EMPOWERING NANANU WOMEN THROUGH TLTB SUPPORT
April 15, 2026
The iTaukei Land Trust Board (TLTB) has reported a strong financial performance for the year ended 31 December 2025, reflecting improved income growth, stronger liquidity, significant arrears reduction, and progress in new commercial initiatives.
Total income for 2025 increased by 8 per cent compared to the previous year, while the operating surplus rose by 17 per cent, exceeding budget expectations by 13 per cent. Expenditure remained tightly controlled, finishing 16 per cent below budget, and net assets increased by 22 per cent, strengthening TLTB’s overall financial position.
Liquidity and financial stability also improved during the year, with the current ratio increasing from 4.74 to 5.29 and gearing remaining low at a debt-to-assets ratio of 0.12. Operational efficiency strengthened, with the profit margin increasing to 30 per cent, the expenditure-to-income ratio reducing to 70 per cent, and the employment cost ratio declining to 40 per cent.
Minister for iTaukei Affairs and Chairman of the iTaukei Land Trust Board, Honourable Ifereimi Vasu, said the results demonstrate strong financial stewardship and disciplined management.
“These results reflect prudent financial management and a sustained focus on efficiency, accountability, and governance. Despite pressures in some income streams, TLTB delivered higher income growth, a stronger surplus, and improved liquidity, while continuing to protect and grow the interests of iTaukei landowners,” Hon. Vasu said.
Significant progress was also made in lease arrears recovery, with arrears reduced by 61 per cent during 2025. The improvement was driven by strengthened enforcement, targeted legal action, improved tenant engagement, and enhanced data management systems.
“Reducing arrears strengthens both trust income flows and confidence in the system. This outcome reflects more effective compliance measures and a fair but firm approach to lease management,” the Minister said.
TLTB also advanced key new business initiatives as part of its long-term strategy. This included decentralising services through new service points in Dada (Namosi), Vunidawa (Naitasiri), and Levuka (Ovalau) to improve community-level accessibility.
The Board also formalised its commercial operations by establishing Qelemaroroi Holding Pte Limited, supported by specialised subsidiaries focused on property development, joint-venture management, and investment and financial structuring. Expansion of TLTB’s commercial property portfolio continued during the year, with investments in Lautoka (Taukei Plaza Dua) and Nadi (Taukei Plaza Rua) and a third acquisition in Labasa nearing completion.
“These initiatives position TLTB to move beyond traditional lease administration and toward long-term value creation through commercial development, partnerships, and investment, while ensuring landowners are better placed to benefit from these opportunities,” Hon. Vasu added.