MCB Group Pre-Tax Profits Soar to Rs 6.85 Billion

The first quarter ending September 2025 has delivered a strong financial performance with pre-tax profits soaring to Rs 6.85 billion. This significant result represents a 14.6% increase compared to the same period in 2024 for the MCB Group.

Key Figures and Tax Impact

While the Group’s operational momentum remains solid, its net profits saw a more modest rise due to new fiscal measures in Mauritius.

• Net profit increased from Rs 4.84 billion last year to Rs 4.97 billion this year (for the quarter ending September).
• Profit attributable to ordinary shareholders grew by only 2.6%, reaching Rs 4.93 billion.

The Group’s management, speaking on Wednesday, 12th November, attributed the restrained growth in net profit to a sharp rise in the effective tax rate. This rate jumped from 19% to 27.4% following the introduction of new fiscal measures in Mauritius.

Drivers of Profit Growth

The substantial increase in pre-tax profits was primarily driven by two key factors:

• Increased operational revenues.
• A reduction in provisions for credit losses.

Future Outlook and Strategy

Looking ahead, MCB Group acknowledged that the global environment remains challenging and uncertain.

• The Group cited prolonged geopolitical tensions and fiscal vulnerabilities as factors weighing on activity levels.
• MCB anticipates feeling the impact of further expected interest rate cuts in the United States.
• The Group will also continue to contend with the increased tax burden imposed on banks in Mauritius.

Despite these headwinds, the management confirmed that MCB remains “fully concentrated on its objectives” and is committed to “rigorous execution of its strategy”.

Source: Defi Media