Lux Island Resorts reported a solid third quarter to 31 March 2026, combining revenue growth with the acquisition of the freehold land underlying its LUX* Saint‑Gilles hotel in Reunion Island. Quarterly revenue reached Rs 3.1 billion, compared with Rs 2.84 billion for the same period in FY2025, representing an increase of around 9 percent. The Saint‑Gilles land transaction, funded in equal proportions by internal resources and bank debt, converts a key leased hotel site into owned property and reflects management’s ongoing focus on balance sheet quality.
Revenue growth and trading metrics
The group’s operating indicators remained encouraging across its resort portfolio. Normalised EBITDA rose to Rs 947 million in the quarter, up from Rs 839 million a year earlier, an improvement of 13 percent. Operating profit increased by 3 percent to Rs 732 million, while profit attributable to shareholders advanced to Rs 499 million, also up 3 percent year on year. Occupancy for the period stood at 81 percent, with the group reporting a 9 percent rise in average daily rate and an 11 percent increase in revenue per available room, pointing to firm demand and sustained pricing power.
Balance sheet, tax and dividend
Following the Saint‑Gilles land acquisition and related financing, the group gearing rose to 20 percent at 31 March 2026, compared with 15 percent at 30 June 2025, a level the company continues to describe as healthy. The income tax charge increased by 21 percent, from Rs 110 million to Rs 133 million, influenced in part by the 5 percent Fair Share Contribution, which raised the effective tax rate on Mauritian entities. Despite this higher tax burden and a modest increase in leverage, the board declared a final dividend of Rs 1.75 per share for the year ending 30 June 2026, with payment expected on or about 29 June 2026 to shareholders on the register at 15 May 2026.
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