Supported by Strong Financial Results: NMH to Repay MIC in the Coming Weeks

New Mauritius Hotels (NMH) has announced its intention to make an early repayment of a significant portion of the loan taken from the Mauritius Investment Corporation (MIC) within the coming weeks. This decision is made possible by the continuous improvement of its financial health over the past three years.

"This repayment, planned well ahead of the initial due date, reflects our commitment to act responsibly in line with our current financial situation," stated Stéphane Poupinel de Valencé, CEO of NMH, on Tuesday, November 11.

Indeed, the hotel group opened the financial year 2026 (from July 1, 2025, to June 30, 2026) on a positive note. For the first quarter, which is usually marked by the low season, NMH reported a revenue of Rs 3.6 billion, a 9% increase, despite the closure of the Shandrani Beachcomber Resort & Spa during this period. This performance can be attributed to a high occupancy rate in its 5-star establishments, a revised pricing policy following renovations, and optimized revenue management.

EBITDA stands at Rs 741 million (+32%), while the group recorded a net profit of Rs 121 million, in contrast to a loss of Rs 67 million during the same period last year. "NMH has made a very good start to the financial year 2026. It will continue its growth trajectory and financial discipline while activating new levers for value creation, notably with the construction of a second hotel in Morocco and a project to acquire one of the most beautiful luxury resorts in Zanzibar," Stéphane Poupinel de Valencé indicated.

*However, the group did not specify the amount that will be repaid.

NMH's projects…

…in Mauritius

The construction of the Harmonie Beachcomber Golf, an 18-hole course in Salines at Rivière-Noire, is progressing well, with completion expected in 2027.

…in Morocco

Discussions regarding the design and planning for the construction of a second resort are ongoing with financial partners and Fairmont, which will manage it. Work is expected to begin around July 2026.

…in Zanzibar

The due diligence exercise for the acquisition of a 5-star hotel is progressing favorably.