Olympia Capital Holdings Limited has announced a net profit of KSh 17.6 million for the financial year ended 28 February 2025, reflecting a 50 percent decline from the KSh 35.2 million posted in the previous financial year. The drop in net profit is attributed to a tough operating environment and weaker sales from the group’s regional subsidiaries.
Despite the fall in earnings, the company reported a strong total comprehensive income of KSh 391 million, largely driven by a significant KSh 366 million revaluation gain from investment properties. This gain helped cushion the impact of lower revenues and rising costs, underlining the value of Olympia Capital’s property assets across the region.
Olympia Capital, which has diverse investments in building materials, real estate, and manufacturing across Kenya, Botswana, and South Africa, saw its group revenue decline by 16.3 percent to KSh 457.2 million, compared to KSh 545.9 million in FY2024. This slump in turnover came as subsidiary companies experienced reduced demand, particularly in non-core markets.
The group’s gross profit fell by 9 percent to KSh 156.5 million, while operating profit dropped sharply by 27.5 percent to KSh 45.9 million. Profit before tax also reduced by 24.5 percent to KSh 41.3 million, highlighting the pressure on the company’s operational margins during the year under review.
However, Olympia Capital managed to navigate the challenges through cost-saving measures and improved operational efficiency. Finance costs were reduced, and strategic decisions to streamline business operations helped soften the earnings decline.
Key financial highlights from the company’s audited results show a notable increase in asset base and shareholder equity. Total assets grew by 33.1 percent year-on-year, reaching KSh 1.92 billion in FY2025, up from KSh 1.44 billion in the prior year. The asset growth was mainly driven by a KSh 102 million increase in property, plant, and equipment, KSh 85 million gain in investment property, and a KSh 260 million rise in prepaid operating lease rentals.
Equity attributable to shareholders rose by 29.5 percent to KSh 1.69 billion from KSh 1.31 billion, reflecting improved asset valuation and retained earnings. The company’s revaluation reserve also expanded significantly by 66 percent, reaching KSh 506.6 million.
Cash flow was another bright spot in Olympia’s results, with the cash balance rising by 160.9 percent to KSh 106.7 million, up from KSh 40.9 million in the previous year. This stronger liquidity position indicates improved financial flexibility, even as the group increased its borrowings to KSh 100.6 million, a move linked to expanded investment activity in new and existing projects.
Basic earnings per share (EPS) for the year stood at 0.25, down 49 percent from the previous year’s 0.49, mirroring the decline in profit after tax. Despite the drop, the group remains in a positive net position and is pushing ahead with its long-term strategy to build value through asset growth and prudent financial management.
Management has expressed cautious optimism about the future, citing improved macroeconomic indicators and ongoing infrastructure projects in the region. The company also plans to leverage its real estate holdings and increase its investment in income-generating assets to enhance returns in the coming years.
Olympia Capital’s performance in 2025 reflects the challenges many African businesses continue to face amid economic pressures, currency volatility, and shifting consumer demand. However, the group’s ability to deliver a positive bottom line, grow its asset base, and maintain strong liquidity suggests a level of resilience that could support better results in future reporting periods.
