Mauritius’ Sun Limited posts nearly $90 million in 2026 half-year revenue

Sun Limited, the Mauritius-based hotel group with properties across the Indian Ocean, reported a substantial increase in its revenue for the first half of its 2026 financial year, reaching nearly $90 million. The growth was driven largely by the surge in real estate revenue, alongside a steady rise in tourist arrivals, underscoring the resilience of the Mauritian tourism industry amid ongoing global political uncertainty.

Figures from the group’s abridged financial results show that Sun Limited’s revenue jumped 49 percent, from MUR2.99 billion ($65.1 million) in the first half of 2025 to MUR4.04 billion ($88 million) in the first half of 2026. Excluding real estate, revenue still posted a notable 12.4 percent increase, reaching MUR3.4 billion ($74 million). The gain was supported by a 10.4 percent rise in RevPAR (Revenue Per Available Room), a key measure in the hotel sector that tracks total room revenue relative to all available rooms, whether occupied or vacant.

Mauritius welcomes more international visitors

The rise in revenue translated into strong profitability. Sun’s profit after tax climbed to MUR874 million ($19 million), up from MUR577 million ($12.6 million) the previous year, of which MUR92 million ($2 million) was linked to real estate activities. Additional taxation for the period amounted to MUR55 million ($1.2 million), compared with the prior year’s one-off corporate climate responsibility levy of MUR22 million ($0.48 million) and the 14th-month bonus of MUR41 million ($0.9 million). The gearing ratio improved to 13.3 percent as of Dec. 31, 2025, down from 16.8 percent in mid-2025, reflecting disciplined financial management.

Tourism data mirrored the company’s financial performance. During the quarter ending December 31, 2025, Mauritius welcomed 428,152 visitors, a 4.3 percent increase from the previous year. France remained the top source market, contributing 26 percent of arrivals, followed by the United Kingdom at 10 percent and Reunion at 9.9 percent. Sun Limited’s first-half results highlight not only the resilience of Mauritius’ tourism sector but also the capacity of a focused hotel operator to translate visitor growth into meaningful revenue and profit gains. With strategic projects underway and a sharpened operational focus, the group is well-positioned to maintain its leadership in the region’s hospitality market.

Sun Limited splits, boosts resort focus

Since its incorporation in February 1983, Sun Limited has grown into a leading hotel operator in Mauritius and the Maldives. Under chairman Guillaume Dalais, who took over in October 2024, the group pursued a strategic demerger, forming two independent entities: Sunlife and Riveo. For Sunlife, this meant a renewed focus on its core strength of owning and operating some of Mauritius’ most iconic beachfront resorts. 

The company’s expansion efforts continued with the management of Anahita Golf & Spa Resort, enhancing its east coast portfolio and creating operational synergies. The La Pirogue Residences project remains on track for late 2026, reflecting Sunlife’s commitment to purposeful growth. Total assets increased from MUR14.36 billion in June 2025 to MUR15.04 billion ($327.3 million) by Dec. 31, 2025, while shareholders’ equity rose from MUR3.77 billion ($82.03 million) to MUR4.99 billion ($108.6 million), underscoring the group’s strengthened position.