Diluted HEPS up 21.6% y-y to 88.3cps (FY25: 72.6cps).
Net turnover increased by 8.8% y-y to R7.2bn. Rooms revenue increased by 8.2% y-y to R4.8bn. Food and beverage revenue increased by 9.4% y-y to R1.7bn.
Expenses increased by 6.3% y-y while expenses-to-sales decreased from 76.4% to 74.6%.
OPM increased from 23.6% to 25.4%.
Dividend of 30.0cps (FY25: 25.0cps).
Cash generated from operating activities down 12.5% y-y to R1 337m. Gross debt decreased from R662m to R549m.
Overall occupancy rate improved from 60.8% to 62.9%. Offshore occupancy declined from 40.5% to 39.5%, including Paradise Sun at 0% for the closed period.
Average room rate increased by 4.2% y-y to R1 525.
The strong performance was driven by demand, supported by Meetings, Conventions, Incentives and Events, and corporate and leisure foreign inbound travel, mostly in Gauteng and the Western Cape.
Positive momentum has been interrupted by the Middle East war. A meaningful portion of airlift into the Seychelles originates from the Middle East and has materially reduced.
