ApexHub Insights
Earnings breakdowns, dividend analysis and valuation work on Kenyan listed companies, written against published accounts and the same tools that run on this site.
Umeme Limited reported revenue of just Ushs4 million for the six months to 30 June 2026, a year after its 20-year Uganda electricity distribution concession expired, posting a Ushs21,870 million loss and deepening negative equity of Ushs380,280 million while it pursues a $174 million buyout dispute with the Ugandan government through London arbitration.
Kenya's Trust Administration Act, 2026 takes effect September 25 and makes registration or incorporation a precondition for a written trust to be enforceable at all, while adding a beneficial ownership register, a licensed trust agent role, and a residency requirement for trustees. Existing trusts get 24 months to comply.
Quick Mart PLC announced plans to list on the NSE's Main Investment Market Segment through a straight offer for sale of 2 billion existing shares by parent Sokoni Retail Kenya, with no new capital raised and an offer expected to open around September 30, 2026.
The Central Bank of Kenya's Bank Supervision Annual Report 2025 shows sector profit before tax up 17.7 percent to Ksh 306.3 billion on cost cuts, even as total income fell 2.0 percent, the gross non-performing loan ratio eased to 16.0 percent, and banks flagged for non-compliance nearly tripled to 35.
ApexHub Insights ran 13 walk-forward configurations on a 50-stock, technology-heavy portfolio to test how training window length and rebalance frequency affect returns. The clearest finding, annual rebalancing produced the study's best result and its two worst, while quarterly and semi-annual rebalancing were the only frequencies that never landed at either extreme.
Kenya Power's operating costs jumped 26.71 percent to Sh53.75 billion in FY2026, more than three times the pace of revenue growth, even as profit after tax rose 2.13 percent to Sh24.99 billion and the dividend rose 50 percent to Sh1.50.
The Nairobi Securities Exchange has granted conditional approval to the WSA Banking ETF, clearing a major milestone toward Kenya's first locally domiciled exchange traded fund. The approval lands as banking stocks lead an NSE rally, up 46.73 percent year to date, backed by KSh 160 billion in first-half bank profits.
A review of KenGen's FY2026 audited results, released September 4. Revenue rose 6.4 percent to Sh59.7 billion and profit after tax held close to flat at Sh10.4 billion, but the board cut the dividend to Sh0.75 a share from Sh0.90 as capital spending and debt repayment took priority over payout.
A post-auction review of IFB1/2019/016, IFB1/2021/018 and IFB1/2021/021. On the published numbers, our yield scenario was 108 to 140 basis points above the market average. After adjusting the taxable comparables for the bonds' withholding-tax exemption, the gap narrows to just 3 to 39 basis points.
IFB1/2019/016, IFB1/2021/018 and IFB1/2021/021 return to auction on August 12, 2026 with coupons of 11.75%-12.74%. But the most recent comparable CBK auction, the reopened 20- and 25-year bonds, cleared 25-105 basis points above coupon despite heavy oversubscription. We size the pricing gap, map the laddering cash flows created by each bond's mid-life amortization, and lay out a bidding range grounded in that precedent.
Four weeks after ApexHub Insights found Family Bank's KES 18.00 introduction price undervalued against a two-stage DDM, peer multiples, and management's own blended estimate, we revisit that call against actual trading data through July 20, 2026. The stock has not just closed the gap, it has traded through our conservative estimate and the peer-multiple ceiling, a trajectory we set against our prior coverage of the KPC and SKL listings.
This article assesses Family Bank Limited's NSE listing by introduction through a disciplined, multi-method valuation framework. By cross-checking a two-stage Dividend Discount Model against peer relative multiples and the Group's own disclosed methodology, the analysis finds the KES 18.00 introduction price sits below fair value across every measure applied, with upside supported by margin expansion, a strengthened capital base, and a dividend record that has consistently exceeded policy.
SKL posted a 13.5% revenue increase in FY2025 and called it a strong year. Net profit fell 59%. The Kisaju plant is 12 months late. We dissect every management claim against the financial statements, and nothing survives intact.
Using the ApexHub Insights Event Study Tool, we analyse cumulative abnormal returns across all NSE-listed stocks around the 2017 and 2022 general elections. The findings reveal a consistent positive market response, a replicable defensive rotation pattern, and Kenya Power as the exchange's most reliable political barometer, with direct implications for how investors should position ahead of 2027.
BOC Kenya posts a 48% surge in profit and raises dividend to KSh 12.85 per share. We analyse revenue growth, profitability drivers, and what this means for investors.
Co-operative Bank posts strong earnings growth and raises dividend to KSh 2.50 per share. We analyse performance drivers, forecast deviations, and what lies ahead for investors.
Equity Group Holdings posts a 55% jump in profit and raises dividend to KSh 5.75 per share. We analyse earnings drivers, dividend outlook, and what it means for investors.
Kenya Pipeline Company began trading on the Nairobi Securities Exchange at KSh 9.18 per share, briefly reaching KSh 9.50 during the day. Limited trading volume relative to its massive share base highlights a tightly held ownership structure that may shape liquidity and price behaviour going forward.
Absa Bank Kenya increased its dividend by 17% after reporting KSh 22.9 billion in profit. Despite revenue pressure, strong cost control, lower impairments, and diversified income supported earnings growth.
EABL’s latest earnings reveal a 38% jump in profit as margins expand and cash flows strengthen. We critically analyse the real drivers, hidden risks, and what investors should expect next.
Moody’s upgrade of Kenya’s sovereign credit rating to B3 signals reduced default risk, improved investor confidence, and potential valuation upside for Kenyan companies, even as fiscal and debt challenges persist.
NCBA Group PLC announces a strategic investment proposal from Nedbank Group Limited to acquire a controlling 66% stake, valuing NCBA at 1.4x book value and positioning Kenya as the anchor for Nedbank’s East African expansion.
This article assesses the Kenya Pipeline Company IPO through a disciplined, cash-flow–driven valuation framework. By contrasting a normalised operating case with management-provided forecasts, the analysis highlights the sensitivity of value to capital expenditure assumptions and concludes that the IPO embeds a valuation premium, with investor returns likely driven by dividends and cash-flow resilience rather than upside re-rating.
Learn how Modern Portfolio Optimization using the Sharpe Ratio helps investors balance return and risk to build an efficient, data-driven investment portfolio.
Learn how to estimate your retirement readiness, project your savings, and assess success probabilities under market volatility using the ApexHub Insights Retirement Planner.
Learn how to calculate your monthly take-home pay using the ApexHub Insights Personal Income Tax Calculator, updated with Kenya’s latest tax laws.
Compare debt repayment strategies and visualize your journey to financial freedom using the ApexHub Insights Debt Payoff Calculator.
Learn how to calculate loan repayments, total interest, and amortization schedules using the ApexHub Insights Loan Repayment Calculator.
Practical ways investors and analysts can use compound interest calculations to model stock, bond, and fund returns for better financial planning.
An analysis of KPLC's FY2025 results reveals that the decline in net profit was driven by a non-recurring forex reversal, while operational efficiency and balance sheet health saw significant improvement.
Umeme Limited informs shareholders of a profit warning for the year ended 2024 and the first half of 2025, due to the natural end of its concession, as disclosed in a public announcement.
Sanlam Kenya Plc posted a steep 89% drop in net profit to KSh 30.96 million in the first half of 2025, as surging finance expenses from insurance contracts offset robust growth in investment income. Despite improved equity levels, profitability ratios weakened sharply and no dividend was declared.
Standard Chartered Bank Kenya has announced a 21.35% drop in net profit to KSh 8.09 billion for the first half of 2025, driven by weaker income streams and rising efficiency pressures. Despite the decline, the lender declared an interim dividend of KSh 8 per share, maintaining shareholder returns.
Diamond Trust Bank (DTB) recorded a 13.07% rise in core profit before tax to KSh 7.17 billion in the first half of 2025, supported by stronger net interest income and lower credit loss provisions. However, non-interest income declined, cost pressures remained, and the bank did not declare an interim dividend.
Stanbic Holdings Plc has released its unaudited H1 2025 financial results, showing a 9.28% decrease in net profit to KSh 6.54 billion. The report highlights a decline in total income by 3.29% and an increase in expenses by 15.49%, while also noting a significant 106.52% increase in dividend per share
I&M Group has reported a 36.35% jump in net profit to KSh 8.31 billion in the first half of 2025, supported by strong income growth and improved efficiency. The results highlight solid balance sheet expansion, better cost management, and enhanced returns, positioning the Group strongly for investors.
East African Breweries PLC's robust financial results for FY25, including double-digit profit growth and strategic debt reduction, underpin a generous 14.3% increase in total dividends, signaling strong investor confidence.
BAT Kenya plc announces robust half-year results for 2025, marked by significant profit growth and a declared interim dividend, signaling positive prospects for investors amidst a dynamic market.
With a listing by introduction on the NSE, SKL positions itself as a manufacturing growth story in Kenya's industrial transformation. But does the valuation justify the ambition?
The Nairobi Securities Exchange PLC (NSE) is set to usher in a transformative era for equity trading with significant amendments to its trading rules, effective August 1, 2025.
Ugandan power distributor Umeme Ltd. will pay an interim dividend for FY2025 despite a substantial USh510.57 billion loss and negative basic EPS of USh(314.4) in the previous fiscal year.
Delve into the crucial distinction between dividends announced and dividends paid as reported on annual financial statements. Understand the role of accrual accounting and how this affects your investment analysis, with examples and insights from ApexHub.
Everything you need to know about dividends, why companies pay them, and how to track them to grow your investment portfolio.
A quick introduction to our new blog section and what to expect.
Earnings, dividends and valuation work on NSE listings, sent as it is published.
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