Umeme Limited has issued a profit warning after reporting a significant net loss of USh 166.7Bn (KSh 6.1Bn) for the half year ended June 30, 2025. This follows the expiry of its 20-year electricity distribution concession in March, leading to a sharp decline in financial performance.

• Revenue plunged by 56% to USh 503.5Bn, down from USh 1,151.8Bn in H1 2024.
• Umeme received USh 433.8Bn (KSh 16.0Bn) from the Government of Uganda as part of a buy-out amount, boosting its cash reserves despite the losses.
• The company has declared a formal dispute with the Government of Uganda over the final buy-out amount and is preparing for arbitration after talks failed.