Skip to report content
IBL Integrated Report 2026

Shaping better lives and better tomorrows

Chairman’s message

Stewardship Through Transformation

Jan Boullé sets the year in context, from regional scale and portfolio decisions to governance and leadership continuity.

In conversation with the Group CEO and Deputy CEO

Building the future

A shared conversation links Group performance with the next phase of Beyond Borders and people-led execution.

CFO’s Report

Transformation in Action

Cédrik Le Juge de Segrais explains earnings quality, regional contribution and disciplined capital deployment.

Key financial figures

The Beginning of a New Chapter

The most decision-useful figures come first. Prior-year comparatives, movements and assurance remain visible without decorative graphs.

RevenueRs 120.8bn
FY2024: Rs 101.6bn+19%
EBITDARs 12.8bn
FY2024: Rs 10.0bn+28%
Operating profitRs 7.4bn
FY2024: Rs 5.5bn+36%
Profit for the yearRs 5.0bn
FY2024: Rs 5.6bn-11%

Profit before tax

Rs 4.5bn+3% year on year · Audited

Earnings per share

Rs 4.42-6% year on year · Audited

International revenue

54%of Group revenue

International presence

22territories

Our international presence

IBL works across 22 territories.

17831325610151416172221201819491112
  • Brazil
  • Bulgaria
  • China
  • Comoros
  • France
  • India
  • Ivory Coast
  • Kenya
  • Madagascar
  • Maldives
  • Mauritius
  • Réunion
  • Romania
  • Seychelles
  • Singapore
  • Somalia
  • South Sudan
  • Sri Lanka
  • Tanzania
  • UAE
  • Uganda
  • Zimbabwe

Revenue by geography

Mauritius · 46%Rs 55.3bn
East Africa · 37%Rs 44.4bn
Indian Ocean · 15%Rs 18.6bn
Other markets · 2%Rs 2.6bn

FY2025 audited reference figures · Illustrative USD conversion at USD 1 = MUR 46.50

Performance by clusters

Choose where to explore.

Four direct gateways take readers to the corresponding cluster performance section.

Regionalisation in action

Strategy made tangible.

Editorial case studies connect regional ambition with real decisions, teams and operating outcomes.

01
16:9 · 08:20 · CCCorporate Services video

Corporate Services

Corporate Services as the spine that's enabled the decade

Thierry LabatGroup Head of Corporate Services
02
16:9 · 10:45 · CCInterview croisée video

Réunion / Indian Ocean x East Africa

Interview croisée

Anaïck LarabiHead of Group Legal Affairs & Development, Réunion / Indian Ocean Area
Michel PilotCOO — IBL East Africa

Growth enablers

Explore the capabilities behind growth.

Select an enabler to see its progress narrative and route into the full chapter.

Capability 01

People

GREAT: The IBL Academy, internal mobility and tailored development programmes are building capability across the Group.

Open the People chapter

Stay informed

Financial news, when it matters.

Receive results releases, integrated reports and important investor announcements.

Investor contact

Yovish Appadoo

Yovish Appadoo

Head of Group Financial Analytics - IBL Group

Get in touch

Download section

Files and financial data.

Download the complete report, financial statements, reusable data and accessible video resources.

Annual report sections

Full report and data