Fiji Hardwood declares first-ever $500,000 dividend since 1998

Fiji Hardwood Corporation Limited has declared its first-ever dividend of $500,000 to the Government of Fiji following its Annual General Meeting on 27th November 2025, marking the first dividend since the company was established in 1998.

The company say the payout follows a strong financial turnaround, with FHCL recording a $3.302 million profit before tax in 2021 and clearing approximately $8 million in long-standing debts.

CEO Semi Dranibaka described the dividend as proof of the company’s transformation from debt-burdened losses to consistent profitability.

FHCL also stated that it has invested in modernisation, including partnerships with a US-based firm to improve data and inventory systems across its more than 75,000 hectares of mahogany plantations.

The company says it will continue expanding production, strengthening sustainability practices, and maximising value for landowners and the nation.

Minister for Public Enterprises, Charan Jeath Singh, acknowledged the dividend as a sign of strong leadership and sound governance, urging the company to maintain momentum in production, market expansion, and returns.