SUPERYACHT tourism contributes more than $70million annually and generates strong multiplier effects across tourism, suppliers and local communities.
Port Denarau Marina Ltd (PDML) board chairperson Malakai Naiyaga revealed this in the company’s 2025 annual report as he noted the strategic highlights for this year, including the superyacht jetty expansion, capital works program, and governance and stakeholder engagement.
PDML has completed a $6m project that delivered Fiji’s first 115 metre mega-berth that marked an important milestone for the company and the region in enhancing its capacity to serve the global superyacht segment.
He said they continued to invest in core infrastructure to expand capacity and safeguard operational resilience, customer experience and safety.
He added they also further strengthened alignment with regulators, tenants, and government partners to ensure robust oversight and collaborative progress on shared objectives.
“Our expansion supports this ecosystem and elevates Fiji’s standing as a world-class yachting destination,” Mr Naiyaga said.
“Looking ahead, the board remains focused on positioning the marina to efficiently handle higher volumes and evolving service expectations; timely delivery of capital projects to unlock capacity-led growth; management succession planning, talent development and a high-performance culture; and prudent oversight to sustain cash generation, manage inflationary cost pressures and enhance shareholder value,” he said.
PDML chief executive officer Cynthia Rasch said the company was well placed to leverage the benefits of its expanded infrastructure and services. She said the completion of the superyacht jetty extension would be a significant milestone, attracting new explorer yachts and opening fresh revenue opportunities for the company and the country’s broader economy.
“Master planning for future land and waterside development is underway as part of our five-year strategic plan,” Ms Rasch said.
“Challenges remain, including extreme weather, supply chain pressures, skills and expert suppliers shortages, and global economic uncertainty.
“However, with proactive risk management, strong stakeholder collaboration, and focus on operational excellence, PDML is committed to maintaining resilience and delivering sustainable value.”
PDML recorded a net profit after income tax of $6.93m for the financial year ending July 31 this year, more than double the $3.31m reported in the 2024 financial year – driven largely by a $3.51m uplift in the fair value of investment properties.
Revenue grew 5 per cent year-on-year to $9,987,365 from $9,470,276 in 2024 – driven by strong demand for marine services.
Its operating profit rose to $4.50m from $4.39m last year; and total comprehensive income also increased to $7.24m, up from $6.18m in 2024 – primarily driven by an increase in the revaluation of property, plant and equipment, and right-of-use assets.
