{"id":2408,"date":"2025-09-22T03:04:55","date_gmt":"2025-09-22T03:04:55","guid":{"rendered":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/?page_id=2408"},"modified":"2025-12-03T03:16:27","modified_gmt":"2025-12-03T03:16:27","slug":"hear-from-group-ceo","status":"publish","type":"page","link":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/","title":{"rendered":"Group CEO&#8217;s Report"},"content":{"rendered":"\n<div class=\"section-wrapper\" data-id=\"klh7uj\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-klh7uj layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-default\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-KNfHqX\"><div class=\"guten-column-wrapper\" data-id=\"KNfHqX\"><div class=\"n2_clear\"><ss3-force-full-width data-overflow-x=\"body\" data-horizontal-selector=\"body\"><div class=\"n2-section-smartslider fitvidsignore banner-slider n2_clear\" data-ssid=\"6\"><div id=\"n2-ss-6-align\" class=\"n2-ss-align\"><div class=\"n2-padding\"><div id=\"n2-ss-6\" data-creator=\"Smart Slider 3\" data-responsive=\"fullwidth\" class=\"n2-ss-slider n2-ow n2-has-hover n2notransition  \">\n        <div class=\"n2-ss-slider-1 n2_ss__touch_element n2-ow\">\n            <div class=\"n2-ss-slider-2 n2-ow\">\n                                                <div class=\"n2-ss-slider-3 n2-ow\">\n\n                    <div class=\"n2-ss-static-slide n2-ow\"><div class=\"n2-ss-layer n2-ow n-uc-pyei0lCQSi3V\" data-sstype=\"slide\" data-pm=\"default\"><div class=\"n2-ss-layer n2-ow container n-uc-IsGxcEa8gBiG\" data-pm=\"default\" data-sstype=\"content\" data-hasbackground=\"0\"><div class=\"n2-ss-section-main-content n2-ss-layer-with-background n2-ss-layer-content n2-ow n-uc-IsGxcEa8gBiG-inner\"><div class=\"n2-ss-layer n2-ow n-uc-JN3TGib9PN5t\" data-pm=\"absolute\" data-responsiveposition=\"1\" data-desktopportraitleft=\"0\" data-tabletportraitleft=\"0\" data-mobileportraitleft=\"0\" data-desktopportraittop=\"66\" data-tabletportraittop=\"87\" data-mobileportraittop=\"-135\" data-responsivesize=\"1\" data-desktopportraitwidth=\"auto\" data-tabletportraitwidth=\"auto\" data-mobileportraitwidth=\"auto\" data-desktopportraitheight=\"auto\" data-tabletportraitheight=\"auto\" data-mobileportraitheight=\"auto\" data-desktopportraitalign=\"left\" data-tabletportraitalign=\"left\" data-mobileportraitalign=\"left\" data-desktopportraitvalign=\"middle\" data-tabletportraitvalign=\"middle\" data-mobileportraitvalign=\"middle\" data-parentid=\"\" data-desktopportraitparentalign=\"center\" data-desktopportraitparentvalign=\"middle\" data-sstype=\"layer\"><div id=\"n2-ss-6item1\" class=\"n2-font-45f64f15e7a18eeb6b077a4f5aeb0791-hover n2-style-e93d3c13e7639062e012a2cefe101ee1-heading   n2-ss-item-content n2-ss-text n2-ow\" style=\"display:block;\">Group CEO&#8217;s Report<\/div><\/div><\/div><\/div><\/div><\/div><div class=\"n2-ss-slide-backgrounds n2-ow-all\"><div class=\"n2-ss-slide-background\" data-public-id=\"1\" data-mode=\"fill\"><div class=\"n2-ss-slide-background-image\" data-blur=\"0\" data-opacity=\"100\" data-x=\"45\" data-y=\"0\" data-alt=\"\" data-title=\"\" style=\"--ss-o-pos-x:45%;--ss-o-pos-y:0%\"><picture class=\"skip-lazy\" data-skip-lazy=\"1\"><img decoding=\"async\" src=\"\/\/fijianholdings.com.fj\/annual-report-2025\/wp-content\/uploads\/2025\/10\/30.png\" alt=\"\" title=\"\" loading=\"lazy\" class=\"skip-lazy\" data-skip-lazy=\"1\"><\/picture><\/div><div data-color=\"RGBA(0,0,0,0)\" style=\"background-color: RGBA(0,0,0,0);\" class=\"n2-ss-slide-background-color\" data-overlay=\"1\"><\/div><\/div><\/div>                    <div class=\"n2-ss-slider-4 n2-ow\">\n                        <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1200 300\" data-related-device=\"desktopPortrait\" class=\"n2-ow n2-ss-preserve-size n2-ss-preserve-size--slider n2-ss-slide-limiter\"><\/svg><div data-first=\"1\" data-slide-duration=\"0\" data-id=\"20\" data-slide-public-id=\"1\" data-title=\"FHL-Tower1\" class=\"n2-ss-slide n2-ow  n2-ss-slide-20\"><div role=\"note\" class=\"n2-ss-slide--focus\" tabindex=\"-1\">FHL-Tower1<\/div><div class=\"n2-ss-layers-container n2-ss-slide-limiter n2-ow\"><div class=\"n2-ss-layer n2-ow n-uc-CYYc4JO7Dx4h\" data-sstype=\"slide\" data-pm=\"default\"><\/div><\/div><\/div>                    <\/div>\n\n                                    <\/div>\n            <\/div>\n        <\/div>\n        <\/div><ss3-loader><\/ss3-loader><\/div><\/div><div class=\"n2_clear\"><\/div><\/div><\/ss3-force-full-width><\/div><\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"S3mifD\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-S3mifD layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-default\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-2rpyLw\"><div class=\"guten-column-wrapper\" data-id=\"2rpyLw\">\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"dUmg3n\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-dUmg3n animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-no\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-T7xO8W\"><div class=\"guten-column-wrapper\" data-id=\"T7xO8W\">\n<h2 class=\"wp-block-gutenverse-heading guten-element guten-JOJDet\"><strong>Growing into New Frontiers &#8211; In Pursuit of Our Purpose<\/strong><\/h2>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-Yrcvxc\"><div class=\"text-content-inner\">\n<p>The financial year ending June 2025 was another challenging year for the FHL Group.&nbsp; Whilst we gained some momentum in our strategic direction, the slowdown in the economy challenged our resolve for growth.&nbsp; Lower activity in the building and construction sector and higher costs of doing business in particular, led to a reduction in our profit for the financial year.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-ia6NV5\"><div class=\"text-content-inner\">\n<p>Notwithstanding the lower profitability result, the year ending June 2025 marked some key achievement for the Group as we drive deeper into our strategic theme: <em>\u201cGrowing into New Frontiers &#8211; In Pursuit of Our Purpose.\u201d<\/em> The completion of the FHL Tower, the successful acquisition of new vessels by South Sea Cruises, the commencement of our first impact investment and the launching of new loans products by Merchant Finance are some milestone achievements for the year.&nbsp; These achievements are in line with our strategic direction and rooted into our founding mandate &#8211; to accelerate the participation of iTaukei in the commercial sector and, in doing so, uplift their socio-economic standing. Every decision, every investment, and every milestone we achieve is measured against this purpose.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-lAQBvu\"><div class=\"guten-column-wrapper\" data-id=\"lAQBvu\">\n<div class=\"wp-block-gutenverse-image guten-element guten-image guten-rTwqIK\"><div class=\"guten-image-wrapper\"><img decoding=\"async\" class=\"gutenverse-image-box-filled\" src=\"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-content\/uploads\/2025\/10\/Group-CEO-new3-copy.jpg\" height=\"2328\" width=\"2268\" alt=\"Group-CEO\"\/><\/div><\/div>\n\n\n\n<p aria-label=\"Text Paragraph\" class=\"guten-element gutenverse-text guten-uwglR6\">Mr. Jaoji Koroi<\/p>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"WSMDpB\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-WSMDpB animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-default\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-oWv8c5\"><div class=\"guten-column-wrapper\" data-id=\"oWv8c5\">\n<div class=\"guten-element gutenverse-text-editor guten-PbpuXs\"><div class=\"text-content-inner\">\n<p>This is a significant achievement, but it has also required more funding. Group borrowings including term deposits increased by $111 million to $396 million. Although gearing ratio remains low at 25% and high interest coverage greater than 12 times, we are conscious of our continuing reliance on our balance sheet to fund our investments. These figures remind us that, as we strive for growth, the road is not without its challenges and we also need to navigate future shocks with care.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-yaLG9z\"><div class=\"text-content-inner\">\n<p>Group revenue grew to $371.5 million from $364.9 million in the previous year.&nbsp; Net profit before tax totalled $60.3 million compared to $70.1 million in FY24. Rising staff costs, weaker associate earnings, and tighter profitability weighed on results. At the same time, our balance sheet expanded strongly, with total assets increasing by 20% to $917.3 million, reflecting the continued growth of Merchant Finance\u2019s loan book, new investments in associates, higher property values, and the completion of the FHL Tower.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"xwGqQt\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-xwGqQt animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-no\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-Zr6BkE\"><div class=\"guten-column-wrapper\" data-id=\"Zr6BkE\">\n<h2 class=\"wp-block-gutenverse-heading guten-element guten-6LjHZO\"><strong>A Tower that Tells Our Story<\/strong><\/h2>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-DAS6Ki\"><div class=\"text-content-inner\">\n<p>The defining moment of FY2025 was the completion of the FHL Tower.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-yD3Uyh\"><div class=\"text-content-inner\">\n<p>This was not just a construction project. It was a seven-year journey through COVID disruptions, technical challenges, and even tragedy on-site. Today, the Tower stands over Suva City as a beacon of perseverance and vision, symbolising the 40-year journey of FHL and the determination of iTaukei to succeed in business.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-b4QIaO\"><div class=\"text-content-inner\">\n<p>This was not just a construction project. It was a seven-year journey through COVID disruptions, technical challenges, and even tragedy on-site. Today, the Tower stands over Suva City as a beacon of perseverance and vision, symbolising the 40-year journey of FHL and the determination of iTaukei to succeed in business.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-ccAuG9\"><div class=\"text-content-inner\">\n<p>While it has been a significant investment during its construction years, the focus must now shift to tenancy and yield generation. With strong leasing interest already shown, the Tower has the potential to become a major source of income and a landmark asset for the Group for decades to come.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"9YYS6h\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-9YYS6h animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-shape-divider guten-shape-divider-top\"><\/div><div class=\"guten-container guten-column-gap-no\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-1peeTH\"><div class=\"guten-column-wrapper\" data-id=\"1peeTH\"><div class=\"guten-background-overlay\"><\/div>\n<h2 class=\"wp-block-gutenverse-heading guten-element guten-sNNksV\"><strong>Breaking New Ground &#8211; Nawaibuta Holdings Complex, Korovou<\/strong><\/h2>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-RDdrN2\"><div class=\"text-content-inner\">\n<p>FY2025 also marked another defining milestone with the groundbreaking of the Nawaibuta Holdings Complex in Korovou &#8211;&nbsp; the first project under FHL\u2019s Impact Investment Strategy, and one that has been two years in the making.<br><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-pvqM4Y\"><div class=\"text-content-inner\">\n<p>Like the Tower, this is more than just a construction project. It is a symbol of FHL\u2019s founding mandate in action &#8211; to empower iTaukei participation in the commercial sector. As I shared at the ceremony, this is not only about laying foundations in Korovou, but about building a future where iTaukei communities create lasting wealth for generations to come.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-6rIj0P\"><div class=\"text-content-inner\">\n<p><br>The project is the pioneer of our $50 million Impact Investment portfolio, and it sets the tone for future projects that will deliver both sustainable returns for shareholders and transformational opportunities for Fijian communities.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"lC8Pdg\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-lC8Pdg animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-no\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-riEb3O\"><div class=\"guten-column-wrapper\" data-id=\"riEb3O\">\n<h2 class=\"wp-block-gutenverse-heading guten-element guten-qgQzH3\"><strong>Futureproofing our Core<\/strong><\/h2>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-6208rg\"><div class=\"text-content-inner\">\n<p>Our subsidiary companies remain the lifeblood of FHL Group and the channels through which our purpose finds expression. This year, key milestones included:<\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"fvUw1o\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-fvUw1o animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-no\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-BhDbSl animated guten-element-hide desktop-fadeInUp\"><div class=\"guten-column-wrapper\" data-id=\"BhDbSl\">\n<div class=\"guten-element guten-Vg6Bi6 guten-icon-box icon-position-undefined guten-data\" data-id=\"Vg6Bi6\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"fas fa-plane icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><h5 class=\"title\"><strong><strong>Tourism<\/strong><\/strong><\/h5><p class=\"icon-box-description\">South Sea Cruises achieved a record profit before tax, powered by a new investments. Beyond the numbers, this recovery has created livelihoods for countless Fijian families.<\/p><\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-EVeHKK animated guten-element-hide desktop-fadeInUp\"><div class=\"guten-column-wrapper\" data-id=\"EVeHKK\">\n<div class=\"guten-element guten-sbYXtM guten-icon-box icon-position-undefined guten-data\" data-id=\"sbYXtM\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"fas fa-file-invoice-dollar icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><h5 class=\"title\"><strong><strong>Finance<\/strong><\/strong><\/h5><p class=\"icon-box-description\">Merchant Finance achieved $15.9m profit before tax and expanded its net loan book by 44%. Importantly, over 270 iTaukei and women entrepreneurs accessed finance through Vanua and Marama Finance. These stories of empowerment reflect our mandate in action, even as we keep a watchful eye on loan quality.<\/p><\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-ZHXL7l animated guten-element-hide desktop-fadeInUp\"><div class=\"guten-column-wrapper\" data-id=\"ZHXL7l\">\n<div class=\"guten-element guten-25spjD guten-icon-box icon-position-undefined guten-data\" data-id=\"25spjD\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-shopping-cart-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><h5 class=\"title\"><strong><strong>Retail<\/strong><\/strong><\/h5><p class=\"icon-box-description\">RB Patel posted $182.2 million in revenue and $16.3 million profit before tax, sustaining its role as the Group\u2019s largest revenue driver, while advancing property developments that open new frontiers of growth.<\/p><\/div><\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"epKgYC\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-epKgYC animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-no\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-S6Wvxi animated guten-element-hide desktop-fadeInUp\"><div class=\"guten-column-wrapper\" data-id=\"S6Wvxi\">\n<div class=\"guten-element guten-XhRabd guten-icon-box icon-position-undefined guten-data\" data-id=\"XhRabd\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-Safe-house-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><h5 class=\"title\"><strong><strong><strong>Properties<\/strong><\/strong><\/strong><\/h5><p class=\"icon-box-description\">Beyond the Tower, full occupancy was achieved at Ratu Sukuna House &#8211; a steady contributor to Group earnings.<\/p><\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-WWl9oF animated guten-element-hide desktop-fadeInUp\"><div class=\"guten-column-wrapper\" data-id=\"WWl9oF\">\n<div class=\"guten-element guten-8QCq1J guten-icon-box icon-position-undefined guten-data\" data-id=\"8QCq1J\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-industry-solid icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><h5 class=\"title\"><strong><strong><strong>Industrials<\/strong><\/strong><\/strong><\/h5><p class=\"icon-box-description\">Pacific Cement returned to profit before tax with $4.3m, but its long-term competitiveness depends on a new mill. Basic Industries, however, recorded a $1.6m loss before tax, underscoring the urgent need for restructuring.<\/p><\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-LNe0YU animated guten-element-hide desktop-fadeInUp\"><div class=\"guten-column-wrapper\" data-id=\"LNe0YU\">\n<div class=\"guten-element guten-SnvyTM guten-icon-box icon-position-undefined guten-data\" data-id=\"SnvyTM\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-laptop1-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><h5 class=\"title\"><strong><strong><strong>Media<\/strong><\/strong><\/strong><\/h5><p class=\"icon-box-description\">Fiji TV posted a loss of $0.95m and remains reliant on grants. Life Cinema also remains marginal. These businesses will continue to challenge Group returns and will require bold steps to strengthen their future.<\/p><\/div><\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"OA9s8j\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-OA9s8j animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-default\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-jM3veB\"><div class=\"guten-column-wrapper\" data-id=\"jM3veB\">\n<div class=\"guten-element gutenverse-text-editor guten-7OGMNw\"><div class=\"text-content-inner\">\n<p>This mix of achievement and challenge is the reality of our Group. Tourism, Finance, and Retail remain our anchors, while Industrials and Media call for difficult but necessary decisions.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"B7CIK7\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-B7CIK7 animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-no\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-i294V1\"><div class=\"guten-column-wrapper\" data-id=\"i294V1\">\n<h2 class=\"wp-block-gutenverse-heading guten-element guten-doXEuw\"><strong>Outlook \u2013 In Pursuit of Our Purpose<\/strong><\/h2>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-jf4kFr\"><div class=\"text-content-inner\">\n<p>As we look forward to FY2026, we do so with confidence but also with caution. We are mindful of:<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-nuXNj4\"><div class=\"guten-column-wrapper\" data-id=\"nuXNj4\">\n<div class=\"guten-element guten-zqznvb guten-icon-box icon-position-left\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-smartphone2-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><p class=\"icon-box-description\">Global economic uncertainties and their impact on Fiji\u2019s domestic market.<\/p><\/div><\/div><\/div>\n\n\n\n<div class=\"guten-element guten-LEatbE guten-icon-box icon-position-left\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-Consultancy-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><p class=\"icon-box-description\">The volatility of the 2026 Fiji General Election may bring.<\/p><\/div><\/div><\/div>\n\n\n\n<div class=\"guten-element guten-q1IFOj guten-icon-box icon-position-left\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-chart2-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><p class=\"icon-box-description\">Ongoing challenges in Media (Fiji TV, Life Cinema) and Manufacturing (Basic Industries) that require bold transformation.<\/p><\/div><\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"dr8q8g\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-dr8q8g animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-default\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-y2l8qH\"><div class=\"guten-column-wrapper\" data-id=\"y2l8qH\">\n<div class=\"guten-element gutenverse-text-editor guten-FqR9Hb\"><div class=\"text-content-inner\">\n<p>But our path is clear:<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element guten-2WRQTP guten-icon-box icon-position-left\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-tick-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><p class=\"icon-box-description\">Fast-track tenancy at the Tower to secure income within 12-18 months.<\/p><\/div><\/div><\/div>\n\n\n\n<div class=\"guten-element guten-WxDGzL guten-icon-box icon-position-left\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-tick-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><p class=\"icon-box-description\">Maintain sustainable debt levels and strong cash reserves.<\/p><\/div><\/div><\/div>\n\n\n\n<div class=\"guten-element guten-Cp2zNt guten-icon-box icon-position-left\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-tick-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><p class=\"icon-box-description\">Restructure or recycle capital from underperforming units.<\/p><\/div><\/div><\/div>\n\n\n\n<div class=\"guten-element guten-Dz5QjW guten-icon-box icon-position-left\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-tick-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><p class=\"icon-box-description\">Safeguard loan quality at Merchant Finance while expanding inclusive lending.<\/p><\/div><\/div><\/div>\n\n\n\n<div class=\"guten-element guten-cBCP2z guten-icon-box icon-position-left\"><div class=\"guten-icon-box-wrapper hover-from-left\"><div class=\"icon-box icon-box-header\"><div class=\"icon bg-style-color\"><i class=\"gtn gtn-tick-light icon-style-color\"><\/i><\/div><\/div><div class=\"icon-box icon-box-body\"><p class=\"icon-box-description\">Invest in people and governance to strengthen leadership and culture.<\/p><\/div><\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"oQDGGg\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-oQDGGg animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-container guten-column-gap-no\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-mncnJ2\"><div class=\"guten-column-wrapper\" data-id=\"mncnJ2\">\n<h2 class=\"wp-block-gutenverse-heading guten-element guten-GEmcJb\"><strong>Gratitude and Call to Action<\/strong><\/h2>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-P99cjf\"><div class=\"text-content-inner\">\n<p>FY2025 has reminded us that true growth is measured not just in numbers, but in impact &#8211; the families supported, the entrepreneurs financed, the communities empowered.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-bqSJiM\"><div class=\"text-content-inner\">\n<p>I am deeply grateful to our Board for their wise counsel, our shareholders for their trust, and our employees for their sacrifice and service. Above all, I give glory to God for His faithfulness and favour.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-6qw3oq\"><div class=\"text-content-inner\">\n<p>As we step into FY2026, we do so with humility, courage, and faith. We will celebrate our victories, confront our challenges, and continue to grow into new frontiers &#8211; always in pursuit of our purpose.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n<div class=\"section-wrapper\" data-id=\"g1Dd9n\"><section class=\"wp-block-gutenverse-section guten-element guten-section guten-g1Dd9n animated guten-element-hide desktop-fadeInUp layout-boxed align-stretch\"><div class=\"guten-shape-divider guten-shape-divider-top\"><\/div><div class=\"guten-container guten-column-gap-no\">\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-2msUMT animated guten-element-hide desktop-fadeInLeft\"><div class=\"guten-column-wrapper\" data-id=\"2msUMT\">\n<div class=\"guten-element guten-spacer guten-PLYKcD\"><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-column guten-element guten-column guten-ZE4Ro0\"><div class=\"guten-column-wrapper\" data-id=\"ZE4Ro0\">\n<h2 class=\"wp-block-gutenverse-heading guten-element guten-OBvajx\">Learn More<\/h2>\n\n\n\n<div class=\"guten-element guten-button-wrapper guten-JrXPd3\"><a class=\"guten-button guten-button-sm\" href=\"https:\/\/fijianholdings.com.fj\/annual-report-2025\/board-of-directors\/\"><span>Board of Directors <\/span><i class=\"fa-lg gtn gtn-right-arrow-light\"><\/i><\/a><\/div>\n<\/div><\/div>\n<\/div><\/section><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FY2025 has reminded us that true growth is measured not just in numbers, but in impact &#8211; the families supported, the entrepreneurs financed, the communities empowered.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_zb_attr":"","zolo_post_video_link":"","footnotes":""},"class_list":["post-2408","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2025 Annual Report | Group CEO&#039;s Report<\/title>\n<meta name=\"description\" content=\"We gained some momentum in our strategic direction, the slowdown in the economy challenged our resolve for growth.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2025 Annual Report | Group CEO&#039;s Report\" \/>\n<meta property=\"og:description\" content=\"We gained some momentum in our strategic direction, the slowdown in the economy challenged our resolve for growth.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"Fijian Holdings Ltd\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-03T03:16:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-content\/uploads\/2025\/10\/screencapture-drive-google-drive-folders-1qfuDwcGTl-0cWT-GymgDXtHMlMbQjd1r-2025-10-06-11_36_04.png\" \/>\n\t<meta property=\"og:image:width\" content=\"794\" \/>\n\t<meta property=\"og:image:height\" content=\"406\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/hear-from-group-ceo\\\/\",\"url\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/hear-from-group-ceo\\\/\",\"name\":\"2025 Annual Report | Group CEO's Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/hear-from-group-ceo\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/hear-from-group-ceo\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Group-CEO-new3-copy.jpg\",\"datePublished\":\"2025-09-22T03:04:55+00:00\",\"dateModified\":\"2025-12-03T03:16:27+00:00\",\"description\":\"We gained some momentum in our strategic direction, the slowdown in the economy challenged our resolve for growth.\u00a0\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/hear-from-group-ceo\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/hear-from-group-ceo\\\/#primaryimage\",\"url\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Group-CEO-new3-copy.jpg\",\"contentUrl\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Group-CEO-new3-copy.jpg\",\"width\":2268,\"height\":2328,\"caption\":\"Group CEO\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/#website\",\"url\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/\",\"name\":\"Fijian Holdings Ltd\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/#organization\",\"name\":\"Fijian Holdings Ltd\",\"url\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/wp-content\\\/uploads\\\/2025\\\/12\\\/40th-Anniversary-Logo-1-1.png\",\"contentUrl\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/wp-content\\\/uploads\\\/2025\\\/12\\\/40th-Anniversary-Logo-1-1.png\",\"width\":794,\"height\":406,\"caption\":\"Fijian Holdings Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/fijianholdings.com.fj\\\/annual-report-2025\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"2025 Annual Report | Group CEO's Report","description":"We gained some momentum in our strategic direction, the slowdown in the economy challenged our resolve for growth.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/","og_locale":"en_US","og_type":"article","og_title":"2025 Annual Report | Group CEO's Report","og_description":"We gained some momentum in our strategic direction, the slowdown in the economy challenged our resolve for growth.\u00a0","og_url":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/","og_site_name":"Fijian Holdings Ltd","article_modified_time":"2025-12-03T03:16:27+00:00","og_image":[{"width":794,"height":406,"url":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-content\/uploads\/2025\/10\/screencapture-drive-google-drive-folders-1qfuDwcGTl-0cWT-GymgDXtHMlMbQjd1r-2025-10-06-11_36_04.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/","url":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/","name":"2025 Annual Report | Group CEO's Report","isPartOf":{"@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/#primaryimage"},"image":{"@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/#primaryimage"},"thumbnailUrl":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-content\/uploads\/2025\/10\/Group-CEO-new3-copy.jpg","datePublished":"2025-09-22T03:04:55+00:00","dateModified":"2025-12-03T03:16:27+00:00","description":"We gained some momentum in our strategic direction, the slowdown in the economy challenged our resolve for growth.\u00a0","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/hear-from-group-ceo\/#primaryimage","url":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-content\/uploads\/2025\/10\/Group-CEO-new3-copy.jpg","contentUrl":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-content\/uploads\/2025\/10\/Group-CEO-new3-copy.jpg","width":2268,"height":2328,"caption":"Group CEO"},{"@type":"WebSite","@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/#website","url":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/","name":"Fijian Holdings Ltd","description":"","publisher":{"@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/#organization","name":"Fijian Holdings Ltd","url":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/#\/schema\/logo\/image\/","url":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-content\/uploads\/2025\/12\/40th-Anniversary-Logo-1-1.png","contentUrl":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-content\/uploads\/2025\/12\/40th-Anniversary-Logo-1-1.png","width":794,"height":406,"caption":"Fijian Holdings Ltd"},"image":{"@id":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-json\/wp\/v2\/pages\/2408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-json\/wp\/v2\/comments?post=2408"}],"version-history":[{"count":0,"href":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-json\/wp\/v2\/pages\/2408\/revisions"}],"wp:attachment":[{"href":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/wp-json\/wp\/v2\/media?parent=2408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}