National Enterprises Limited (NEL) has rebounded to profitability, reporting a TT$254 million profit for the nine months ended June 30th, 2026, compared with a TT$185 million loss in the corresponding period last year.
The investment holding company of the Government of T&T, said the turnaround was largely driven by a TT$199 million positive fair-value movement across its strategic portfolio, while dividend income increased 14 per cent to TT$55.6 million.
Total assets also grew to TT$2.8 billion.
NEL’s General Manager, Charles Maynard, attributed the improved performance to stronger results from the company’s underlying investments.
“I think what we’ve seen is that an increase in the fair value of our underlying assets, which are the companies that do produce the value first, that meant that they were able to take advantage of favourable market conditions as well as the work that they had put in before in terms of tight production, increasing productivity.”
He also highlighted the company’s debt-free position, saying it provides the flexibility to continue rewarding shareholders while pursuing future growth opportunities.
“Throughout all this, our balance sheet has remained debt-free. One of the things that we talk about, that liquidity, that liquidity gives us flexibility. Flexibility to pay dividends, flexibility to make investments, flexibility to look for new assets, flexibility to look for new opportunities.”