Tillkännagivande • Nov 10
IBL Ltd, Annual General Meeting, Nov 28, 2025 IBL Ltd, Annual General Meeting, Nov 28, 2025, at 10:00 Arabian Standard Time. Location: cyril lagesse auditorium, 1st floor ibl house, caudan waterfront, port louis, Mauritius Tillkännagivande • Jul 26
The Access Bank UK Limited completed the acquisition of 76% stake in AfrAsia Bank Limited from IBL Ltd (MUSE:IBLL.N0000), National Bank of Canada (TSX:NA), BMH Ltd (MUSE:BMHL.N0000) and others. The Access Bank UK Limited entered into a binding agreement to acquire an 76% stake in AfrAsia Bank Limited from IBL Ltd (MUSE:IBLL.N0000), National Bank of Canada (TSX:NA), BMH Ltd (MUSE:BMHL.N0000) and others on November 13, 2024. as part of the acquisition, IBL Ltd intends to sell its 30.29% shareholding in AfrAsia Bank Limited. The proceeds from this divestiture will allow IBL Ltd to reduce its debt and be in a better position to manage and grow its investment portfolio in order to continue to create value for its shareholders. As of July 23, 2025, IBL Ltd completed the disposal of a 22.40%, out of its total 30.29% equity stake in AfrAsia Bank Limited. As a result, IBL will retain a 7.89% equity stake in ABL alongside Access Bank UK Limited.
For the period ending June 30, 2024, AfrAsia Bank Limited reported Net Profit After Tax of $152.4 million. As of June 30, 2024, AfrAsia Bank Limited reported total assets of $5.7 billion.
The transaction was approved by IBL’s Board of Directors. The transaction will be subject to the satisfactory completion of conditions precedent, the obtention of relevant regulatory approvals and any other approvals required by the parties.
Rizwan Rahman of CMS Cameron McKenna Nabarro Olswang LLP acted as legal advisor to The Access Bank UK Limited.
The Access Bank UK Limited completed the acquisition of 76% stake in AfrAsia Bank Limited from IBL Ltd (MUSE:IBLL.N0000), National Bank of Canada (TSX:NA), BMH Ltd (MUSE:BMHL.N0000) and others on July 24, 2025. The transaction has received all necessary regulatory approvals. Reported Earnings • Nov 16
First quarter 2025 earnings released: EPS: MU₨0.80 (vs MU₨1.19 in 1Q 2024) First quarter 2025 results: EPS: MU₨0.80 (down from MU₨1.19 in 1Q 2024). Revenue: MU₨28.7b (up 25% from 1Q 2024). Net income: MU₨545.2m (down 33% from 1Q 2024). Profit margin: 1.9% (down from 3.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 11
IBL Ltd, Annual General Meeting, Nov 29, 2024 IBL Ltd, Annual General Meeting, Nov 29, 2024, at 14:00 Arabian Standard Time. Location: cyril lagesse auditorium, 1st floor ibl house, caudan waterfront, port louis, Mauritius Reported Earnings • Oct 01
Full year 2024 earnings released: EPS: MU₨4.53 (vs MU₨4.51 in FY 2023) Full year 2024 results: EPS: MU₨4.53 (up from MU₨4.51 in FY 2023). Revenue: MU₨102.0b (up 89% from FY 2023). Net income: MU₨3.08b (flat on FY 2023). Profit margin: 3.0% (down from 5.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Jun 08
Dividend increased to MU₨0.55 Dividend of MU₨0.55 is 10% higher than last year. Ex-date: 20th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.8%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 9%. Reported Earnings • May 17
Third quarter 2024 earnings released: EPS: MU₨1.02 (vs MU₨0.88 in 3Q 2023) Third quarter 2024 results: EPS: MU₨1.02 (up from MU₨0.88 in 3Q 2023). Revenue: MU₨25.8b (up 93% from 3Q 2023). Net income: MU₨694.9m (up 16% from 3Q 2023). Profit margin: 2.7% (down from 4.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Second quarter 2024 earnings released: EPS: MU₨0.82 (vs MU₨0.61 in 2Q 2023) Second quarter 2024 results: EPS: MU₨0.82 (up from MU₨0.61 in 2Q 2023). Revenue: MU₨29.1b (up 96% from 2Q 2023). Net income: MU₨560.2m (up 36% from 2Q 2023). Profit margin: 1.9% (down from 2.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of MU₨0.18 per share at 1.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 December 2023. Trailing yield: 1.5%. Lower than top quartile of Mauritian dividend payers (5.9%). Lower than average of industry peers (2.7%). New Risk • Nov 17
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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 14
First quarter 2024 earnings released First quarter 2024 results: Revenue: MU₨22.9b (up 88% from 1Q 2023). Net income: MU₨808.5m (up 226% from 1Q 2023). Profit margin: 3.5% (up from 2.0% in 1Q 2023). The increase in margin was driven by higher revenue. Tillkännagivande • Nov 11
IBL Ltd, Annual General Meeting, Nov 30, 2023 IBL Ltd, Annual General Meeting, Nov 30, 2023, at 09:30 Mauritius Standard Time. Location: the Cyril Lagesse Auditorium, 1st Floor IBL House, Caudan Waterfront, Port Louis Port Louis Mauritius Agenda: To consider and adopt the Group's and Company's audited financial statements for the year ended 30 June 2023; to election of board of directors; to fix the remuneration of the Directors of IBL Ltd for the year ending 30 June 2024 and to ratify the fees paid to the Directors for the year ended 30 June 2023.; to take note of the automatic re-appointment of Messrs. Deloitte as Auditors of the Company; and to ratify the remuneration paid to the auditors. Reported Earnings • Oct 01
Full year 2023 earnings released: EPS: MU₨4.51 (vs MU₨1.71 in FY 2022) Full year 2023 results: EPS: MU₨4.51 (up from MU₨1.71 in FY 2022). Revenue: MU₨54.1b (up 20% from FY 2022). Net income: MU₨3.06b (up 164% from FY 2022). Profit margin: 5.7% (up from 2.6% 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 114% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 14
Upcoming dividend of MU₨0.50 per share at 1.5% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 10 July 2023. Payout ratio is a comfortable 30% and the cash payout ratio is 87%. Trailing yield: 1.5%. Lower than top quartile of Mauritian dividend payers (6.8%). Lower than average of industry peers (2.7%). Tillkännagivande • Jun 09
IBL Ltd Declares Final Dividend in Respect of the Financial Year Ending 30 June 2023, Payable on or About 10 July 2023 Board of Directors of IBL Ltd. has declared a final dividend of MUR 0.50 per share payable in respect of all the ordinary shares of the Company. This dividend is in respect of the financial year ended 30 June 2023 and will be payable in full to all the shareholders of the Company registered at close of business on 23 June 2023. The dividend will be paid on or about 10 July 2023. THE shares of the Company will be traded cum-dividend up to the market day of20 June 2023 and ex-dividend on 21 June 2023. Reported Earnings • May 13
Third quarter 2023 earnings released: EPS: MU₨0.88 (vs MU₨0.59 in 3Q 2022) Third quarter 2023 results: EPS: MU₨0.88 (up from MU₨0.59 in 3Q 2022). Revenue: MU₨13.4b (up 22% from 3Q 2022). Net income: MU₨601.1m (up 50% from 3Q 2022). Profit margin: 4.5% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 17
IBL Ltd (MUSE:IBLL.N0000) has signed an agreement to acquire unknown majority stake in Harley's Limited. IBL Ltd (MUSE:IBLL.N0000) has signed an agreement to acquire unknown majority stake in Harley's Limited on February 16, 2023. Completion of the transaction is subject to conditions precedent, including receipt of relevant regulatory approvals and satisfaction of legal requirements. Reported Earnings • Feb 17
Second quarter 2023 earnings released: EPS: MU₨0.61 (vs MU₨0.84 in 2Q 2022) Second quarter 2023 results: EPS: MU₨0.61 (down from MU₨0.84 in 2Q 2022). Revenue: MU₨14.9b (up 20% from 2Q 2022). Net income: MU₨412.3m (down 28% from 2Q 2022). Profit margin: 2.8% (down from 4.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 31
Atlantic Financial Group agreed to acquire a 30.29% stake in AfrAsia Bank Limited from IBL Ltd (MUSE:IBLL.N0000). Atlantic Financial Group agreed to acquire a 30.29% stake in AfrAsia Bank Limited from IBL Ltd (MUSE:IBLL.N0000) on December 29, 2022. Transaction is subject to regulatory approvals. Upcoming Dividend • Dec 13
Upcoming dividend of MU₨0.16 per share Eligible shareholders must have bought the stock before 20 December 2022. Payment date: 30 December 2022. Trailing yield: 1.2%. Lower than top quartile of Mauritian dividend payers (4.9%). Lower than average of industry peers (2.6%). Tillkännagivande • Dec 10
IBL Ltd, Annual General Meeting, Dec 30, 2022 IBL Ltd, Annual General Meeting, Dec 30, 2022, at 09:30 Mauritius Standard Time. Location: Cyril Lagesse Auditorium, 1st Floor IBL House, Caudan Waterfront, Port Louis Port - Louis Mauritius Agenda: To consider and adopt the Group's and Company's audited financial statements; to elect on the recommendation of the Board, Mr. Georges Desvaux who offers himself for election as Director of the Company; to elect on the recommendation of the Board, Mr. William Egbe, who offers himself for election as Director of the Company; to re-elect by rotation, on the recommendation of the Board, Mrs. Martine Fleuriot de la Colinière; to re-elect by rotation, on the recommendation of the Board, Mr. Thierry Lagesse; to re-elect by rotation, on the recommendation of the Board, Mr. Jean-Pierre Lagesse; to re-elect by rotation, on the recommendation of the Board, Mr. Jean Ribet; to fix the remuneration of the Directors of IBL Ltd for the year; to take note of the automatic re-appointment of Messrs. Deloitte as Auditors of the Company; and to ratify the remuneration paid to the Auditors. Tillkännagivande • Dec 07
IBL Ltd Declares Interim Dividend in Respect of the Financial Year Ending 30 June 2023, Payable on 30 December 2022 the Board of Directors of IBL Ltd. has declared an interim dividend of MUR 0.16 per share payable in respect of the financial year ending 30 June 2023. This dividend will be payable in full to all the shareholders of the Company registered at close of business on 22 December 2022. The dividend will be paid on or about 30 December 2022. The shares of the Company will be traded cum-dividend up to the market day of 19 December 2022 and ex-dividend on 20 December 2022. Reported Earnings • Dec 01
First quarter 2023 earnings released: EPS: MU₨0.36 (vs MU₨0.28 in 1Q 2022) First quarter 2023 results: EPS: MU₨0.36 (up from MU₨0.28 in 1Q 2022). Revenue: MU₨12.2b (up 28% from 1Q 2022). Net income: MU₨247.7m (up 28% from 1Q 2022). Profit margin: 2.0% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 05
Full year 2022 earnings released: EPS: MU₨1.71 (vs MU₨0.22 in FY 2021) Full year 2022 results: EPS: MU₨1.71 (up from MU₨0.22 in FY 2021). Revenue: MU₨45.0b (up 26% from FY 2021). Net income: MU₨1.16b (up MU₨1.01b from FY 2021). Profit margin: 2.6% (up from 0.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 13
Upcoming dividend of MU₨0.45 per share Eligible shareholders must have bought the stock before 20 June 2022. Payment date: 29 June 2022. Trailing yield: 1.2%. Lower than top quartile of Mauritian dividend payers (3.9%). Lower than average of industry peers (2.3%). Reported Earnings • May 15
Third quarter 2022 earnings released: EPS: MU₨0.59 (vs MU₨0.15 loss in 3Q 2021) Third quarter 2022 results: EPS: MU₨0.59 (up from MU₨0.15 loss in 3Q 2021). Revenue: MU₨11.0b (up 35% from 3Q 2021). Net income: MU₨401.3m (up MU₨502.6m from 3Q 2021). Profit margin: 3.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% 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 • Feb 16
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: MU₨1.16 (up from MU₨0.50 in 2Q 2021). Revenue: MU₨12.4b (up 21% from 2Q 2021). Net income: MU₨791.7m (up 132% from 2Q 2021). Profit margin: 6.4% (up from 3.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 19
Upcoming dividend of MU₨0.15 per share Eligible shareholders must have bought the stock before 26 November 2021. Payment date: 15 December 2021. Trailing yield: 0.9%. Lower than top quartile of Mauritian dividend payers (3.4%). Lower than average of industry peers (2.1%). Reported Earnings • Nov 13
First quarter 2022 earnings released: EPS MU₨0.28 (vs MU₨0.008 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: MU₨9.48b (up 8.9% from 1Q 2021). Net income: MU₨193.9m (up MU₨199.7m from 1Q 2021). Profit margin: 2.0% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS MU₨0.14 (vs MU₨1.72 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: MU₨35.9b (down 2.6% from FY 2020). Net income: MU₨98.7m (up MU₨1.27b from FY 2020). Profit margin: 0.3% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 29
Upcoming dividend of MU₨0.33 per share Eligible shareholders must have bought the stock before 05 July 2021. Payment date: 15 July 2021. Trailing yield: 0.9%. Lower than top quartile of Mauritian dividend payers (4.1%). Lower than average of industry peers (3.6%). Reported Earnings • May 13
Third quarter 2021 earnings released: MU₨0.15 loss per share (vs MU₨0.14 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₨8.14b (down 12% from 3Q 2020). Net loss: MU₨101.3m (down 207% 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 114 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 04
New 90-day low: MU₨43.50 The company is down 5.0% from its price of MU₨46.00 on 04 December 2020. The Mauritian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is flat over the same period. Reported Earnings • Feb 17
Second quarter 2021 earnings released: EPS MU₨0.50 (vs MU₨0.39 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: MU₨10.3b (down 12% from 2Q 2020). Net income: MU₨340.8m (up 30% from 2Q 2020). Profit margin: 3.3% (up from 2.2% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 28
New 90-day high: MU₨48.00 The company is up 9.0% from its price of MU₨44.00 on 29 September 2020. The Mauritian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is flat over the same period. Upcoming Dividend • Dec 12
Upcoming Dividend of MU₨0.11 Per Share Will be paid on the 30th of December to those who are registered shareholders by the 18th of December. The trailing yield of 1.1% is below the top quartile of Mauritian dividend payers (5.7%), and is lower than industry peers (2.9%). Is New 90 Day High Low • Dec 07
New 90-day high: MU₨46.05 The company is up 6.0% from its price of MU₨43.50 on 08 September 2020. The Mauritian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is flat over the same period. Reported Earnings • Dec 04
Third quarter 2020 earnings released: EPS MU₨0.14 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: MU₨9.23b (down 4.3% from 3Q 2019). Net income: MU₨94.6m (down 44% from 3Q 2019). Profit margin: 1.0% (down from 1.7% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 18
New 90-day high: MU₨44.10 The company is up 1.0% from its price of MU₨43.50 on 20 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 Diversified Financial industry, which is down 2.0% over the same period. Tillkännagivande • Jul 30
IBL Ltd (MUSE:IBLL.N0000) along with a financial partner cancelled the acquisition of The General Construction Company Limited. IBL Ltd (MUSE:IBLL.N0000) along with a financial partner agreed to acquire The General Construction Company Limited on June 24, 2019. Transaction is subject to due diligence, regulatory approvals and final corporate approval.
IBL Ltd (MUSE:IBLL.N0000) along with a financial partner cancelled the acquisition of The General Construction Company Limited on April 15, 2020. Transaction was cancelled due to negative impact of COVID-19 on the Mauritius economy. 