Ebene, November 14: CIEL Group has posted revenue at MUR 9.3 bn for the first quarter ending September 30, 2025, underpinned by continued investment to help sustain long-term growth. Key highlights comprise a rise in group revenue by 6 percent to hit MUR 9.3 bn, mainly attributed to sustained growth from clusters such as Sunlife hotels in Mauritius and healthcare services on both the local shores and Uganda.
On the other hand, the EBITDA amounted to MUR 1.6 bn, which demonstrates the group’s steady performance on account of operational discipline, showing an increase to 17.1 percent while profit after tax remained stable at MUR 766M on the back of robust performances across most clusters, offset by the textile cluster’s softer first quarter.
Commenting on the financial results, the Group Finance Director of CIEL Limited, Jérôme De Chasteauneuf, told: “CIEL delivered a resilient start to the year, reflecting the strength of our diversified portfolio and disciplined operational execution across most of our markets and regions. As key investments mature, we expect to see further benefits flow through to earnings, supporting our long-term growth strategy”.
Under cluster reviews, Hotels & Resorts delivered a strong first quarter, propelled by a robust performance from Sunlife and significant improvement undertaken by Riveo’s repositioning of the Shangri-La Le Touessrok hotel following its reopening. On the other hand, profit after tax witnessed an improvement to MUR 62M despite higher tax charges pertaining to new government measures.
The textile segment saw revenue at MUR 3.8 bn, attributed to lower sales volume in the region and an exceptional delivery pattern in India, expected to normalise in subsequent patterns, with EBIDTA reaching MUR 227M and profit after tax at MUR 22M. It is remarked that operations in India and Bangladesh continue to deliver strong results and remain key contributors to profitability. On the other hand, regional operations have been impacted by margin pressure, lower production volumes, one-off restructuring costs, and the expiry of AGOA.
The Finance cluster has posted revenue at MUR 1.6 bn, showcasing an increase of 8 percent as compared to the corresponding period of last year with EBITDA having 14 percent rise to reach MUR 626M, and profit after tax showed a rise of 5 percent to reach MUR 497M. Bank One contributed MUR 69M (1Q25: MUR 115M), with last year’s corresponding period benefiting from one-off recoveries.
While for properties, revenue shot up by 35 percent to reach MUR 96M, mostly attributed to higher rental income at Evolis, while EBITDA amounted to MUR 34M and profit after tax saw an improvement to MUR 3M, marking a return to profitability.
