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Originally published by The Kenyan Wall Street
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business
August 29, 2025
1d ago

Standard Group Narrows HY Loss ahead of KSh 1.5Bn Rights Issue

Standard Group Narrows HY Loss ahead of KSh 1.5Bn Rights Issue

Standard Group reported a HY net loss of 133 Mn, revenue down 25%, pursues a KSh 1.5 Bn rights issue to fund recovery and digital growth...

✨ Key Highlights

Standard Group PLC has reported a narrowed net loss of KSh 133 million for the first half of 2025, down from KSh 200 million in the previous year, despite a 25% drop in revenue. The media company is pursuing a KSh 1.5 billion rights issue to recapitalize its business and fund digital expansion.

  • Standard Group PLC's net loss for HY 2025 narrowed to KSh 133 million from KSh 200 million, while revenue dropped 25% to KSh 789 million.
  • Chaacha Mwita was appointed Acting CEO in July 2025, replacing Marion Gathoga-Mwangi, as part of the company's turnaround strategy.
  • The company's operating costs fell by 26% to KSh 879 million, and it plans a KSh 1.5 billion rights issue to restructure debt and fund digital growth.

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