Kingston, Jamaica – June 24, 2025 – Supreme Ventures Limited (SVL) hosted its 2025 Annual General Meeting (AGM) on Wednesday, June 24, at the AC Hotel in Kingston, following a year marked by the company’s resilience, continuous innovation, strategic market expansion and meaningful community investment.
The event welcomed shareholders and stakeholders alike to reflect on the group’s 2024 performance and look ahead to an even more promising 2025. Attendees were treated to an engaging experience, including instant cash prizes via Supreme Scratchaz scratch cards, while non-winning tickets were entered for a surprise raffle, two VIP tickets to the Live and Direc concert featuring Brian McKnight, a signature SVL touch that reflects the brand’s ongoing commitment to customer delight.
Resilient Performance Despite Adversity
SVL reported gross ticket sales of J$107 billion in 2024, a J$54 million increase over 2023, signaling sustained demand for the company’s gaming products. This performance came despite Hurricane Beryl, which disrupted operations across the island’s southwestern region and impacted overall economic activity. Due to these disruptions, SVL recorded a 27.26% decrease in net profit at year-end.
Nevertheless, the start of 2025 brought renewed momentum. The company posted a net profit after tax of J$500 million in the first quarter, a 40% increase compared to the same period in 2024. Gross profit also rose by J$190 million, totaling J$3.1 billion, thanks to continued growth in gaming revenues.
Innovation and Integration Drive Digital Growth
Chairman Gary Peart outlined the company’s multi-pillar growth strategy, anchored by continuous innovation, global expansion, and enhancing shareholder value. SVL further cemented its leadership position in the gaming sector with the integration of all lottery, numbers, horse racing, and sports betting products into SV Games, a single, seamless digital platform delivering gaming at customers’ fingertips.
Significant strides were made through SV Fintech, the company’s technology and financial services arm. 2024 saw the expansion of the Evolve suite of products:
- Evolve Bill Pay
- Evolve Money Transfer
- Evolve Lend, offering microfinance loans
The company also revealed plans to launch a WhatsApp Loan product via Evolve Loan Co., bringing convenience to the next level for everyday Jamaicans.
In addition to its operational achievements, SVL also announced a number of leadership appointments across the Group’s subsidiaries, underscoring its ongoing focus on strengthening governance and execution capacity.
- Tanya Smith-Anderson was appointed Senior Vice President – People and Corporate Services at Supreme Ventures Limited.
- Danielle Douglas was named General Manager of Post to Post Betting Limited.
- Krista-Gaye Fisher assumed the role of Chief Executive Officer at Supreme Ventures Services Limited.
- Stefan Miller was appointed Chief Executive Officer of Supreme Ventures Gaming Limited.
These appointments highlight SVL’s commitment to empowering a strong, agile leadership team to drive the Group’s continued innovation, operational efficiency, and regional expansion.
Investments in Local and Global Markets Pay Off
SVL’s investments and product development at Caymanas Park continue to deliver impact with events like the prestigious Mouttet Mile Invitational and the creation of 95 new millionaires in 2024 alone, with payouts to punters totaling J$6.4 billion. Despite these successes, Caymanas Park remains unprofitable. SVL reiterated its position that full divestment of the Park to the company would enable a more robust modernization plan and path to profitability.
On the international front, iBet SV Ghana crossed a major milestone by becoming profitable within just 18 months, a testament to SVL’s bold strategy and proprietary technology. Executives revealed that Ghana is on track to surpass Jamaica in profitability within two years if the trajectory holds, showcasing the potential of Jamaican talent and ingenuity on a global stage.
Delivering Strong Value to Shareholders
SVL remains one of the top-performing stocks on the Jamaica Stock Exchange and has continuously delivered dependable returns to shareholders. In 2024, the company paid dividends of 68 cents per share, with a total payout of J$1.64 billion. This commitment to shareholder value is supported by a new 30+ year gaming license extension, which will unlock even greater opportunities for product development and market expansion in the years ahead.
Supreme Ventures Foundation – Building a Nation
2024 was also a standout year for the Supreme Ventures Foundation (SVF), the philanthropic arm of the company. From disaster relief to youth empowerment, SVF remained deeply committed to creating a lasting legacy of social transformation across Jamaica.
In 2024, the Supreme Ventures Foundation (SVF) deepened its commitment to national development and community care through a series of impactful initiatives. In response to Hurricane Beryl, SVF partnered with Food for the Poor to deliver over 500 care packages to affected families in St. Elizabeth. The Foundation also continued its Supreme Heroes entrepreneurship program, crowning Anesha Miller as the 2024 champion and launching its third cohort to support small business owners. As part of its educational outreach, SVF participated in Read Across Jamaica Day, reaching hundreds of students, and hosted the Junior Creators Robotics Camp, which introduced over 100 children, including 50 from state care, to the world of STEM.
One of the year’s most unforgettable moments was the Dream Supreme charter flight, which gave 100 children and 20 caregivers from state care a once-in-a-lifetime experience, inspiring them to dream without limits. The Foundation also advanced its 20th Anniversary Scholarship Program, providing university students with mentorship and financial literacy training, while its annual Back-to-School Dental Clinic and spa day for parents and guardians offered vital care and well-being support to families in need.
A Future-Ready Company, Powered by People and Purpose
Looking ahead, SVL promises even greater focus on digital transformation, powered by proprietary platforms, strategic leadership, and the passion of its people. With all KPIs trending upward, a robust product pipeline, and new markets on the horizon, 2025 is shaping up to be another record-breaking year. “We are very proud of how the business performed in 2024, and the first quarter of 2025 shows we are heading in the right direction,” said Chairman Peart. “This team continues to rise to the challenge. Our infrastructure is stronger, our reach is growing, and our impact is deeper. We’re not just growing, we’re evolving.”