Benchmark (Bahamas) Limited

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What it is

Benchmark (Bahamas) Limited is a publicly traded investment company listed on the Bahamas International Securities Exchange whose principal objective is to invest capital in public and private Bahamian companies in order to deliver returns to shareholders.

It has placed money into sectors as varied as biotechnology, financial services, utilities, industrial businesses, entertainment, and insurance — making it, in effect, a sampler of the broader Bahamian economy in a single listed share.

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Who owns it

Not published: the controlling shareholder structure and any ownership percentages are not disclosed on the BISX listing page (bisxbahamas.com/listings/bbl/), and the 2024 audited annual financial statements — which would normally carry a shareholders’ register or a note on significant shareholders — could not be retrieved in their PDF form from the BISX server. The Securities Industry Act of The Bahamas (as administered by the Securities Commission of The Bahamas) requires material shareholding disclosures in annual filings; the filing has been made, but its content is not publicly extractable from available sources at the time of writing.

The company has 4,959,111 shares authorised and issued, all of them common shares, with the free float — the portion genuinely available to outside buyers — unknown without access to the full register.

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Who runs it

Not published: the names of the chair, directors, or any executive officers are not listed on the BISX company page for BBL (bisxbahamas.com/listings/bbl/), and were not found in any open secondary source. The company’s registered address is c/o BDO Mann Judd, Ansbacher House, East Street, Nassau, and its auditors are PKF Chartered Accountants — both are independent service providers, not executives.

The BBL section of the BISX website carries a Chairman’s Report each year; the most recent accessible one is for 2020, but it does not name individuals in retrievable web text.

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The money, in plain words

At the current share price of BSD 2.18 (= US$2.18), the whole company is valued by the market at just over BSD 13.7 million (US$13.7 million) — a market capitalisation that puts it firmly in micro-cap territory. The share price peaked at BSD 2.76 (US$3)over the past 52 weeks before retreating.

The most recently declared dividend is BSD 0.020 (US$0.02)per share, which at today’s price translates to a dividend yield of roughly 0.9% (our calculation) — below what a Bahamian bank deposit would typically pay, so the investment case rests mainly on any gain in the value of the underlying holdings rather than income alone.

Not published: income statement figures (revenue, net profit, net margin, return on equity, price-to-earnings ratio) for fiscal year 2024 were filed with BISX on 7 July 2025 and are contained in the audited annual financials published at bisxbahamas.com/listings/bbl/, but that PDF was not accessible for direct reading during this research session. The Securities Industry Act requires audited financials to be filed annually; BBL complied with that obligation.

Readers seeking exact figures should download the filing directly from the BISX BBL page.

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What it is doing now

Benchmark (Bahamas) Limited published its 2024 audited annual financials on 7 July 2025 — the most recent material event on record for the company. This filing ended what had been a pattern of late submissions: BBL had previously requested and received a second extension to publish its 2023 audited annual financial statements, and had done likewise for its 2022 financials.

The share price tells a quiet story: it held at BSD 2.76 (US$3)for most of 2025 before dropping sharply to BSD 2.18 (US$2)in early February 2026, where it has remained — a fall of about 21% (our calculation) with essentially no trading volume on most days, consistent with a stock that changes hands only rarely.

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What to watch

• Content of the 2024 annual report. The filing is now live on BISX; investors should read it for net asset value, portfolio composition, and any change in the dividend policy.
• The February 2026 price drop. A near-21% decline (BSD 2.76 (US$3)→ BSD 2.18 (US$2)) with negligible volume could signal a single seller clearing a position, or a change in assessed net asset value. The cause is not yet explained in publicly available filings.
• Disclosure quality. BBL has twice required extensions for annual filings (2022, 2023). Timely, readable disclosure is the basic covenant with minority shareholders; the 2024 on-time filing, if it holds as a trend, is a positive signal.
• Portfolio concentration. With positions across biotechnology, financial services, utilities, industrial, entertainment, and insurance, the key unknown is the weight of each sector — whether the portfolio is balanced or largely a bet on one or two Bahamian names.
• Liquidity. Trading volume is near zero on most days. Anyone wishing to buy or sell a meaningful number of shares may move the price significantly, which is a real risk for any investor who needs to exit quickly.

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This is news, not investment advice.