iTAUKEI investment conglomerate Fijian Holdings Ltd (FHL) this week reported a slight decline in group revenue and profit before tax, citing slowdown across its key sectors.
FHL’s financial highlights for the six months ended December 31, 2025:
-Group revenue declined by 1.5per cent to $207.5million compared to the same corresponding period,
-Unaudited profit before tax dropped to $34.3m from $37.3m,
-Group net assets closed at $429.5m, up $21.7m from June 30, 2025.
-Group’s total assets increased to $965.1m from $917.3m in June 2025.
This, it said, reflected a challenging operating environment “with a general slowdown across key sectors as well as increasing costs of doing business.”
“The half year results indicate slower contributions from several core subsidiaries across retail, financial services, tourism and media segments, largely influenced by prevailing economic conditions, cautious consumer spending and sector-specific headwinds” FHL said in its announcement at the South Pacific Stock Exchange (SPX) on Wednesday.
FHL reported mixed performance from its key subsidiaries while it achieved important strategic milestones during the period, the major ones being the opening of the FHL Tower in October last year and progress it has made in its impact investment initiatives, which are projects it is jointly financing with carefully selected itaukei-owned businesses.
“Merchant Finance has continued to expand its lending portfolio into new market segments and underserved areas not traditionally serviced by financial institutions, supporting broader economic participation,” it stated.
“Basic Industries has invested in a new concrete batching plant and is consolidating its production processes to enhance operational efficiency and cost management.
“Pacific Cement has progressed discussions to upgrade its existing mill, with vendor negotiations in process, positioning the business for improved productivity and capacity.
“South Sea Cruises continues to invest in its vessel fleet while actively pursuing opportunities for investment in tourist accommodation within the Yasawa and Mamanuca regions. Meanwhile, RB Patel Group has strengthened its platform for expansion following the successful issuance of its recent corporate bonds, providing additional capital to support future growth.”
FHL expects uncertainties surrounding global trade, commodity price movements, inflationary pressures and domestic demand to continue to influence business confidence and spending patterns moving forward and said it is focused on strengthening efficiency, disciplined cost management and the advancement of its automation and digital initiatives to enhance long term resilience.
