Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director John Brennan was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 23
Lux Island Resorts Ltd Declares Interim Dividend in Respect of the Financial Year Ending 30 June 2026, Payable on or About 9 March 2026 The Board of Directors of Lux Island Resorts Ltd. has, on 21 January 2026, declared an interim dividend of MUR 1.25 per share in respect of the financial year ending 30 June 2026. This dividend will be paid to all shareholders of the Company registered at close of business on 9 February 2026. This dividend will be paid on or about 9 March 2026. The shares of the Company will be traded cum-dividend up to the market day of 4 February 2026 and ex-dividend as from 5 February 2026. Announcement • Nov 18
Lux Island Resorts Ltd, Annual General Meeting, Dec 10, 2025 Lux Island Resorts Ltd, Annual General Meeting, Dec 10, 2025, at 10:00 Arabian Standard Time. Location: cyril lagesse auditorium, 1st floor, ibl house, caudan waterfront, port louis, Mauritius Announcement • Nov 18
Lux Island Resorts Ltd, Annual General Meeting, Dec 09, 2024 Lux Island Resorts Ltd, Annual General Meeting, Dec 09, 2024, at 10:00 Arabian Standard Time. Location: cyril lagesse auditorium, 1st floor, ibl house, caudan waterfront, port louis, Mauritius Reported Earnings • Oct 25
First quarter 2025 earnings released: EPS: MU₨0.14 (vs MU₨0.41 loss in 1Q 2024) First quarter 2025 results: EPS: MU₨0.14 (up from MU₨0.41 loss in 1Q 2024). Revenue: MU₨2.18b (up 26% from 1Q 2024). Net income: MU₨19.9m (up MU₨76.1m from 1Q 2024). Profit margin: 0.9% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Africa. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 26
Full year 2024 earnings released: EPS: MU₨8.27 (vs MU₨10.63 in FY 2023) Full year 2024 results: EPS: MU₨8.27 (down from MU₨10.63 in FY 2023). Revenue: MU₨9.72b (up 25% from FY 2023). Net income: MU₨1.13b (down 22% from FY 2023). Profit margin: 12% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Hospitality industry in Africa. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 20
Upcoming dividend of MU₨1.50 per share Eligible shareholders must have bought the stock before 27 May 2024. Payment date: 27 June 2024. Trailing yield: 3.7%. Lower than top quartile of Mauritian dividend payers (5.9%). Lower than average of industry peers (4.4%). Reported Earnings • Apr 27
Third quarter 2024 earnings released: EPS: MU₨3.85 (vs MU₨7.42 in 3Q 2023) Third quarter 2024 results: EPS: MU₨3.85 (down from MU₨7.42 in 3Q 2023). Revenue: MU₨2.84b (up 22% from 3Q 2023). Net income: MU₨527.5m (down 48% from 3Q 2023). Profit margin: 19% (down from 44% in 3Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Global Hospitality industry. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 31
Upcoming dividend of MU₨1.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 07 February 2024. Payment date: 04 March 2024. Trailing yield: 3.6%. Lower than top quartile of Mauritian dividend payers (6.1%). Lower than average of industry peers (5.5%). Announcement • Jan 21
Lux Island Resorts Ltd Declares an Interim Dividend for the Financial Year Ending 30 June 2024, Payable on or About 4 March 2024 Notice is hereby given that the Board of Directors of Lux Island Resorts Ltd. has, at a meeting held on 19 January 2024, declared an interim dividend of MUR 1.00 per share in respect of the financial year ending 30 June 2024. This dividend will be paid to all shareholders of the Company registered at close of business on 9 February 2024. This dividend will be paid on or about 4 March 2024. The shares of the Company will be traded cum-dividend up to the market day of 6 February 2024 and ex-dividend as from 7 February 2024. Reported Earnings • Jan 20
Second quarter 2024 earnings released: EPS: MU₨3.88 (vs MU₨2.63 in 2Q 2023) Second quarter 2024 results: EPS: MU₨3.88 (up from MU₨2.63 in 2Q 2023). Revenue: MU₨2.89b (up 27% from 2Q 2023). Net income: MU₨531.3m (up 47% from 2Q 2023). Profit margin: 18% (up from 16% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • Nov 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Sep 26
Full year 2023 earnings released: EPS: MU₨10.63 (vs MU₨3.49 in FY 2022) Full year 2023 results: EPS: MU₨10.63 (up from MU₨3.49 in FY 2022). Revenue: MU₨8.23b (up 32% from FY 2022). Net income: MU₨1.46b (up 205% from FY 2022). Profit margin: 18% (up from 7.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. New Risk • Jul 17
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks High level of debt (56% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Upcoming Dividend • Jul 07
Upcoming dividend of MU₨2.00 per share Eligible shareholders must have bought the stock before 14 July 2023. Payment date: 04 August 2023. The company last paid an ordinary dividend in May 2014. The average dividend yield among industry peers is 5.3%. Reported Earnings • May 13
Third quarter 2023 earnings released: EPS: MU₨7.42 (vs MU₨2.01 in 3Q 2022) Third quarter 2023 results: EPS: MU₨7.42 (up from MU₨2.01 in 3Q 2022). Revenue: MU₨2.32b (up 20% from 3Q 2022). Net income: MU₨1.02b (up 269% from 3Q 2022). Profit margin: 44% (up from 14% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 25
Second quarter 2023 earnings released: EPS: MU₨2.63 (vs MU₨3.09 in 2Q 2022) Second quarter 2023 results: EPS: MU₨2.63 (down from MU₨3.09 in 2Q 2022). Revenue: MU₨2.28b (up 19% from 2Q 2022). Net income: MU₨360.7m (down 15% from 2Q 2022). Profit margin: 16% (down from 22% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 19
First quarter 2023 earnings released: MU₨2.65 loss per share (vs MU₨2.66 loss in 1Q 2022) First quarter 2023 results: MU₨2.65 loss per share. Revenue: MU₨1.52b (up 123% from 1Q 2022). Net loss: MU₨363.0m (loss widened 12% from 1Q 2022). Announcement • Nov 16
Lux Island Resorts Ltd, Annual General Meeting, Dec 08, 2022 Lux Island Resorts Ltd, Annual General Meeting, Dec 08, 2022, at 10:00 Mauritius Standard Time. Location: Cyril Lagesse Auditorium, 1st Floor, IBL House Caudan Waterfront Port Louis Mauritius Agenda: To consider and approve the audited financial statements for the year ended 30 June 2022; to receive the auditors report; to consider the annual report; to re-election of directors; to elect Ms Jenifer Chung Wong Tsang as Director of the Company; to ratify the remuneration paid to the non-executive directors and auditors for the year ended June 30, 2022; and to consider other matter. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Non-Executive Director Gerhard Hecker was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 08
Full year 2022 earnings released: EPS: MU₨3.49 (vs MU₨7.72 loss in FY 2021) Full year 2022 results: EPS: MU₨3.49 (up from MU₨7.72 loss in FY 2021). Revenue: MU₨6.81b (up 267% from FY 2021). Net income: MU₨478.7m (up MU₨1.54b from FY 2021). Profit margin: 7.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 27
Third quarter 2022 earnings released: EPS: MU₨2.01 (vs MU₨1.46 loss in 3Q 2021) Third quarter 2022 results: EPS: MU₨2.01 (up from MU₨1.46 loss in 3Q 2021). Revenue: MU₨1.94b (up 171% from 3Q 2021). Net income: MU₨276.0m (up MU₨476.4m from 3Q 2021). Profit margin: 14% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Non-Executive Director Gerhard Hecker was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jan 26
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: MU₨3.09 (up from MU₨1.39 loss in 2Q 2021). Revenue: MU₨1.91b (up 155% from 2Q 2021). Net income: MU₨423.5m (up MU₨614.3m from 2Q 2021). Profit margin: 22% (up from net loss in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • May 13
Third quarter 2021 earnings released: MU₨1.46 loss per share (vs MU₨1.10 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: MU₨715.3m (down 53% from 3Q 2020). Net loss: MU₨200.3m (down 232% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 09
New 90-day low: MU₨24.50 The company is down 8.0% from its price of MU₨26.50 on 09 December 2020. The Mauritian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 2.0% over the same period. Is New 90 Day High Low • Feb 10
New 90-day low: MU₨25.00 The company is down 4.0% from its price of MU₨26.00 on 12 November 2020. The Mauritian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 5.0% over the same period. Reported Earnings • Jan 23
Second quarter 2021 earnings released: MU₨1.39 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: MU₨749.7m (down 60% from 2Q 2020). Net loss: MU₨190.8m (down 163% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 25
New 90-day high: MU₨28.60 The company is up 2.0% from its price of MU₨28.00 on 27 August 2020. The Mauritian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 3.0% over the same period. Reported Earnings • Nov 11
First quarter 2021 earnings released: MU₨2.66 loss per share The company reported a poor first quarter result with increased losses and weaker revenues and control over expenses. First quarter 2021 results: Revenue: MU₨329.8m (down 73% from 1Q 2020). Net loss: MU₨364.9m (loss widened 342% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 04
Full year 2020 earnings released: MU₨6.40 loss per share The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: MU₨4.84b (down 21% from FY 2019). Net income: MU₨2.93b (up 453% from FY 2019). Profit margin: 61% (up from 8.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 13
New 90-day low: MU₨24.00 The company is down 8.0% from its price of MU₨26.00 on 15 July 2020. The Mauritian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Hospitality industry, which is also down 8.0% over the same period.