PUBLICLY listed supermarket chain will pay out a total of $8.25 million in dividends for the 2026 financial year following a final dividend declaration of 3.5 cents per share.
The final payout, amounting to $5,250,000 is scheduled to be paid by October 16 this year, bringing the total financial year dividends to 5.5 cents per share.
The group’s audited financial statements for the year ended June 30, 2026, revealed that revenues, including other income increased by more than 2.9 per cent to $196m, up from $191m last year.
Net profit after tax for the year stood at $13.3m, while profit from operating activities saw a modest 0.6 per cent increase to $18.0m from $17.9m last year.
Company chairman Jitoko Tikolevu described the results as satisfactory despite a challenging trading environment.
“Considering the continuing uncertainties in global and domestic market conditions, the large number of Fijians that have migrated, the competitive nature of the industry and the slow growth of Fiji’s economy, the company’s results are very satisfactory,” Mr Tikolevu said in the company’s market announcement released by the South Pacific Stock Exchange (SPX).
He said the supermarket industry continued to see intensive competitiveness with new stores and players entering the industry each year.
And in addition to those factors, he said the cost of doing business in Fiji also continued to increase.
“Our operating costs increased by 7.0 per cent over the last year with no real increase in productivity.
“Salary and wages have increased by 19 per cent over the last two years and has contributed to inflation.”
While Mr Tikolevu acknowledged the continued positive impact of tourism growth driving the economic recovery for Fiji, he raised caution over broader global factors.
He cited the many natural disasters, related to climate change, around the world as well as the continuing impact of wars in Ukraine and Iran that had and continued to cause disruptions to economic activities, and had left most economies, including Fiji, still struggling to control inflation.
