November 6: The Medine Group has hit a new milestone by clocking a turnover of Rs 1.1 billion, accounting for a rise of 6 percent, while operating profits witnessed by 41 percent rise at the end of the first quarter of the 2026 financial year ending September 30, 2026. The group affirms that the financial performance goes beyond a simple financial achievement while reflecting the vitality of a unique model where each activity cluster, whether urban development, education, leisure or agriculture, actively contributes to building the Western region’s future.
By building on this dynamic, the Group believes that it has showcased its intention to move ahead at a steady pace while remaining fully on track to achieve the vision of its five-year roadmap. In financial terms, this progress is the result of rigorous discipline and an optimized allocation of resources across the various business units.
The Chief Financial Officer at Medine, Cindy Choong, commented: “This first quarter confirms the positive trajectory of the Group, driven by the strength of operating activities and an improvement in working capital. On the back of proactive management of flows and receipts from disposals, the Group was able to reduce its indebtedness while preserving its credit rating ‘CARE MAU A (Stable)’. This financial discipline helps ensure there is a necessary leeway to support investments, absorb operational hazards and calmly unfold the growth plan until 2031. »
The financial base translated directly at the grassroots level, where the quarter’s dynamism is attributed to the vitality of the Group’s operational activities, seeing a growth of 21 percent to reach Rs 956 million in revenues.
On the other hand, the company’s Chief Executive Officer, Heba Capdevila Jangeerkhan, added : “Our first quarter results embody the significance of our integrated economic model and the strength of our ecosystem in the West. By uniting our expertise across our various clusters, we are creating a virtuous circle that gives life to the ambition of building a sustainable and resilient future for the region. This is the very essence of our ‘Live, Work, Play, Learn and Care’ vision, where each activity contributes to shaping a lively and harmonious place to live. I would like to acknowledge our teams’ exceptional commitment, because it is their daily dedication that is turning our strategic roadmap into meaningful, concrete action. »
The dynamics of the quarter have been marked by a major milestone: the General Medical Council of the United Kingdom officially gave Swansea University the green light to recruit its first batch of medical students. This program benefits from a full local regulatory framework, having obtained the approval of the Mauritius Medical Council and the Higher Education Commission, and is delivered via UIEH. Beyond academic excellence, the cluster offers a truly integrated student experience, supported in particular by accommodation facilities under the Uniciti Student Residences (USR), welcoming students hailing from different countries.
