The IBL Group has announced its financial results for the year ending June 2026, showcasing a significant 13.2% increase in revenue to Rs 124.3 billion. This growth is accompanied by a 13.7% rise in operating profit to Rs 8.3 billion. The company's EBITDA also saw a notable increase of 13.9% to Rs 14.5 billion. These results mark a substantial milestone for the group, which has undergone significant transformation since its merger in 2016.
The growth was driven by all four clusters of the group, contributing to the overall positive performance. The company's revenue has quadrupled since 2016, from Rs 31 billion to Rs 124.3 billion. Its EBITDA has also seen a significant increase, multiplying by 3.7 from Rs 3.9 billion to Rs 14.5 billion. Furthermore, the proportion of revenue generated outside of Mauritius has risen from 12% to 51%. The group's balance sheet has also expanded, increasing by 3.0 times from Rs 51.1 billion to Rs 151.1 billion.
Over the past five years, the IBL Group has invested over USD 380 million in strategic activities outside of Mauritius. This investment phase has now concluded, and the group is shifting its focus towards integrating its regional activities, driving growth in existing businesses, and improving operational margins and capital returns. The company aims to achieve this while navigating a challenging macroeconomic environment.
Arnaud Lagesse, Group CEO of IBL, highlighted the group's resilience and ability to progress in diverse and volatile markets. He emphasized that the company's "Beyond Borders" strategy has enabled it to build a diversified portfolio of activities that cater to daily needs, along with a strong regional presence. The focus now is on integrating these activities, enhancing performance, and creating sustainable value for stakeholders.
Patrice Robert, Deputy Group CEO of IBL, stressed the importance of reinforcing synergies between businesses across different countries, enabling them to share expertise and find new ways to collaborate. This integration is expected to translate into sustainable operational performance. Cédrik Le Juge, Group CFO of IBL, noted that the operating profit growth of 13.7% and the 65.4% increase in underlying profit from continuing operations demonstrate the group's solid performance.
The Retail cluster has shown growth across its main markets. Naivas in Kenya has recorded strong growth, driven by existing stores and new openings. Winners in Mauritius has expanded with new store openings and renovations. Run Market in La Réunion has continued its recovery and efficiency efforts. The Consumer Brands & Distribution cluster has also seen progress, with Phoenix Beverages increasing its revenue in Mauritius and Seybrew contributing positively to the group's results in the Seychelles.
Looking ahead, the IBL Group will prioritize the integration of its regional activities, growth in existing businesses, and improvements in operational margins and capital returns. The company remains committed to rigorous investment choices while continuing to enhance group performance. Key areas of focus include reinforcing synergies between businesses, driving growth in existing activities, and navigating the challenging macroeconomic landscape.
Key points
- IBL Group's revenue grew 13.2% to Rs 124.3 billion for the year ending June 2026.
- The group's EBITDA increased 13.9% to Rs 14.5 billion.
- IBL has invested over USD 380 million in strategic activities outside of Mauritius since 2021.
