New Mauritius Hotels (NMH) has announced a 12% increase in revenue to Rs 18.9 billion for the year ending June 2026. The growth is attributed to the strong performance of its hotel business in Mauritius and the growth of its international operations. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) increased by 25% to Rs 6.1 billion, while profits after tax rose by 45% to Rs 2.9 billion.
The company's performance was driven by sustained demand for its Beachcomber brand, improved rates, greater distribution efficiency, and a favorable exchange rate effect of the euro and pound sterling. In Mauritius, which accounts for around 80% of the group's revenue, income grew by 12% to Rs 15.2 billion. The average occupancy rate was 74%, despite the temporary closure of the Shandrani Beachcomber in the first quarter and the Trou aux Biches Beachcomber in mid-May for major renovations.
Internationally, the company's Moroccan operations reported a 17% increase in revenue to Rs 1.6 billion. In the Seychelles, revenue grew by 8% to Rs 477 million, while tour operator and related activities generated Rs 1.7 billion in revenue, up 9%. The company's cash flow from operations increased by 14% to Rs 5.8 billion, and it invested Rs 2.4 billion in renovations, digitalization, and sustainable development projects.
NMH's Chief Executive Officer, Stéphane Poupinel de Valencé, highlighted the company's resilience and ability to maintain its trajectory in an uncertain international environment. The company has also made progress in optimizing its balance sheet, with a debt-to-equity ratio of 40% and a net debt of Rs 12.2 billion as of June 2026.
The company has also announced plans for future growth, including the acquisition of Zuri, a five-star resort in Zanzibar, subject to regulatory approvals. In Mauritius, the Trou aux Biches Beachcomber is set to reopen in October after renovations, and the Dinarobin Beachcomber is scheduled for renovation. The company also increased its ordinary dividend to Re 0.80 per share, up from Re 0.70 in 2025.
Looking ahead to 2027, NMH reports that forward bookings are higher than last year, but the company remains cautious about geopolitical tensions and air connectivity challenges. The company will prioritize its international development strategy, with a focus on growth in Morocco and other markets.
The company's solid performance reflects its ability to adapt to changing market conditions and capitalize on growth opportunities. With a strong brand portfolio and a focus on sustainable development, NMH is well-positioned for continued growth in the hospitality sector.
Key points
- New Mauritius Hotels reports a 12% increase in revenue to Rs 18.9 billion for the year ending June 2026.
- The company's EBITDA increased by 25% to Rs 6.1 billion, while profits after tax rose by 45% to Rs 2.9 billion.
- The company has announced plans for future growth, including the acquisition of Zuri, a five-star resort in Zanzibar.
