Medine, a leading Mauritian conglomerate, has announced a substantial increase in its net profit for the 2025/2026 financial year, rising to Rs 1.9 billion from Rs 139 million in the previous year. This remarkable growth was revealed during a meeting with analysts at the SPARC in Cascavelle on September 25, 2026. The company's consolidated revenue also saw a significant hike, growing from Rs 3.4 billion to Rs 7.5 billion.
The impressive performance can be attributed to the completion of several land projects, including the Pierrefonds 1 subdivision, as well as the growth of recurring activities, which saw a 21% increase in revenue. Medine's real estate sector was a major contributor, generating Rs 4.6 billion in revenue, largely due to the delivery of 1,413 lots. The company's asset management activities also saw a 24% increase, reaching Rs 589 million.
Medine's agriculture sector reported a revenue of Rs 1.3 billion, representing a 28% increase. The company achieved a 17% growth in sugar cane production, yielding 15,800 tonnes of sugar. Additionally, Casela generated Rs 586 million in revenue, while sports and hospitality activities contributed Rs 348 million. These results demonstrate the diversified group's strong capabilities across various sectors.
As Medine prepares its strategy for the 2027-2031 period, Yvan Legris, Chairman of the Board of Directors, emphasized the importance of balancing economic development with environmental preservation. He highlighted the company's responsibility as stewards of a significant portion of Mauritian territory. Legris also cited agriculture and food security as key priorities for the group.
Medine plans to explore new business opportunities in collaboration with foreign investors and local entrepreneurs. This approach aims to drive growth while maintaining the company's commitment to sustainable development. The group's strategic plans are expected to be shaped by its experiences in the 2025/2026 financial year.
The significant improvement in Medine's financial performance is a positive indicator for the Mauritian economy. The company's growth in various sectors, including real estate and agriculture, demonstrates its resilience and adaptability. As Medine continues to evolve, it is likely to play a substantial role in shaping the country's economic landscape.
Moving forward, Medine will focus on leveraging its strengths while exploring new opportunities for growth. With a strong foundation in place, the company is well-positioned to achieve its goals and contribute to Mauritius's economic development. The group's commitment to sustainability and social responsibility will remain a key aspect of its strategy.
Key points
- Medine's net profit increased to Rs 1.9 billion for the 2025/2026 financial year.
- The company's real estate sector generated Rs 4.6 billion in revenue.
- Medine plans to prioritize agriculture and food security in its strategy for 2027-2031.
