TransJam Highway reports 46% rise in profits, 30% increase in dividends in first quarter

Net profit climbed 46 per cent to US13.2 million, while earnings per share rose by the same margin to US0.00106 per stock unit. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) also increased by 31 per cent to US23.7 million, reflecting the continued strength of TJH’s concession-based operating model.TJH said it maintained a healthy financial position during the quarter, with its debt service coverage ratio improving to 3.43 times. The company noted that this demonstrates its capacity to comfortably manage debt obligations while continuing to invest in infrastructure upgrades, technology, operational improvements, and shareholder returns.The board also approved an interim dividend of US13 million, paid in April 2026, representing roughly a 30 per cent increase over the dividend distributed during the corresponding period in 2025.The company highlighted continued progress in the adoption of electronic tolling through its T-Tag system. It said about 54 per cent of motorists now use T-Tags across the network, with usage reaching nearly 80 per cent on the Portmore Toll road during peak traffic hours. This shift toward electronic tolling, it said, has improved traffic flow and convenience for drivers.Over the last three years, approximately 2.2 million fewer vehicles have passed through manually operated toll lanes, despite higher overall traffic volumes. According to the company, this has helped to reduce congestion and shorten travel times.“The continued migration to electronic tolling has really enhanced operational efficiency while supporting a safer and faster journey for motorists on the highway network,” noted Ivan Anderson, TransJam Group chief executive officer (CEO). “We are seeing faster throughput at all toll plazas, shorter wait times, improved efficiency, and an overall greater travel experience for our customers.”TJH added that it continues to invest in information technology, digital payment systems, lane optimisation, and customer service initiatives to modernise the tolling experience and support Jamaica’s transportation demands.The company also pointed to the successful integration of the May Pen to Williamsfield (Phase 1C) highway segment into its operations, noting that the addition has strengthened revenue generation and expanded the network’s strategic footprint across the island.Looking ahead, Anderson said the group remains well positioned for continued expansion, supported by steady cash flows, rising traffic demand, increased electronic toll usage, disciplined capital management, and ongoing debt reduction efforts.“As we continue to grow, our focus remains on delivering long-term value to shareholders while improving efficiency, convenience and the overall travel experience for the several thousands of Jamaicans who use our highways every day,” he said.