New Risk • Jun 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 223% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (JA$12.5b market cap, or US$79.7m). Reported Earnings • Jun 03
Full year 2026 earnings released: EPS: JA$0.02 (vs JA$0.028 in FY 2025) Full year 2026 results: EPS: JA$0.02 (down from JA$0.028 in FY 2025). Revenue: JA$1.96b (up 6.0% from FY 2025). Net income: JA$208.5m (down 31% from FY 2025). Profit margin: 11% (down from 16% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Tito Sanjurjo was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 07
Wigton Energy Limited Announces Board Changes Wigton Energy Limited announced that at the AGM held on October 3, 2025 appointed Tito Sanjurjo as a Director of the Company notwithstanding that he is over the age of seventy (70) years to serve for a period of two (2) years. M. Georgia Gibson Henlin, KC did not offer herself for re-election to the Board of Directors at the referenced AGM and accordingly she has retired as a Director of WIG effective as of the conclusion of the AGM on October 3, 2025. Announcement • Sep 10
Wigton Energy Limited, Annual General Meeting, Oct 03, 2025 Wigton Energy Limited, Annual General Meeting, Oct 03, 2025. Announcement • Dec 17
Wigton Energy Limited Appoints Wayne McKenzie, OD as an Independent, Non-Executive Director Wigton Energy Limited announced that Dr. Wayne McKenzie, OD has been appointed an independent, non-executive director on the company’s board of directors effective December 16, 2024. Reported Earnings • Nov 03
Second quarter 2025 earnings released: EPS: JA$0.013 (vs JA$0.04 in 2Q 2024) Second quarter 2025 results: EPS: JA$0.013 (down from JA$0.04 in 2Q 2024). Revenue: JA$378.3m (down 33% from 2Q 2024). Net income: JA$144.0m (down 67% from 2Q 2024). Profit margin: 38% (down from 78% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 20
Wigton Windfarm Limited, Annual General Meeting, Oct 11, 2024 Wigton Windfarm Limited, Annual General Meeting, Oct 11, 2024. Location: ac hotel by marriott, 38-42 lady musgrave road, kingston 5 Jamaica Announcement • Sep 13
Wigton Windfarm Limited Appoints Norman Naar as Chief Commercial Officer, Effective September 16, 2024 Wigton Windfarm Limited advised that it has appointed Mr. Norman Naar as WIGs Chief Commercial Officer effective September 16, 2024. This new appointment comes in the wake of the changes that were made to the leadership and organizational chart in August 2023 and specifically related to the job position of Business Development and Innovation Manager, which job title has been changed to that of Chief Commercial Officer. Mr. Naar, as Chief Commercial Officer, will be responsible for implementing the commercial strategy of WIG; driving the business development efforts of WIG by identifying new opportunities and cultivating relationships; and achieving growth targets. Mr. Naar is a global business development leader with extensive experience in the areas of strategic planning and development, business development, sales, marketing, operations, information technology and project management. He holds a Master of Business Administration in Finance from the University of Wales & Manchester Business School, a Bachelor of Science in Computer Science & Physics from the University of the West Indies, Mona and is a certified Project Management Professional through the Project Management Institute. Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: JA$0.076 (vs JA$0.028 in FY 2023) Full year 2024 results: EPS: JA$0.076 (up from JA$0.028 in FY 2023). Revenue: JA$2.06b (down 7.3% from FY 2023). Net income: JA$839.0m (up 172% from FY 2023). Profit margin: 41% (up from 14% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Apr 17
Wigton Windfarm Limited Announces Resignation of Nigel Davy as Director Wigton Windfarm Limited has announced that Mr. Nigel Davy resigned as a Director of WIG effective the 12th day of April, 2024. Announcement • Feb 29
Wigton Windfarm Limited, Annual General Meeting, Mar 22, 2024 Wigton Windfarm Limited, Annual General Meeting, Mar 22, 2024, at 11:00 US Eastern Standard Time. Agenda: To consider the Audited Financial Statements for the year ended March 31, 2023 and the Reports of the Auditors and Directors thereon be and are hereby adopted; to consider the dividend of J$0.005455 per ordinary share paid on January 6, 2023 be and is hereby ratified and declared final for the year ended March 31, 2023; to consider and re-elect the Directors; and to consider other business matters. Reported Earnings • Feb 18
Third quarter 2024 earnings released: JA$0.001 loss per share (vs JA$0.01 profit in 3Q 2023) Third quarter 2024 results: JA$0.001 loss per share (down from JA$0.01 profit in 3Q 2023). Revenue: JA$444.3m (up 5.5% from 3Q 2023). Net loss: JA$13.6m (down 112% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jan 31
Wigton Windfarm Limited Declares Payment of Dividend, Payable on February 27, 2024 Wigton Windfarm Limited (“WIG”) has advised that the Board of Directors (“Board”) of WIG considered the payment of a dividend at its meeting on January 30, 2024. The Board declared a dividend of JMD 65,373,000.00 or JMD 0.005943 per share. Payment will be made on February 27, 2024 to the shareholders on record as at February 13, 2024. The ex-dividend date is February 12, 2024. Buy Or Sell Opportunity • Jan 25
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JA$0.87. The fair value is estimated to be JA$0.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has declined by 24%. Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: JA$0.04 (vs JA$0.013 in 2Q 2023) Second quarter 2024 results: EPS: JA$0.04 (up from JA$0.013 in 2Q 2023). Revenue: JA$560.4m (flat on 2Q 2023). Net income: JA$435.9m (up 215% from 2Q 2023). Profit margin: 78% (up from 25% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buying Opportunity • Nov 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be JA$0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 22%. Buying Opportunity • Oct 19
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JA$0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 22%. Buying Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be JA$0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 22%. Buying Opportunity • Sep 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JA$0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 22%. New Risk • Aug 03
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: 14% Last year net profit margin: 21% 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 Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (JA$8.80b market cap, or US$57.4m). Reported Earnings • Aug 02
Full year 2023 earnings released: EPS: JA$0.028 (vs JA$0.04 in FY 2022) Full year 2023 results: EPS: JA$0.028 (down from JA$0.04 in FY 2022). Revenue: JA$2.22b (up 8.3% from FY 2022). Net income: JA$308.6m (down 29% from FY 2022). Profit margin: 14% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Feb 18
Third quarter 2023 earnings released: EPS: JA$0.01 (vs JA$0.003 in 3Q 2022) Third quarter 2023 results: EPS: JA$0.01 (up from JA$0.003 in 3Q 2022). Revenue: JA$421.0m (up 15% from 3Q 2022). Net income: JA$113.4m (up 219% from 3Q 2022). Profit margin: 27% (up from 9.7% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Jul 11
Full year 2022 earnings released: EPS: JA$0.04 (vs JA$0.072 in FY 2021) Full year 2022 results: EPS: JA$0.04 (down from JA$0.072 in FY 2021). Revenue: JA$2.05b (down 21% from FY 2021). Net income: JA$472.1m (down 40% from FY 2021). Profit margin: 23% (down from 31% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Jun 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.2%. The fair value is estimated to be JA$0.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • May 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be JA$0.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Mar 24
Now 22% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be JA$0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last year. Earnings per share has been flat over the last year. Upcoming Dividend • Dec 22
Inaugural dividend of JA$0.018 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 17 January 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in July 2020. The average dividend yield among industry peers is 9.0%. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS JA$0.01 (vs JA$0.014 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JA$572.6m (down 6.6% from 2Q 2021). Net income: JA$105.7m (down 32% from 2Q 2021). Profit margin: 19% (down from 25% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Reported Earnings • May 28
Full year 2021 earnings released: EPS JA$0.07 (vs JA$0.06 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JA$2.59b (up 7.3% from FY 2020). Net income: JA$792.7m (up 20% from FY 2020). Profit margin: 31% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 28
New 90-day low: JA$0.71 The company is down 3.0% from its price of JA$0.73 on 27 November 2020. The Jamaican market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 3.0% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: EPS JA$0.014 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JA$612.8m (down 3.1% from 2Q 2020). Net income: JA$155.0m (down 12% from 2Q 2020). Profit margin: 25% (down from 28% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Is New 90 Day High Low • Oct 17
New 90-day low: JA$0.71 The company is down 9.0% from its price of JA$0.78 on 17 July 2020. The Jamaican market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 6.0% over the same period. 
