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BlueLife’s FY2026 results offer a clear measure of how rapidly construction and sales are advancing at Azuri, its principal property development in Mauritius. Group revenue reached Rs 2.50 billion for the year ended 30 June 2026, up from Rs 1.40 billion a year earlier.
Revenue more than doubled from Rs 944 million to Rs 1.972 billion, including Rs 1.911 billion generated by Azuri Smart City. “The increase in sales was principally due to the successful launch of projects such as Les Méléanes and Celimar, which were well received by the market,” BlueLife’s board said in its FY2026 audited results.
The transaction figures show just how strong demand has been. BlueLife signed 229 deeds during the year, compared with 26 in FY2025. Their combined gross development value rose from Rs 599 million to Rs 4.528 billion. The company said the launches of Les Méléanes and Celimar, within Azuri Village, were the principal contributors to the increase.
For international property observers, the figures connect buyer commitments with projects already moving into delivery. BlueLife has six developments under construction and has commercially launched two additions: Auralis, a collection of 19 villas, and Ophelys, comprising 42 townhouses. Further projects are scheduled for launch in FY2027, although management expects them to begin contributing to results from FY2028.
Stronger property activity lifted operating profit to Rs 326.7 million, from Rs 148 million. Profit before tax increased to Rs 285.7 million, supported by a Rs 40.2 million fair-value gain on investment properties.
Hospitality also strengthened. Segment revenue rose to Rs 540 million, hotel occupancy reached 88 percent and total revenue per available room increased to Rs 12,874.
