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Olympia Capital Issues Profit Drop Alert

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Olympia Capital Holdings issues profit warning
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Olympia Capital Holdings Limited, formerly known as Dunlop Kenya and composed of six firms operating in Kenya, Botswana and South Africa, has notified its shareholders, investors and the general public that the Group’s earnings for the financial year ended 28 February 2026 are expected to be significantly lower than those reported for the financial year ended 29 February 2025.

In a statement, the Olympia Capital Board said that based on the financial performance for the year ended 28th February 2026, profit attributable to shareholders of the Company declined than the previous financial year representing a decrease of more than 25%.

Olympia Capital attributes this reduction in profitability a decline in Group revenue; increased operating costs across the Group; and higher finance costs during the year.

Despite these challenges, the Olympia Capital Group remained profitable and recorded a positive profit after tax for the year ended 28 February 2026.

The listed firm advises its shareholders and investors to exercise caution when dealing in the Company’s securities until the full audited financial statements for the year ended 28th February 2026 have been published.

This profit warning has been issues in accordance with the Capital Markets (Public Offers, Listings and Disclosures) Regulations and the Nairobi Securities Exchange(NSE) Listing Requirements.

Olympia Capital joins a long list of listed firms that have issued profit alerts, most of these firms reporting a profit drop for the financial year ended 31st December 2025. They include WPP ScanGroup; TPS Eastern Africa Plc(Serena); Flame Tree Group Holdings; Nairobi Business Ventures Plc; Standard Chartered Bank Kenya; Limuru Tea Plc; CIC Insurance Group and Kenya Airways.

Olympia Capital Investment Portfolio

Olympia Capital Holdings is a multi-sector investment company established in 1968 and listed at the NSE in 1976. It has a diverse investment portfolio including premium hospitality ventures such as Heri Limited, Kenya Safari Lodges and Hotels, Manufacturing investments such as Kalahari Floor Tiles Pty, Kalahari Aluminium, Botfic Chemicals, Dunlex Adhesives Limited; Real Estate- Avon Business Park; and Marketable Securities investments.

 

Written by
JACKSON OKOTH

Jackson Okoth writes for Business Today. He specializes in capital and money markets, energy sector, manufacturing, real estate, co-operatives sector, technology and agriculture. He can be reached on email at editor [at] businesstoday.co.ke

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