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
SACOS Group
On this page
Company details
- Legal name
- SACOS Group Limited
- Listing
- SAC on the MERJ Exchange, 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 · audited financial statements, signed / final · source
Read with these figures
- Auditor's emphasis of matter. Emphasis of Matter – Reliance on manual reconciliations and mortgage policy premium payment mode: note 51 explains the life insurance core system does not generate sufficiently reliable reports, so premium income, premium debtors, policy loans, claims, lapse liability and bank balances depend on extensive manual reconciliations, on which the valuation of life insurance liabilities and the application of IFRS 17 depend; note 33 describes a premium payment mode data correction on certain mortgage product policies with an impact of about SCR 2.2 million on 2025 insurance revenue and a loss component of about SCR 1.6 million.
Full wording and sources
Auditor's emphasis of matter
Emphasis of Matter – Reliance on manual reconciliations and mortgage policy premium payment mode: note 51 explains the life insurance core system does not generate sufficiently reliable reports, so premium income, premium debtors, policy loans, claims, lapse liability and bank balances depend on extensive manual reconciliations, on which the valuation of life insurance liabilities and the application of IFRS 17 depend; note 33 describes a premium payment mode data correction on certain mortgage product policies with an impact of about SCR 2.2 million on 2025 insurance revenue and a loss component of about SCR 1.6 million. 'Our opinion is not modified in respect of these matters.' (p7)
Source: SACOS GROUP LIMITED — CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (dated 2026-09-16)
-
Insurance revenue
SCR 283 million
282,638,258 SCR units · p13
+14.3% vs 2024
Insurance group (IFRS 17): printed 'Insurance revenue' 282,638,258 (consolidated statement of profit or loss, p13, Consolidated column); no revenue line in the commercial sense.
-
Insurance service result
SCR 40.3 million
40,303,767 SCR units · p13
+158.7% vs 2024
Printed 'Insurance service result' 40,303,767 (p13), the technical result; no operating-profit line is printed.
-
Total Investment Income
SCR 62.1 million
62,054,352 SCR units · p13
−15.4% vs 2024
Printed 'Total Investment Income' 62,054,352 (p13): rental income, investment income and impairment on financial assets.
-
Profit for the year
SCR 25.2 million
25,213,614 SCR units · p13
+17.8% vs 2024
Printed 'Profit for the year' 25,213,614 (p13).
-
Total assets
SCR 1.08 billion
1,084,764,565 SCR units · p12
+1.3% vs 2024
Printed 'Total assets' 1,084,764,565 (statement of financial position, p12).
-
Total equity
SCR 262 million
262,060,820 SCR units · p12
+6.6% vs 2024
Printed 'Total equity' 262,060,820 (p12).
Large amounts are rounded for reading (SCR 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 SCR 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
- FY2025 — audited financial statements, signed / final; reported for the year · source
- FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Insurance revenue | 282,638,258 | 247,208,284 |
| Insurance service expenses | (157,097,748) | (227,750,120) |
| Income or expense from reinsurance contracts held | (85,236,743) | (3,879,297) |
| Insurance service result | 40,303,767 | 15,578,867 |
| Insurance finance income/(expenses) from insurance contracts issued | (42,118,654) | (47,689,561) |
| Finance income/(expenses) from reinsurance contracts held1 | 1,182,589 | 1,664,238 |
| Total insurance finance income or expenses | (40,936,065) | (46,025,323) |
| Rental income2 | 31,849,002 | 28,858,458 |
| Investment income3 | 32,193,302 | 30,284,046 |
| Impairment on Financial Assets4 | (1,987,952) | 4,112,500 |
| Increase in fair value of investment properties5 | –6 | 10,093,491 |
| Total Investment Income7 | 62,054,352 | 73,348,495 |
| Other Income | 5,288,990 | 10,673,188 |
| Other Expenses | (30,507,586) | (24,910,429) |
| Total Other Income & Expenses8 | (25,218,596) | (14,237,241) |
| Transfer from BSR9 | –10 | –10 |
| Profit before taxation | 36,203,458 | 28,664,798 |
| Taxation | (10,989,844) | (7,267,283) |
| Profit for the year | 25,213,614 | 21,397,515 |
- Printed “-”, read as nil: subtotal_arithmetic: is.native.co_t0ft4zq58p28.total_investment_income.
- Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
Notes and alternative reported figures (8)
- “Finance income/(expenses) from reinsurance contracts held” is an issuer-specific line, not mapped to a shared definition: Note 37.
- “Rental income” is an issuer-specific line, not mapped to a shared definition: Note 6(d): rental income from investment properties.
- “Investment income” is an issuer-specific line, not mapped to a shared definition: Note 38.
- “Impairment on Financial Assets”: mapping to a shared definition is uncertain. Printed 'Impairment on Financial Assets' (IFRS 9 expected credit loss movement per the cash-flow statement).
- “Increase in fair value of investment properties” is an issuer-specific line, not mapped to a shared definition: Fair value gain on investment properties.
- “Total Investment Income” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: rental, investment income, impairment and fair value change.
- “Total Other Income & Expenses” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of other income and other expenses.
- “Transfer from BSR” is an issuer-specific line, not mapped to a shared definition: Transfer from a reserve (printed nil).
Balance sheet
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Equipment | 7,389,871 | 6,751,126 |
| Right of use asset | 5,526,980 | –1 |
| Investment properties | 400,396,162 | 399,436,382 |
| Intangible assets | 4,039,174 | 8,525,524 |
| Investment in subsidiaries2 | –1 | –1 |
| Investment in preference share3 | –1 | –1 |
| Investment in financial assets - non-current | 260,162,195 | 202,602,941 |
| Loans and receivables4 | 3,363,768 | –1 |
| Deferred tax assets | 1,494,833 | 649,708 |
| Investment in associates | 24,794,127 | 23,310,171 |
| Non-current assets (unlabelled subtotal) | 707,167,110 | 641,275,852 |
| Investment in financial assets - current | 99,646,007 | 37,267,246 |
| Insurance contract assets | 4,706,349 | 2,320 |
| Reinsurance contract assets | 158,568,324 | 232,402,763 |
| Loans and receivables4 | 659,791 | 659,128 |
| Trade and other receivables | 11,241,075 | 77,131,509 |
| Intercompany receivables5 | –6 | –6 |
| Cash and cash equivalents | 98,303,764 | 76,664,535 |
| Current tax asset | 4,472,145 | 5,145,671 |
| Current assets (unlabelled subtotal) | 377,597,455 | 429,273,171 |
| Total assets | 1,084,764,565 | 1,070,549,023 |
| Share capital | 70,000,000 | 70,000,000 |
| Solvency/Undistributed reserve7 | 28,651,586 | 28,651,586 |
| Retained earnings | 163,409,234 | 147,195,619 |
| Total equity | 262,060,820 | 245,847,205 |
| Retirement benefit obligations | 8,065,426 | 7,163,255 |
| Deferred tax liabilities | 1,526,597 | 787,157 |
| Funds under Management8 | 643,175 | 643,175 |
| Non-current liabilities (unlabelled subtotal) | 10,235,198 | 8,593,587 |
| Trade and other payables | 48,882,534 | 41,626,487 |
| Insurance contract liabilities | 750,132,162 | 768,887,015 |
| Reinsurance contract liabilities | 4,946,739 | 5,594,729 |
| Intercompany payables9 | –10 | –10 |
| Lease liability11 | 5,678,587 | –10 |
| Current tax liability | 2,828,525 | –10 |
| Current liabilities (unlabelled subtotal) | 812,468,547 | 816,108,231 |
| Total liabilities | 822,703,745 | 824,701,818 |
| Total equity and liabilities | 1,084,764,565 | 1,070,549,023 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (8)
- “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 8; nil in the consolidated column.
- “Investment in preference share” is an issuer-specific line, not mapped to a shared definition: Note 8; nil in the consolidated column.
- “Loans and receivables” is an issuer-specific line, not mapped to a shared definition: Note 10.
- “Intercompany receivables” is an issuer-specific line, not mapped to a shared definition: Note 14; nil in the consolidated column.
- “Solvency/Undistributed reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
- “Funds under Management” is an issuer-specific line, not mapped to a shared definition: Note 18; non-current liability.
- “Intercompany payables” is an issuer-specific line, not mapped to a shared definition: Note 14; nil in the consolidated column.
- “Lease liability”: mapping to a shared definition is uncertain. The whole lease liability is presented within current liabilities (p12).
Cash flow
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Profit before taxation1 | 36,203,458 | 28,664,798 |
| Depreciation2 | 2,288,721 | 2,250,619 |
| Write-off of intangibles asset WIP3 | 11,055 | –4 |
| Provision for Expected Credit Loss IFRS 95 | 1,987,952 | (3,506,448) |
| Change in fair value of investment in financial assets6 | (14,204,115) | (9,028,423) |
| Change in fair value of investment Properties7 | –4 | (10,093,491) |
| Share of profit from associate, net of impairment8 | (1,483,956) | (475,957) |
| Amortisation of intangible asset9 | 4,475,295 | 4,997,146 |
| Ammortisation of Right of Use Asset10 | (5,526,980) | 5,447,810 |
| Net provision for retirement benefit obligations11 | 1,128,057 | 647,324 |
| Interest income12 | (15,250,610) | 26,079,098 |
| Effect of change in exchange rates13 | (1,129,050) | (3,290,549) |
| Adjusted profit before working capital changes (unlabelled subtotal)14 | 8,499,827 | 41,691,928 |
| - Trade and other receivables15 | 64,026,574 | (67,722,801) |
| - Insurance contract assets16 | (4,704,029) | (2,320) |
| - Reinsurance contract assets17 | 73,834,439 | 41,718,738 |
| - Trade and other payables18 | 7,256,047 | 14,493,913 |
| - Insurance contract liabilities19 | (18,754,853) | (71,132,648) |
| - Reinsurance contract liabilities20 | (647,990) | (1,238,360) |
| Cash generated from operations (unlabelled subtotal) | 129,510,015 | (42,191,549) |
| Net tax paid | (7,593,479) | (8,147,209) |
| Interest received | 13,548,200 | 13,130,907 |
| Retirement benefit obligation paid21 | (225,886) | (46,154) |
| Net cash inflow / (outflow) from operating activities | 135,238,850 | (37,254,005) |
| Purchase of equipment | (2,927,466) | (4,641,498) |
| Purchase of intangible assets | –22 | (1,466,903) |
| Changes in Lease Liability23 | 5,678,587 | (5,597,244) |
| Disbursements of loans and receivables24 | (4,896,619) | (1,186,660) |
| Proceeds from loans and receivables25 | 1,588,252 | 877,325 |
| Additions to investment in financial assets26 | (278,040,806) | (5,407,481) |
| Additions to Investment Properties & WIP27 | (959,780) | (4,490,398) |
| Proceeds from sale of investment properties28 | –22 | –22 |
| Redemption of investment in financial assets29 | 174,958,208 | 28,263,649 |
| Net cash (outflow)/inflow from investing activities | (104,599,622) | 6,350,789 |
| Dividends paid | (9,000,000) | –30 |
| Net cash outflow from financing activity | (9,000,000) | –31 |
| Net change in cash and cash equivalents | 21,639,229 | (30,903,217) |
| At 1 January | 76,664,535 | 107,567,752 |
| At 31 December | 98,303,764 | 76,664,535 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_t0ft4zq58p28.cf_adjusted_subtotal.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
- Printed “-”, read as nil: subtotal_arithmetic: cf.net_change_in_cash.
Notes and alternative reported figures (27)
- “Profit before taxation” is an issuer-specific line, not mapped to a shared definition: Cash-flow starting point; equals the income statement line.
- “Depreciation” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Write-off of intangibles asset WIP” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Provision for Expected Credit Loss IFRS 9” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Change in fair value of investment in financial assets” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Change in fair value of investment Properties” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Share of profit from associate, net of impairment” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Amortisation of intangible asset” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Ammortisation of Right of Use Asset” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment (2025 printed negative).
- “Net provision for retirement benefit obligations” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Interest income” is an issuer-specific line, not mapped to a shared definition: Adjustment (2024 printed positive).
- “Effect of change in exchange rates” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
- “Adjusted profit before working capital changes (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal.
- “- Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Working capital change.
- “- Insurance contract assets” is an issuer-specific line, not mapped to a shared definition: Working capital change.
- “- Reinsurance contract assets” is an issuer-specific line, not mapped to a shared definition: Working capital change.
- “- Trade and other payables” is an issuer-specific line, not mapped to a shared definition: Working capital change.
- “- Insurance contract liabilities” is an issuer-specific line, not mapped to a shared definition: Working capital change.
- “- Reinsurance contract liabilities” is an issuer-specific line, not mapped to a shared definition: Working capital change.
- “Retirement benefit obligation paid” is an issuer-specific line, not mapped to a shared definition: Operating activities.
- “Changes in Lease Liability” is an issuer-specific line, not mapped to a shared definition: Presented within investing activities by the issuer.
- “Disbursements of loans and receivables” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Proceeds from loans and receivables” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Additions to investment in financial assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Additions to Investment Properties & WIP” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Proceeds from sale of investment properties” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Redemption of investment in financial assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.
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 |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividends paid |
(9,000,000) | SCR units | Audited financial statements, p15 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividends paid |
0printed “–”, read as nil | SCR units | Audited financial statements, p15 |
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.
-
SACOS GROUP LIMITED — CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
Year ended 31 December 2025 · Audited financial statements · signed / final
Audit: Pool & Patel, Chartered Accountants (Seychelles), unmodified opinion · signed
Auditor's sign-off: Pool & Patel, Chartered Accountants (engagement partner FCCA membership number 2673981)
Final status: Independent auditor's report to the shareholders of SACOS Group Limited (PDF pp7-11, scanned) signed in script 'Pool & Patel' over 'POOL & PATEL CHARTERED ACCOUNTANTS' and dated 16th September 2026 (p11, page image); unmodified opinion with two emphasis-of-matter paragraphs (p7). Board approval for issue on 16th September 2026 with eight directors named under the statement of financial position (p12).
- Document date
- 16 Sep 2026
- Auditor's report
- 16 Sep 2026
- Board approval
- 16 Sep 2026
- Retrieved by us
- 17 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- consolidated statements · SCR units (printed “SCR”)
- The statement of financial position and of profit or loss print The Company and Consolidated columns per year (consolidated read); the cash-flow statement prints The Group columns first. The cash-flow statement presents changes in the lease liability within investing activities; 'Ammortisation of Right of Use Asset' 2025 is printed negative (5,526,980) and 'Interest income' 2024 positive 26,079,098 among the adjustments. Kept as printed.
Technical details
- File
- 65 pages, with a text layer
- SHA-256
9de996e22afe3c5980a651516845661d4c93d1cdc08eb73ca537a7c0faea3e1c- Entity as printed
- SACOS GROUP LIMITED (p1)
- Issuer copy
- retrieved 2026-10-17T14:46:26Z
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.