JSE Suspends the Trading of Derrimon’s Shares

  • The Jamaica Stock Exchange (JSE) has suspended trading in the ordinary shares of Derrimon Trading Company Limited (DTL) after the company failed to submit its audited financial statements for the year ended December 31, 2025 (FY2025) within the timeframe stipulated under Junior Market rules.
  • According to the JSE, the audited financial statements, which were due on March 2, 2026, became ninety-two (92) days overdue on June 2, 2026, triggering an automatic suspension of trading under Junior Market Rule Appendix 2, Part 4 (2)(e). As a result, investors will be unable to trade DTL shares until the company files the outstanding audited results and the suspension is lifted.
  • The suspension follows an earlier disclosure by Derrimon that the release of its FY2025 audited financial statements would be delayed after matters requiring further review were identified during the year-end audit process. The company indicated that questions arose regarding information generated from its Enterprise Resource Planning (ERP) system, prompting its external auditors to engage specialist resources to conduct additional assessments.
  • Management stated that the review is intended to determine the nature, extent, and potential impact of the issues identified and that the Board considered it prudent to complete the process before releasing the audited financial statements. The company has maintained that its operations remain unaffected and that it continues to work closely with its auditors to finalise the review and complete the audit process.
  • At the time of its delay announcement, Derrimon indicated that it expects to publish its FY2025 audited financial statements by June 30, 2026. Until then, the company's shares are expected to remain suspended from trading on the JSE.
  • Prior to the suspension, DTL's shares closed at J$1.46 on June 2, 2026, representing a year-to-date decline of 9.3%. At that price, the stock traded at a price-to-book ratio of 1.31x, below the Junior Market Distribution Sector average of 3.92x.

(Sources: JSE & NCBCM Research)