Africa-Press – Mauritius. Following its first audited period after going public, Riveo Limited reported consolidated revenues of Rs 1.67 billion over seven months. Despite a net loss of Rs 113 million due to temporary closures and renovation programs, the group confirms its premium positioning strategy supported by an ambitious investment plan funded through an €80 million capital raise.
Riveo Limited, a hotel holding company listed in November 2024 and owner of Four Seasons Resort Mauritius at Anahita, Shangri-La Le Touessrok & Spa, and Île aux Cerfs Golf & Leisure Island, published its audited results as of June 30, 2025, covering a partial seven-month period. This period was marked by significant strategic repositioning efforts.
The group faced operational disruptions including a three-month closure of the Four Seasons Resort starting April 2025 for renovation works and a phased reopening of Shangri-La Le Touessrok & Spa, which resumed activities on October 19, 2024, after five months of renovation. The consolidated EBITDA stood at Rs 167 million, while net income after tax showed a loss of Rs 113 million. This loss includes non-recurring expenses related to renovations and the mandatory 14th-month salary payment.
To support its upscale strategy, Riveo secured €80 million in funding dedicated to its renovation program. The group held available cash of Rs 1.0 billion at the end of the period, ensuring sufficient financial strength to carry forward its projects. The current fiscal year is primarily a transition phase.
Management is focusing on accelerating the commercial rebound of Shangri-La Le Touessrok & Spa, relaunched in October 2024, and anticipates gradual improvements in consolidated margins following the Four Seasons reopening scheduled for November 2025. These renovations align with Riveo’s broader ambition to enhance client experience and solidify the premium positioning of its hotel portfolio. The group also demonstrates a strong commitment to sustainable development by integrating international environmental management standards into all its transformation projects.
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