Flame Tree Group Narrows H1 Losses to KSh 76Mn, Grows East Africa Revenues
Flame Tree Group H1 revenue dipped 1.1% to KES 2.07B. Net loss narrowed to KES 76M. Management highlights 2% growth in East Africa segments...
✨ Key Highlights
Flame Tree Group Holdings significantly narrowed its half-year losses to KSh 76 million in H1 2024, an improvement from KSh 90.6 million previously, driven by revenue growth in East Africa and cost efficiencies. The company’s revenue increased by 2% year-on-year to KSh 1.84 billion, while finance costs decreased by 13% due to reduced net debt.
- Net loss reduced to KSh 76 million from KSh 90.6 million in H1 2024.
- Revenue grew to KSh 1.84 billion, up 2%, supported by growth in East Africa.
- Finance costs decreased by 13% to KSh 157 million, aided by an KSh 88 million reduction in net debt.
- Water, Sanitation & Packaging (WSP) segment saw expansion in Kenya and strong growth in Rwanda.
- FMCG (Cosmetics & Snacks) revenue in Kenya rose 16%, and Rwanda gained 30%.
- CEO Heril Bangera highlighted resilience and strategic focus on debt reduction and growth for H2.
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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.
