Kintyre Holdings (JA) Limited

What it is

Kintyre Holdings was formerly known as iCreate Limited — a digital training and e-commerce company — and took its current name in October 2024, while still providing technology integration and outdoor digital-billboard advertising through subsidiaries.

Today it operates across five divisions: media and advertising (led by outdoor-billboard unit Visual Vibe), skills training (the iCreate Institute), fintech and e-commerce (the GetPaid payments platform), hospitality (Sevens Restaurant & Lounge in Kingston), and real estate development anchored by The Chalet beachfront project in Discovery Bay, St. Ann.

Who owns it

Founder Tyrone Wilson holds 597 million shares — equivalent to 62.87% of the company — through direct holdings and connected interests, making him the unambiguous controlling shareholder.

Within that bloc, Kintyre Holdings Limited (Wilson’s private vehicle) holds 41.87%, while eMedia Interactive Group and AHL (SPV) each hold about 10%, bringing the connected total to roughly 63% — leaving a free float of around 37%.

Who runs it

Tyrone Wilson serves as Chairman and CEO; as of January 2025, Andrew Wildish moved from Chief Financial Officer to Chief Investment Officer, with Ayana Graham promoted to Financial Controller.

The company was incorporated in 2018, and takes its name from the inner-city community of Kintyre in the valleys of Papine, St. Andrew, where founder Wilson grew up.

The money, in plain words

In the full year ended December 2025 Kintyre earned J$271.1M (US$1.73M) in revenue — up 25% from J$216.8M in 2024 — while profit belonging to shareholders surged 173% to J$148.8M (US$0.95M).

For every Jamaican dollar of sales it kept about 55 cents as profit — a net margin of 54.9% (our calculation) — an unusually high figure that reflects holding-company investment gains rather than purely operating margins. It earns roughly J$44 back per J$100 of owners’ equity — a return on equity of about 43.6% (our calculation) — strong by any standard.

As recently as 2023 the company was running at an operating loss of J$101.3M; the return to profitability in 2024 (operating profit J$94.7M) and the leap in 2025 represent a genuine turnaround, not a marginal improvement.

Shareholders’ equity — the owners’ residual stake in the business after all debts — stood at J$341.6M (US$2.18M) at end-2024, with a book value of J$0.36 per share. At the last reported price of J$0.29, the stock traded below that book value — meaning the market was valuing the company at less than the accounting worth of its assets, a price-to-earnings ratio of just 2.28×.

What it is doing now

The single most significant development: a group of principal shareholders holding more than 51% of voting rights — led by Wilson — has disclosed plans to fold their holdings into a newly incorporated United States-based parent company that could pursue a New York Stock Exchange listing, while the JSE-listed entity itself remains unchanged.

In parallel, Kintyre acquired rum brand Kulcha Rum outright in January 2026, secured full regulatory approvals for The Chalet at Bengal Beach, announced a strategic joint venture with Miracle Corporation in December 2025, and acquired further properties while floating the concept of a Kintyre real-estate investment fund.

What to watch

• NYSE restructuring: the vehicle for a potential US listing is the JOBS Act, under which companies with under US$1 billion in annual revenue can qualify as “emerging growth companies,” easing the path to filing with the US Securities and Exchange Commission.
• Margin sustainability: a 55% net margin at this revenue scale depends heavily on non-recurring investment gains; watch whether operating cash flows from Visual Vibe and iCreate Institute can hold up the headline number as the portfolio grows.
• Debt and real estate execution: total assets reached J$970M by September 2025, driven mainly by a 94% surge in plant, property and equipment to J$286M — a rapid build-out that needs careful financing as interest rates stay elevated.
• Governance: with one man controlling nearly 63% of the vote, minority shareholders rely heavily on the independent directors; any board changes merit close attention.

This is news, not investment advice.