Home Afrika Builds on 2024 Turnaround With 15% H1 Profit Rise
Home Afrika posted 192.4M profit before tax in H1'25, up 15% from last year, driven by 16% revenue growth, lower finance costs, and Migaa Golf Estate income...
✨ Key Highlights
Home Afrika Limited reported a 14.6% profit increase to KSh 192.4 million for the first half of 2025, building on its turnaround in 2024. This growth was driven by higher revenues, reduced operating costs, and successful debt restructuring.
- Profit after tax rose to KSh 192.4 million in H1 2025, from KSh 167.8 million in H1 2024.
- Home Afrika Limited, a listed real estate developer, was the organization involved.
- Revenue increased by 16.2% to KSh 359.4 million, significantly boosted by the completion and utilization of the Migaa Golf Course.
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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.
