FHL records $60.3M profit before tax despite challenging conditions

Fijian Holdings Limited Group has recorded a consolidated Net Profit Before Tax of $60.3 million for the year that ended on 30th June, which they say was against a challenging operating environment marked both by depressed demand and compressed margin.

FHL says while the financial result was 14 percent lower than for 2024 financial year, they achieved several major milestones during the year in line with its strategic agenda and purpose.

They say FHL Tower achieved occupancy certification in June 2025, completing a high-end landmark building in Suva and a significant milestone in the Group's property portfolio.

FHL says in partnership with Nawaibuta Properties Pte Limited, FHL also commenced a new commercial development in Korovou, Tailevu, marking one of its impact investments, with commitments of up to $50 million for joint ventures with resource owners.

They say this will be the first of many investments underlining FHL's commitment to inclusive and sustainable development.

They say their subsidiary, Merchant Finance Limited strengthened its market presence as their loan book surpassed the $200 million mark during 2025 financial.

FHL says South Sea Cruises continued to be the Group's flagship performer, further expanding its offerings through investments in new assets to capitalize on the robust growth in the tourism sector.

They say strong contributions from South Sea Cruises, RB Patel Group, and Merchant Finance helped offset headwinds in other sectors, including a weaker performance from Basic Industries and a reduction of $3.5 million in share of profits from associates.

They say at the holding company level, FHL recorded a profit before tax of $18.7 million, compared to $16.9 million in the 2024 financial year.

They also say dividend revenues improved during the year, supported by higher distributions from South Sea Cruises, FHL Fund Management, and FHL Media.

FHL Chairman Rokoseru Nabalarua says 2025 financial year has been a year of both achievements and challenges.

He says their landmark projects and subsidiary performance demonstrate the strength and diversity of FHL's portfolio.

Nabalarua says the Group remains committed to exploring new opportunities, while maintaining a disciplined approach to debt and capital deployment.

He says looking ahead, they remain mindful of global uncertainties, inflationary pressures, and geopolitical risks, but confident in FHL's ability to adapt, grow, and deliver value for all stakeholders."

FHL adds as of 30 June 2025, their net assets stood at $707.4 million, an increase from $648.9 million in 2024 financial, reflecting continued growth in investments and capital expansion across the Group.