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New Mauritius Hotels Limited (NMH) posted solid gains during what is traditionally the hospitality sector's quietest quarter.
The parent company of Beachcomber Resorts & Hotels reported Group revenue of Rs 3.6 billion for the first quarter, representing a 9% increase compared to the same period last year. What makes this performance particularly noteworthy is that it was achieved despite the temporary closure of Shandrani Beachcomber Resort & Spa for renovation during the first quarter.
Several factors drove this growth. High occupancy levels across NMH's five-star properties in Mauritius played a significant role. The Group also benefited from successful room repricing following recent refurbishments, supported by disciplined revenue management practices.
EBITDA, which stands for Earnings Before Interest, Taxes, Depreciation and Amortisation and serves as a key measure of operating profitability, surged by 32% to reach Rs 741 million. An improvement reflected by the Group's sustained focus on cost control, operational efficiency and stronger cash generation.
NMH returned to profitability with a net profit of Rs 121 million. This marks a notable turnaround from the Rs 67 million loss recorded during the first quarter of financial year 2025. Lower interest rates and reduced debt levels contributed to this recovery.
Stéphane Poupinel de Valencé, the CEO, expressed confidence in the outlook, crediting the company's 5,000 "Artisans" as NMH's greatest strength and differentiating factor.
The Group is advancing ambitious expansion plans on multiple fronts. In Mauritius, the Shandrani renovation was completed in mid-October and the resort has resumed full operations. Construction of Harmonie Beachcomber Golf, an 18-hole course at Les Salines in Black River, continues with completion targeted for 2027.
Internationally, NMH is planning a second resort in Morocco to be managed by Fairmont, with construction expected to begin around July 2026. Due diligence for the acquisition of a five-star resort in Zanzibar is also progressing well.
