Olympia Capital Holdings Ltd has reported a net profit of KSh 17.6 million for the financial year ended 28 February 2025, down 50% from KSh 35.2 million the year before.
Despite the drop in bottom-line profit, the group recorded a total comprehensive income of KSh 391 million, driven primarily by a KSh 366 million revaluation gain on investment properties.
Revenue declined by 16.3% to KSh 457.2 million, compared to KSh 545.9 million in the previous year, as regional subsidiaries experienced softer sales.
However, reduced finance costs and operational streamlining helped cushion the earnings decline.
Gross profit fell 9% to KSh 156.5 million, while operating profit dropped 27.5% to KSh 45.9 million.
Metric FY 2025 FY 2024 YoY %
Revenue 457.18 Mn 545.89 Mn ▼ -16.3%
Gross Profit 156.49 Mn 171.94 Mn ▼ -9.0%
Operating Profit 45.85 Mn 63.24 Mn ▼ -27.5%
Profit Before Tax 41.31 Mn 54.71 Mn ▼ -24.5%
Net Profit (After Tax) 17.61 Mn 35.21 Mn ▼ -50.0%
Total Assets 1.92 Bn 1.44 Bn ▲ +33.1%
Total Equity 1.69 Bn 1.31 Bn ▲ +29.5%
Cash Balance 106.70 Mn 40.90 Mn ▲ +160.9%
Revaluation Reserve 506.58 Mn 305.23 Mn ▲ +66.0%
Basic EPS 0.25 0.49 ▼ -49.0%
Total assets surged 33% year-on-year to KSh 1.92 billion, up from KSh 1.44 billion in FY2024. The growth was largely attributed to increases in property, plant and equipment (+KSh 102M), investment property (+KSh 85M), and prepaid operating lease rentals (+KSh 260M). Equity attributable to shareholders rose to KSh 1.69 billion.
The group closed the year with a stronger cash position of KSh 106.7 million, compared to KSh 40.9 million a year earlier. Borrowings increased significantly to KSh 100.6 million, reflecting enhanced investment activity.
