The Nation Media Group (NMG) has announced its unaudited financial results for the first half of 2025 (for the six months to June 30, 2025).
The company reported a loss of Ksh 41.7 million after tax. Despite this loss, the performance is a significant improvement from the Ksh 152.2 million loss recorded during the same period in 2024.
Nation Media Group’s turnover for the period decreased by 5.7% to Ksh 3 billion. Total assets also saw a slight decline, dropping by 1.5% to Ksh 7.4 billion.
Earnings per share (EPS) improved from a loss of Ksh1.5 in the previous year to a loss of Ksh0.3 in the current period, reflecting the company’s efforts to manage operational costs and boost financial performance.
NMG Announces Its Unaudited Group Financial Results
The directors, in their statement, attributed the group’s performance to continuous product innovation and organizational transformation.
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They noted an improvement in operating performance, resulting in a 49% reduction in operating loss, from Kshs 95.8 million in the first half of 2024 to Kshs 48.7 million in the current period.
“The Group’s sustained focus on product innovation, organizational transformation, and process efficiency continued to drive improvements in operating performance, resulting in a 85.9% reduction in the Group’s operating loss before income tax for the six months ending 30th June 2025, to Kshs 48.7 million from a loss of Kshs 345.8 million incurred over the same period last year,” said the Directors.
Company Attributes Performance Improvement to Product Innovation
NMG’s strategic focus on digital growth is a key part of its recovery strategy. The company highlighted that its digital business grew by 7.0% compared to the same period last year. The group also reported a 9.2% reduction in operating and administrative expenses due to ongoing cost-containment initiatives and the incremental digitization of its business processes.
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The board stated that the company is committed to enhancing shareholder value and has confirmed that an interim dividend will not be paid, citing the prevailing economic environment and ongoing investment plans.
“Considering the prevailing economic environment and the Group’s investment plan, the Board of Directors does not recommend payment of an interim dividend for the year 2025,” said the Board of Directors.
Nation Media Group (NMG) is the largest independent media house in East and Central Africa, headquartered in Nairobi, Kenya. Founded in 1959 by Aga Khan IV, the company operates across multiple platforms, including print, television, radio, and digital media.
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