Context: How Jamaica Stock Exchange works, and what it makes issuers disclose · Jamaica on the LatAm Power Map
KLE Group began as a Kingston nightclub venture and spent fifteen years shapeshifting — through restaurants, Usain Bolt branding, and beach parties — before landing, finally, on real estate. In 2025 it posted its first profit since 2022, built entirely on a luxury resort on Jamaica’s north coast.
| Full name | K.L.E. Group Limited |
|---|---|
| Ticker / exchange | KLE — Jamaica Stock Exchange (Junior Market) |
| Headquarters | Kingston, Jamaica |
| Sector | Real estate & property management |
| Employees | ~105 (PitchBook; not formally disclosed in 2025 filing) |
| Market value (market cap) | JMD 92.0 million / USD 587,000 (our calculation, at JMD 0.92/share) |
| Yearly sales (revenue) | JMD 78.79 million / USD 503,000 — FY ended Dec 31, 2025 |
| Net profit | JMD 2.97 million / USD 19,000 — FY 2025 (first profit since 2022) |
| Gross margin | 80.9% (our calculation: JMD 63.76M gross profit ÷ JMD 78.79M revenue) |
| Net profit margin | 3.8% (our calculation: JMD 2.97M ÷ JMD 78.79M) |
| Return on equity | Not meaningful — shareholders’ deficit of JMD 11.57 million |
| Price-to-earnings | Negative / not applicable (EPS JMD 0.03; prior years loss-making) |
| Dividend yield | Nil — no dividend paid |
| Website | klegroupltd.com |
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What it is
K.L.E. Group Limited was formed on September 15, 2008, under the name Kingston Live Entertainment, conceived by its founding directors to capitalise on the entertainment and lifestyle business.
The company began as a nightclub operator but has now settled into real estate and property services as its principal business activity.
Today, KLE earns property management fees from the Bessa Project in Oracabessa, St Mary, and its subsidiary Bessa Resort Management Limited (BRML) also sells furniture packages for the property’s 86 luxury residences. KLE holds a 25% stake in the Bessa Project, accounted for as a joint venture.
Who owns it
Joseph Bogdanovich is KLE’s largest shareholder, holding 23.17% of the company. The company was founded in 2008 by seven entrepreneurs — Kevin Bourke, David and Stephen Shirley, Gary and Tina Matalon, Craig Powell, and Zuar Ard Jarrett.
KLE listed on the Junior Market of the Jamaica Stock Exchange on October 23, 2012, raising JMD 99.90 million at JMD 3.70 per share. The precise breakdown of remaining founding-family stakes and the public free float are not disclosed in available sources.
Who runs it
David A. Shirley serves as Chairman of the Board.
Both KLE and Jamaica Coffee Corporation Limited are chaired by Shirley.
A named CEO or CFO is not disclosed in available sources; the company is small enough that the chairman appears to be the primary public voice of management.
The money, in plain words
For the twelve months ended December 31, 2025, KLE reported revenue of JMD 78.79 million (USD 503,000), generated primarily from property management fees of JMD 18.82 million and furniture package sales of JMD 59.97 million, compared to no revenue at all in 2024. For a company this size, going from zero to JMD 78.79 million in a single year is the entire story.
Cost of sales was JMD 15.03 million, yielding a gross profit of JMD 63.76 million — meaning it keeps about 81 cents of every revenue dollar before overhead, a gross margin of 80.9% (our calculation), reflecting a largely fee-based model. The net profit of JMD 2.97 million (USD 19,000) was KLE’s first profitable year since 2022, though it was supported by a JMD 4.71 million adjustment from discontinued restaurant operations.
Shareholders’ equity is still in deficit at JMD 11.57 million negative (meaning the company’s debts technically exceed its book assets), an improvement from a JMD 14.26 million deficit in 2024. The company holds JMD 45.29 million in cash against JMD 67.69 million in debt, a net debt position of JMD 22.40 million (USD 143,000) (our calculation).
What it is doing now
KLE’s associate company FranJam — which holds the Tracks & Records restaurant brand — suffered a severe setback when its Montego Bay location was extensively damaged by a fire in November 2025, causing FranJam’s net loss to spike roughly fourfold to JMD 39.21 million. KLE’s share of that loss, combined with finance costs, pushed it to a loss from continuing operations of JMD 10.10 million in finance charges alone.
Bessa Resort Management Limited plans to drive villa occupancy through partnerships with global booking platforms, and is also in the process of securing a 40-year land lease to expand resort amenities, including a restaurant.
What to watch
- Bessa unit sales and rental yield. Total assets grew 20% to JMD 150.23 million, driven by a 159% increase in assets held for sale — JMD 70.46 million in furniture and fixtures for the 86 Oracabessa units. Turning those into cash or rental income is the company’s central execution risk.
- FranJam fire recovery. Interest in franchising the Tracks & Records restaurant brand is described as both local and international, with a post-COVID revamp underway. Whether that survives the Montego Bay fire will shape whether KLE’s 49% stake in FranJam becomes an asset or a drag.
- Shareholder deficit. Until equity turns positive, the balance sheet constrains KLE’s ability to borrow or attract institutional investors — the margin for error is thin.
- Ownership transparency. With no disclosed CEO and a majority of shares unaccounted for publicly, governance clarity will be a precondition for any serious capital raise.
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Sources
- Jamaica Stock Exchange filing — K.L.E. Group Limited Audited Financial Statement, Year Ended December 31, 2025 (published April 16, 2026)
- Mayberry Investments Limited analyst note — KLE reports twelve months net profit of $2.97 million (April 2026)
- Jamaica Observer — KLE completes pivot to real estate (April 22, 2026)
- KLE Group company website — About / founding history
- Jamaica Gleaner — KLE chairman lays out new direction (June 23, 2023)
- Jamaica Observer — K.L.E. Group reshaping future (December 3, 2023)
- Market data: EODHD; FX rate 1 USD = 156.69 JMD as supplied.
This is news, not investment advice.
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