Announcement • Jul 28
Jetcon Corporation Limited, Annual General Meeting, Aug 26, 2025 Jetcon Corporation Limited, Annual General Meeting, Aug 26, 2025. Location: courtleigh hotel & suites, 85 knutsford boulevard, Jamaica Announcement • Mar 07
Jetcon Corporation Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Jetcon Corporation Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: JA$0.008 loss per share (vs JA$0.012 loss in 3Q 2023) Third quarter 2024 results: JA$0.008 loss per share. Revenue: JA$134.2m (down 7.2% from 3Q 2023). Net loss: JA$10.1m (loss widened 41% from 3Q 2023). Announcement • Nov 01
Jetcon Corporation Limited, Annual General Meeting, Nov 27, 2024 Jetcon Corporation Limited, Annual General Meeting, Nov 27, 2024. Location: the courtleigh hotel & suites, 85 knutsford boulevard, kingston, Jamaica Reported Earnings • Aug 16
Second quarter 2024 earnings released: JA$0.001 loss per share (vs JA$0.006 loss in 2Q 2023) Second quarter 2024 results: JA$0.001 loss per share. Revenue: JA$110.1m (down 40% from 2Q 2023). Net loss: JA$6.12m (loss widened 75% from 2Q 2023). New Risk • Jun 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (JA$542.7m market cap, or US$3.49m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (JA$733m revenue, or US$4.7m). Announcement • Mar 07
Jetcon Corporation Limited to Report Q4, 2023 Results on Mar 29, 2024 Jetcon Corporation Limited announced that they will report Q4, 2023 results on Mar 29, 2024 Announcement • Dec 20
Jetcon Corporation Limited Announces Board Changes Jetcon Corporation Limited announced that the following changes to its Board of Directors: Effective November 29, 2023, at Annual General Meeting, John Jackson, having reached the maximum age permitted by Articles of Association to hold a board seat, retires. Christine Clarke-Doherty also retires. The Board announced that this opportunity to thank them for their years of service and wish them well for the future. Effective November 29, 2023, Candice Carby, Heleen Francis and Justine Rector are appointed Board Members. they were appointed by majority vote at the AGM mentioned above. On December 13, 2023, at a Meeting of the Board, Andrew B Jackson was appointed Executive Chairman of the Board. The Committees shall be structured as follows: Finance/Audit – Heleen A Francis (chair), Candice Carby, Andrew Joel Jackson. Compensation: Garth McKenzie, Sean Jackson, Justine Rector. Reported Earnings • Nov 19
Third quarter 2023 earnings released: JA$0.012 loss per share (vs JA$0.02 profit in 3Q 2022) Third quarter 2023 results: JA$0.012 loss per share (down from JA$0.02 profit in 3Q 2022). Revenue: JA$144.5m (down 52% from 3Q 2022). Net loss: JA$7.12m (down 161% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Oct 31
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 Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (JA$589.3m market cap, or US$3.81m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Aug 19
Second quarter 2023 earnings released: JA$0.014 loss per share (vs JA$0.007 profit in 2Q 2022) Second quarter 2023 results: JA$0.014 loss per share (down from JA$0.007 profit in 2Q 2022). Revenue: JA$184.3m (down 27% from 2Q 2022). Net loss: JA$8.21m (down 296% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Jun 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 2.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (JA$630.2m market cap, or US$4.08m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JA$1.30, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 12x in the Specialty Retail industry in South America. Total returns to shareholders of 44% over the past three years. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: JA$0.02 (vs JA$0.01 in 3Q 2021) Third quarter 2022 results: EPS: JA$0.02 (up from JA$0.01 in 3Q 2021). Revenue: JA$300.9m (up 53% from 3Q 2021). Net income: JA$11.6m (up 104% from 3Q 2021). Profit margin: 3.9% (up from 2.9% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (5 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: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Dec 10
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: JA$0.01 (up from JA$0.003 in 3Q 2020). Revenue: JA$196.4m (up 28% from 3Q 2020). Net income: JA$5.71m (up 182% from 3Q 2020). Profit margin: 2.9% (up from 1.3% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS JA$0.01 (vs JA$0.012 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JA$208.7m (up 143% from 2Q 2020). Net income: JA$6.01m (up JA$12.8m from 2Q 2020). Profit margin: 2.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2021 earnings released: EPS JA$0.02 (vs JA$0.018 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JA$202.2m (down 11% from 1Q 2020). Net income: JA$11.5m (up 12% from 1Q 2020). Profit margin: 5.7% (up from 4.5% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 25
Full year 2020 earnings released: JA$0.012 loss per share (vs JA$0.10 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: JA$629.3m (down 39% from FY 2019). Net loss: JA$6.73m (down 111% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 25 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 29
New 90-day low: JA$0.56 The company is down 31% from its price of JA$0.81 on 30 September 2020. The Jamaican market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 7.0% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS JA$0.004 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: JA$153.4m (down 45% from 3Q 2019). Net income: JA$2.02m (down 91% from 3Q 2019). Profit margin: 1.3% (down from 7.7% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 29
New 90-day low: JA$0.69 The company is down 32% from its price of JA$1.01 on 30 July 2020. The Jamaican market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 5.0% over the same period. 
