Port Louis-based ABCB Holdings Limited reported a substantial earnings jump for the year ended June 30, 2026, propelled by double-digit balance sheet growth, higher banking margins, and robust foreign exchange income. The performance enabled the financial services group to declare an equity dividend, cementing its post-reorganisation recovery.

Net interest income surges, driving earnings recovery

The Mauritian financial services group posted a consolidated net profit of MUR240.4 million ($5.07 million) for the year ended June 30, 2026, up from MUR64.17 million ($1.35 million) in the prior period, according to its audited financial statements. Pre-tax profit rose to MUR354.7 million ($7.48 million) from MUR85.92 million ($1.81 million) recorded a year earlier.

The stronger performance allowed the board to distribute an equity dividend of MUR68.64 million ($1.45 million), with basic and diluted earnings per share rising to MUR 3.15 from MUR 0.84. Total operating income expanded to MUR1.11 billion ($23.38 million) from MUR232.6 million ($4.91 million), anchored by net interest income, which reached MUR832.35 million ($17.56 million) and accounted for 75 percent of total operating income.

Trading and fees bolster revenue; operating costs rise

Non-interest revenue streams provided strong secondary support to the group’s top line. Net trading income, primarily powered by foreign exchange transactions, climbed to MUR194.22 million ($4.1 million) from MUR30.74 million ($648,400), while net fee and commission income rose to MUR82.45 million ($1.74 million) from MUR21.47 million ($452,800).

Non-interest expenses totaled MUR723.63 million ($15.26 million), up from MUR148.73 million ($3.14 million) in 2025, driven by personnel costs of MUR396.62 million ($8.37 million) and administrative overheads. Operating profit before impairment reached MUR384.69 million ($8.11 million), while credit impairment charges stood at MUR30.01 million ($633,000).

ABCB Holdings expands balance sheet; deposits climb

ABCB Holdings operates as the holding company for ABC Banking Corporation Ltd, delivering retail, corporate, and international banking services. The group maintained a Capital Adequacy Ratio of 16.1 percent, well above regulatory thresholds.

Total assets grew 25.8 percent to MUR41.69 billion ($879.46 million) as of June 30, 2026, from MUR33.14 billion ($698.99 million) a year earlier, supported by customer loans rising to MUR19.08 billion ($402.41 million). Customer deposits climbed to MUR36.58 billion ($771.56 million) from MUR28.84 billion ($608.39 million), while total equity advanced to MUR2.79 billion ($58.92 million), underscoring the group’s solid capital base.