jamaican market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 18% over the same period. 공고 • Oct 10
Ciboney Group Limited Announces Resignation of Robert Stephens, Director and an Independent Director on CBNY’s Audit Committee Ciboney Group Limited announced resignation of Robert Stephens, a Director and an Independent Director on CBNY’s Audit Committee. CBNY further advised that Mr. Stephens resigned on June 1, 2020, having served the Company for over 30 years.