Sun Limited, the Mauritius-based hospitality group, reported a solid rise in profitability for the first quarter ended Sept. 30, 2026, supported by higher hotel revenue, robust room yields, and disciplined cost control. The resilient performance came despite lower occupancy and ongoing renovation works at its Ambre Resort, underscoring strong underlying demand for its properties.

Profit rises on strong hospitality earnings

The leading resort operator, headquartered in Mauritius and listed on the Stock Exchange of Mauritius, reported a net profit of MUR266.31 million ($5.63 million) for the quarter ended Sept. 30, 2026, up 10.3 percent from MUR241.45 million ($5.1 million) recorded in the corresponding period of 2025, according to its latest abridged financial statements. Profit before tax advanced to MUR359.96 million ($7.61 million) from MUR324.57 million a year earlier.

The improved bottom line lifted basic and diluted earnings per share to MUR1.46 from MUR1.26. Operating profit edged higher to MUR377.15 million ($7.97 million) compared with MUR375.03 million ($7.93 million), supported by lower net finance costs of MUR14.09 million ($297,802) versus MUR50.27 million ($1.06 million) previously. Total revenue stood at MUR1.51 billion ($31.97 million) compared with MUR1.67 billion ($35.39 million) a year earlier, with the prior-year topline having been bolstered by one-off real estate sales.

Hotel operations anchor revenue; room yields expand

Hotel operations remained Sun Limited’s primary revenue driver, rising to MUR1.49 billion ($31.43 million) from MUR1.36 billion ($28.66 million), fueled by an 11.3 percent expansion in Revenue per Available Room (RevPAR). Segment net profit after tax from hotel operations climbed to MUR263.77 million ($5.57 million) from MUR198.01 million ($4.19 million). By contrast, real estate recorded no revenue during the period compared with MUR293.19 million in the prior year, generating a modest net profit of MUR1.85 million against MUR38.86 million.

Operations in Mauritius generated MUR1.49 billion ($31.43 million) in revenue, compared with MUR1.65 billion ($34.86 million) in 2025, while other operations contributed MUR25.36 million versus MUR24.9 million. The performance mirrored broader momentum in the island’s tourism sector, where tourist arrivals increased by 7 percent year-on-year to 373,770, led by key European source markets including France, the United Kingdom, and Germany.

Sun Limited’s expansion lifts assets, cuts net debt

Sun Limited remains one of the Indian Ocean’s premier hotel and leisure groups, operating iconic luxury resorts across Mauritius. The group is set to expand its footprint with the commercial launch of La Pirogue Residences under the Estella brand on Dec. 1, 2026, alongside the full reopening of 148 newly renovated rooms at Ambre Resort.

As a result of the steady performance, the company’s balance sheet continued to strengthen. Total assets grew to MUR15.81 billion ($334.12 million) as of Sept. 30, 2026, from MUR15.32 billion ($323.73 million) as of June 30, 2026. Total equity increased to MUR8.58 billion ($181.36 million) from MUR8.32 billion ($175.88 million), while net debt dropped to MUR1.05 billion ($22.25 million) from MUR1.22 billion ($25.75 million), bringing the gearing ratio down to 10.9 percent from 12.8 percent and highlighting the group’s prudent capital management.