The CIEL Group has announced a net profit after tax of Rs 4.3 billion for the year ending June 30, 2026. This achievement is attributed to the strength of its diversified portfolio and the sustained contribution from several of its business segments. The group's revenue increased by 8% to Rs 41.2 billion, driven by the good performance of its Hospitality segment, continuous growth in Health activities in Mauritius and Uganda, improved banking revenues in the Finance segment, and sustained momentum in textile operations in India.
The group's EBITDA stood at Rs 8.5 billion, up 18%, with a margin of 20.6%, reflecting the solid operational performance of its Hospitality, Finance, Health, and Real Estate segments, as well as the maintained operational discipline across its portfolio. The net profit after tax increased by 13% to Rs 4.3 billion, driven by the operational growth of most of the group's activities. The profit attributable to shareholders was Rs 2.3 billion, up 4%, or a profit per share of Rs 1.33.
The Hospitality segment delivered a solid performance despite a challenging environment marked by tensions in the Middle East that affected the tourism industry. The growth of Sunlife was driven by improved average rates, good cost control, and the completion of the La Pirogue Residences project. Riveo's Four Seasons Resort Mauritius at Anahita reopened in November 2025 after significant renovations. With investments now finalized and both establishments fully operational, the segment is well-positioned to continue growing.
The Textile segment continued to progress in India, where woven activities maintained sustained growth, driven by a higher order book, further consolidating the country's position as a long-term growth driver. Asian operations improved their profitability during the year, helping to mitigate the impact of weaker demand and reduced industrial activity in regional operations. The renewal of the AGOA has also removed a significant source of uncertainty for regional activities, providing a more favorable framework for actions taken to reposition them.
The Finance segment recorded a good performance during the year, driven by the continuous growth of BNI Madagascar. The bank benefited from increased customer activity, an expanded depositor base, and more favorable financing conditions, supporting the growth of its results. At Bank One, the contribution was moderate during the year due to a higher level of IFRS 9 provisions and changes in the tax regime applicable to Mauritian banks.
The Health segment maintained sustained growth throughout the year, with continuous progress in its activities in Mauritius and Uganda. In Mauritius, the increase in activity was supported by investments made in recent years to modernize infrastructure, increase capacity, and enrich the service offering within the hospital and diagnostic network. In Uganda, the activity continued to grow, driven by the ongoing development of the health platform in the country.
CIEL Group's Chief Executive, Guillaume Dalais, stated that investments in health, hospitality, and medical device manufacturing are opening up new growth prospects in the markets where they operate. The group remains fully committed to executing its strategy, generating cash, and disciplined capital management. A dividend of Rs 0.35 per share was declared for the year ending June 30, 2026.
Key points
- CIEL Group reports a net profit after tax of Rs 4.3 billion for 2026.
- The group's diversified portfolio and sustained contribution from several business segments drive the growth.
- The group maintains a balanced financial structure, with a debt-to-equity ratio of 29.6%.
