Fijian Holdings Ltd (FHL) has declared an interim dividend of $4.113 million, aligning with its dividend policy and reflecting its performance as of March 31, 2025. Chairman Rokoseru Nabalarua highlighted that this decision underscores the company’s strong cash generation capabilities despite observed weaknesses at the group level.
In his remarks, Mr. Nabalarua indicated that the financial forecast for the fiscal year ending June 30, 2025, poses some challenges. He cited potential slowdowns in emerging markets, ongoing geopolitical tensions, and market volatility as key factors to be mindful of. The results for the nine-month period showed subdued performances particularly from important subsidiaries within the retail and financial services sectors, as well as disappointing outcomes from investments in construction and media.
Nevertheless, FHL remains committed to its strategic focus on investments that secure the sustainability of its core subsidiaries. The company aims to adapt and position itself positively for future challenges by aiming for a portfolio that generates long-term value.
As stipulated by regulations from the South Pacific Stock Exchange (SPX), the shareholders registry will close on April 23, and the dividends are scheduled for distribution on April 30, 2025. Last year, FHL reported a total of 1,756 shareholders, with major stakeholders including the iTaukei Affairs Board and other iTaukei trust entities, who collectively hold about 71% of the shares. As of the latest update, FHL shares were last trading at 99 cents each.
This dividend announcement represents a positive signal of FHL’s financial health, demonstrating its ability to generate returns for its shareholders even amidst challenging conditions. Looking ahead, the company’s efforts to navigate and enhance its investment strategies and address any emerging issues bode well for its potential future growth.
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