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MUA
On this page
Company details
- Legal name
- MUA 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
- 31 December
Overview
Year ended 31 December 2025 · published summary of audited statements, final status not established · source
Read with these figures
- Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY2025 figures come from it.
Full wording and sources
Published summary of audited statements for 2025: final status not established
Communiqué issued by MUA Ltd 'pursuant to Listing Rule 12.14 and published as per the Securities Act 2005' (p4), 'By order of the Board, ECS Secretaries Ltd, Secretary, 29 June 2026' (typeset, p1); 'The Board of Directors of MUA Ltd accepts full responsibility for the accuracy of the information contained in this report' (p4). It states that the summary statements are derived from the consolidated financial statements audited by Deloitte (p1, p4). No auditor's report on the summary or on the full statements is printed, and no audit opinion, audit date or board approval date is stated.
Source: MUA — Audited Condensed Financial Statements, Year ended 31 December 2025 (dated 2026-06-29)
2025, 2024: figures from a published summary
These columns come from a summary of the audited statements, not the full audited financial statements. 'The accompanying summary statement of profit or loss, financial position, comprehensive income, changes in equity, segmental information and cash flows, without reference to the detailed notes, are derived from the consolidated financial statements of MUA Ltd for the year ended 31 December 2025, audited by Deloitte.' (p4) No auditor's report on the summary is printed; the summary states that it is 'derived from the consolidated financial statements of MUA Ltd for the year ended 31 December 2025, audited by Deloitte. These audited financial statements have been prepared in accordance with IFRS Accounting Standards.' (p4) and 'The Condensed Financial Statements are derived from the consolidated financial statements of MUA Ltd audited by Deloitte.' (p1). The auditor's opinion on the full statements is not quoted. Summary statements of profit or loss (condensed: insurance revenue, insurance service result before and after reinsurance, net insurance and investment result, profit before tax, tax, continuing and discontinued operations, attribution, basic and diluted EPS), comprehensive income, financial position (assets, equity and liabilities each in two or three aggregate lines, with a restated 01 January 2024 column), changes in equity, cash flows (three activity totals and the cash movement) and a segmental report; no notes ('without reference to the detailed notes', p4).
Source: MUA — Audited Condensed Financial Statements, Year ended 31 December 2025 (dated 2026-06-29)
-
Insurance revenue
MUR 7.90 billion
7,899,227 MUR thousands · p2
+5.5% vs 2024
Insurer (IFRS 17): printed 'Insurance revenue' (p2) shown with its printed label in place of revenue.
-
Insurance service result
MUR 1.03 billion
1,034,645 MUR thousands · p2
+76.4% vs 2024
Printed 'Insurance service result' (p2); there is no operating-profit line.
-
Net insurance and investment result
MUR 1.64 billion
1,642,656 MUR thousands · p2
+58.6% vs 2024
Printed 'Net insurance and investment result' (p2).
-
Profit for the year
MUR 523 million
522,620 MUR thousands · p2
+23.2% vs 2024
Printed 'Profit for the year' (p2), after discontinued operations.
-
Total assets
MUR 25.8 billion
25,769,560 MUR thousands · p2
+7.6% vs 2024
Printed 'Total assets' (p2).
-
Total equity
MUR 4.77 billion
4,766,374 MUR thousands · p2
+7.7% vs 2024
Printed 'Total equity' (p2).
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
- FY2025 — published summary of audited statements (summary), final status not established; reported for the year · source
- FY2024 — published summary of audited statements (summary), final status not established; comparative in the FY2025 filing · source
- 2025, 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The accompanying summary statement of profit or loss, financial position, comprehensive income, changes in equity, segmental information and cash flows, without reference to the detailed notes, are derived from the consolidated financial statements of MUA Ltd for the year ended 31 December 2025, audited by Deloitte.' (p4) No auditor's report on the summary is printed; the summary states that it is 'derived from the consolidated financial statements of MUA Ltd for the year ended 31 December 2025, audited by Deloitte. These audited financial statements have been prepared in accordance with IFRS Accounting Standards.' (p4) and 'The Condensed Financial Statements are derived from the consolidated financial statements of MUA Ltd audited by Deloitte.' (p1). The auditor's opinion on the full statements is not quoted. Summary statements of profit or loss (condensed: insurance revenue, insurance service result before and after reinsurance, net insurance and investment result, profit before tax, tax, continuing and discontinued operations, attribution, basic and diluted EPS), comprehensive income, financial position (assets, equity and liabilities each in two or three aggregate lines, with a restated 01 January 2024 column), changes in equity, cash flows (three activity totals and the cash movement) and a segmental report; no notes ('without reference to the detailed notes', p4).
Income statement
| Line (as printed) | FY2025Published summary of audited statements (summary)reported for the year | FY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations |
|---|---|---|
| Insurance revenue | 7,899,227 | 7,490,426 |
| Insurance service result before reinsurance contracts held1 | 2,363,030 | 1,486,366 |
| Net expense from reinsurance contracts held | (1,328,385) | (899,852) |
| Insurance service result | 1,034,645 | 586,514 |
| Net insurance and investment result | 1,642,656 | 1,035,752 |
| Profit before income tax | 735,938 | 503,485 |
| Income tax expense | (195,118) | (82,786) |
| Profit for the year from continuing operations2 | 540,820 | 420,699 |
| (Loss)/ profit for the year from discontinued operations3 | (18,200) | 3,654 |
| Profit for the year | 522,620 | 424,353 |
| Non-controlling interests4 | (11,642) | (6,945) |
| Other comprehensive (loss)/ income | (26,821) | 72,407 |
| Comprehensive income for the year | 495,799 | 496,760 |
| Owners of the parent5 | 516,084 | 456,095 |
| Non-controlling interests6 | (20,285) | 40,665 |
Notes and alternative reported figures (6)
- “Insurance service result before reinsurance contracts held” is an issuer-specific line, not mapped to a shared definition: Insurance revenue less insurance service expenses (the expenses are not printed in the summary).
- “Profit for the year from continuing operations” is an issuer-specific line, not mapped to a shared definition: Printed subtotal after income tax.
- “(Loss)/ profit for the year from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Discontinued operations.
- “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Printed 'Non-controlling interests' under 'Profit attributable to :'.
- “Owners of the parent” is an issuer-specific line, not mapped to a shared definition: Printed 'Owners of the parent' under 'Comprehensive income attributable to:'.
- “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Printed 'Non-controlling interests' under 'Comprehensive income attributable to:'.
Balance sheet
| Line (as printed) | FY2025Published summary of audited statements (summary)reported for the year | FY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations |
|---|---|---|
| Reinsurance contract assets | 2,099,036 | 2,211,929 |
| Insurance contract assets | 1,533 | –1 |
| Non insurance assets2 | 23,668,991 | 21,739,842 |
| Total assets | 25,769,560 | 23,951,771 |
| Owners of the parent | 4,343,610 | 3,977,384 |
| Non-controlling interests | 422,764 | 448,968 |
| Total equity | 4,766,374 | 4,426,352 |
| Insurance contract liabilities | 15,590,461 | 15,182,516 |
| Non insurance liabilities3 | 5,412,725 | 4,342,903 |
| Total liabilities | 21,003,186 | 19,525,419 |
| Total equity and liabilities | 25,769,560 | 23,951,771 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (2)
- “Non insurance assets” is an issuer-specific line, not mapped to a shared definition: All assets other than insurance and reinsurance contract assets, as aggregated in the summary.
- “Non insurance liabilities” is an issuer-specific line, not mapped to a shared definition: All liabilities other than insurance contract liabilities, as aggregated in the summary.
Cash flow
| Line (as printed) | FY2025Published summary of audited statements (summary)reported for the year | FY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations |
|---|---|---|
| Net cash from operating activities | 1,181,565 | 370,009 |
| Net cash (used in)/ from investing activities | (594,646) | 99,896 |
| Net cash used in financing activities | (26,457) | (199,643) |
| Net increase in cash and cash equivalents | 560,462 | 270,262 |
| At 1 January | 1,449,582 | 1,153,281 |
| Effects of exchange rate changes on cash and cash equivalents | 64,494 | 26,039 |
| At 31 December | 2,074,538 | 1,449,582 |
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.
No dividend statement or amount collected.
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.
-
MUA — Audited Condensed Financial Statements, Year ended 31 December 2025
Year ended 31 December 2025 · Published summary of audited statements (summary) · final status not established
Audit: Deloitte (named); no auditor's opinion on the full statements in this document
Final status: Communiqué issued by MUA Ltd 'pursuant to Listing Rule 12.14 and published as per the Securities Act 2005' (p4), 'By order of the Board, ECS Secretaries Ltd, Secretary, 29 June 2026' (typeset, p1); 'The Board of Directors of MUA Ltd accepts full responsibility for the accuracy of the information contained in this report' (p4). It states that the summary statements are derived from the consolidated financial statements audited by Deloitte (p1, p4). No auditor's report on the summary or on the full statements is printed, and no audit opinion, audit date or board approval date is stated.
- Document date
- 29 Jun 2026
- Auditor's report
- date not recorded
- Board approval
- date not found in this document
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- consolidated statements · MUR thousands (printed “Rs'000”)
- Insurance revenue (7,899,227; 2024: 7,490,426) sits within 'Insurance service result before reinsurance contracts held' (2,363,030; 2024: 1,486,366), whose other component (insurance service expenses) is not printed in the summary, so that subtotal check fails by the unprinted expenses; it is not an issuer inconsistency.
- The 2024 columns are headed 'Restated*': 'During the year ended 31 December 2025, the directors performed internal assessments that led to the following prior year adjustments ... These adjustments relate to errors identified in accordance with IAS 8': changes in underlying data used in computing insurance contract liabilities and reinsurance contract assets; profitability assessment of certain short-term insurance contracts; retirement benefit obligations of MUA Pension Ltd; reversal of certain recurring consolidation adjustments (p2). The statement of changes in equity shows 'Impact of prior year restatements' of 16,636 on total equity at 1 January 2024 (p3). All 2024 rows are marked restated.
- No auditor's report on the summary is printed; the summary states that it is 'derived from the consolidated financial statements of MUA Ltd for the year ended 31 December 2025, audited by Deloitte. These audited financial statements have been prepared in accordance with IFRS Accounting Standards.' (p4) and 'The Condensed Financial Statements are derived from the consolidated financial statements of MUA Ltd audited by Deloitte.' (p1). The auditor's opinion on the full statements is not quoted.
- Summary statements of profit or loss (condensed: insurance revenue, insurance service result before and after reinsurance, net insurance and investment result, profit before tax, tax, continuing and discontinued operations, attribution, basic and diluted EPS), comprehensive income, financial position (assets, equity and liabilities each in two or three aggregate lines, with a restated 01 January 2024 column), changes in equity, cash flows (three activity totals and the cash movement) and a segmental report; no notes ('without reference to the detailed notes', p4).
Technical details
- File
- 4 pages, with a text layer
- SHA-256
bb2319537047086eab70dfc5a602cf65ad2a15ccefb9ab11aa6de341b57dafd8- Entity as printed
- MUA Ltd, BRN C18157344, Level 2, Barkly Wharf, Le Caudan Waterfront, Port Louis, Mauritius
- Exchange copy
- retrieved 2026-10-08T18:31:20Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (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.