Fijian Holdings Ltd (FHL), the investment conglomerate, has reported a slight decline in revenue and profits for the six months ending December 31, 2025, amid challenges in several key sectors. The group’s revenue fell by 1.5% to $207.5 million compared to the previous corresponding period, while its unaudited profit before tax decreased to $34.3 million, down from $37.3 million. Despite these declines, FHL’s net assets rose to $429.5 million, an increase of $21.7 million from June 30, 2025, and total assets grew to $965.1 million from $917.3 million in the same timeframe.
The company highlighted a “challenging operating environment” which has contributed to a slowdown in contributions from core subsidiaries across retail, financial services, tourism, and media. FHL’s announcement at the South Pacific Stock Exchange (SPX) noted that cautious consumer spending and sector-specific headwinds were largely to blame for the mixed performance seen among its subsidiaries.
However, FHL did achieve significant strategic milestones during the reporting period, including the opening of the FHL Tower in October and advancements in its impact investment initiatives, which are designed to support itaukei-owned businesses. The company’s Merchant Finance division has also expanded its lending portfolio into underserved market segments, thereby encouraging broader economic participation.
In addition, Basic Industries has procured a new concrete batching plant and is optimizing its production processes to improve operational efficiency and cost management. Pacific Cement is engaged in vendor negotiations to upgrade its existing mill, which is expected to enhance productivity and capacity. Meanwhile, South Sea Cruises is actively investing in its vessel fleet and exploring opportunities for new tourist accommodation in the Yasawa and Mamanuca regions. The RB Patel Group, on the other hand, has successfully strengthened its expansion platform through the recent issuance of corporate bonds, which will bolster future growth.
Looking ahead, FHL anticipates that uncertainties surrounding global trade, commodity pricing, inflation, and domestic demand will continue to affect business confidence and spending patterns. In response, the company is concentrating on enhancing efficiency and implementing disciplined cost management strategies, alongside accelerating its automation and digital initiatives to ensure long-term resilience and success.
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