Concilium Ltd, a Bermudian-incorporated investment holding company listed on the Bermuda Stock Exchange, has reported stronger revenues for 2024, while maintaining a healthy profit position.

The company, chaired by Bermudian businessman, James Watlington, recorded turnover of $4.2 million for the year ended December 31, up from $3.1 million in 2023. Net income came in at $1.66 million, slightly down from the prior year’s $2 million, but still contributing to an increase in total equity, which rose to $9 million from $7.3 million.

Concilium lists its headquarters as the now-demolished Belvedere Building on Pitts Bay Road. The company operates through a range of subsidiaries spanning fiduciary services, technology and property.

The group ended the year with $6.5 million in cash, compared to $17.7 million a year earlier, reflecting investments across its portfolio. No dividend was declared.

Mr Watlington leads a board that also includes RJ Beale and TL Craig. The company continues to be regulated by the Bermuda Monetary Authority through its BSX listing.