The Medine group has announced a significant increase in its financial performance for the 2025/2026 financial year, which ended on June 30, 2026. The company's consolidated turnover reached Rs 7.5 billion, up from Rs 3.4 billion in the previous year, while its net profit rose to Rs 1.9 billion, compared to Rs 139 million in the 2024/2025 financial year. This remarkable growth is attributed to the strategic finalization of major land projects and a favorable dynamic in the group's recurring operations.
The company's four business segments - agriculture, education, leisure, and real estate - all contributed to this positive performance. The real estate segment, in particular, saw a significant increase in turnover, reaching Rs 4.6 billion, driven by the concretization of sales acts for the Pierrefonds 1 morcellement and the delivery of 1,413 lots to their owners. The segment also saw a 24% increase in recurring asset management activities, reaching Rs 589 million.
The agriculture segment also reported a significant increase in turnover, reaching Rs 1.3 billion, up 28% from the previous year. The segment's sugar cane harvest increased by 17%, resulting in a production of 15,800 tonnes of sugar, while the production of vegetables reached 4,035 tonnes, driven by a record onion harvest. Despite the impact of input costs on margins, Medine reaffirmed its strategic role in national food security and sovereignty.
The leisure segment, which includes Casela, reported revenues of Rs 586 million, up 11% from the previous year, and an EBITDA of Rs 208 million, up 14%. The segment's growth was driven by an increase in attendance, an enriched offer, strengthened commercial actions, and improved operational efficiency. The sports and hospitality segment also confirmed its recovery, with revenues of Rs 348 million, up 18%, and a positive EBITDA of Rs 7 million.
Medine's education segment reported a 8% increase in revenues, reaching Rs 103 million, driven by a continuous increase in the number of students in its partner institutions. The company's Chief Financial Officer, Cindy Choong, highlighted the group's solid financial structure, with a controlled net debt of Rs 5.6 billion and a 'CARE MAU A (Stable)' rating. Choong also emphasized the group's commitment to investing in its key activities while maintaining a controlled level of debt.
Medine's Chief Executive Officer, Heba Capdevila Jangeerkhan, attributed the company's success to the collective effort and commitment of its teams. Capdevila Jangeerkhan also highlighted the group's vision for the future, which is guided by a clear line: One Group, One Direction, One Ambition. The company aims to develop regular and diversified revenues to increase its operational profits by 2031.
Looking ahead, Medine will focus on accelerating its digital transformation and integrating sustainable development into its decision-making processes. The company will also continue to invest in its key activities while maintaining a controlled level of debt. With a solid financial foundation and a clear vision for the future, Medine is well-positioned to achieve its goals and create value for its stakeholders.
Key points
- Medine reports a consolidated turnover of Rs 7.5 billion and a net profit of Rs 1.9 billion for the 2025/2026 financial year.
- The company's growth is driven by a balanced contribution from its four business segments: agriculture, education, leisure, and real estate.
- Medine aims to develop regular and diversified revenues to increase its operational profits by 2031.
