Centum half-year profit rises 6.1pc to Sh472mn as debt costs drop

Centum half-year profit rises 6.1pc to Sh472mn as debt costs drop

 

NAIROBI, Kenya, Nov 28 – Centum Investment Company has posted a 6.1 percent rise in after-tax profit to Sh472 million for the half-year ended September 30, 2025, supported by debt repayments that cut finance costs by 66 percent.

The NSE-listed investment firm generated Sh703 million in free cash flow during the period, part of which was used to reduce borrowings from Sh690 million in March to Sh605 million in September. Subsequent repayments have lowered total debt further to Sh440 million.

The reduced liabilities strengthened Centum’s balance sheet, with Net Asset Value per share rising 3 percent to Sh68.75 from Sh66.93 in March.

Centum said the improved performance was driven by gains in its trading and real estate businesses, alongside a higher tax credit.

Total assets dipped slightly by 1 percent to Sh49.9 billion following repayment of shareholder loans, while total liabilities fell 20 percent on account of reduced debt and other obligations.

The company’s share buyback programme, launched in October 2024, had repurchased 150,800 shares by June 2025 at Sh9.51 each, representing 0.23 percent of the target. Management noted that the share price has since traded above the buyback threshold.

Centum said its focus for the remainder of FY2026 will be on cash generation, boosting profitability across portfolio companies, monetising select investments, and further reducing debt.