New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mauritian stocks, typically moving 3.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (3.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (MU₨750.7m market cap, or US$15.8m). Board Change • May 20
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 not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Non-Executive Director Laura Yeung 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 • Nov 05
BlueLife Limited, Annual General Meeting, Nov 26, 2025 BlueLife Limited, Annual General Meeting, Nov 26, 2025, at 10:00 Arabian Standard Time. Location: azuri village, roches noires, Mauritius Announcement • Jul 02
BlueLife Limited announces Annual dividend, payable on September 30, 2025 BlueLife Limited announced Annual dividend of MUR 0.0200 per share payable on September 30, 2025, ex-date on July 14, 2025 and record date on July 16, 2025. Reported Earnings • Nov 12
First quarter 2025 earnings released: EPS: MU₨0.016 (vs MU₨0.012 in 1Q 2024) First quarter 2025 results: EPS: MU₨0.016 (up from MU₨0.012 in 1Q 2024). Revenue: MU₨312.8m (down 21% from 1Q 2024). Net income: MU₨18.7m (up 34% from 1Q 2024). Profit margin: 6.0% (up from 3.6% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 28
Full year 2024 earnings released: EPS: MU₨0.13 (vs MU₨0.047 in FY 2023) Full year 2024 results: EPS: MU₨0.13 (up from MU₨0.047 in FY 2023). Revenue: MU₨1.56b (up 55% from FY 2023). Net income: MU₨146.1m (up 169% from FY 2023). Profit margin: 9.4% (up from 5.4% in FY 2023). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
Third quarter 2024 earnings released: EPS: MU₨0.023 (vs MU₨0.022 loss in 3Q 2023) Third quarter 2024 results: EPS: MU₨0.023 (up from MU₨0.022 loss in 3Q 2023). Revenue: MU₨360.5m (up 149% from 3Q 2023). Net income: MU₨26.6m (up MU₨52.3m from 3Q 2023). Profit margin: 7.4% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Second quarter 2024 earnings released: EPS: MU₨0.027 (vs MU₨0.018 in 2Q 2023) Second quarter 2024 results: EPS: MU₨0.027 (up from MU₨0.018 in 2Q 2023). Revenue: MU₨331.3m (up 61% from 2Q 2023). Net income: MU₨31.4m (up 49% from 2Q 2023). Profit margin: 9.5% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Jan 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Mauritian stocks, typically moving 5.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.1% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.7% net profit margin). Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (MU₨600.6m market cap, or US$13.2m). Market cap is less than US$100m (MU₨600.6m market cap, or US$13.2m). Reported Earnings • Nov 11
First quarter 2024 earnings released: EPS: MU₨0.012 (vs MU₨0.004 loss in 1Q 2023) First quarter 2024 results: EPS: MU₨0.012 (up from MU₨0.004 loss in 1Q 2023). Revenue: MU₨394.0m (up 188% from 1Q 2023). Net income: MU₨14.0m (up MU₨18.4m from 1Q 2023). Profit margin: 3.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Oct 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x 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 Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (6.8% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (MU₨646.8m market cap, or US$14.5m). New Risk • Sep 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.4% Last year net profit margin: 32% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (MU₨646.8m market cap, or US$14.4m). Reported Earnings • Sep 27
Full year 2023 earnings released: EPS: MU₨0.047 (vs MU₨0.097 in FY 2022) Full year 2023 results: EPS: MU₨0.047 (down from MU₨0.097 in FY 2022). Revenue: MU₨1.01b (up 184% from FY 2022). Net income: MU₨54.3m (down 51% from FY 2022). Profit margin: 5.4% (down from 32% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: MU₨196.0m (up 101% from 2Q 2022). Net income: MU₨20.7m (up MU₨42.5m from 2Q 2022). Profit margin: 11% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Nov 24
BlueLife Limited, Annual General Meeting, Dec 15, 2022 BlueLife Limited, Annual General Meeting, Dec 15, 2022, at 13:30 Mauritius Standard Time. Location: The Gallery, Radisson Blu Azuri Resort & Spa Azuri Ocean & Golf Village, Roches Noires Riviere du Rempart Mauritius Agenda: To receive, consider and approve the Group's and Company's audited financial statements for the year ended 30 June 2022, including the Annual Report and the Auditor's Report; to elect as Director of the Company, Mr. Gaëtan Siew Hew Sam, who has been nominated by the Board and who offers himself for election; to fix the remuneration of the Directors of BlueLife Limited for the year ending 30 June 2023 and to ratify the fees paid to the Directors for the year ended 30 June 2022; to take note of the automatic re-appointment of Messrs. RSM LLP as Auditors of the Company for the year ending 30 June 2023 and to authorize the Board to fix their remuneration; and to ratify the remuneration paid to the Auditors for the year ended 30 June 2022. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Non-Executive Director Thierry Sauzier 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. Lack of board continuity. Reported Earnings • Sep 29
Full year 2022 earnings released: EPS: MU₨0.097 (vs MU₨0.15 loss in FY 2021) Full year 2022 results: EPS: MU₨0.097 (up from MU₨0.15 loss in FY 2021). Revenue: MU₨354.3m (up 234% from FY 2021). Net income: MU₨111.6m (up MU₨290.2m from FY 2021). Profit margin: 32% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Non-Executive Director Thierry Sauzier 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. Lack of board continuity. Reported Earnings • Feb 11
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Net loss: MU₨21.8m (loss widened MU₨20.7m from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 03
Full year 2021 earnings released: MU₨0.15 loss per share (vs MU₨0.33 loss in FY 2020) Full year 2021 results: Net loss: MU₨178.6m (loss narrowed 18% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 12
Second quarter 2021 earnings released: MU₨0.01 loss per share (vs MU₨0.024 loss in 2Q 2020) Second quarter 2021 results: Net loss: MU₨5.99m (loss narrowed 62% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jan 13
BlueLife Limited Announces Executive Changes The Board of Directors of BlueLife Limited announced that it has appointed Mr. Jean-Claude Béga as Chairman of the Board in replacement of Mr. Sunil Banymandhub who has expressed the wish to step down as Chairman whilst remaining a Board member as Non-Executive Director. Is New 90 Day High Low • Jan 06
New 90-day high: MU₨1.24 The company is up 31% from its price of MU₨0.95 on 08 October 2020. The Mauritian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. Announcement • Nov 19
BlueLife Limited, Annual General Meeting, Dec 10, 2020 BlueLife Limited, Annual General Meeting, Dec 10, 2020, at 13:30 Mauritius Standard Time. Location: 1st Floor IBL House Port Louis Mauritius Agenda: To receive, consider and approve the Group's and Company's audited financial statements for the year ended 30 June 2020; to re-elect, on the recommendation of the Board, Sunil Banymandhub who offers himself for re-election to hold office until the next Annual Meeting; to elect as Director of the Company, Mrs. Michele Anne Espitalier Noel, who has been nominated by the Board and who offers herself for election; to elect as Director of the Company, Hugues Lagesse, who has been nominated by the Board and who offers himself for election; and to consider other matters. Reported Earnings • Nov 16
First quarter 2021 earnings released: MU₨0.12 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₨41.0m (down 68% from 1Q 2020). Net loss: MU₨77.2m (loss widened 187% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 11
New 90-day low: MU₨0.89 The company is down 21% from its price of MU₨1.12 on 13 August 2020. The Mauritian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 4.0% over the same period. Reported Earnings • Oct 27
Full year earnings released - MU₨0.33 loss per share Over the last 12 months the company has reported total losses of MU₨217.7m, with losses widening by 22% from the prior year. Total revenue was MU₨470.9m over the last 12 months, down 18% from the prior year. Announcement • Sep 26
BlueLife Limited to Report Fiscal Year 2020 Results on Oct 15, 2020 BlueLife Limited announced that they will report fiscal year 2020 results on Oct 15, 2020 Is New 90 Day High Low • Sep 22
New 90-day low: MU₨0.98 The company is down 23% from its price of MU₨1.28 on 24 June 2020. The Mauritian market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 2.0% over the same period. Announcement • Jul 21
BlueLife Limited Announce Management Changes The Board of Directors of BlueLife Limited announced that Jean-François de Comarmond has stepped down as Chief Executive Officer [CEO] on 17 July 2020 further to a mutual agreement with the Board. The Board of Directors has appointed Hugues Lagesse, currently Head of Project and Strategic Property Development, as Acting CEO. 
