Indigenous investment group Fijian Holdings Limited (FHL) Group ended its 2026 financial year on a high with the Group’s total assets exceeding $1 billion for the first time – increasing from $917.3 million to $1.09 billion.
The FHL Group recorded a consolidated net profit before tax (NPBT) of $67.0m for the year ended June 30, 2026 – an 11 per cent increase from $60.3m in the 2025 financial year.
The growth in assets and profit was supported by the group’s strategic investments and continued focus on improving efficiency and productivity.
At the holding company level, FHL recorded a profit before tax of $20.0m, compared with $18.7m in FY2025.
Revenues also improved during the year, supported by higher dividend received from South Sea Cruises, Merchant Finance and investment property related gains.
“The Group has achieved an important milestone with total assets exceeding $1bn and all core operating entities remaining profitable,” FHL chairman Rokoseru Nabalarua said.
“Our focus now shifts from growing the asset base to ensuring that these investments deliver the returns expected from them.”
According to FHL, following the $1bn asset threshold milestone, it now entered its next phase under the theme ‘Realising Beyond Our Comfort Zone’.
The focus will be on improving returns from existing investments, strengthening the performance of underperforming assets and capturing the synergies available across the Group.
In its market announcement to the South Pacific Stock Exchange (SPX) this week, the company noted major capital projects and structural recoveries.
The opening of the FHL Tower in October 2025 represented the completion of the Group’s largest single investment to date.
In the industrial sector, Basic Industries (BIL) recorded a massive turnaround, posting an NPBT of $4.0m to reverse a $1.6m loss last year, following a rigorous division restructure.
Pacific Cement (PCL) delivered a resilient result despite legacy mill issues and appointed a vendor for a new cement plant mill, while an investment in Fletcher Higgins was designed to extract deep infrastructure synergies.
FHL also expanded its tourism and financing footprint after taking absolute control of Port Denarau Marina Limited by increasing its shareholding from 27.5 per cent to 51 per cent, bringing the premier maritime hub into full consolidation. South Sea Cruises added a new cruise vessel to its fleet and also acquired the Mai Sunset resort in the Yasawa Islands, while Merchant Finance grew its lending book in underserved segments.
However, earnings were weighed down by the grounding of the Fiji Princess cruise ship and impairment losses recognised against non-performing investments, particularly Fletcher Higgins and Fiji Television, the company said.
It said this year’s result demonstrated the Group’s resilience and provided a solid platform for its next phase of growth.
