KINGSTON, Jamaica – Dolla Financial is demonstrating strong growth momentum. This news comes from Jamaica Observer reports dated January 2, 2026. The company shows resilience. It is navigating past challenges effectively. Its financial performance remains robust. This sustains its position in the Caribbean business landscape.
Investor Confidence Surges
Dolla Financial secured significant investor confidence. Its public bond offering was recently upsized. It grew from $1 billion to $1.5 billion. This reflects strong demand from investors. Mayberry Investments Limited managed the offering. The bond’s proceeds serve dual purposes. They will address a $570.12 million bond maturity. They will also fuel the company’s growing loan portfolio. This financial maneuver signals a healthy outlook.
Strategic Acquisition Fuels Expansion
A significant strategic move is underway. Dolla Financial plans to acquire Evolve Loan Co. This deal includes its loan portfolio. It also covers digital lending solutions. The acquisition is subject to regulatory approval. Dolla’s CEO, Kenroy Kerr, views this positively. He states it meaningfully expands their microcredit footprint. It reinforces their commitment to inclusive financing. This move is expected to boost the loan book. It will improve balance, scale, and growth potential. Supreme Ventures Limited (SVL) is divesting Evolve. SVL will retain a 15% equity stake. This preserves exposure to the portfolio’s future performance.
Performance Highlights Amidst Hurdles
Despite recent challenges, Dolla Financial reports impressive performance. For the first nine months of 2025, consolidated interest income grew 36%. It reached $1.49 billion. Profit before taxation rose 20%. This totalled $441.83 million. Net profit increased 28%. It stood at $434.77 million. The company’s asset base expanded 5%. It reached $4.81 billion. Shareholder’s equity saw a 29% increase. It is now $1.45 billion. The consolidated loan portfolio grew 15%. It went from $3.995 billion in December 2024. It reached $4.58 billion by September 2025. However, cash and short-term deposits decreased. They fell from $443.99 million to $107.51 million. The company also faced hurdles in 2025. Hurricane Melissa impacted operations. Fraudulent activity also affected loan security documentation. This led to increased credit loss provisions. The non-performing loan ratio peaked at 12.8% in Q2 2025. It later decreased to 12.5% in Q3. These issues impacted earnings. Yet, the company adapted and reported growth.
Regional Aspirations and Market Position
Dolla Financial continues its regional expansion strategy. The company previously announced plans for operations in St. Lucia and Barbados. It already operates in Guyana. This regional focus aims to increase revenues. It also seeks to enhance profitability. The company’s commitment to inclusive financing is evident. Dolla serves micro-enterprises and SMEs. It offers various loan products. These cater to underserved sectors. This strategy positions Dolla as a key player. It operates within the dynamic Caribbean business environment.
A Look Forward
Dolla Financial’s recent activities show a company focused on growth. The successful bond offering and planned acquisition underscore this. Despite a challenging operational environment, the business demonstrates resilience. Its financial results for 2025 point to continued momentum. The company is actively managing risks. It also pursues strategic opportunities. Dolla Financial appears well-positioned for future success. Its approach to expansion and financial management will be watched closely.