Fiji’s relatively young marina, Port Denarau’s illustrious achievements speak to the company’s bigger picture aspirations.
Three years short of its pearl anniversary, the marina has excelled and endured.
Chairman Malakai Naiyaga said disciplined cost control and targeted investments helped maintain a profit growth trajectory and strong cash generation, which enabledg reinvestment in growth initiatives, and continued shareholder dividends.
The interim dividend of 2.25 cents per share in March 2025, and a final dividend of 2.75 cents per share on 29 September, represented an 11 per cent increase compared to the total dividend of 4.5 cents per share paid in FY2024 , he said.
Part of the the marina’s forward-looking plans is management succession planning, talent development, and a highperformance culture, Mr Naiyaga said.
Regional milestone
The company’s achievements for 2025 included the superyacht jetty expansion, which was completed to the tune of $6 million to deliver Fiji’s first 115-metre mega-berth.
That record was a milestone by regional standards in the stride to bridge capacity to serve the global superyacht segment.
“We continued to invest in core infrastructure to expand capacity and safeguard operational resilience, customer experience, and safety,” Mr Naiyaga said.
Profits Doubled
Port Denarau Marina’s total comprehensive income increased to $7.24 million, up from $6.18 million in FY2024, because of an increase in the revaluation of property, plant and equipment, as well as right-of-use assets, he said.
Net profit after income tax more than doubled 2024, at $6.93 million against $3.31 million last year.
“This result was driven largely by a $3.51 million uplift in the fair value of investment properties, a welcome turnaround from last year’s decline,” he said.
“Operating profit rose to $4.50million from $4.39 million in FY2024.