Express Kenya Cuts H1 Losses to KSh 42.9Mn, Balance Sheet Pressures Persist
Express Kenya narrowed its H1 losses to KSh 42.9Mn from KSh 54.1Mn in 2024. Revenue fell 6% to KSh 12.8Mn, borrowings rose 9% to KSh 388.2Mn..
✨ Key Highlights
Express Kenya PLC reduced its half-year net loss to KSh 42.9 million in June 2025, an improvement from KSh 54.1 million in 2024, despite a drop in revenue and worsening gross loss. The logistics firm is strategically pivoting to real estate through a KSh 13 billion diversification plan to counter ongoing financial pressures.
- Net loss narrowed by 20.7% to KSh 42.9 million, aided by a KSh 16.7 million tax credit.
- Express Kenya PLC is launching Project Nexus, a KSh 13 billion mixed-use real estate development in Nairobi, to diversify revenue streams.
- Revenue decreased by 6% to KSh 12.8 million, and shareholders’ funds fell by 21% to KSh 369 million, while borrowings increased by 9% to KSh 388 million.
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Kenyan Companies Report Mixed Half-Year Financial Results for Period Ending June 2025 - August 2025
Several Kenyan companies announced financial results for the half-year ending in June 2025. Kenya Re announced a 50% profit growth to KSh 1.58 billion, driven by higher investment income and a 97% reduction in foreign exchange losses. M Oriental Bank reported a 19.2% rise in profit to KSh 93.1 million and will hold an EGM to propose issuing new shares to address capital requirements. Conversely, CIC Insurance Group reported a 10% decline in half-year profit to KSh 638.5 million, which was cushioned by strong investment income. Other firms narrowed their losses, with Express Kenya PLC reducing its net loss to KSh 42.9 million and Flame Tree Group Holdings narrowing its losses to KSh 76 million. Express Kenya is also pivoting to real estate through a KSh 13 billion diversification plan to counter ongoing financial pressures.
