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Review pending. 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 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

Novus Properties

No ticker printed · Stock Exchange of Mauritius · Consolidated statements

On this page
Company details
Legal name
Novus Properties 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 2025 · annual report, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. Key audit matter 'Investment Properties' (valuation): the most recent independent external valuation was performed in September 2023 and the directors retained those valuations for the year ended 30 June 2025; carrying value Group Rs.
Full wording and sources

  • Auditor's emphasis of matter

    Key audit matter 'Investment Properties' (valuation): the most recent independent external valuation was performed in September 2023 and the directors retained those valuations for the year ended 30 June 2025; carrying value Group Rs. 176m (2024: Rs. 211m), Company Rs. 104.5m (PDF p25). The opinion is not modified.

    Source: Novus Properties Ltd — 2025 Annual Report (dated 2025-09-30)

  • Revenue

    MUR 17.1 million

    17,139,188 MUR units · p30

    −2.7% vs 2024

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    MUR 8.59 million

    8,588,454 MUR units · p30

    −25.3% vs 2024

  • Total assets

    MUR 191 million

    191,429,145 MUR units · p28

    −16.3% vs 2024

  • Total equity

    MUR 165 million

    164,703,361 MUR units · p29

    +0.6% vs 2024

  • Cash from operations

    MUR 5.72 million

    5,716,114 MUR units · p32

    −45.7% vs 2024

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 units 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 2025 — annual report, signed / final; reported for the year · source
  • FY to 30 Jun 2024 — annual report, signed / final; comparative in the FY to 30 Jun 2025 filing · source

Income statement

Income statement, MUR units. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Property revenue 17,139,188 17,619,172
Investment and other income1 134,976 –2
Direct operating expenses relating to investment properties3 (1,147,521) (845,358)
Administrative expenses (4,352,710) (4,979,260)
Finance costs (2,214,922) (4,368,240)
Expenses (unlabelled subtotal)4 (7,715,153) (10,192,858)
Increase in fair value of investment properties –2 5,000,000
PROFIT BEFORE TAXATION 9,559,011 12,426,314
Income tax charge (970,557) (929,010)
PROFIT FOR THE YEAR 8,588,454 11,497,304
Other comprehensive income –5 –5
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 8,588,454 11,497,304
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (3)
  1. “Investment and other income” is an issuer-specific line, not mapped to a shared definition: Note 17(a): interest, dividend and other income, under 'REVENUE'.
  2. “Direct operating expenses relating to investment properties” is an issuer-specific line, not mapped to a shared definition: Direct operating expenses of the investment properties, under 'EXPENSES'.
  3. “Expenses (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Printed unlabelled subtotal of direct operating expenses, administrative expenses and finance costs.

Balance sheet

Balance sheet, MUR units. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Plant and equipment 1,248,583 1,492,141
Investment properties 177,435,260 212,919,929
Intangible assets 2,038,641 2,038,641
Other financial assets at amortised cost1 –2 –2
Non-current assets (unlabelled subtotal) 180,722,484 216,450,711
Trade receivables 2,576,164 2,404,484
Other financial assets at amortised cost3 1,754,004 1,522,802
Cash and cash equivalents 6,376,493 8,319,389
Current assets (unlabelled subtotal) 10,706,661 12,246,675
TOTAL ASSETS 191,429,145 228,697,386
Share capital 106,042,887 106,042,887
Retained earnings 58,660,474 57,650,305
Total equity 164,703,361 163,693,192
Deferred tax liabilities 144,348 125,029
Borrowings 17,000,000 52,000,000
Non-current liabilities (unlabelled subtotal) 17,144,348 52,125,029
Trade and other payables 4,542,753 8,075,314
Current tax liabilities 904,798 670,241
Dividends payable 4,133,885 4,133,610
Current liabilities (unlabelled subtotal) 9,581,436 12,879,165
Total liabilities 26,725,784 65,004,194
TOTAL EQUITY AND LIABILITIES 191,429,145 228,697,386
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
Notes and alternative reported figures (2)
  1. “Other financial assets at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 12; non-current.
  2. “Other financial assets at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 12; current.

Cash flow

Cash flow, MUR units. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Depreciation on plant and equipment1 324,558 366,199
Straight-line rental income accrual2 484,669 853,948
Cash generated from operations 8,647,717 15,382,722
Tax paid (716,681) (496,901)
Interest paid (2,214,922) (4,368,240)
Interest received –3 –3
Net cash from operating activities 5,716,114 10,517,581
Purchase of plant and equipment (81,000) (240,900)
Proceeds from sale of investments4 35,000,000 –5
Net cash generated from/ (used in) investing activities 34,919,000 (240,900)
Dividends paid to Company's shareholders (7,578,010) (6,475,989)
Dividends received6 –7 –7
Repayments of bank loan (35,000,000) (7,000,000)
Repayment from related party8 –7 –7
Net cash used in financing activities (42,578,010) (13,475,989)
Net (decrease)/increase in cash and cash equivalents (1,942,896) (3,199,308)
At July 1, 8,319,389 11,518,697
At June 30, 6,376,493 8,319,389
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (5)
  1. “Depreciation on plant and equipment” is an issuer-specific line, not mapped to a shared definition: Operating adjustment in the cash-flow statement (indirect method, note 5); the statement of profit or loss prints no depreciation line.
  2. “Straight-line rental income accrual” is an issuer-specific line, not mapped to a shared definition: Operating adjustment (note 7).
  3. “Proceeds from sale of investments” is an issuer-specific line, not mapped to a shared definition: Investing.
  4. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Presented within financing activities.
  5. “Repayment from related party” is an issuer-specific line, not mapped to a shared definition: Presented within financing activities.

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Earnings / (loss) per share (per share)1 0.62 0.83
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “EARNINGS PER SHARE”.

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.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
30 Jun 2025 Dividends paid (cash flow statement) Dividends paid to Company's shareholders (7,578,010) MUR units Annual report, p33
30 Jun 2024 Dividends paid (cash flow statement) Dividends paid to Company's shareholders (6,475,989) MUR units Annual report, p33

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.

  • Novus Properties Ltd — 2025 Annual Report

    Year ended 30 June 2025 · Annual report · signed / final

    Audit: Forvis Mazars LLP, unmodified opinion · signed

    Auditor's sign-off: Sandiren Ramsawmy, FCCA, for Forvis Mazars LLP

    Final status: Independent auditors' report to the members of Novus Properties Ltd and its subsidiaries (PDF p24-p27): unmodified opinion on the consolidated and separate financial statements (p24); handwritten signatures of Forvis Mazars LLP and Sandiren Ramsawmy, FCCA, Licensed by FRC, dated 30 September 2025 (p27, page image). Statements 'approved for issue by the Board of Directors on 30 September 2025', with the handwritten signatures of Jean Didier Merven (Chairman) and Omabhinavsingh Juddoo (Director) (p29, page image).

    Document date
    30 Sep 2025
    Auditor's report
    30 Sep 2025
    Board approval
    30 Sep 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2025, FY to 30 Jun 2024
    Basis
    consolidated statements · MUR units (printed “Rs.”)
    • Proceeds from sale of investments (Group 35,000,000 in 2025) in investing activities matches the fall in Group investment properties and the 35,000,000 bank loan repayment (p28, p33).
    • The statement of profit or loss prints revenue lines under 'REVENUE' and expense lines (including finance costs) under 'EXPENSES' with an unlabelled expenses subtotal; there is no gross or operating profit line (p30). Earnings per share is printed for the Group only, without a basic/diluted label (p30).
    Technical details
    File
    68 pages, with a text layer
    SHA-256
    be440beef8215be1f811f02e09895f2af4a867ac3035f969e80d4419dfc05e44
    Entity as printed
    Novus Properties Ltd
    Issuer copy
    retrieved 2026-10-08T19:13:16Z

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.

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