ER Group has announced its first full financial year results since the merger of ENL and Rogers, with an after-tax profit of Rs 5.4 billion, excluding non-recurring items, for the period ending 30 June 2026. The company's turnover remained stable at Rs 46.3 billion on a like-for-like basis. This financial performance is significant as it reflects the combined strength of the newly formed corporate giant.
The company's EBITDA reached Rs 12.6 billion, marking a 10% increase compared to the previous financial year. This growth was primarily driven by robust performance across hotel operations, which effectively offset a downturn in new vehicle sales. The management highlighted that this achievement demonstrates the group's diversified portfolio's resilience and ability to adapt to market fluctuations.
ER Group's net profit, including non-recurring items, climbed to Rs 7.4 billion. This increase was bolstered by Rs 2 billion in net non-recurring items, primarily stemming from the consolidation of New Mauritius Hotels Ltd (Beachcomber) as a subsidiary. The group's gearing ratio improved to 45%, and the net asset value per share rose from Rs 61.98 to Rs 73.57, indicating a stronger financial position.
The company has proposed a total dividend of Rs 1.38 per share for the financial year, totalling Rs 664 million. This move reflects the group's commitment to delivering shareholder value. ER Group's diverse portfolio includes various operational developments and regional expansions across its businesses, showcasing its growth strategy.
During the year, ER Group achieved several operational milestones. ER Agri expanded its tea plantations to 30 hectares, while Axess integrated XPENG electric vehicles into its automotive lineup. Moka City inaugurated the Moka Rangers Sports Club, and Ascencia teamed up with Alteo to break ground on the Mall de Flacq. These developments highlight the group's focus on enhancing its offerings and presence in Mauritius.
ER Group also made significant strides internationally, establishing a representative office in Nairobi and setting up a Rs 1 billion co-investment vehicle dedicated to backing its African subsidiaries. Additionally, Beachcomber inked an agreement to acquire Zuri Zanzibar, pending final regulatory approvals. These moves underscore the group's ambitions for growth beyond Mauritius.
With operations across 17 territories, ER Group currently employs nearly 13,000 people. The company's diversified businesses and strategic expansions position it for continued growth and success in the region. As ER Group continues to evolve, its financial performance and operational developments will be closely watched by stakeholders and investors alike.
Key points
- ER Group reports a stable turnover of Rs 46.3 billion and an after-tax profit of Rs 5.4 billion for the financial year ending 30 June 2026.
- The company's EBITDA reached Rs 12.6 billion, marking a 10% increase compared to the previous financial year.
- ER Group proposes a total dividend of Rs 1.38 per share for the financial year, totalling Rs 664 million.
