Lux Island Resorts Limited posted a 4.5 percent rise in first-quarter net profit to MUR76.26 million ($1.61 million), navigating flight disruptions and cost pressure across the Indian Ocean. Total revenue for the quarter ended Sept. 30, 2026, climbed to MUR2.45 billion ($52 million), driven by robust leisure bookings and premium room rates.

Pretax profit edged up to MUR 113.44 million ($2.4 million), while basic earnings per share rose to MUR0.56 ($0.012) from MUR0.53 ($0.011). Diluted EPS advanced to MUR0.48 ($0.01). Normalized EBITDA dipped slightly to MUR432.31 million ($9.14 million) as higher payroll expenses and local inflation squeezed operating margins.

Island bookings drive growth

Mauritius remained the primary growth engine for the Floréal-based company, delivering MUR1.8 billion ($38.17 million) in revenue compared with MUR1.72 billion ($36.27 million) last year. Flagship domestic properties posted an 89 percent occupancy rate, lifting average daily rates by 7 percent and revenue per available room by 6 percent.

Réunion Island generated MUR243.88 million ($5.16 million) in top-line receipts, up from MUR229.46 million ($4.85 million). The operator’s LUX* Saint Gilles location notched an 80 percent occupancy mark, translating into a 5 percent RevPAR gain as regional traveler demand held firm heading into the peak holiday season.

Maldivian margin pressures mount

The Maldives unit generated MUR400.04 million ($8.46 million) in revenue, up from MUR392.07 million ($8.29 million). Pricing power remained resilient at LUX* South Ari Atoll, where average daily rates jumped 17 percent and RevPAR gained 9 percent, underscoring affluent traveler appetite for luxury overwater villas.

Heightened operational costs and geopolitical tensions in the Middle East rattled regional flight routes, eroding regional profitability. The Maldivian segment recorded an operating loss of MUR24.79 million ($524,000), deepening sharply from an operating loss of MUR1.43 million ($30,000) reported in the prior-year period.

Balance sheet gains muscle

Total assets expanded to MUR20.71 billion ($438 million) from MUR18.87 billion ($399 million) a year earlier. Total equity rose to MUR10.62 billion, pushing net asset value per share to MUR77.48 ($1.64) from MUR 67.03 ($1.42) as asset valuations improved.

Net operating cash flow totaled MUR 541.39 million ($11.45 million), lifting the group’s ending cash reserves to MUR 1.18 billion ($24.97 million). The stronger liquidity buffer provides flexibility for ongoing debt reduction as parent group IBL steers strategic expansion across key Western Indian Ocean tourism markets.