Kingston, Jamaica – Limners and Bards Limited (The LAB) has released its unaudited financial statements for the first quarter ended January 31, 2025, revealing a period of robust revenue growth and strategic investment.
Key Financial Highlights
- Revenue reached $286.1 million, a 30.4% increase year-over-year, driven by gains in Production and Media revenues.
- Gross profit increased by 13% to $100.5 million, demonstrating continued operational strength.
- Total assets expanded by $178.0 million, reflecting strategic investments in content development.
The Company’s core segments – Media, Production, and Agency – all contributed to the strong quarterly revenue. While revenue growth was led by the Production and Media segments, which have lower margins, the Agency division is expected to rebound by Q3.
LAB has been making strategic investments to position itself for long-term growth. These include:
- Talent acquisition, including the addition of a Chief Business Development Officer.
- Enhanced client service support.
- Expansion into emerging markets.
- Content asset development.
The company’s financial position remains strong, with total assets reaching $1.0 billion, a 19.6% increase from the prior period. Shareholders’ equity also grew to $660.1 million, a 5.8% increase year-over-year.
LAB is focused on capitalizing on the growing demand for diverse and high-quality content. The company is strategically positioned to benefit from increased investment in content by major streaming platforms.
Key elements of their growth strategy include:
- Strategic partnerships to expand distribution.
- FIVE in 25 initiative focused on producing commercially viable films.
- Focusing on high-performing genres such as Christmas and romance.
- Producing content with a unique Jamaican perspective to appeal to a global market.
LAB’s management expressed gratitude to the team, partners, and shareholders for their ongoing support.
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