Home Afrika Limited, a Listed Real Estate development company based in Nairobi, made a net profit of KSh117.89m in 2025 from KSh 133.47m in 2024, while Revenue declined 34.9% to KSh 508.67m in 2025 from KSh 781.91m, a fall of 34.9% largely driven by timing of income recognition from Migaa PDS leases and HAL Smart Plots.
Home Afrika profitability strengthened with Gross Margin improving by 54.9% while Net Margin rose to 23.2%.
Home Afrika Balance Sheet Needs Repair
On its cash flow and balance sheet, Home Afrika operating profit increased by 29% to KSh 396.33m while total liabilities fell by 21.4% to KSh 4.77 Bn. Accumulated losses declined by 51.7% to KSh 1.14 Bn. No dividends were declared with equity remaining in negative territory at KSh 1.03Bn. Total assets grew 0.1% from KSh 3.7Bn in 2024 to 3.74Bn in 2025.
The firm’s pre-tax profit fell 18.2% from KSh 145.07m in 2024 to KSh 118.73m in 2025.
Financial analysts maintain that while Home Afrika profitability and cash generation are improving, the balance sheet still needs repair. Sustained earnings and potential recapitalization will be key in restoring shareholder value.
Home Afrika was incorporated in 2008 with a vision of providing dignified planned communities across Africa.
Home Afrika was founded on key principles of ‘Homes for All’ and ‘Economic Empowerment’, with a mission of addressing housing needs in Africa. We follow the principles of long-term positive societal impact, creating synergies in our partnerships, integrity, fairness, and discipline.
Home Afrika was founded in 2008 by a group of like-minded professionals and real estate practitioners, initially forming themselves out as an investment group before incorporating themselves into a fully-fledged limited liability company.
The company is today listed on the Nairobi Securities Exchange (NSE), having been reclassified into the Main Investment Market Segment (MIMS) of the Exchange. Projects Currently Being Let
Properties that Home Afrika is currently letting include Morningside Office Park-Located on Ngong Road, Nairobi – an ultra-modern office block comprised of 36 office suites, which is fully sold and occupied.
Also in this list is Mitini Scapes- An 82-unit (apartments and villas) premier housing development located within the luxurious Migaa Golf Estate, a gated community off Kiambu Road in Kiambu County.
Cost discipline and liability reduction are working but the balance sheet still tells the real story. The overall financial position still needs fixing though they are managing costs better and reducing debt.