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Integrated Report 2026 PDF · 4.6 MB
Aerial view of a Velogic container ship cutting a forward-pointing wake through deep blue water, with the shadow of an aircraft overhead

Pushing forward
in adversity

Integrated Report 2026

How Velogic kept trade moving across Mauritius, Reunion, Madagascar, India and Kenya through a year of energy shocks, tariff uncertainty and disrupted shipping routes.

Explore the report FY26 at a glance
Financial year ended 30 June 2026Velogic Holding Company LimitedListed on the DEM, Stock Exchange of Mauritius

Velogic in Numbers

Report p.16–17

Financial performance

Profit after tax (MUR)
205m12%Jun 25: 233m
Revenue (MUR)
4,016m3%Jun 25: 4,132m
EBITDA* (MUR)
554m2%Jun 25: 567m
*Adjusted EBITDA – see CFIO’s Report on page 36
EPS (MUR)
2.0013%Jun 25: 2.29
DPS (MUR)
1.331%Jun 25: 1.35
PE**
7.2x6%Jun 25: 6.8x
**Share price MUR 14.45

Operational performance

Cross-border logistics
Total air (tons)
5,154Jun 25: 5,559
Sea freight (TEUs)
8,224Jun 25: 11,121
Express courier (no. of shipments)
91,788Jun 25: 95,373
Landside logistics
Container transport (no. of containerised trips)
71,870Jun 25: 73,996
Sugar transportation (k tons)
521Jun 25: 440
Container storage (k TEU)
604Jun 25: 536
Packing & shipping
Packing (tons)
6,846Jun 25: 5,564

Inside the Report

Seven chapters, in the order of the printed report. Open a chapter on the web, or jump straight to its page in the PDF.

p.1001Overview
  • About Velogic · Vision, Purpose & Values
  • Track record · Velogic in Numbers · Our Activities
p.2602Leadership Insights
  • In Conversation with our Chairman
  • CEO's Message · CFIO's Report
p.4403Sustainable Value Creation
  • Strategy · Value Creation Model · Capitals
  • Stakeholders · S&I Report · Our People
p.6804Corporate Governance
  • Shareholder Information · Voting Rights
  • Corporate Governance Report · Statutory Disclosures
p.10405Risk Management
  • FY26 Risk Environment · Our Approach
  • Principal Risks · Audit
p.12206Financial Performance
  • Independent Auditor's Report
  • Financial Statements · Notes
p.22007Supplementary Information
  • GRI Content Index · Carbon Accounting
  • Notice of Annual Meeting · Proxy Forms
PDFDownload the full report
  • Print edition, 240 pages in spreads
  • 11.1 MB · opens in a new tab

Leadership Insights

Read the chapter
Philippe Espitalier-Noël, Chairman
In conversation with our Chairman

“Our success in defending our positions in our core markets within this uncertain trading environment is a testament to the diversification strategy we have been pursuing…”

Philippe Espitalier-NoëlChairman

Read the interview
Nayendranath (Vishal) Nunkoo, Chief Executive Officer
CEO's Message

“In Mauritius, however, the Group improved its performance compared with FY25, increasing its profit after tax by 22.7% to MUR 136m.”

Nayendranath (Vishal) NunkooChief Executive Officer

Read the message
Hansraz (Hans) Mulloo, Chief Finance & Investment Officer
CFIO's Report

“We shifted our focus towards more profitable volume growth, particularly in sea groupage, consolidation, and air export.”

Hansraz (Hans) MullooChief Finance & Investment Officer

Read the report

About Velogic

Report p.10–13

For more than 60 years, Velogic has been turning the complexities of international trade into simple, reliable solutions. What began in 1964 as ER Group's freight forwarding arm is today an integrated logistics partner, and in 2021 became the first international logistics company listed on the DEM of the Stock Exchange of Mauritius.

Cross-Border Logistics, Landside Logistics and Packing & Shipping are brought together under one roof, so customers deal with a single trusted provider from origin to destination.

5
Territories: Mauritius, Reunion, Madagascar, India, Kenya
38
Offices across the network
+300
Agents and partners worldwide
1,535
Professionals
Our Vision

To be the regional logistics leader enabling trade sustainably.

Our Purpose

Our purpose is to make trade easy by enabling our clients to get the best possible logistics solutions, providing them proactively with relevant information and helping them to grow their business. Together, we make it happen for our success and growth.

Collaboration

We value diversity, nurture relationships and work together for shared success.

Agility

We anticipate change, adapt and act swiftly.

Responsibility

We act with purpose, take ownership and deliver impactful results.

Sustainability & Inclusiveness

Report p.56–61
74.356ktCO₂eqCarbon emissions, FY26FY25: 67.493 ktCO₂eq. FY26 uses an enhanced methodology with expanded data coverage.
1,907.34tCO₂eqEmissions avoided by the PV systemEquivalent to 104,141 trees planted
420Employees trainedFY25: 471
54.5hoursSpent on training and awarenessFY25: 27.1 h
6.7tWaste diverted from landfillFY25: 11.7 t
1.76tSugar waste repurposed for 14 beekeepersFY25: 1.02 t

Shareholders' Corner

Everything you need ahead of the Annual Meeting of Shareholders. Each document opens at the right page of the report.

66.5% of earnings returned to shareholders as dividends in FY26.Our Strategy, p.45
Five-year dividend record: dividend paid and dividend yield
Dividend paidDividend yield (DPS / share price)
YearDividend paidDividend yield (DPS / share price)
Jun 220.722.9%
Jun 231.205.2%
Jun 241.136.7%
Jun 251.358.7%
Jun 261.339.2%