International Expansion Accounts for 72% of IBL’s Total Revenue Growth

IBL Ltd has announced sharply increased financial results for the year ended June 30, 2025, with revenue exceeding Rs 120.8 billion and confirming the success of its ‘Beyond Borders’ strategy. The Mauritian conglomerate’s turnover grew by 19% compared to 2024, reaching a total of Rs 120.8 billion, which was unveiled today, Monday, September 29, at IBL House in Port Louis.

Key Financial Highlights

The group also reported a significant jump in operational profit, up 36% to Rs 7.4 billion.

This performance comes despite the fact that net profit settled at Rs 5.0 billion, which IBL noted was affected by an unfavourable comparison with the previous year’s figures, which included exceptional income.

International Expansion Drives Growth

For the first time in the group’s history, more than half of its total revenue (54%) was generated outside Mauritius.

This substantial shift highlights the impact of its expansion strategy, with international activities contributing to a massive 72% of the total revenue growth.

The expansion was primarily focused on East Africa and the Indian Ocean region. Group CEO Arnaud Lagesse underscored the results, stating:

“These results demonstrate the relevance of our ‘Beyond Borders’ strategy. We are building a more diversified and more resilient group.”

Retail Remains Primary Engine

The Retail division remains the main engine of the conglomerate’s performance, generating Rs 64.6 billion. This sector was largely boosted by the performance of its key retail assets, namely Naivas in Kenya, Winners in Mauritius, and Run Market in Réunion.

Source: Defi Media