NBV flags profit drop on weak market conditions
The company said its full-year earnings are expected to decline by at least 25 percent compared to the year ended March 2025. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Nairobi Business Ventures (NBV), a diversified company with interests in aviation, heavy vehicle maintenance, retail, and manufacturing, has issued a profit warning for the financial year ending March 2026, anticipating a significant decline in earnings due to challenging market conditions.
- Profit is expected to drop by at least 25 percent compared to the year ended March 2025.
- The company's board cited a difficult operating environment impacting all business segments.
- This warning follows a 11.1 percent net profit decline in the year to March 2025, when revenue fell by 37.3 percent to Sh508 million.
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Kenya Private Sector Activity Shrinks for First Time Since August 2025 - April 2026
Kenya's private sector activity contracted in March for the first time since August 2025, with the Purchasing Managers' Index falling to 47.7 from 50.4 in February. The contraction snapped a six-month growth streak, driven by weak consumer demand and global disruptions exacerbated by the Middle East war. Separately, Nairobi Business Ventures, a diversified company with interests in aviation, heavy vehicle maintenance, retail, and manufacturing, issued a profit warning for the financial year ending March 2026, anticipating a significant decline in earnings due to challenging market conditions. These developments highlight the broader economic pressure on Kenya's private sector, with multiple businesses reporting difficulties stemming from weak market conditions.
