Sameer Africa has announced the appointment of a new Company Secretary following the resignation of Millicent Ngetich.
In a statement, the Board of Directors of Sameer Africa Plc appointed Sylvia Mwikali as Company Secretary.
Mwikali will assume the position effective April 14, 2026.
The Board of Directors announced changes to the Company Secretary position as required by the Capital Markets Act.
“The Board has appointed Sylviah Mwikali as Company Secretary of the Company and its subsidiaries with effect from 14th April 2026, following the resignation of Millicent Ngetich. On behalf of the Board, we thank Ngetich for her service and wish her well in her future endeavors.”
Also Read: Millicent Ngetich: Most Sought-After Company Secretary Who Has Served Six NSE-Listed Companies
Sylvia Mwika, while acknowledging her appointment, stated: “I am delighted to announce that I will be assuming the role of Company Secretary at Sameer Africa PLC, and I look forward to contributing to the company’s governance and strategic direction.”
Mwikali is a Certified Secretary with experience in corporate governance, regulatory compliance, and board advisory services.
She is also an Accredited Governance Auditor, a Certified Public Accountant, and a member of ICPAK.
The board said the new Company Secretary has handled company secretarial assignments proficiently, demonstrating professionalism, integrity, and diligence.
It added that it is confident that Sameer Africa PLC will benefit significantly from her expertise and commitment.
Also Read: Sameer Africa Completes Multibillion Dollar Exit from Tyre Industry
Sameer Africa Plc H1 2025 Financial Performance
The appointment comes after Sameer Africa Plc reported its financial results for the half year ended 30 June 2025, showing revenue growth and stronger operating profit, but a decline in profit after tax and earnings per share.
Revenue rose by 14.30% to Ksh 220.34 million, compared to Ksh 192.75 million in the same period in 2024.
Other operating income declined by 76.60% to Ksh 1.46 million, while operating expenses fell by 11.20% to Ksh 112.44 million.
Operating profit increased by 51.10% to Ksh 109.36 million, up from Ksh 72.39 million.
Net finance income dropped sharply by 99.50% to Ksh 0.28 million, from Ksh 56.80 million in 2024.
Share of profit from equity investee rose by 67.60% to Ksh 10.29 million, compared to Ksh 6.14 million.
Profit before tax declined by 11.40% to Ksh 119.93 million, while profit after tax fell by 20.30% to Ksh 86.67 million.
Total comprehensive income dropped by 22.30% to Ksh 93.68 million, and earnings per share declined by 20.50% to 0.31.
Total assets increased by 7.60% to Ksh 1.59 billion, while total equity rose by 39.80% to Ksh 829.25 million.
Cash and cash equivalents declined by 13.70% to Ksh 72.69 million.
| Metric | Jun 30, 2025 | Jun 30, 2024 | YoY % |
| Revenue | 220.34 Mn | 192.75 Mn | 14.30% |
| Other operating income | 1.46 Mn | 6.23 Mn | -76.60% |
| Operating expenses | 112.44 Mn | 126.59 Mn | -11.20% |
| Operating profit | 109.36 Mn | 72.39 Mn | 51.10% |
| Net finance income | 0.28 Mn | 56.80 Mn | -99.50% |
| Share of profit – equity investee | 10.29 Mn | 6.14 Mn | 67.60% |
| Profit before tax | 119.93 Mn | 135.32 Mn | -11.40% |
| Profit after tax | 86.67 Mn | 108.84 Mn | -20.30% |
| Total comprehensive income | 93.68 Mn | 120.51 Mn | -22.30% |
| Earnings per share | 0.31 | 0.39 | -20.50% |
| Total assets | 1.59 Bn | 1.47 Bn | 7.60% |
| Total equity | 829.25 Mn | 593.14 Mn | 39.80% |
| Cash & cash equivalents | 72.69 Mn | 84.25 Mn | -13.70% |
