East African Cables Narrows H1 Loss to KSh190M Amid Administration Battles
EA Cables H1 2025 net loss down to 190M from 275M, driven by cost savings and higher operating profit. The firm remains under administration...
✨ Key Highlights
East African Cables Plc (Under Administration) reported a reduced net loss of KSh 190 million for the first half of 2025, down from KSh 275 million in H1 2024. This improvement comes amidst ongoing administration battles and a significant debt recovery effort by Equity Bank.
- Turnover dropped 7.7% to KSh 1.23 billion, but gross profit increased by 2.3% to KSh 379 million due to reduced cost of sales.
- Equity Bank appointed an Administrator in June to recover a KSh 2.2 billion debt, and the Court of Appeal has cleared the bank to sell four company properties.
- The company's shares, along with those of its parent company TransCentury, have been indefinitely suspended from trading at the Nairobi Securities Exchange since June 24th, 2025.
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Kenyan Companies Report Mixed Financial Results for 2025 - September 2025
Several Kenyan companies reported their financial results, showing varied performance. Home Afrika Limited reported a 14.6% profit increase to KSh 192.4 million for the first half of 2025, driven by higher revenues and successful debt restructuring. In contrast, Nairobi Business Ventures PLC (NBV) saw its profit after tax for the year ended March 31, 2025, fall by 11% to KSh 32.2 million due to a collapse in its trading arm. Limuru Tea PLC's net loss for the first half of 2025 widened significantly to KShs 22.2 million, up from a KShs 6.8 million loss in the same period last year, which was attributed to rising labour costs. Meanwhile, East African Cables Plc, which is under administration, narrowed its net loss for the first half of 2025 to KSh 190 million from KSh 275 million in H1 2024.
