Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Innodis
On this page
Company details
- Legal name
- Innodis Ltd
- Listing
- No ticker printed on the Stock Exchange of Mauritius, active (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 30 June
Overview
Year ended 30 June 2026 · annual report, signed / final · source
Read with these figures
- Auditor's emphasis of matter. Emphasis of matter - restatement of comparative information: Note 33 describes retrospective adjustments to the Group's comparative information, restated as at 30 June 2025 and 1 July 2024 and for the year ended 30 June 2025; opinion not modified (p44).
Full wording and sources
Annual report for 2025: final status not established
The independent auditor's report to the members of Innodis Limited (Ernst & Young, Ebène; unmodified opinion, PDF p26) closes on p28 with the typeset names 'ERNST & YOUNG' and 'ANDRE LAI WAN LOONG, F.C.A, Licensed by FRC' and 'Date: 29 Sep 2025', with no signature (page image p28): name_printed_unsigned. The statement of financial position states 'Approved by the Board on 29 September 2025' with hand signatures of Mr Victor Cheh Seeyave (Chairperson) and Mr Jean-Pierre Claudio Lim Kong (Director) (PDF p31, page image).
Source: INNODIS LTD AND ITS SUBSIDIARIES - ANNUAL REPORT 2025 (dated 2025-09-29)
Auditor's emphasis of matter
Emphasis of matter - restatement of comparative information: Note 33 describes retrospective adjustments to the Group's comparative information, restated as at 30 June 2025 and 1 July 2024 and for the year ended 30 June 2025; opinion not modified (p44). Other matter: the 2025 and 2024 Group statements (excluding the note 33 adjustments) were audited by another auditor, unmodified opinions of 29 September 2025 and 27 September 2024 (p44).
Source: INNODIS LTD AND ITS SUBSIDIARIES ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2026 (dated 2026-09-28)
-
Revenue
MUR 6.45 billion
6,452,586 MUR thousands · p47
+3.7% vs 2025
-
Operating profit / (loss)
MUR 318 million
318,448 MUR thousands · p47
+13.5% vs 2025
-
Profit / (loss) for the year
MUR 162 million
162,225 MUR thousands · p47
+17.7% vs 2025
-
Total assets
MUR 6.70 billion
6,696,395 MUR thousands · p48
+19.2% vs 2025
-
Total equity
MUR 2.54 billion
2,544,298 MUR thousands · p48
+19.0% vs 2025
-
Cash from operations
MUR 38.3 million
38,258 MUR thousands · p54
−94.2% vs 2025
Large amounts are rounded for reading (MUR million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in MUR thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY to 30 Jun 2026 — annual report, signed / final; reported for the year · source
- FY to 30 Jun 2025 — annual report, signed / final; comparative in the FY to 30 Jun 2026 filing · source
- FY to 30 Jun 2024 — annual report, final status not established; comparative in the FY to 30 Jun 2025 filing · source
- Annual report for 2025: final status not established. The independent auditor's report to the members of Innodis Limited (Ernst & Young, Ebène; unmodified opinion, PDF p26) closes on p28 with the typeset names 'ERNST & YOUNG' and 'ANDRE LAI WAN LOONG, F.C.A, Licensed by FRC' and 'Date: 29 Sep 2025', with no signature (page image p28): name_printed_unsigned. The statement of financial position states 'Approved by the Board on 29 September 2025' with hand signatures of Mr Victor Cheh Seeyave (Chairperson) and Mr Jean-Pierre Claudio Lim Kong (Director) (PDF p31, page image).
Income statement
| Line (as printed) | FY to 30 Jun 2026Annual reportreported for the year | FY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filing | FY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingsource limitations |
|---|---|---|---|
| Revenue | 6,452,586 | 6,220,790 | 6,162,755 |
| Expected credit loss movement | (7,056) | (5,191) | 6,273 |
| Profit from operating activities | 318,448 | 280,551 | 234,076 |
| Finance income | 8,957 | 32,348 | 14,316 |
| Finance costs | (151,302) | (130,996) | (144,954) |
| Net finance cost1 | (142,345) | (98,648) | (130,638) |
| Profit before tax | 176,103 | 181,903 | 103,438 |
| Income tax expense | (13,878) | (44,040) | (6,780) |
| Profit/ (loss) for the year | 162,225 | 137,863 | 96,658 |
| Other comprehensive income/(loss) for the year | 362,827 | (16,163)2 | 35,310 |
| Total comprehensive income for the year | 525,052 | 121,7003 | 131,788 |
Notes and alternative reported figures (3)
- “Net finance cost” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: finance income less finance costs.
- Annual report dated 2025-09-29 prints (15,936) (thousands, p30) for this line and year.
- Annual report dated 2025-09-29 prints 121,927 (thousands, p30) for this line and year.
Balance sheet
| Line (as printed) | FY to 30 Jun 2026Annual reportreported for the year | FY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filing | FY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingsource limitations |
|---|---|---|---|
| Property, plant and equipment | 3,144,878 | 2,523,162 | 2,378,487 |
| Right-of-use assets | 182,595 | 196,720 | 216,689 |
| Intangible assets and goodwill | 28,447 | 14,554 | 17,889 |
| Bearer biological assets1 | 30,748 | 19,072 | 22,284 |
| Other investments2 | 40,202 | 41,803 | 35,560 |
| Retirement benefit assets3 | 7,114 | 11,426 | 10,366 |
| Deferred tax assets | 677 | 7,357 | 7,805 |
| Total non-current assets | 3,434,661 | 2,814,094 | 2,689,080 |
| Inventories | 1,751,117 | 1,486,684 | 1,438,031 |
| Bearer biological assets1 | 75,464 | 74,937 | 54,325 |
| Consumable biological assets4 | 114,404 | 90,455 | 87,250 |
| Trade and other receivables | 1,047,410 | 983,006 | 926,598 |
| Income tax receivable | 3,009 | –5 | 1,714 |
| Cash and cash equivalents | 270,330 | 168,357 | 186,763 |
| Total current assets | 3,261,734 | 2,803,439 | 2,694,681 |
| Total assets | 6,696,395 | 5,617,533 | 5,383,761 |
| Share capital | 367,303 | 367,303 | 367,303 |
| Share premium | 5,308 | 5,308 | 5,308 |
| Revaluation reserve | 866,859 | 551,7736 | 620,161 |
| Foreign currency translation reserve7 | (23,247) | (31,502) | (23,138) |
| Fair value reserve of financial assets at FVOCI | 10,951 | 12,824 | 6,581 |
| Retained earnings | 932,679 | 898,865 | 862,814 |
| Total equity attributable to owners of the Company | 2,159,853 | 1,804,5718 | 1,839,029 |
| Non-controlling interests | 384,445 | 332,720 | 324,936 |
| Total shareholders' equity | 2,544,298 | 2,137,2919 | 2,163,965 |
| Borrowings | 205,006 | 696,039 | 711,708 |
| Lease liabilities | 143,170 | 115,785 | 179,768 |
| Retirement benefit obligations | 166,854 | 137,56510 | 123,184 |
| Other long term benefits11 | 5,036 | 2,206 | Not reported in this filing12 |
| Deferred tax liabilities | 287,532 | 224,96113 | 135,101 |
| Total non-current liabilities | 807,598 | 1,176,55614 | 1,149,761 |
| Bank overdrafts | 399,951 | 392,228 | 376,000 |
| Borrowings | 1,848,061 | 800,416 | 1,059,712 |
| Lease liabilities | 38,944 | 81,223 | 33,164 |
| Trade and other payables | 1,045,998 | 1,012,100 | 600,993 |
| Other long term benefits11 | 6,380 | 10,708 | Not reported in this filing12 |
| Income tax payable | 5,165 | 7,011 | –15 |
| Total current liabilities | 3,344,499 | 2,303,68616 | 2,070,035 |
| Total liabilities | 4,152,097 | 3,480,24217 | 3,219,796 |
| Total equity and liabilities | 6,696,395 | 5,617,533 | 5,383,761 |
| Financial liability at fair value through profit or loss18 | –19 | –20 | 166 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
- Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p49); recorded as printed and not interpreted as nil. Scanned page (no text layer); the label wraps over two lines ('Financial liability at fair value' / 'through profit or loss') and the dash sits on the second line, in the consolidated 2026 column (2024 restated column prints 166).
- Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p49); recorded as printed and not interpreted as nil. Scanned page (no text layer); the label wraps over two lines ('Financial liability at fair value' / 'through profit or loss') and the dash sits on the second line, in the consolidated 2025 column (2024 restated column prints 166).
Notes and alternative reported figures (16)
- “Bearer biological assets” is an issuer-specific line, not mapped to a shared definition: Note 18(b).
- “Other investments” is an issuer-specific line, not mapped to a shared definition: Note 17: equity instruments at FVOCI.
- “Retirement benefit assets” is an issuer-specific line, not mapped to a shared definition: Note 24.
- “Consumable biological assets” is an issuer-specific line, not mapped to a shared definition: Note 18(b).
- Annual report dated 2025-09-29 prints 607,923 (thousands, p31) for this line and year.
- “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
- Annual report dated 2025-09-29 prints 1,860,721 (thousands, p31) for this line and year.
- Annual report dated 2025-09-29 prints 2,193,441 (thousands, p31) for this line and year.
- Annual report dated 2025-09-29 prints 150,479 (thousands, p31) for this line and year.
- “Other long term benefits” is an issuer-specific line, not mapped to a shared definition: Note 24(b).
- Not reported in this filing: Not printed: the FY2025 consolidated statement of financial position (p31) has no 'Other long term benefits' line; its employee-benefit line is 'Retirement benefit obligations' (123,184 for 2024, non-current), and current liabilities print bank overdrafts, borrowings, lease liabilities, trade and other payables, financial liability at FVTPL and income tax payable. (The FY2026 report adds this line with a restated 2024 column; that document does not settle this cell.) Checked on the page image and the text layer.
- Annual report dated 2025-09-29 prints 168,811 (thousands, p31) for this line and year.
- Annual report dated 2025-09-29 prints 1,131,114 (thousands, p31) for this line and year.
- Annual report dated 2025-09-29 prints 2,292,978 (thousands, p31) for this line and year.
- Annual report dated 2025-09-29 prints 3,424,092 (thousands, p31) for this line and year.
- “Financial liability at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 21: derivative contract, current.
Cash flow
| Line (as printed) | FY to 30 Jun 2026Annual reportreported for the year | FY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filing | FY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingsource limitations |
|---|---|---|---|
| Depreciation of Property, plant and cquipincnt12 | 169,887 | 156,568 | 121,085 |
| Cash generated after working-capital changes (unlabelled subtotal)3 | 194,563 | 761,933 | 587,517 |
| Income tax paid | (12,162) | (1,861) | (15,310) |
| Interest received | 7,159 | 32,348 | 14,316 |
| Interest paid4 | (151,302) | (130,996) | (136,313) |
| Net cash generated/(utilised) from operating activities | 38,258 | 661,424 | 450,210 |
| Proceeds from disposal of plant and equipment | 29,337 | 7,610 | 3,483 |
| Dividend received5 | 2,866 | 2,239 | 2,329 |
| Acquisition of intangible assets | (18,724) | (684) | (76) |
| Acquisition of propeity, plant and equipment6 | (362,393) | (320,554) | (329,751) |
| Payment on acquisition of right-of-use assets at commencement date7 | (2,308) | (1,238) | (7,045) |
| Net cash used in investing activities | (351,222) | (312,627) | (331,597) |
| Payment of principal portion of lease liabilities | (37,289) | (35,702) | (39,419) |
| Repayment of bond8 | 600 | (199,400) | –9 |
| Loans received | 4,211,827 | 4,334,045 | 3,160,205 |
| Loans repayment | (3,655,815) | (4,409,610) | (3,162,009) |
| Dividends paid to equity holders of the parent | (111,483) | (71,975) | (82,311) |
| Net cash (used in) /from financing activities | 407,840 | (382,642) | (123,534) |
| Net increase/(decrease) in cash and cash equivalents10 | 94,876 | (33,845) | (4,921) |
| Effects of exchange rate fluctuations on cash and cash equivalents | (626) | (789) | 977 |
| Cash and cash equivalents at beginning of year | (223,871) | (189,237) | (185,293) |
| Cash and cash equivalents at end of year | (129,621) | (223,871) | (189,237) |
| Acquisition of investment11 | Not reported in this filing12 | Not reported in this filing1213 | (537) |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (12)
- “Depreciation of Property, plant and cquipincnt” is an issuer-specific line, not mapped to a shared definition: Operating adjustment (note 13(a)).
- Printed under different labels across filings: “Depreciation of Property, plant and cquipincnt”; “Depreciation of property, plant and equipment”.
- “Cash generated after working-capital changes (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal after the working-capital lines, before tax and interest.
- “Interest paid”: mapping to a shared definition is uncertain. Printed 'Interest paid' in operating activities; equal to finance costs, so it may include lease interest (p54).
- “Dividend received” is an issuer-specific line, not mapped to a shared definition: Investing.
- Printed under different labels across filings: “Acquisition of propeity, plant and equipment”; “Acquisition of property, plant and equipment”.
- “Payment on acquisition of right-of-use assets at commencement date” is an issuer-specific line, not mapped to a shared definition: Investing (note 13(b)).
- “Repayment of bond” is an issuer-specific line, not mapped to a shared definition: Financing; printed 600 (an inflow) for 2026 and (199,400) for 2025.
- Printed under different labels across filings: “Net decrease in cash and cash equivalents”; “Net increase/(decrease) in cash and cash equivalents”.
- “Acquisition of investment” is an issuer-specific line, not mapped to a shared definition: Investing (note 17).
- Not reported in this filing: Not printed: the FY2026 consolidated statement of cash flows (investing activities, p55; operating section p54) has no 'Acquisition of investment' line; consolidated investing activities print proceeds from disposal of plant and equipment, dividend received, acquisition of intangible assets, acquisition of property, plant and equipment, addition of investment property and payment on acquisition of right-of-use assets. Checked on the page image (scanned page).
- Annual report dated 2025-09-29 presents this line for this year: - (p36). Not shown in this column, which follows one filing's presentation.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 30 Jun 2026 | Dividends paid (cash flow statement) | Dividends paid to equity holders of the parent |
(111,483) | MUR thousands | Annual report, p55 |
| 30 Jun 2025 | Dividends paid (cash flow statement) | Dividends paid to equity holders of the parent |
(71,975) | MUR thousands | Annual report, p55 |
| 30 Jun 2024 | Dividends paid (cash flow statement) | Dividends paid to equity holders of the parent |
(82,311) | MUR thousands | Annual report, p36 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
INNODIS LTD AND ITS SUBSIDIARIES ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2026
Year ended 30 June 2026 · Annual report · signed / final
Audit: Deloitte (Mauritius), Chartered Accountants, unmodified opinion · signed
Auditor's sign-off: Deloitte, Chartered Accountants; LLK Ah Hee, FCCA, Licensed by FRC
Final status: Deloitte's independent auditor's report (unmodified opinion, PDF p42) closes with a handwritten 'Deloitte' signature and a hand signature over 'LLK Ah Hee, FCCA, Licensed by FRC', Chartered Accountants, dated 28 September 2026 (PDF p46, page image). The statements were 'Approved by the Board on' a stamped date '28 SEP 2026' and signed by Mr Victor Cheh Seeyave (Chairperson) and Mr Jean-Pierre Claudio Lim Kong (Director), hand signatures visible (PDF p49, page image).
- Document date
- 28 Sep 2026
- Auditor's report
- 28 Sep 2026
- Board approval
- 28 Sep 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Jun 2026, FY to 30 Jun 2025
- Basis
- consolidated statements · MUR thousands (printed “Rs'000”)
- Image-only pages. OCR misreads several labels and cells (e.g. other investments 2026 omitted, '$51,773' for the revaluation reserve 551,773, '696,03' for borrowings 696,039, a minus before the 2026 profit); those cells are read on the render or corrected as read. The income statement prints revenue, the ECL movement and 'Profit from operating activities' only (operating costs in note 8). The board approval date is a rubber stamp ('28 SEP 2026').
- Note 33 (p130): investment properties rented to a wholly owned subsidiary are reclassified to PPE in the Group and revalued; the deferred tax liability on that revaluation was omitted in prior periods (a prior-period error under IAS 8). Group deferred tax liability +55,923 at 1 July 2024 and +56,150 at 30 June 2025, revaluation reserve reduced by the same amounts; deferred tax on revaluation in OCI 2025 (4,566) -> (4,793); no cash-flow impact. 2025 comparatives are transcribed as restated.
Technical details
- File
- 130 pages, scanned (figures read by OCR and checked against the page image)
- SHA-256
ea743248a4cef8da4dca7a2cd52c144593ed07dd424aec9279c2a1d7226ea0d1- Entity as printed
- Innodis Limited (the "Company" and the "Public Interest Entity") and its subsidiaries (the "Group") (auditor's report, p42)
- Issuer copy
- retrieved 2026-10-08T19:13:35Z
-
INNODIS LTD AND ITS SUBSIDIARIES - ANNUAL REPORT 2025
Year ended 30 June 2025 · Annual report · final status not established
Audit: Ernst & Young, Ebène, Mauritius, unmodified opinion
Auditor's sign-off: Ernst & Young; Andre Lai Wan Loong, F.C.A, Licensed by FRC (names printed, no signature)
Final status: The independent auditor's report to the members of Innodis Limited (Ernst & Young, Ebène; unmodified opinion, PDF p26) closes on p28 with the typeset names 'ERNST & YOUNG' and 'ANDRE LAI WAN LOONG, F.C.A, Licensed by FRC' and 'Date: 29 Sep 2025', with no signature (page image p28): name_printed_unsigned. The statement of financial position states 'Approved by the Board on 29 September 2025' with hand signatures of Mr Victor Cheh Seeyave (Chairperson) and Mr Jean-Pierre Claudio Lim Kong (Director) (PDF p31, page image).
- Document date
- 29 Sep 2025
- Auditor's report
- 29 Sep 2025
- Board approval
- 29 Sep 2025
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Jun 2024
- Basis
- consolidated statements · MUR thousands (printed “Rs'000”)
- 2024 comparative: 'Other comprehensive income/(loss) for the year' is printed 35,310 (p30, page image), but its printed items add to 35,130 (26,489 + 8,641), and profit for the year 96,658 plus 35,130 gives the printed total comprehensive income 131,788; the statement of changes in equity prints total other comprehensive income 35,130 (p33). Kept as printed; the check is.total_comprehensive_income fails for 2024 by 180.
- The auditor's report has no emphasis of matter or material uncertainty paragraph (PDF pp26-28).
- Two printed folios per PDF page (spreads). The income statement prints revenue, the ECL movement and 'Profit from operating activities' only (operating costs in note 8). The income statement page is headed 'As at 30 June 2025' (p30).
- The 2025 Group figures in this document are as originally reported. The FY2026 annual report (innodis_fy2026, fin-r43-w01) restates them (its note 33: deferred tax omitted on the revaluation of properties reclassified to PPE; Group deferred tax liability +56,150 at 30 June 2025, revaluation reserve reduced by the same amount).
Technical details
- File
- 84 pages, with a text layer
- SHA-256
ead0d09aa93ff79e6d02ba205d449ee3328cfbe2c7016b97253e626b20c058e7- Entity as printed
- Innodis Ltd and its subsidiaries (Innodis Limited, the Company, and the Group)
- Issuer copy
- retrieved 2026-10-08T19:13:39Z
Data notes
- Finance costs — OCR read '(130,996)-'; the page image shows '(130,996)'. OCR attaches a stray hyphen (part of the underline) to the cell; the render prints (130,996). (INNODIS LTD AND ITS SUBSIDIARIES ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2026, p47)
- Profit/ (loss) for the year — OCR read '-162,225'; the page image shows '162,225'. OCR reads the underline before the cell as a minus; the render prints 162,225 (a profit). (INNODIS LTD AND ITS SUBSIDIARIES ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2026, p47)
- Total non-current assets — OCR read '3,434,661.'; the page image shows '3,434,661'. OCR attaches a stray full stop; the render prints 3,434,661. (INNODIS LTD AND ITS SUBSIDIARIES ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2026, p48)
- Revaluation reserve — OCR read '$51,773'; the page image shows '551,773'. OCR reads the first digit 5 as '$'; the render prints 551,773. (INNODIS LTD AND ITS SUBSIDIARIES ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2026, p48)
- Total equity and liabilities — OCR read '6,696,395.'; the page image shows '6,696,395'. OCR attaches a stray full stop; the render prints 6,696,395. (INNODIS LTD AND ITS SUBSIDIARIES ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2026, p49)
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.