SUN, a leading business group in Mauritius, has announced a net profit of Rs 1.52 billion for the year ending 30 June 2026. This represents a significant achievement, especially considering the challenging global economic landscape. The company's revenue increased by 16.4% to Rs 7.57 billion, up from Rs 6.5 billion in the previous year. This growth is a testament to SUN's resilience and strategic planning.
A closer look at SUN's financial performance reveals that the company's EBITDA rose by 21.3% to Rs 2.51 billion, up from Rs 2.07 billion in the previous year. This increase is a positive indicator of the company's operational efficiency and ability to generate earnings. In contrast, the net profit for the period ending 30 June 2025 was Rs 4.19 billion, largely due to a unique gain of Rs 2.98 billion linked to a group restructuring.
SUN's debt repayment efforts have been noteworthy, with the company making an early repayment of Rs 500 million toward its mandatorily convertible bonds issued to the Mauritius Investment Corporation (MIC). This move is part of SUN's strategy to accelerate its deleveraging and reduce its debt burden. As a result, the company's net debt decreased by 17% to Rs 1.22 billion as of 30 June 2026.
The company's cash flow generation has also been impressive, with operating cash flow from operational activities increasing by 26%. This strong cash generation has enabled SUN to declare a dividend of Rs 3.45 per share, representing a 33% increase compared to 2025. The Board of Directors' decision to increase the dividend is a reflection of the company's improved financial results and solid cash generation.
Despite the positive financial performance, SUN's management noted that the results were impacted by an additional tax charge of Rs 108 million following the introduction of the Fair Share Contribution and the Alternative Minimum Tax. The company direction stated that SUN delivered a solid performance for the financial year ending 30 June 2026, despite intensifying geopolitical tensions in the Middle East starting in March.
Looking ahead, SUN's prospects for the 2027 financial year appear positive, supported by an increase in tourist arrivals during the first two months of the financial year. The company expects an improvement in financial performance for the quarter ending 30 September 2026 compared to the corresponding quarter of the previous financial year. This optimism is based on SUN's solid foundation and strategic planning.
In summary, SUN's financial performance for the year ending 30 June 2026 has been impressive, with a net profit of Rs 1.52 billion and a 16.4% revenue increase. The company's debt repayment efforts, cash flow generation, and dividend increase have also been noteworthy. With a positive outlook for the 2027 financial year, SUN is well-positioned for continued growth and success.
Key points
- SUN achieves Rs 1.52 billion net profit and 16.4% revenue increase for the year ending 30 June 2026.
- The company makes an early repayment of Rs 500 million toward its mandatorily convertible bonds issued to the Mauritius Investment Corporation (MIC).
- SUN's prospects for the 2027 financial year appear positive, supported by an increase in tourist arrivals.
