Mauritian businessman Arnaud Lagesse’s IBL Group posts $87 million profit

Key Points

• IBL Group’s net profit rose to $87.4 million in nine months, driven by strong international operations and revenue growth.
• Revenue climbed to $2 billion, boosted by organic growth and expansion in East Africa and the Indian Ocean region.
• Total assets hit $2.94 billion, with shareholder equity increasing to $1.05 billion under Arnaud Lagesse’s leadership.

IBL Group, the Mauritian conglomerate led by multimillionaire businessman Arnaud Lagesse, reported a solid financial performance in the first nine months of its 2025 fiscal year, with net profit rising to $87.4 million. The results reflect the continued strength of its international operations, which helped cushion the impact of rising costs in its home market.

According to the group’s unaudited financial statements for the nine months ended March 31, 2025, profit rose from MUR3.88 billion ($85 million) a year earlier to MUR3.99 billion ($87.4 million). The improvement was largely driven by strong revenue growth.

IBL revenue rises to $2 billion

Revenue climbed from MUR75.9 billion ($1.66 billion) to MUR90.38 billion ($2 billion), supported by organic growth and contributions from newly acquired businesses. The group’s recent push into East Africa and the Indian Ocean region has started to pay off, reinforcing its “Beyond Borders” expansion plan.

Retail remained IBL’s largest revenue contributor, with sales rising from MUR40.8 billion ($894 million) to MUR48.78 billion ($1.07 billion). The consumer brands and distribution unit also posted notable gains, with revenue growing to MUR19.3 billion ($423 million) from MUR16.6 billion ($363.7 million) a year earlier.

Meanwhile, the group’s industrials and services segments generated MUR13.62 billion ($298.4 million) and MUR13.17 billion ($288.6 million), respectively, up from MUR10.8 billion ($236.7 million) and MUR12 billion ($262.3 million) during the same period last year.

Shareholder equity hits $1.05 billion

Under the leadership of Arnaud Lagesse, IBL Group has grown into one of the largest and most diversified companies in Mauritius. With more than 300 brands in over 22 countries, the group operates across four key industries and is listed on the Stock Exchange of Mauritius.

The group’s strong financial performance also boosted its balance sheet. Total assets rose from MUR127.59 billion ($2.8 billion) as of June 30, 2024, to MUR134.78 billion ($2.94 billion) by the end of March 2025. Shareholder equity also improved, increasing from MUR44.56 billion ($975.9 million) to MUR47.9 billion ($1.05 billion) over the same period.