{"id":12,"date":"2025-12-29T07:33:22","date_gmt":"2025-12-29T07:33:22","guid":{"rendered":"https:\/\/lavastone.mu\/annual-report-2025\/?page_id=12"},"modified":"2026-01-12T07:25:52","modified_gmt":"2026-01-12T07:25:52","slug":"home","status":"publish","type":"page","link":"https:\/\/lavastone.mu\/annual-report-2025\/","title":{"rendered":"Home"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"12\" class=\"elementor elementor-12\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-47c4c47 e-con-full elementor-hidden-mobile e-flex e-con e-parent\" data-id=\"47c4c47\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-dda0f08 e-con-full e-flex e-con e-child\" data-id=\"dda0f08\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-258a9ec elementor-widget elementor-widget-heading\" data-id=\"258a9ec\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">STRONG<br>\nFOUNDATIONS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2b6515 elementor-widget elementor-widget-heading\" data-id=\"b2b6515\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">TODAY EMPOWER GROWTH<br>\nFOR TOMORROW<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ec9a90 elementor-widget elementor-widget-heading\" data-id=\"3ec9a90\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ANNUAL REPORT 2025<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f3451ad e-con-full e-flex e-con e-child\" data-id=\"f3451ad\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-591d24d e-con-full elementor-hidden-desktop elementor-hidden-tablet e-flex e-con e-parent\" data-id=\"591d24d\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-cfe1e70 e-con-full e-flex e-con e-child\" data-id=\"cfe1e70\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-484003b elementor-widget elementor-widget-heading\" data-id=\"484003b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">STRONG<br>\nFOUNDATIONS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-261a8f4 elementor-widget elementor-widget-heading\" data-id=\"261a8f4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">TODAY EMPOWER GROWTH<br>\nFOR TOMORROW<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a2787f9 elementor-widget elementor-widget-heading\" data-id=\"a2787f9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ANNUAL REPORT 2025<\/h2>\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-3cb3ee0 e-flex e-con-boxed e-con e-parent\" data-id=\"3cb3ee0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1c233dd e-con-full e-flex e-con e-child\" data-id=\"1c233dd\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-13514b6 elementor-widget elementor-widget-heading\" data-id=\"13514b6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">WHERE STRENGTH MEETS PURPOSE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20cb210 elementor-widget elementor-widget-text-editor\" data-id=\"20cb210\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Progress isn\u2019t accidental; it is architectural.<\/p><p>This year, the triangle guides our narrative: a broad, unshakable base rising to a clear peak. It reflects our philosophy that stability supports ambition. This shape mirrors Lavastone\u2019s logo, a reminder that every development is intentional, every line crafted to endure.<\/p><p>Our focus has been on strengthening that base. Because foundations do more than hold weight; they decide the height, the form, and the future of what can rise. When the ground is sure, ideas find space, opportunities take root, and growth becomes possible. At Lavastone, we build with patience, knowing that what is grounded today will stand tall tomorrow and carry meaning for generations to come.<\/p>\t\t\t\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<div class=\"elementor-element elementor-element-2512591 e-con-full e-flex e-con e-parent\" data-id=\"2512591\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-c95c095 e-flex e-con-boxed e-con e-child\" data-id=\"c95c095\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c9498be elementor-widget elementor-widget-heading\" data-id=\"c9498be\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Reporting scope and boundary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f65e5a5 elementor-widget elementor-widget-text-editor\" data-id=\"f65e5a5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This integrated report covers the activities and performance of Lavastone Ltd (\u201cLavastone\u201d or the \u201cCompany\u201d) for the period 01 October 2024 to 30 September 2025. The reporting boundary includes Lavastone, its subsidiaries and associates, collectively referred to as \u201cLavastone Properties\u201d or the \u201cGroup\u201d.\u00a0<\/p><p>This report communicates both financial and non-financial information relating to Lavastone\u2019s strategy, business model, operational performance, materials risks and opportunities, and governance practices. It aims to offer Lavastone\u2019s stakeholders with comprehensive, relevant information on how the Group creates value over the short, medium and long term, supporting more informed decision-making.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b85becf elementor-widget elementor-widget-heading\" data-id=\"b85becf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frameworks and guidelines<\/h2>\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-67c5b4f e-con-full e-flex e-con e-child\" data-id=\"67c5b4f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7080d78 elementor-widget elementor-widget-image\" data-id=\"7080d78\" data-element_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=\"34\" height=\"33\" src=\"https:\/\/lavastone.mu\/annual-report-2025\/wp-content\/uploads\/2025\/12\/icon-1.webp\" class=\"attachment-full size-full wp-image-42\" 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-9a4a479 elementor-widget-mobile__width-initial elementor-widget elementor-widget-heading\" data-id=\"9a4a479\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The International Financial Reporting Standards (\u201cIFRS\u201d)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-26ca60d e-con-full e-flex e-con e-child\" data-id=\"26ca60d\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-363f752 elementor-widget__width-initial elementor-widget-tablet__width-initial elementor-widget elementor-widget-image\" data-id=\"363f752\" data-element_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=\"34\" height=\"35\" src=\"https:\/\/lavastone.mu\/annual-report-2025\/wp-content\/uploads\/2025\/12\/icon-2.webp\" class=\"attachment-full size-full wp-image-44\" 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-1c4e081 elementor-widget-mobile__width-initial elementor-widget elementor-widget-heading\" data-id=\"1c4e081\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The principles and guidelines contained within the Integrated Reporting Framework provided by the International Integrated Reporting Council (\u201cIIRC\u201d)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3714b11 e-con-full e-flex e-con e-child\" data-id=\"3714b11\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-96f2a6c elementor-widget__width-initial elementor-widget-tablet__width-initial elementor-widget elementor-widget-image\" data-id=\"96f2a6c\" data-element_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=\"32\" height=\"29\" src=\"https:\/\/lavastone.mu\/annual-report-2025\/wp-content\/uploads\/2025\/12\/icon3.webp\" class=\"attachment-full size-full wp-image-45\" 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-85f16c4 elementor-widget-mobile__width-initial elementor-widget elementor-widget-heading\" data-id=\"85f16c4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The National Code on Corporate Governance 2016 (\u201cthe Code\u201d)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e2c8e1e e-con-full e-flex e-con e-child\" data-id=\"e2c8e1e\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6e99d7e elementor-widget__width-initial elementor-widget-tablet__width-initial elementor-widget elementor-widget-image\" data-id=\"6e99d7e\" data-element_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=\"30\" height=\"28\" src=\"https:\/\/lavastone.mu\/annual-report-2025\/wp-content\/uploads\/2025\/12\/icon4.webp\" class=\"attachment-full size-full wp-image-46\" 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-22a4335 elementor-widget elementor-widget-heading\" data-id=\"22a4335\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The DEM Rules<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-905e199 e-con-full e-flex e-con e-child\" data-id=\"905e199\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e48a99e elementor-widget__width-initial elementor-widget-tablet__width-initial elementor-widget elementor-widget-image\" data-id=\"e48a99e\" data-element_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=\"31\" height=\"25\" src=\"https:\/\/lavastone.mu\/annual-report-2025\/wp-content\/uploads\/2025\/12\/icon5.webp\" class=\"attachment-full size-full wp-image-47\" 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-622bcc2 elementor-widget elementor-widget-heading\" data-id=\"622bcc2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Companies Act 2001<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-76f5841 e-con-full e-flex e-con e-child\" data-id=\"76f5841\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e2e2a28 elementor-widget__width-initial elementor-widget-tablet__width-initial elementor-widget elementor-widget-image\" data-id=\"e2e2a28\" data-element_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=\"31\" height=\"33\" src=\"https:\/\/lavastone.mu\/annual-report-2025\/wp-content\/uploads\/2025\/12\/icon6.webp\" class=\"attachment-full size-full wp-image-48\" 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-2f92a77 elementor-widget elementor-widget-heading\" data-id=\"2f92a77\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Securities Act 2005<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d01eef7 elementor-widget elementor-widget-heading\" data-id=\"d01eef7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Our approach to materiality<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59bdb53 elementor-widget elementor-widget-text-editor\" data-id=\"59bdb53\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This report covers information and matters we believe to be material to our stakeholders, including shareholders, fund providers, regulators, customers, employees and community members. A matter is considered material if Lavastone Properties\u2019 senior management and those responsible for the governance of the organisation believe it could significantly impact the value created and delivered in the short, medium and long term.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db3b281 elementor-widget elementor-widget-heading\" data-id=\"db3b281\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Board\u2019s responsibility statement<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba0f782 elementor-widget elementor-widget-text-editor\" data-id=\"ba0f782\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Board of Directors of Lavastone Properties acknowledges its responsibility for ensuring the integrity of this report. The Board confirms that it has collectively reviewed the report\u2019s contents and is satisfied that it offers a fair representation of the Group\u2019s integrated performance.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cc9ed4 elementor-widget elementor-widget-heading\" data-id=\"8cc9ed4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Feedback<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f1dde60 elementor-widget elementor-widget-text-editor\" data-id=\"f1dde60\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The digital version of this integrated report is available on our website: <a href=\"https:\/\/lavastone.mu\/annual-report-2025\">https:\/\/lavastone.mu\/annual-report-2025<\/a> Your feedback is important to us and will contribute to improving the quality and relevance of our future reports. We invite you to share your views and comments with us by emailing us on <a href=\"mailto:info@lavastone.mu\">info@lavastone.mu<\/a>.<\/p>\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<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>STRONG FOUNDATIONS TODAY EMPOWER GROWTH FOR TOMORROW ANNUAL REPORT 2025 STRONG FOUNDATIONS TODAY EMPOWER GROWTH FOR TOMORROW ANNUAL REPORT 2025 WHERE STRENGTH MEETS PURPOSE Progress isn\u2019t accidental; it is architectural. This year, the triangle guides our narrative: a broad, unshakable base rising to a clear peak. It reflects our philosophy that stability supports ambition. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-12","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/lavastone.mu\/annual-report-2025\/wp-json\/wp\/v2\/pages\/12","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lavastone.mu\/annual-report-2025\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lavastone.mu\/annual-report-2025\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lavastone.mu\/annual-report-2025\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lavastone.mu\/annual-report-2025\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":109,"href":"https:\/\/lavastone.mu\/annual-report-2025\/wp-json\/wp\/v2\/pages\/12\/revisions"}],"predecessor-version":[{"id":2124,"href":"https:\/\/lavastone.mu\/annual-report-2025\/wp-json\/wp\/v2\/pages\/12\/revisions\/2124"}],"wp:attachment":[{"href":"https:\/\/lavastone.mu\/annual-report-2025\/wp-json\/wp\/v2\/media?parent=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}