IBL Group, the Port Louis-based diversified conglomerate, delivered a 13.2 percent increase in full-year revenue to MUR124.3 billion ($2.6 billion) for the financial year ended June 30, 2026, driven by broad-based expansion across all operating clusters, operational gains in retail, and steady deleveraging. Operating profit climbed 13.7 percent to MUR8.35 billion ($174 million), underscoring resilient commercial performance despite regional macroeconomic headwinds.

Operating earnings rise as retail and services expand

The Mauritian conglomerate, headquartered in Port Louis with regional operations spanning East Africa and the Indian Ocean, posted an operating profit of MUR8.35 billion ($174 million) for the year ended June 30, 2026, up from MUR7.34 billion ($152.5 million) in 2025, according to its audited abridged financial statements. Profit before taxation rose 15.6 percent to MUR5.26 billion ($109.3 million), compared with MUR4.55 billion ($95 million) recorded a year earlier.

The group’s profit from continuing operations increased 15 percent to MUR3.51 billion ($73 million) from MUR3.06 billion ($63.6 million) in 2025. Total profit for the year stood at MUR4.1 billion ($85.2 million), compared with MUR4.98 billion ($103.5 million) in the prior period, primarily reflecting a lower contribution from discontinued operations of MUR584.93 million ($12.7 million) versus MUR1.93 billion ($40.1 million) previously. Revenue climbed to MUR124.26 billion ($2.6 billion) from MUR109.72 billion ($2.27 billion), supported by disciplined cost management that helped lower net debt to EBITDA to 2.9 times from 3.8 times.

Retail anchors top line; consumer brands and hospitality advance

Retail remained IBL’s largest commercial segment, generating MUR60.95 billion ($1.26 billion) in revenue, up from MUR54.99 billion ($1.14 billion) in 2025, while segmental operating profit jumped 31.9 percent to MUR2.72 billion ($56.5 million). Growth was anchored by Kenya-based supermarket chain Naivas, which expanded its footprint to 114 stores from 109, alongside solid store additions and renovations across Winners outlets in Mauritius. Consumer Brands & Distribution saw turnover advance to MUR30.54 billion ($634.5 million) from MUR25.9 billion ($538.1 million), delivering MUR2.28 billion ($47.4 million) in operating profit.

The Services cluster posted a revenue increase to MUR19.55 billion ($406.2 million) from MUR17.22 billion ($357.7 million), with operating profit advancing to MUR3.21 billion ($66.7 million) from MUR2.61 billion ($54.2 million), buoyed by strong occupancy and RevPAR gains at Lux Island Resorts, steady performance at The Lux Collective, and expansion across financial services. Industrials generated MUR20.19 billion ($419.4 million) in turnover, up from MUR18.3 billion ($380.2 million), driven by shipbuilding activity at Chantier Naval de l’Océan Indien and agro-industrial volume gains at Miwa and Alteo.

IBL Group’s operational momentum expands assets, equity base

IBL Group remains one of the Indian Ocean’s largest corporate groups, managing diversified operations across retail, financial services, consumer goods, healthcare, hospitality, logistics, agro-industry, and energy. It declared a total dividend distribution of MUR578.19 million ($12 million) to owners of the parent for the year, up from MUR516.97 million paid in 2025.

Reflecting the group’s consistent operational expansion and strategic investments, total assets grew to MUR151.09 billion ($3.13 billion) as of June 30, 2026, compared with Rs142.81 billion ($2.96 billion) a year earlier. Total equity strengthened to MUR52.56 billion ($1.09 billion) from MUR44.29 billion ($920.2 million), while equity attributable to owners of the parent rose to MUR25.26 billion ($524.9 million) from MUR21.78 billion ($452.6 million), highlighting sustained balance sheet resilience across its core regional markets.