LOM Financial announced full-year 2025 profits of $4.77 million, or 97 cents a share, largely unchanged from 2024, and representing a 10 per cent net return on equity.

The investment firm reported that while revenues improved across its asset management and broking divisions, higher expenses — particularly related to staffing — dampened overall gains.

In a Bermuda Stock Exchange filing, Scott Lines, LOM’s chief executive officer, attributed the increased costs primarily to expanded sales staffing, which drove up both compensation and commission expenses during the year.

When exceptional gains and losses are excluded, underlying operating profits declined by 11 per cent year-on-year from $4.08 million to $3.67 million.

LOM’s total revenues rose by 9.8 per cent to $24.23 million, supported by a 13 per cent increase in management fees to $9.97 million, and a 9 per cent rise in broking fees to $7.31 million. Foreign exchange revenues rose 31 per cent to $0.69 million.

Net interest earnings declined by 11 per cent to $3.4 million. Meanwhile, gains from securities held in inventory showed a profit of $1.09 million.

Total operating expenses increased by 12 per cent to $19.36 million. Employee compensation rose 13 per cent to $6.62 million, while commission and referral fees grew 9 per cent to $6.61 million.

Assets under administration rose to $2.1 billion at the end of 2025, up nearly 17 per cent from $1.8 billion a year earlier.

LOM also reported net equity of $46.42 million. Cash and cash equivalents totalled $24.36 million and the company’s book value stood at $9.48 per share at year-end.

LOM Financial Group provides brokerage, custody, and asset management services to clients globally, with operations in Bermuda, the Bahamas, the Cayman Islands, and Britain.

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LOM Financial Release