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ONE Caribbean Media Ltd reported a net profit before tax and share of profit of $15.4 million (US$2.3 million) for the nine months ended September 30, 2024, representing a 13% increase compared with the corresponding period last year. OCM’s consolidated financial statements show revenue of $221.4 million for the nine months ended September 30, 2025, largely in line with the previous year’s corresponding period. “The Group’s diversified portfolio has assisted with buffering market and business segment challenges,” OCM chairman Faarees Hosein stated. “The performance of our Non-Media portfolio remained strong, with consistent revenue and profitability growth being delivered by our investments in Information Communications Technology, Manufacturing and Real Estate. In Barbados, our Media assets performed creditably and delivered growth,” Hosein stated. Hosein said that in Trinidad and Tobago, OCM’s media assets faced a “softening” in the advertising market, which has impacted top-line performance. “As such, management is taking the necessary steps to reset the cost base and ensure that the business is able to capitalise on any market recovery,” Hosein stated. Hosein said that across the group, process optimisation, tighter operational controls, and productivity enhancements have been achieved, while maintaining the company’s commitment to quality and reliability. “As we look to the final quarter of the year, we are confident, given the experience and dedication of our team, that we have the ability to navigate the current challenges and position the Group for continued long-term success,” Hosein said. “The Board extends its sincere appreciation to the management and staff, our customers and stakeholders for their continued trust and support and is pleased to declare an interim dividend of $0.02 which will be paid on December 10, 2025,” he said. The Express newspaper and CCN TV6 are part of the OCM group.
