Kenya: Nbv Flags Profit Drop On Weak Market Conditions

Nairobi — Nairobi Business Ventures, which has business interests in aviation, heavy vehicle maintainace, retail and manufacturing, has issued a profit warning for the financial year ending March 2026, citing difficult market conditions across its business segments.

The company said its full-year earnings are expected to decline by at least 25 percent compared to the year ended March 2025.

"The Company's total earnings will be at least 25% lower than those recorded in the year ended 31 March 2025," the board said in a statement, attributing the drop to a challenging operating environment.

The warning adds to existing pressure on the firm's financial performance.

In the year to March 2025, NBV reported a net profit of Sh32.2 million, an 11.1 percent decline, as revenue fell by 37.3 percent to Sh508 million.

The sharp drop in revenue highlights persistent headwinds, including subdued demand and broader macroeconomic constraints affecting business activity in Kenya.

Despite the outlook, the company said it is implementing measures to stabilise performance, including improving operational efficiency and adjusting its strategy to protect shareholder value.

NBV added it will continue to recalibrate its operations to remain competitive amid the tough business environment.

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