The Medine Group has announced a remarkable financial performance for the 2025/2026 financial year, which ended on June 30, 2026. The company's consolidated turnover reached Rs 7.5 billion, a substantial increase from Rs 3.4 billion in the previous financial year. The net profit also saw a significant rise, reaching Rs 1.9 billion compared to Rs 139 million in the 2024/2025 financial year. This growth is attributed to the successful completion of large land projects and a favorable dynamic in the group's recurring operations, which increased by 21%.
The Medine Group's diversified strategy has yielded positive results, with all four business segments - agriculture, education, leisure, and real estate - contributing to the company's growth. The group's real estate segment saw a significant increase in turnover, reaching Rs 4.6 billion, driven by the completion of land sales in Pierrefonds 1 and the delivery of 1,413 plots to their owners. The segment also saw a 24% increase in recurring asset management revenue, reaching Rs 589 million.
The agriculture sector also reported a strong performance, with a 28% increase in turnover to Rs 1.3 billion. The sugar cane harvest increased by 17%, resulting in a production of 15,800 tonnes of sugar. The group also reported a record onion harvest, contributing to a 4,035-tonne production of vegetables. Despite the impact of input costs on margins, Medine reaffirmed its strategic role in national food security and sovereignty.
The leisure sector continued its upward trend, with Casela reporting revenue of Rs 586 million, an 11% increase, and an EBITDA of Rs 208 million, a 14% increase. The growth was driven by increased attendance, an enriched offer, strengthened commercial actions, and improved operational efficiency. The sports and hospitality sector also confirmed its recovery, with revenue of Rs 348 million, an 18% increase, and a positive EBITDA of Rs 7 million.
Medine's education sector reported an 8% increase in revenue, reaching Rs 103 million, driven by a continuous increase in the number of students in its partner institutions. The group's CFO, Cindy Choong, highlighted the company's solid financial structure, with a controlled net debt of Rs 5.6 billion and a maintained 'CARE MAU A (Stable)' rating. CEO Heba Capdevila Jangeerkhan emphasized that the results reflect the collective commitment, rigor, and know-how of the group's teams.
Looking ahead, Medine is set to launch its strategy for the 2027-2031 period, guided by a unified vision and a clear direction: One Group, One Direction, One Ambition. The group aims to develop regular and diversified revenue streams to increase operational profits by 2031. To achieve this transformation, Medine will continue to invest in its key activities while maintaining a controlled level of debt.
The group will also focus on accelerating digital transformation and integrating sustainable development into every decision. With a solid balance sheet and a healthy financial structure, Medine is well-positioned to capitalize on its territory and realize its vision for the future. The group's teams and business sectors are mobilized around these strategic priorities, creating ideal conditions for growth and development.
Key points
- Medine Group's consolidated turnover reached Rs 7.5 billion for the 2025/2026 financial year.
- The group's net profit saw a significant rise, reaching Rs 1.9 billion compared to Rs 139 million in the previous financial year.
- Medine aims to develop regular and diversified revenue streams to increase operational profits by 2031.
