{"id":2,"date":"2025-11-09T07:48:24","date_gmt":"2025-11-09T07:48:24","guid":{"rendered":"https:\/\/integratedreport.ubp.mu\/2025\/?page_id=2"},"modified":"2025-11-14T13:17:54","modified_gmt":"2025-11-14T13:17:54","slug":"sample-page","status":"publish","type":"page","link":"https:\/\/integratedreport.ubp.mu\/2025\/","title":{"rendered":"UBP Integrated Report 2025"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2\" class=\"elementor elementor-2\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f8b9e08 e-flex e-con-boxed e-con e-parent\" data-id=\"f8b9e08\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6a24e77 e-flex e-con-boxed e-con e-child\" data-id=\"6a24e77\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-8ae1fee e-con-full e-flex e-con e-child\" data-id=\"8ae1fee\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d014ee8 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"d014ee8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"215\" height=\"66\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-Landing-Page-elements-05.png\" class=\"attachment-full size-full wp-image-30\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7646fd elementor-widget elementor-widget-text-editor\" data-id=\"d7646fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/integratedreport.ubp.mu\/2025\/#financial-highlights\">FINANCIAL HIGHLIGHTS<\/a> <span class=\"divider\">|<\/span> <a href=\"https:\/\/integratedreport.ubp.mu\/2025\/#chairpersons-statement\">CHAIRPERSON&#8217;S STATEMENT<\/a> <span class=\"divider\">|<\/span> <a href=\"https:\/\/integratedreport.ubp.mu\/2025\/#ceos-interview\">GROUP CEO&#8217;S INTERVIEW<\/a> <span class=\"divider\">|<\/span> <a href=\"https:\/\/integratedreport.ubp.mu\/2025\/#cfos-report\">GROUP CFO&#8217;S REPORT<\/a><br \/>\u00a0<a href=\"https:\/\/integratedreport.ubp.mu\/2025\/#divisional-review\">DIVISIONAL REVIEW<\/a> <span class=\"divider\">|<\/span> <a href=\"https:\/\/integratedreport.ubp.mu\/2025\/#value-added-statement\">VALUE ADDED STATEMENT<\/a> <span class=\"divider\">|<\/span> <a href=\"https:\/\/integratedreport.ubp.mu\/2025\/#sustainability-report\">SUSTAINABILITY REPORT<\/a> <span class=\"divider\">|<\/span> <a href=\"https:\/\/integratedreport.ubp.mu\/2025\/#financial-statements\">FINANCIAL STATEMENTS<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-830e25e elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-image\" data-id=\"830e25e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1536\" height=\"1152\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Untitled-design.gif\" class=\"attachment-full size-full wp-image-720\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5428c96 e-flex e-con-boxed e-con e-child\" data-id=\"5428c96\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-653357d elementor-widget-mobile__width-initial elementor-invisible elementor-widget elementor-widget-image\" data-id=\"653357d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInLeft&quot;,&quot;_animation_mobile&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"288\" height=\"244\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-Landing-Page-elements-02.png\" class=\"attachment-full size-full wp-image-24\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7192874 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"7192874\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1284\" height=\"354\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123.png\" class=\"attachment-full size-full wp-image-91\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123.png 1284w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-300x83.png 300w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-1024x282.png 1024w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-768x212.png 768w\" sizes=\"(max-width: 1284px) 100vw, 1284px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c85824 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"2c85824\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-726c85e e-con-full e-flex e-con e-parent\" data-id=\"726c85e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-a519dc9 e-con-full e-flex e-con e-child\" data-id=\"a519dc9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c9ca1b1 elementor-widget elementor-widget-spacer\" data-id=\"c9ca1b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-344eda9 elementor-widget elementor-widget-menu-anchor\" data-id=\"344eda9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"financial-highlights\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d498da0 elementor-widget elementor-widget-heading\" data-id=\"d498da0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FINANCIAL <span style=\"color:#F2C94C\">HIGHLIGHTS<\/span>\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ceea5b elementor-widget elementor-widget-spacer\" data-id=\"5ceea5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15386ec elementor-widget elementor-widget-heading\" data-id=\"15386ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">REVENUE<br><br>\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c701b2e elementor-position-left elementor-position-top elementor-position-top elementor-vertical-align-middle elementor-widget elementor-widget-image-box\" data-id=\"c701b2e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"458\" height=\"458\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Revenue-Icon.png\" class=\"attachment-full size-full wp-image-754\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Revenue-Icon.png 458w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Revenue-Icon-300x300.png 300w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Revenue-Icon-150x150.png 150w\" sizes=\"(max-width: 458px) 100vw, 458px\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><span style=\"font-family:Poppins,Arial,sans-serif\"><span style=\"color:#FFE46D;font-weight:400;font-size:60px;line-height:1\">Rs <\/span><span style=\"color:#FFE46D;font-weight:700;font-size:72px;line-height:1\">8.4<\/span><span style=\"color:#FFFFFF;font-weight:400;font-size:28px;line-height:1;text-transform:uppercase;letter-spacing:0.03em\">Billion<\/span> <\/span><\/h3><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f508912 elementor-widget elementor-widget-heading\" data-id=\"f508912\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Group revenue for FY2025 increased substantially by Rs 3.2 billion, from Rs 5.1 billion to Rs 8.4 billion, an uptick of 64.1%. Bazalt R\u00e9union contributed Rs 2.7 billion to total\nrevenue. However, even without this contribution, our Mauritian operations, led by the\nstellar performance of UBP and Premix, delivered solid results, adding Rs 544 million\nin revenue, an increase of 10.6% over FY2024.\n<\/h6>\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fc695ef e-con-full e-grid e-con e-child\" data-id=\"fc695ef\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-e4e8b7d e-con-full e-flex e-con e-child\" data-id=\"e4e8b7d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8953f12 elementor-widget elementor-widget-heading\" data-id=\"8953f12\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">EARNINGS PER SHARE<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb6e670 elementor-position-inline-end elementor-tablet-position-inline-end elementor-view-default elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"eb6e670\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_2\" data-name=\"Layer 2\" viewBox=\"0 0 22.06 17.38\"><defs><style>      .cls-1 {        stroke: #ffe46d;      }      .cls-1, .cls-2 {        fill: none;      }      .cls-2 {        stroke: #fff;        stroke-width: .61px;      }    <\/style><\/defs><g id=\"Layer_1-2\" data-name=\"Layer 1\"><g><polygon class=\"cls-1\" points=\"11.03 .93 .91 16.88 21.15 16.88 11.03 .93\"><\/polygon><polygon class=\"cls-2\" points=\"11.03 4.97 4.88 14.67 17.18 14.67 11.03 4.97\"><\/polygon><\/g><\/g><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tRs 8.15\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a78d3c elementor-widget elementor-widget-text-editor\" data-id=\"7a78d3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>+9.5% VS 2024<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6d7f2a1 e-con-full e-flex e-con e-child\" data-id=\"6d7f2a1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3644f16 elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"3644f16\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">SHARE PRICE <span class=\"make-invisible\">............<\/span><\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f7e77b elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-heading\" data-id=\"1f7e77b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">SHARE PRICE<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8e9612 elementor-position-inline-end elementor-view-default elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"c8e9612\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_2\" data-name=\"Layer 2\" viewBox=\"0 0 22.06 17.37\"><defs><style>      .cls-1 {        stroke: #ffe46d;      }      .cls-1, .cls-2 {        fill: none;      }      .cls-2 {        stroke: #fff;        stroke-width: .61px;      }    <\/style><\/defs><g id=\"Layer_1-2\" data-name=\"Layer 1\"><g><polygon class=\"cls-1\" points=\"11.03 16.44 .91 .5 21.15 .5 11.03 16.44\"><\/polygon><polygon class=\"cls-2\" points=\"11.03 12.4 4.88 2.71 17.18 2.71 11.03 12.4\"><\/polygon><\/g><\/g><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tRs 78.00\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-277162d elementor-widget elementor-widget-text-editor\" data-id=\"277162d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>-9.3% VS 2024<\/p><p>-39.3% SINCE 5 YEARS<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-518be35 e-con-full e-flex e-con e-child\" data-id=\"518be35\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-85531e3 elementor-widget elementor-widget-heading\" data-id=\"85531e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">DIVIDED PER SHARE 2025<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-885ba2b elementor-position-inline-end elementor-view-default elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"885ba2b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"26\" height=\"26\"><path d=\"M0 0 C6.93 0 13.86 0 21 0 C21 0.66 21 1.32 21 2 C14.07 2 7.14 2 0 2 C0 1.34 0 0.68 0 0 Z \" fill=\"#FFE46D\" transform=\"translate(2,17)\"><\/path><path d=\"M0 0 C6.93 0 13.86 0 21 0 C21 0.66 21 1.32 21 2 C14.07 2 7.14 2 0 2 C0 1.34 0 0.68 0 0 Z \" fill=\"#FFE46D\" transform=\"translate(2,6)\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tRs 1.75\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e21e8e0 elementor-widget elementor-widget-text-editor\" data-id=\"e21e8e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Rs 1.75 FOR 2024<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a2b0a38 e-con-full e-flex e-con e-child\" data-id=\"a2b0a38\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c37d92b elementor-widget elementor-widget-heading\" data-id=\"c37d92b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">AVERAGE DIVIDEND PAYOUT RATIO <br><\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9677fde elementor-position-inline-end elementor-view-default elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"9677fde\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_2\" data-name=\"Layer 2\" viewBox=\"0 0 22.06 17.37\"><defs><style>      .cls-1 {        stroke: #ffe46d;      }      .cls-1, .cls-2 {        fill: none;      }      .cls-2 {        stroke: #fff;        stroke-width: .61px;      }    <\/style><\/defs><g id=\"Layer_1-2\" data-name=\"Layer 1\"><g><polygon class=\"cls-1\" points=\"11.03 16.44 .91 .5 21.15 .5 11.03 16.44\"><\/polygon><polygon class=\"cls-2\" points=\"11.03 12.4 4.88 2.71 17.18 2.71 11.03 12.4\"><\/polygon><\/g><\/g><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\t37.3<span style=\"color:#FFFFFF\">%<\/span>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f32ea4 elementor-widget elementor-widget-text-editor\" data-id=\"6f32ea4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>OVER THE PAST 5 YEARS<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5fd4a21 e-con-full e-flex e-con e-child\" data-id=\"5fd4a21\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-94806e1 elementor-widget elementor-widget-heading\" data-id=\"94806e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">COMPOUND AVERAGE ANNUAL TOTAL SHAREHOLDERS RETURN OVER THE PAST 5 YEARS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-397af1e elementor-position-inline-end elementor-view-default elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"397af1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_2\" data-name=\"Layer 2\" viewBox=\"0 0 22.06 17.37\"><defs><style>      .cls-1 {        stroke: #ffe46d;      }      .cls-1, .cls-2 {        fill: none;      }      .cls-2 {        stroke: #fff;        stroke-width: .61px;      }    <\/style><\/defs><g id=\"Layer_1-2\" data-name=\"Layer 1\"><g><polygon class=\"cls-1\" points=\"11.03 16.44 .91 .5 21.15 .5 11.03 16.44\"><\/polygon><polygon class=\"cls-2\" points=\"11.03 12.4 4.88 2.71 17.18 2.71 11.03 12.4\"><\/polygon><\/g><\/g><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\t-7.4<span style=\"color:#FFFFFF\">%<\/span>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-54f64df e-con-full e-flex e-con e-child\" data-id=\"54f64df\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3ba76ea elementor-widget elementor-widget-heading\" data-id=\"3ba76ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">COMPOUND AVERAGE ANNUAL GROWTH RATE OF SHARE PRICE OVER THE PAST 5 YEARS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3c567b elementor-position-inline-end elementor-view-default elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"b3c567b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_2\" data-name=\"Layer 2\" viewBox=\"0 0 22.06 17.37\"><defs><style>      .cls-1 {        stroke: #ffe46d;      }      .cls-1, .cls-2 {        fill: none;      }      .cls-2 {        stroke: #fff;        stroke-width: .61px;      }    <\/style><\/defs><g id=\"Layer_1-2\" data-name=\"Layer 1\"><g><polygon class=\"cls-1\" points=\"11.03 16.44 .91 .5 21.15 .5 11.03 16.44\"><\/polygon><polygon class=\"cls-2\" points=\"11.03 12.4 4.88 2.71 17.18 2.71 11.03 12.4\"><\/polygon><\/g><\/g><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\t-9.5<span style=\"color:#FFFFFF\">%<\/span>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bd32a0 elementor-widget elementor-widget-spacer\" data-id=\"4bd32a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f68d74f e-con-full e-flex e-con e-child\" data-id=\"f68d74f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fae2e4b elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"fae2e4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"469\" height=\"607\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-2.png\" class=\"attachment-full size-full wp-image-417\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-2.png 469w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-2-232x300.png 232w\" sizes=\"(max-width: 469px) 100vw, 469px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ceb923 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"0ceb923\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc69c28 elementor-widget elementor-widget-heading\" data-id=\"cc69c28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">REVENUE SHARE BY SEGMENT<\/h4>\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7f46b4b e-con-full e-grid e-con e-child\" data-id=\"7f46b4b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-3ca90d1 e-con-full e-flex e-con e-child\" data-id=\"3ca90d1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d4d863 elementor-widget elementor-widget-image\" data-id=\"5d4d863\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"106\" height=\"106\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-Landing-Page-icONS-08.png\" class=\"attachment-full size-full wp-image-84\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f25861 elementor-widget elementor-widget-heading\" data-id=\"6f25861\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">CORE BUSINESS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed4b09b elementor-widget elementor-widget-heading\" data-id=\"ed4b09b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">83<span style=\"color:#FFFFFF\"><small>%<\/small><\/span><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-058b290 e-con-full e-flex e-con e-child\" data-id=\"058b290\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-804832d elementor-widget elementor-widget-image\" data-id=\"804832d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"106\" height=\"106\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-Landing-Page-icONS-09.png\" class=\"attachment-large size-large wp-image-83\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b27593 elementor-widget elementor-widget-heading\" data-id=\"1b27593\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">RETAIL<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87883c3 elementor-widget elementor-widget-heading\" data-id=\"87883c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">15<span style=\"color:#FFFFFF\"><small>%<\/small><\/span><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8b4baa2 e-con-full e-flex e-con e-child\" data-id=\"8b4baa2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bbf56b6 elementor-widget elementor-widget-image\" data-id=\"bbf56b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"106\" height=\"106\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-Landing-Page-icONS-10.png\" class=\"attachment-large size-large wp-image-82\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b80023 elementor-widget elementor-widget-heading\" data-id=\"2b80023\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">AGRICULTURE<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15a05b0 elementor-widget elementor-widget-heading\" data-id=\"15a05b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">2<span style=\"color:#FFFFFF\"><small>%<\/small><\/span><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3b9da60 e-con-full e-grid e-con e-child\" data-id=\"3b9da60\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7e9780a elementor-widget elementor-widget-heading\" data-id=\"7e9780a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">REVENUE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f7eb29 elementor-widget elementor-widget-heading\" data-id=\"0f7eb29\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><span style=\"color:#FFE46D\">Rs <b>8.4<\/b><\/span><span style=\"font-size: 0.8em\">BILLION<\/span><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-129ac19 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"129ac19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a259338 elementor-widget elementor-widget-text-editor\" data-id=\"a259338\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>+64.1% VS 2024<br \/>+195.3% SINCE 5 YEARS<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3f9fefe e-con-full e-grid e-con e-child\" data-id=\"3f9fefe\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-609007f elementor-widget elementor-widget-heading\" data-id=\"609007f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">OPERATING PROFIT<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bd3b8e elementor-widget elementor-widget-heading\" data-id=\"2bd3b8e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><span style=\"color:#FFE46D\">Rs <b>694.3<\/b><\/span><span style=\"font-size: 0.8em\">MILLION<\/span><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17132d6 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"17132d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc65d8c elementor-widget elementor-widget-text-editor\" data-id=\"dc65d8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>+109.9% VS 2024<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-943e6db e-con-full e-grid e-con e-child\" data-id=\"943e6db\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8010ef9 elementor-widget elementor-widget-heading\" data-id=\"8010ef9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">PROFIT FOR THE YEAR<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f32541 elementor-widget elementor-widget-heading\" data-id=\"1f32541\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><span style=\"color:#FFE46D\">Rs <b>238.8<\/b><\/span><span style=\"font-size: 0.8em\">MILLION<\/span><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10dce7f elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"10dce7f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9f094c elementor-widget elementor-widget-text-editor\" data-id=\"d9f094c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>+14.5% VS 2024<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a46549 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"5a46549\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=5\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1187\" height=\"51\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-17123.png\" class=\"attachment-full size-full wp-image-628\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-17123.png 1187w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-17123-300x13.png 300w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-17123-1024x44.png 1024w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-17123-768x33.png 768w\" sizes=\"(max-width: 1187px) 100vw, 1187px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-249846e e-con-full e-flex e-con e-parent\" data-id=\"249846e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7f566ef elementor-widget elementor-widget-spacer\" data-id=\"7f566ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-395e91b elementor-widget elementor-widget-image\" data-id=\"395e91b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2362\" height=\"178\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-1.png\" class=\"attachment-full size-full wp-image-598\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-1.png 2362w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-1-300x23.png 300w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-1-1024x77.png 1024w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-1-768x58.png 768w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-1-1536x116.png 1536w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-9123-1-2048x154.png 2048w\" sizes=\"(max-width: 2362px) 100vw, 2362px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6292018 elementor-widget elementor-widget-spacer\" data-id=\"6292018\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d9ec0a2 e-con-full e-flex e-con e-parent\" data-id=\"d9ec0a2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-3354157 e-con-full e-flex e-con e-child\" data-id=\"3354157\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a412df3 elementor-widget elementor-widget-menu-anchor\" data-id=\"a412df3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"chairpersons-statement\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3e21ab elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"c3e21ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CHAIRPERSON'S <span style=\"color: #FFE46D\">STATEMENT<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-308d7ee elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"308d7ee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf7557b elementor-widget__width-inherit elementor-invisible elementor-widget elementor-widget-image\" data-id=\"bf7557b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInLeft&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"910\" height=\"1087\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-4.png\" class=\"attachment-full size-full wp-image-744\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-4.png 910w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-4-251x300.png 251w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-4-857x1024.png 857w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-4-768x917.png 768w\" sizes=\"(max-width: 910px) 100vw, 910px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b63776b e-con-full e-flex e-con e-child\" data-id=\"b63776b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-02177dc elementor-widget elementor-widget-image\" data-id=\"02177dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"993\" height=\"278\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-3.png\" class=\"attachment-full size-full wp-image-646\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-3.png 993w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-3-300x84.png 300w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-3-768x215.png 768w\" sizes=\"(max-width: 993px) 100vw, 993px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-263df7f elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"263df7f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h5><strong>BALANCING GROWTH IN A REGIONAL LANDSCAPE<\/strong><\/h5><p>As we entered financial year 2025, the Group stood as a newly regionalised entity, operating within two markedly different economic environments. In Mauritius, the context was shaped by rising labour costs, including an imposed 14th-month salary and significant wage increases, set against a backdrop of political transition. Despite initial uncertainty, the construction sector flourished with the start of major public infrastructure projects alongside the New Social Living Developments (NSLD) project, which together fueled demand and activity across the sector.<\/p><p>In Reunion Island, the economic slowdown was pronounced, underscoring the cyclical nature of our industry and adding complexity to this first year of consolidation. Yet, the Group delivered strong results, reinforcing our confidence in the strategic direction we have taken. For me, the recovery of our core business and Bazalt R\u00e9union&#8217;s outstanding performance have been the defining features of the year. The acquisition has proven transformational, generating profitability in its first year and positively reshaping the Group&#8217;s profile.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fbaeec1 elementor-widget elementor-widget-image\" data-id=\"fbaeec1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=8\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"455\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-3123-3.png\" class=\"attachment-full size-full wp-image-591\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-3123-3.png 455w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-3123-3-300x34.png 300w\" sizes=\"(max-width: 455px) 100vw, 455px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f5ff09 elementor-widget elementor-widget-spacer\" data-id=\"8f5ff09\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a810502 e-con-full e-flex e-con e-parent\" data-id=\"a810502\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-b5dd9ae e-con-full e-flex e-con e-child\" data-id=\"b5dd9ae\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9b1d6b3 elementor-widget elementor-widget-spacer\" data-id=\"9b1d6b3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f36512 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"7f36512\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">GROUP CEO'S <span style=\"color: #FFE46D\">INTERVIEW<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-773fddd elementor-widget elementor-widget-spacer\" data-id=\"773fddd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e5ad24 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"4e5ad24\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h5><span style=\"color: #ffe46d\"> HOW DID 2025 UNFOLD FOR THE GROUP? WHAT STANDS OUT MOST TO YOU?<\/span><\/h5><p>2025 marked an important step in our evolution \u2013 our first full year operating as a truly regional Group following the integration of Bazalt R\u00e9union. With that came increased scale, but also the need for greater coordination and responsibility in the way we operate. I am proud to share that we delivered on both fronts.<\/p><p>Despite facing a demanding environment, from rising labour costs in Mauritius, a slowdown in Reunion Island, and a more constrained cash position following our recent acquisition, we achieved strong growth in revenue and profitability. The improvements we have seen this year, whether in performance, in pace, or in cohesion, reflect the steady transformation we have been driving over the past few years. We have improved coordination, defined roles more clearly, and sharpened visibility across all our operations. And while these changes may not produce immediate results, they are moving the needle in meaningful ways and helping us build a more focused, disciplined way of working.<\/p><p>Behind these numbers lies the effort of every single individual within the Group who has stepped up and is fully committed to their role. To me, this reflects the culture we&#8217;ve built, where each person understands the value of their contribution to the bigger picture, and consistently gives their best to help us grow stronger.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b856d7f elementor-widget elementor-widget-image\" data-id=\"b856d7f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=10\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"456\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-2123-2.png\" class=\"attachment-full size-full wp-image-588\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-2123-2.png 456w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-2123-2-300x34.png 300w\" sizes=\"(max-width: 456px) 100vw, 456px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-606cf0e elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"606cf0e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e2f973f e-con-full e-flex e-con e-child\" data-id=\"e2f973f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-77b44a4 elementor-widget elementor-widget-menu-anchor\" data-id=\"77b44a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"ceos-interview\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8faabe elementor-widget__width-inherit elementor-invisible elementor-widget elementor-widget-image\" data-id=\"d8faabe\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInRight&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1109\" height=\"1276\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123.png\" class=\"attachment-full size-full wp-image-610\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123.png 1109w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123-261x300.png 261w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123-890x1024.png 890w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123-768x884.png 768w\" sizes=\"(max-width: 1109px) 100vw, 1109px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b274875 e-con-full e-flex e-con e-parent\" data-id=\"b274875\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-4074ab8 e-con-full e-flex e-con e-child\" data-id=\"4074ab8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9eb86d9 elementor-widget elementor-widget-spacer\" data-id=\"9eb86d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5ab5bc elementor-widget elementor-widget-menu-anchor\" data-id=\"d5ab5bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"cfos-report\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1187b9c elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"1187b9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">GROUP CFO'S <span style=\"color: #FFE46D\">REPORT<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09a81d0 elementor-widget__width-inherit elementor-invisible elementor-widget elementor-widget-image\" data-id=\"09a81d0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInLeft&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"845\" height=\"1178\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123-1.png\" class=\"attachment-full size-full wp-image-621\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123-1.png 845w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123-1-215x300.png 215w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123-1-735x1024.png 735w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-14123-1-768x1071.png 768w\" sizes=\"(max-width: 845px) 100vw, 845px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-033259a elementor-widget elementor-widget-spacer\" data-id=\"033259a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-166a270 e-con-full e-flex e-con e-child\" data-id=\"166a270\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8ade192 elementor-widget elementor-widget-image\" data-id=\"8ade192\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"322\" height=\"114\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-1.png\" class=\"attachment-full size-full wp-image-181\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-1.png 322w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-1123-1-300x106.png 300w\" sizes=\"(max-width: 322px) 100vw, 322px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-436357b elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"436357b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h5><strong>PERFORMANCE OVERVIEW<\/strong><\/h5><p>FY2025 was marked by growth and consolidation for UBP, as our strategy to strengthen our position both locally and regionally continued to bear fruit. The Group&#8217;s major segments were boosted by government projects in social housing and infrastructure, in which UBP played an important role, making a solid contribution to our overall performance for the year. Both UBP and Premix delivered exemplary results; however, the construction sector remained under pressure as material and shipping costs continued to rise and global events caused supply chain delays. The shortage of skilled labour in Mauritius also persisted, particularly in our retail segment. (See \u201cOperating Environment\u201d, pg. 22, for more information.)<\/p><p>We are particularly proud to announce that, despite a difficult operating environment, Group revenue increased substantially by Rs 3.2 billion, from Rs 5.1 billion to Rs 8.4 billion, an uptick of 64.1%. Bazalt Reunion contributed Rs 2.7 billion to total revenue. However, even without this contribution, our Mauritian operations, led by the stellar performance of UBP and Premix, delivered solid results, adding Rs 544 million in revenue, an increase of 10.6% over FY2024.<\/p><p>The upsurge in revenue was reflected in our operating profit, which more than doubled from Rs 330.8 million in FY2024 to Rs 694.3 million in FY2025, of which Rs 288.3 million originated from Bazalt R\u00e9union and Rs 61.5 million from an exceptional gain realised on the disposal of investment properties.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5f87ed elementor-widget elementor-widget-image\" data-id=\"e5f87ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=23\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"455\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-3123-3.png\" class=\"attachment-full size-full wp-image-591\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-3123-3.png 455w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-3123-3-300x34.png 300w\" sizes=\"(max-width: 455px) 100vw, 455px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73909d7 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"73909d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4613ee7 e-con-full e-flex e-con e-parent\" data-id=\"4613ee7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-81cd408 elementor-widget elementor-widget-spacer\" data-id=\"81cd408\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e4c3d8 elementor-widget elementor-widget-menu-anchor\" data-id=\"9e4c3d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"divisional-review\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-33e96e7 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"33e96e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DIVISIONAL <span style=\"color: #FFE46D\">REVIEW<\/span><\/h2>\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e6c0c4f e-con-full e-flex e-con e-child\" data-id=\"e6c0c4f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8bf8f1d elementor-widget__width-inherit elementor-widget elementor-widget-n-accordion\" data-id=\"8bf8f1d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1460\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-1460\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h2 class=\"e-n-accordion-item-title-text\"> The United Basalt Products Limited <\/h2><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1460\" class=\"elementor-element elementor-element-9d52e68 e-con-full e-flex e-con e-child\" data-id=\"9d52e68\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a0ddb32 elementor-widget elementor-widget-text-editor\" data-id=\"a0ddb32\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"body\" style=\"margin-bottom: 6.0pt;text-align: left;line-height: normal\" align=\"left\"><strong><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext;text-transform: uppercase\">Contribution to the Group<\/span><\/strong><\/p><p class=\"body\" style=\"margin-bottom: 6.0pt;line-height: normal\"><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext\">Our entity is a significant contributor to the Group\u2019s overall performance locally, providing 54.7% of the Building Materials cluster revenue. We play a crucial strategic role within the Group as we supply other Group companies with the raw materials they need for their production and for reselling. The revenue generated from our aggregate and block activities enables the Group to make strategic investments and fuel its growth over time. We also offer a competitive advantage to our intra-group customers by being the main supplier of aggregates, strengthening the UBP Building Materials value chain. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e5c6d0 elementor-widget elementor-widget-image\" data-id=\"5e5c6d0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=27\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"255\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-15123.png\" class=\"attachment-full size-full wp-image-625\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1461\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1461\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h2 class=\"e-n-accordion-item-title-text\"> Premix Ltd <\/h2><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1461\" class=\"elementor-element elementor-element-c64839a e-con-full e-flex e-con e-child\" data-id=\"c64839a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1a85812 elementor-widget elementor-widget-text-editor\" data-id=\"1a85812\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"body\" style=\"margin-bottom: 6.0pt;text-align: left;line-height: normal\" align=\"left\"><strong><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext;text-transform: uppercase\">Contribution to the Group<\/span><\/strong><\/p><p class=\"body\" style=\"margin-bottom: 6.0pt;line-height: normal\"><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext\">Premix plays a crucial role in UBP\u2019s overall strategy and performance. As concrete is a major end user of aggregates, our projects contribute significantly to the consumption of UBP\u2019s products. Furthermore, our ability to secure customers often leads to potential business for the other entities in the Building Materials cluster, since construction projects require concrete, blocks, rocksand and other materials. This vertical integration creates tangible synergies within the Group, leading to collaborations on projects such as the Phoenix-Beaux Songes Link Road, a major infrastructure project in Mauritius which used both UBP aggregates and Premix concrete.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df2068e elementor-widget elementor-widget-image\" data-id=\"df2068e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=28\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"255\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-15123.png\" class=\"attachment-full size-full wp-image-625\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1462\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1462\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h2 class=\"e-n-accordion-item-title-text\"> Drymix Ltd <\/h2><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1462\" class=\"elementor-element elementor-element-0ab7eea e-con-full e-flex e-con e-child\" data-id=\"0ab7eea\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ad7cf0b elementor-widget elementor-widget-text-editor\" data-id=\"ad7cf0b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"body\" style=\"margin-bottom: 6.0pt;text-align: left;line-height: normal\" align=\"left\"><strong><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext;text-transform: uppercase\">Contribution to the Group<\/span><\/strong><\/p><p class=\"body\" style=\"margin-bottom: 6.0pt;line-height: normal\"><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext\">Not only is Drymix one of UBP\u2019s top three customers for rocksand, we leverage group synergies through joint cement procurement. Historically, Group companies functioned independently of each other. However, since the establishment of the Building Materials cluster, we have begun to work together strategically to negotiate with suppliers, resulting in more favourable pricing for higher-volume purchases. Efforts are ongoing to further improve teamwork and integration across the cluster. Furthermore, Drymix operates a subsidiary in Reunion Island. Our products are exported to both Reunion Island and Mayotte.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a57c924 elementor-widget elementor-widget-image\" data-id=\"a57c924\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=29\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"255\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-15123.png\" class=\"attachment-full size-full wp-image-625\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1463\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1463\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h2 class=\"e-n-accordion-item-title-text\"> Espace Masion Lt\u00e9e <\/h2><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1463\" class=\"elementor-element elementor-element-0a3f1ac e-con-full e-flex e-con e-child\" data-id=\"0a3f1ac\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-93b0edc elementor-widget elementor-widget-text-editor\" data-id=\"93b0edc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"body\" style=\"margin-bottom: 6.0pt;text-align: left;line-height: normal\" align=\"left\"><strong><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext;text-transform: uppercase\">Contribution to the Group<\/span><\/strong><\/p><p class=\"body\" style=\"margin-bottom: 6.0pt;line-height: normal\"><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext\">Espace Maison has always been a significant contributor to the Group\u2019s overall performance and a key component of the strategy. We represent about 16.0% of the total revenue of the Group. Over the past decade, we have more than doubled our revenue and established a strong brand and consumer image. By providing the finishings needed after construction, our products and services complement those of other subsidiaries in the Group.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74abad9 elementor-widget elementor-widget-image\" data-id=\"74abad9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=30\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"255\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-15123.png\" class=\"attachment-full size-full wp-image-625\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1464\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1464\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h2 class=\"e-n-accordion-item-title-text\"> Compagnie de Gros Cailloux Limit\u00e9e <\/h2><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1464\" class=\"elementor-element elementor-element-c39ee0d e-con-full e-flex e-con e-child\" data-id=\"c39ee0d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8097f06 elementor-widget elementor-widget-text-editor\" data-id=\"8097f06\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"body\" style=\"margin-bottom: 6.0pt;text-align: left;line-height: normal\" align=\"left\"><strong><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext;text-transform: uppercase\">Contribution to the Group<\/span><\/strong><\/p><p class=\"body\" style=\"margin-bottom: 6.0pt;line-height: normal\"><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext\">Gros Cailloux embodies the Group\u2019s ambition to move beyond its traditional activities by diversifying revenue streams and enhancing its sustainability profile through initiatives like our compost project (see Sustainability Report, page 68). Our relationship with Espace Maison is mutually beneficial; we produced 390,000 plants for sale through Espace Maison outlets, representing 71% of our nursery sales. We unlock land value appreciation and create opportunities for future strategic development. Internally, collaboration initiatives such as \u201cMo Bizin Twa\u201d (\u201cI need you\u201d in English) have broken down silos and strengthened solidarity, embedding agility and inclusiveness into our company culture.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24e029a elementor-widget elementor-widget-image\" data-id=\"24e029a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=31\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"255\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-15123.png\" class=\"attachment-full size-full wp-image-625\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1465\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1465\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h2 class=\"e-n-accordion-item-title-text\"> SAS Bazalt R\u00e9union <\/h2><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1465\" class=\"elementor-element elementor-element-5bc7289 e-con-full e-flex e-con e-child\" data-id=\"5bc7289\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4b0924e elementor-widget elementor-widget-text-editor\" data-id=\"4b0924e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"body\" style=\"margin-bottom: 6.0pt;text-align: left;line-height: normal\" align=\"left\"><strong><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext;text-transform: uppercase\">Contribution to the Group<\/span><\/strong><\/p><p class=\"body\" style=\"margin-bottom: 6.0pt;line-height: normal\"><span lang=\"EN-US\" style=\"font-family: 'Calibri',sans-serif;color: windowtext\">The acquisition of Bazalt R\u00e9union as from July 2024 has added a new dimension to the Group\u2019s portfolio. Beyond extending our regional footprint, Bazalt R\u00e9union brings distinctive technologies, industrial processes and know-how that differ from those relevant to our activities in Mauritius. For example, the quarrying and aggregates production processes in Reunion Island allow for deeper extraction, producing materials of a different quality, while precast offerings are broader and more technologically advanced. This extends our value proposition and diversifies our capabilities. Anzemberg on the other hand adds specialised expertise, broadening the overall scope of services and reinforcing our position as a comprehensive regional provider.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2918856 elementor-widget elementor-widget-image\" data-id=\"2918856\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=32\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"255\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-15123.png\" class=\"attachment-full size-full wp-image-625\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5010904 elementor-widget elementor-widget-spacer\" data-id=\"5010904\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d534c41 elementor-widget elementor-widget-menu-anchor\" data-id=\"d534c41\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"value-added-statement\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ab1de9a e-con-full e-flex e-con e-child\" data-id=\"ab1de9a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8d7ff49 elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"8d7ff49\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">VALUE ADDED <span style=\"color:#F9D85B\">STATEMENT<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d0cc258 e-con-full e-flex e-con e-child\" data-id=\"d0cc258\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fe10134 elementor-widget__width-inherit elementor-widget elementor-widget-image\" data-id=\"fe10134\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"845\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-4123-1-scaled.png\" class=\"attachment-full size-full wp-image-389\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-4123-1-scaled.png 2560w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-4123-1-300x99.png 300w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-4123-1-1024x338.png 1024w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-4123-1-768x254.png 768w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-4123-1-1536x507.png 1536w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-4123-1-2048x676.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c0b23e elementor-widget elementor-widget-image\" data-id=\"7c0b23e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=26\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"749\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-3123-1.png\" class=\"attachment-full size-full wp-image-224\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-3123-1.png 749w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-3123-1-300x21.png 300w\" sizes=\"(max-width: 749px) 100vw, 749px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-807f3d6 e-con-full e-flex e-con e-parent\" data-id=\"807f3d6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5ded5ea elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"5ded5ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79874e1 elementor-widget elementor-widget-menu-anchor\" data-id=\"79874e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"sustainability-report\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-695f9a2 elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"695f9a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SUSTAINABILITY <span style=\"color:#91C848\">REPORT<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d2a63f elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"8d2a63f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-93e89a5 e-con-full elementor-hidden-tablet elementor-hidden-mobile e-flex e-con e-parent\" data-id=\"93e89a5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-daf1ef8 e-con-full e-flex e-con e-child\" data-id=\"daf1ef8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7d7bd6c elementor-widget elementor-widget-heading\" data-id=\"7d7bd6c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">TRANSFORMATION AND INNOVATION<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccc9b02 elementor-widget elementor-widget-text-editor\" data-id=\"ccc9b02\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>At UBP, we recognise that, as a major player in a resource-intensive industry, we have a dual responsibility to provide the materials needed to create the built environment \u2013 to the highest quality and safety standards \u2013 and to do so with due regard for our impact on the environment, on the communities we serve, and on our employees. The extraction and crushing of basaltic rocks to produce aggregates and their by-products have environmental consequences that need to be managed and mitigated.<\/p><p>To ensure the Group is \u201cfuture ready\u201d and able to anticipate these challenges and transform them into opportunities, the Transformation and Innovation (T&amp;I) Office was set up in May 2024.<\/p><p>The key action areas of the T&amp;I Office comprise three activities: Sustainability; Innovation with a focus on \u2018R&amp;DD\u2019 (Recherche et D\u00e9veloppement Durable); and Digital Technologies to optimise the use of resources. The Office is developing a framework to instil an innovation culture into operational units and drive change within the Group.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0aa3dfb elementor-widget elementor-widget-spacer\" data-id=\"0aa3dfb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04af4a1 elementor-widget elementor-widget-image\" data-id=\"04af4a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=36\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"656\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-16123.png\" class=\"attachment-full size-full wp-image-627\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-16123.png 656w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-16123-300x24.png 300w\" sizes=\"(max-width: 656px) 100vw, 656px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1dd023 elementor-widget elementor-widget-spacer\" data-id=\"d1dd023\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-438079e e-con-full e-flex e-con e-child\" data-id=\"438079e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c880c70 e-con-full e-flex e-con e-child\" data-id=\"c880c70\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-276edef elementor-widget elementor-widget-heading\" data-id=\"276edef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">HUMAN CAPITAL <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-434dc55 elementor-widget elementor-widget-text-editor\" data-id=\"434dc55\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Our people are central to our ability to create long-term value. As a Group, we strive to ensure that every employee feels part of a unified vision, regardless of their division, role or location. Guided by our values \u2014 integrity, engagement and innovation \u2014 we are fostering a cohesive workforce that can deliver on our transformation agenda while remaining firmly anchored in shared purpose.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e29f0c6 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"e29f0c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f0f3a26 e-con-full elementor-hidden-desktop e-flex e-con e-parent\" data-id=\"f0f3a26\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-b35a6e8 e-con-full e-flex e-con e-child\" data-id=\"b35a6e8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-41cc7e0 elementor-widget elementor-widget-heading\" data-id=\"41cc7e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">TRANSFORMATION AND INNOVATION<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-831634e elementor-widget elementor-widget-text-editor\" data-id=\"831634e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>At UBP, we recognise that, as a major player in a resource-intensive industry, we have a dual responsibility to provide the materials needed to create the built environment \u2013 to the highest quality and safety standards \u2013 and to do so with due regard for our impact on the environment, on the communities we serve, and on our employees. The extraction and crushing of basaltic rocks to produce aggregates and their by-products have environmental consequences that need to be managed and mitigated.<\/p><p>To ensure the Group is \u201cfuture ready\u201d and able to anticipate these challenges and transform them into opportunities, the Transformation and Innovation (T&amp;I) Office was set up in May 2024.<\/p><p>The key action areas of the T&amp;I Office comprise three activities: Sustainability; Innovation with a focus on \u2018R&amp;DD\u2019 (Recherche et D\u00e9veloppement Durable); and Digital Technologies to optimise the use of resources. The Office is developing a framework to instil an innovation culture into operational units and drive change within the Group.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56569db elementor-widget elementor-widget-spacer\" data-id=\"56569db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-98ff0db e-con-full e-flex e-con e-child\" data-id=\"98ff0db\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-924ff63 elementor-widget elementor-widget-heading\" data-id=\"924ff63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">HUMAN CAPITAL <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f60db1f elementor-widget elementor-widget-text-editor\" data-id=\"f60db1f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Our people are central to our ability to create long-term value. As a Group, we strive to ensure that every employee feels part of a unified vision, regardless of their division, role or location. Guided by our values \u2014 integrity, engagement and innovation \u2014 we are fostering a cohesive workforce that can deliver on our transformation agenda while remaining firmly anchored in shared purpose.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85da521 elementor-widget elementor-widget-image\" data-id=\"85da521\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=36\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"656\" height=\"52\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-16123.png\" class=\"attachment-full size-full wp-image-627\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-16123.png 656w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/Asset-16123-300x24.png 300w\" sizes=\"(max-width: 656px) 100vw, 656px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b1694a1 e-flex e-con-boxed e-con e-parent\" data-id=\"b1694a1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-505e318 elementor-widget elementor-widget-spacer\" data-id=\"505e318\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c7868ad e-con-full e-flex e-con e-parent\" data-id=\"c7868ad\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-1c66ebd e-con-full e-flex e-con e-child\" data-id=\"1c66ebd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3cb12b9 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"3cb12b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a474e3 elementor-widget elementor-widget-text-editor\" data-id=\"5a474e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Dear Shareholders,<\/p><p>The Board of Directors of The United Basalt Products Limited (the \u2018Board\u2019) is pleased to present the Integrated Report of the Company for the year ended June 30, 2025 (the \u2018Report\u2019). This Report was approved by the Board on September\u00a025,\u00a02025.<\/p><p>FORWARD-LOOKING STATEMENTS<\/p><p>This report contains certain forward-looking statements regarding the results and operations of the Group which, by their nature, involve risk and uncertainty, because they depend on circumstances that may or may not occur in the future. Although forward-looking statements contained in this presentation are based upon what management believes are reasonable assumptions, undue reliance should not be placed on them.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0db20c9 elementor-widget elementor-widget-image\" data-id=\"0db20c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1536\" src=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/ChatGPT-Image-Nov-11-2025-10_30_10-AM.png\" class=\"attachment-full size-full wp-image-198\" alt=\"\" srcset=\"https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/ChatGPT-Image-Nov-11-2025-10_30_10-AM.png 1024w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/ChatGPT-Image-Nov-11-2025-10_30_10-AM-200x300.png 200w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/ChatGPT-Image-Nov-11-2025-10_30_10-AM-683x1024.png 683w, https:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/ChatGPT-Image-Nov-11-2025-10_30_10-AM-768x1152.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85e60ba elementor-widget elementor-widget-text-editor\" data-id=\"85e60ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>JEAN-CLAUDE B\u00c9GA<\/b><br \/>CHAIRPERSON<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64e562c elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"64e562c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Developed by<a href=\"https:\/\/loudgroup.co.za\/\" target=\"_blank\" rel=\"noopener\"> The Loud Group<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-63f3940 e-con-full e-flex e-con e-child\" data-id=\"63f3940\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-98665c9 elementor-widget elementor-widget-menu-anchor\" data-id=\"98665c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"financial-statements\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c8c824 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"7c8c824\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24a0cd4 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"24a0cd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=5\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-right\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">FINANCIAL HIGHLIGHTS<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=8\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-right\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">CHAIRPERSON'S STATEMENT<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=10\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-right\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">GROUP CEO'S INTERVIEW<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=23\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-right\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">GROUP CFO'S REPORT <\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=27\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-right\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">DIVISIONAL REVIEW<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=26\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-right\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">VALUE ADDED STATEMENT <\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=36\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-right\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">SUSTAINABILITY REPORT <\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf#page=64\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-right\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">FINANCIAL STATEMENTS<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/integratedreport.ubp.mu\/2025\/wp-content\/uploads\/sites\/4\/2025\/11\/UBP-IAR-2025.pdf\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-right\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">FULL REPORT<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39140a8 elementor-widget elementor-widget-spacer\" data-id=\"39140a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07191dc elementor-widget elementor-widget-heading\" data-id=\"07191dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u00a9 2025 UBP Integrated Report. All rights reserved.<\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aac5c74 elementor-widget elementor-widget-spacer\" data-id=\"aac5c74\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>FINANCIAL HIGHLIGHTS | CHAIRPERSON&#8217;S STATEMENT | GROUP CEO&#8217;S INTERVIEW | GROUP CFO&#8217;S REPORT\u00a0DIVISIONAL REVIEW | VALUE ADDED STATEMENT | SUSTAINABILITY REPORT | FINANCIAL STATEMENTS FINANCIAL HIGHLIGHTS REVENUE Rs 8.4Billion Group revenue for FY2025 increased substantially by Rs 3.2 billion, from Rs 5.1 billion to Rs 8.4 billion, an uptick of 64.1%. Bazalt R\u00e9union contributed Rs [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"elementor_canvas","meta":{"footnotes":""},"class_list":["post-2","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/integratedreport.ubp.mu\/2025\/wp-json\/wp\/v2\/pages\/2","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/integratedreport.ubp.mu\/2025\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/integratedreport.ubp.mu\/2025\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/integratedreport.ubp.mu\/2025\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/integratedreport.ubp.mu\/2025\/wp-json\/wp\/v2\/comments?post=2"}],"version-history":[{"count":681,"href":"https:\/\/integratedreport.ubp.mu\/2025\/wp-json\/wp\/v2\/pages\/2\/revisions"}],"predecessor-version":[{"id":930,"href":"https:\/\/integratedreport.ubp.mu\/2025\/wp-json\/wp\/v2\/pages\/2\/revisions\/930"}],"wp:attachment":[{"href":"https:\/\/integratedreport.ubp.mu\/2025\/wp-json\/wp\/v2\/media?parent=2"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}