17 CONSOLIDATED FINANCIAL STATEMENTS 2025 or 1.6 percent and $344.7 thousand or 1.2 percent respectively. Consumer loans declined by $29.2 million or 4.4 percent. The Group remained highly liquid with total cash resources of $462.9 million compared to $424.4 million in the prior year, representing in an increase of $38.5 million or 9.1 percent. Asset quality: The Group’s non-performing loans decreased by $19 million in 2025 compared to the prior year’s increase of $2.4 million. Despite an overall decline in the loan portfolio of $23.5 million, the decrease in the delinquent portfolio contributed greatly to the overall decrease in the Group’s delinquency ratio from 14.6 percent at the end of March 31, 2024 to 13.5 percent at the end of March 31, 2025. The Group continues to enhance it’s approach to delinquency management and seeks to provide tailored solutions to it’s members to ensure loan facilities are adequately funded. For members seeking relief, we continue to offer the below options: • extending loan terms for greater flexibility • consolidating debt to simplify repayment Liabilities: The Group’s liquidity position continues to be strong and is primarily driven by the continued growth in the Group’s cash resources and the management of its working capital. Deposit growth remained steady over the period, rising by $35.9 million or 2.1 percent. The Group upholds a liquidity buffer to fully meet statutory reserve requirements while maintaining a designated percentage to cover on-demand deposits and ensuring a guaranteed percentage for loan commitments. At March 31, 2025 the Group’s held cash and cash equivalents of $427.1 million as compared to the prior fiscal of $395.4 million. The Group’s operations are currently 100 percent funded by its members and customers deposits. During the fiscal under review all external debt held by the Group in relation to its subsidiary CAPITA were fully repaid, the amounts at March 31, 2024 totaled $1.2 million. Equity: As at March 31, 2025, the Group’s total equity rose to $198.6 million, representing an increase of $3.2 million or 1.6 percent. This increase included the new issue of 93.5 thousand (2024 - 86.3 thousand) member shares at a total value of $467.5 thousand (2024 - $431.6 thousand) and the distribution of $2.7 (2024- $2.8) million in dividends and interest rebates to members during the year. The Group’s capital adequacy ratio remained in line with the 10 percent regulatory requirement. This ratio is a key measurement relative to the Group’s ability to absorb market shocks and as such is monitored on an ongoing basis. Ecomonic Outlook 2025 fiscal As we look to the future, it is clear that a return to normalcy in the financial services sector in which we operate is not as close as would wish. Persistent inflation and geopolitical uncertainties are creating economic headwinds globally, making it necessary for us to navigate these realities while managing the unique dynamics of our tourism-dependent economies, which are always impacted by such uncertainties, against an increasingly stringent and unforgiving regulatory regime. Delinquency Ratio Loa s to members 1 Delinquency Ratio Delinquency Ratio Loans to members 1 Cash and Equivalents
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