Tailevu’s investment vehicle Tailevu Holdings Pte Ltd (THPL) paid a total dividend of $39,849.54 on Monday to beneficiaries in the province, the company said, marking the first interim distribution in its history. The payout, declared as an interim dividend of 3 cents per share for the financial year ending June 30, 2026, was calculated on THPL’s six-month results to December 31, 2025.
THPL said the Tailevu Provincial Council (TPC), which holds 55 percent of the shares, received $21,959.61 while the Tailevu Dairy Farmers Cooperative Association Limited (TDFCAL), holding the remaining 45 percent, was paid $17,889.93. The company noted the dividend follows a period of stronger returns driven largely by its property and transport operations.
Board chairman Malakai Naiyaga said the company’s improved performance reflected work completed in the last financial year, which ended June 30, 2025. “We reached a key milestone last year with the redevelopment and leasing of the new-look Ratu Cakobau House, which boosted returns,” Naiyaga said in a statement, adding that strengthened relations with partners, tenants and other stakeholders had helped lift results for the period to December 31, 2025.
THPL’s portfolio contributions to revenue were identified as its property rental activities alongside its trucking and cartage business, the company said. The board also pointed to the company’s growing ability to support community initiatives in Tailevu, highlighting ongoing contributions to education, women’s and children’s extracurricular programmes and support for people with special needs.
Company director Ratu Emosi Qicatabua presented dividend cheques to provincial representatives in the handovers. Photographs supplied by THPL show Ratu Emosi handing a cheque to TPC chairman Semi Matalau, while TDFCAL chairman Rusiate Korovusere was also pictured receiving his cooperative’s dividend payment. THPL said it intends to engage more with its Tailevu community going forward and has a pipeline of new property developments to capitalise on rising demand for office and commercial leasing within the province.
This announcement corrects earlier reporting errors that misattributed the payer. A version of the story published on March 20, 2026 incorrectly suggested the Tailevu Provincial Council made the payment; a correction the following day misnamed the company as Tailevu Provincial Holdings Pte Ltd. THPL said the payer is Tailevu Holdings Pte Ltd and the earlier errors are deeply regretted. The clarified dividend figures and the declaration of a 3-cent interim dividend are the latest developments in THPL’s move from reinvestment toward delivering direct returns to the province’s shareholders.
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