Fijian Holdings Limited (FHL) is enforcing strict portfolio discipline, warning that investments not performing to expectations face operating changes, restructuring, or capital redeployment.
In the company’s 2026 Annual Report, FHL Group chairman Rokoseru Nabalarua explicitly identified underperforming assets requiring immediate board oversight, including Fletcher Higgins (Fiji) Limited, which required intervention following the exit of its former strategic partner.
“Fiji Television and Life Cinema remain areas of close Board attention,” Mr Nabalarua said in his report in the FHL 2026 annual report. “We will support recovery where there is a credible path to improved performance and consider restructuring or redeploying capital where it better protects long-term shareholder value,” he said.
FHL chief executive officer Jaoji Koroi echoed the mandate, confirming that Fiji TV and Life Cinema “continue to require close attention” and that management would work with its respective boards on “operating changes, restructuring or other strategic options where necessary”.
Mr Koroi said their priorities for the 2027 financial year were to realise the full year Tower contribution, continue the Fletcher Higgins turnaround, and sustain Basic Industries Limited’s (BIL) recovery, deliver the Pacific Cement Limited ()PCL) mill upgrade, strengthen Merchant Finance Limited (MFL) funding, and progress its core system, advance impact investments, improve subsidiary cash and dividends, strengthen technology resilience, and develop their people.
“We will measure our work by results: stronger profit before tax, cash generation, obligations met and sustainable dividends, while continuing to serve FHL’s purpose,” he said.
Looking ahead, Mr Nabalarua said their priorities were to improve the quality of earnings and dividends, manage debt and capital prudency, lift returns from existing investments, address weaker businesses and continue strengthening governance, technology and leadership.
“We enter this next phase with confidence and a clear sense of responsibility. We will work to realise more from what has already been built and entrusted to us, while remaining ready to pursue opportunities that create enduring value.”
