Shri Krishana Issues Profit Warning as Borrowing Costs Surge, H1 Net Profit Falls 70%.
Shri Krishana Overseas warns of over 25% drop in full-year profits as borrowing costs surge. H1 2025 profits slid with revenue at KSh 158.7m and net profit down 70%. The newest NSE entrant faces near-term pressure despite expansion plans...
✨ Key Highlights
Newly listed on the Nairobi Securities Exchange, Shri Krishana Overseas PLC has issued a profit warning after its half-year net profit for H1 2025 plummeted by 70.4% due to surging borrowing costs associated with its expansion plans.
- Net profit for H1 2025 fell to KSh 2.0 million from KSh 6.85 million in the prior year.
- The packaging solutions firm attributed the decline to a 53.5% surge in finance costs to KSh 15.9 million, driven by increased long-term borrowings for its new Kisaju, Kajiado County facility.
- The board warned that full-year profits will decline by more than 25%, as per regulatory requirements.
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Shri Krishana Issues Profit Warning While Unga Group and Enwealth Report Growth - September 2025
Packaging material manufacturer Shri Krishana Overseas Limited (SKL) has issued a profit warning, anticipating a drop of more than 25 percent in its 2025 full-year earnings. The company, newly listed on the Nairobi Securities Exchange, saw its half-year net profit for H1 2025 plummet by 70.4% due to surging borrowing costs associated with its Kisaju expansion project. In contrast, Unga Group Plc has returned to profitability, reporting a KSh 222.1 million net profit for the year ended June 30, 2025, after two consecutive years of losses, driven by stronger sales and reduced finance costs. Additionally, the Enwealth Umbrella Pension Fund reported strong performance, increasing its assets under management by 49 percent to Sh1.056 billion in 2024.
