Standard Group PLC

Standard Group PLC is a Kenyan media house listed on the Nairobi Securities Exchange, operating newspaper publishing (The Standard), television (KTN), and radio broadcasting alongside digital media platforms. The company has faced sustained financial distress over FY2019-2023, with revenue declining from over KES 4 billion in FY2019 to under KES 2.4 billion by FY2023 amid structural pressure on print media and intensifying digital competition, while heavy interest expense on borrowings compounded persistent net losses. A large deferred tax charge in FY2023 pushed the group into negative shareholders' equity attributable to owners, with total liabilities materially exceeding total assets, reflecting significant balance sheet strain requiring recapitalization or restructuring support going forward.