Vivo Energy Mauritius delivered a commanding financial performance for the nine months ended Sept. 30, 2026, with profit after tax surging 79.1 percent to MUR678.07 million ($14.37 million). Strong commercial volume and wider retail margins helped the Port Louis-listed fuel marketer easily outpace foreign exchange headwinds and rising administrative costs.

Operating profit climbed 82.4 percent to MUR850.64 million ($18.03 million), up from MUR466.25 million ($9.88 million) in the prior-year period. Pre-tax earnings rose 82.9 percent to MUR832.47 million ($17.65 million), translating into basic and diluted earnings per share of MUR23.12 ($0.49), compared with MUR12.91 ($0.27) a year earlier.

Third-quarter momentum lifts shareholder payouts

Third-quarter momentum stayed brisk as net profit jumped 45.8 percent to MUR188.66 million ($4 million) from MUR129.38 million ($2.74 million) in 2025. Quarterly operating profit advanced 55.2 percent to MUR244.41 million ($5.18 million), underscoring sustained fuel demand across the Indian Ocean island’s commercial and retail networks.

Flush with stronger earnings, the downstream operator rewarded investors by declaring and paying MUR690.54 million ($14.64 million) in dividends over the nine-month stretch. That payout represents an 80.6 percent increase over the MUR382.36 million ($8.11 million) distributed during the corresponding period in 2025.

Gross margins widen against currency drag

Top-line revenue from customer contracts expanded 17 percent to MUR15.51 billion ($328.85 million), accelerated by a 26.6 percent third-quarter jump to MUR5.67 billion ($120.23 million). Because sales growth outpaced procurement costs, nine-month gross profit climbed 41 percent to MUR1.42 billion ($30.19 million), lifting gross margins from 7.61 percent to 9.18 percent.

Those wider operating margins absorbed steep currency and financing pressures. Net foreign exchange losses hit MUR14.51 million ($307,632), reversing a MUR292,000 ($6,190) gain in 2025, while net finance costs rose 42.8 percent to MUR22.48 million ($476,511). A 61.3 percent jump in other income to MUR79.82 million ($1.69 million) softened the blow.

Operating cash flow stages sharp turnaround

Cash generation staged a dramatic recovery, swinging from a MUR442.04 million ($9.37 million) operating outflow in 2025 to a net inflow of MUR773.84 million ($16.41 million). Higher pre-tax profits and a MUR521.92 million ($11.06 million) rise in trade payables funded MUR138.77 million ($2.94 million) in capital expenditures.

Working capital expansion also reshaped the balance sheet as total assets grew 14.7 percent from December 2025 to MUR5.49 billion ($116.45 million). Inventories surged 51 percent to MUR1.14 billion ($24.27 million) and receivables climbed 22.8 percent to MUR1.54 billion ($32.74 million), leaving total equity at MUR1.18 billion ($25.03 million) after dividends.