Fiji’s premier marina facility Port Denarau Marina Limited (PDM) has delivered a strong financial performance for the financial year ended July 31, 2026, reporting a 42 per cent surge in net profit after tax to $9.81m.
The company’s audited financial results, presented by the chairman and directors, revealed that net profit climbed from $6.93m in the 2025 financial year.
Total revenue also increased by 28 per cent to $12.77m, compared to $9.99m in the previous year.
Company chairman Malakai Naiyaga said the increase in revenue was driven by continued strong demand across the company’s marina operations and the opening of the new superyacht berths.
That included a 115-metre megayacht berth, which expanded berthing capacity and contributed to revenue growth.
Operating profit for the year rose to $5.95m compared to $4.50m in the previous year, while total comprehensive income increased by 29 per cent to $9.37m.
The company stated this strong result was delivered despite significant headwinds.
These included higher operating costs and depreciation, an increased income tax expense following the corporate tax rate hike to 25 per cent, and a $600,000 provision of an initial capital project deposit.
The deposit was provisioned after the contractor failed to fulfil the contracted scope, and legal recovery proceedings are currently underway.
PDM also recorded a $7.26m increase in the fair value of investment properties, up from $3.51m in the previous year, reflecting the continued value of the company’s property portfolio.
“Looking ahead, the company is well positioned for its next phase of expansion following board approval of a future master plan,” Mr Naiyaga said.
“Continued investment in core marina infrastructure, supported by sustained demand across facilities and services, will drive PDM’s strategy to solidify its standing as a premier Pacific marina and create sustainable long-term value.”
