Maritius’ Elite Meat Processors Limited releases Q2 2025 interim results

MAURITIUS – Elite Meat Processors Limited has published its interim results for the second quarter of 2025, showing total assets of US$11,805,958 as at 30 June, compared to US$11,696,139 at the end of 2024.

Liabilities during the same period were recorded at US$56,475, a marginal change from US$63,337 previously, while equity rose to US$11,749,483 from US$11,632,802.

The company reported a comprehensive income of US$661,923 for the three months ended 30 June 2025, against US$116,681 for the six-month period to the same date.

The rise in income was largely influenced by a net unrealised gain on financial assets at fair value through profit or loss amounting to US$688,822.

Expenses for the quarter stood at US$27,085, reflecting controlled spending against the income position.

Cash Flow and Equity Position

Operating activities for the quarter led to a net cash outflow of US$34,745.

Investment activities resulted in an additional outflow of US$350,000 linked to the company’s move to acquire Paniel Meat Processing Ltd.

Financing activities also posted a cash outflow of US$340,000, reflecting a loan granted to Paniel Meat Processing Ltd.

At the close of the quarter, cash and cash equivalents were reported at US$178,963.

Equity remained supported by unchanged stated capital of US$8,916,798, with retained earnings rising to US$2,832,685 from US$2,716,004 at the end of 2024.

The increase in retained earnings was primarily attributed to the quarter’s profit.

Strategic Outlook and Industry Risks

According to management, the acquisition of Paniel Meat Processing Ltd is expected to extend the company’s reach within the East and Central African meat processing sector.

Elite Meat Processors Limited, incorporated in Mauritius in July 2024, listed on the High-Growth Segment of the Stock Exchange of Mauritius in December of the same year.

The company operates as an investment holding entity with a key focus on food sector ventures, with its Rwanda-based subsidiary Paniel Meat Processing Ltd specialising in processing and distribution of livestock-based products.

The company has highlighted risks tied to competition within the meat industry, volatility in livestock prices and supply, and the broader economic and political environment across its markets.

Trading data shows indicative liquidity for the company’s shares (ELITE.mu) at US$59,510 over the past year, averaging about US$4,960 per month.

The interim results were prepared under IFRS guidelines and have not undergone an external auditor’s review.

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