Fijian Holdings Limited (FHL) has reported a consolidated net profit before tax of $60.3 million for the financial year ending June 30, 2025. This marks a 14% decline compared to the previous year, highlighting challenges in an economic environment characterized by subdued demand and tighter margins. Despite the reduction in profit, FHL achieved notable milestones, reflecting the company’s resilience and strategic focus on sustainable and inclusive growth.
Significant progress was seen with the completion and occupancy certification of the FHL Tower in Suva, representing a landmark development in FHL’s property portfolio. Additionally, FHL’s partnership with Nawaibuta Properties Pte Limited to launch a new commercial venture in Korovou, Tailevu, underscores its commitment to impact investment and rural development with an investment pledge of up to $50 million.
Key subsidiaries such as South Sea Cruises led performance within the group, capitalizing on the tourism sector’s post-pandemic recovery by expanding its fleet and offerings. Merchant Finance Limited also demonstrated strong growth, as its loan book surpassed the $200 million mark, driven by innovative products catering to underserved market segments. These successes were instrumental in offsetting lower performances in other sectors and a $3.5 million decline in profits from associate companies.
At the holding company level, FHL reported a profit before tax of $18.7 million, improving from the previous year’s $16.9 million, buoyed by higher dividend income from South Sea Cruises, FHL Fund Management, and FHL Media. FHL’s net assets grew to $707.4 million as of June 30, 2025, indicating sustained investment growth and capital expansion.
Chairman Rokoseru Nabalarua remarked on the year’s mix of achievements and challenges, emphasizing the strength and diversity of FHL’s portfolio. The company’s strategic initiatives and diversification demonstrate its capacity for long-term sustainable growth, even amid fluctuating market conditions.
This financial performance highlights FHL’s resilience and strategic agility in navigating a challenging economic landscape. The group’s focus on growth through strategic investments and diversification reflects its long-term vision for sustainable growth.
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