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Filter the 691 listed companies with published financial statements on this site by criteria calculated from their audited annual reports. This is our published set, not all African listed companies.

Active filters: Criterion: Negative equity (remove) Reset

26 companies match the criterion, out of 691 companies in view.

Showing 1–26 of 26. Link to this view · Download these results (CSV)

CompanyCountryListingYears used Key figuresWhy it matches
ACES Renewables Mauritius SEM FY to 30 Jun 2026 Total equity (30 Jun 2026): USD -2,877,008Reports in USD Total equity was negative at the end of FY to 30 Jun 2026: USD −2.88 million.
Sources and calculation

Negative equity

AeTECH ⚠ Qualified opinion; going-concern warning Tunisia AETEC · BVMT FY2024 ended 31 Dec 2024 Total des capitaux propres (31 Dec 2024): TND -8,160,236Reports in TND Total des capitaux propres was negative at the end of FY2024: TND −8.16 million.
Sources and calculation

Negative equity

Airtel Malawi Malawi AIRTEL · MSE FY2023 ended 31 Dec 2023 Total Shareholders’ (deficit)/equity (31 Dec 2023): MWK -10,606,428 thousandReports in MWK Total Shareholders’ (deficit)/equity was negative at the end of FY2023: MWK −10.6 billion.
Sources and calculation

Negative equity

Critical Minerals Financing Nigeria CMFC · NGX FY to 30 Sep 2025 Total Equity (30 Sep 2025): NGN -2,325,734 thousandReports in NGN Total Equity was negative at the end of FY to 30 Sep 2025: NGN −2.33 billion.
Sources and calculation

Negative equity

Kenya Airways ⚠ Going-concern warning Kenya KQ · NSEKA · USEKA · DSE FY2025 ended 31 Dec 2025 Total shareholders' deficit (31 Dec 2025): KES -132,065 millionReports in KES Total shareholders' deficit was negative at the end of FY2025: KES −132 billion.
Sources and calculation

Negative equity

Minergy ⚠ Going-concern warning Botswana MINERGY · BSE FY to 30 Jun 2024 Total equity (30 Jun 2024): BWP -479,391,785Reports in BWP Total equity was negative at the end of FY to 30 Jun 2024: BWP −479 million.
Sources and calculation

Negative equity

NCR Nigeria Nigeria NCR · NGX FY2025 ended 31 Dec 2025 Total Equity (31 Dec 2025): NGN -4,683,149 thousandReports in NGN Total Equity was negative at the end of FY2025: NGN −4.68 billion.
Sources and calculation

Negative equity

Neo Energy Metals ⚠ Going-concern warning United Kingdom NEO · A2X FY to 30 Sep 2025 Total Equity (30 Sep 2025): GBP -126,732Reports in GBP Total Equity was negative at the end of FY to 30 Sep 2025: GBP −127 thousand.
Sources and calculation

Negative equity

Nigerian Enamelware Nigeria ENAMELWA · NGX FY to 30 Apr 2026 Equity (unlabelled subtotal) (30 Apr 2026): NGN -808,881 thousandReports in NGN Equity (unlabelled subtotal) was negative at the end of FY to 30 Apr 2026: NGN −809 million.
Sources and calculation

Negative equity

Oando ⚠ Going-concern warning Nigeria OANDO · NGX FY2025 ended 31 Dec 2025 Total equity (31 Dec 2025): NGN -566,972,367 thousandReports in NGN Total equity was negative at the end of FY2025: NGN −567 billion.
Sources and calculation

Negative equity

Omatek Ventures Nigeria OMATEK · NGX FY2025 ended 31 Dec 2025 TOTAL EQUITY (31 Dec 2025): NGN -2,691 millionReports in NGN TOTAL EQUITY was negative at the end of FY2025: NGN −2.69 billion.
Sources and calculation

Negative equity

Ongwe Minerals ⚠ Going-concern warning Canada ONG · NSX FY2025 ended 31 Dec 2025 Total shareholders' deficiency (31 Dec 2025): CAD -1,875,807Reports in CAD Total shareholders' deficiency was negative at the end of FY2025: CAD −1.88 million.
Sources and calculation

Negative equity

Precision Air ⚠ Going-concern warning Tanzania PAL · DSE FY2024 ended 31 Dec 2024 Equity (unlabelled subtotal) (31 Dec 2024): TZS -550,262,095 thousandReports in TZS Equity (unlabelled subtotal) was negative at the end of FY2024: TZS −550 billion.
Sources and calculation

Negative equity

Premier Paints ⚠ Going-concern warning Nigeria PREMPAINTS · NGX FY2025 ended 31 Dec 2025 Total equity (31 Dec 2025): NGN -217,912 thousandReports in NGN Total equity was negative at the end of FY2025: NGN −218 million.
Sources and calculation

Negative equity

R.T. Briscoe ⚠ Going-concern warning Nigeria RTBRISCOE · NGX FY2025 ended 31 Dec 2025 Total equity (31 Dec 2025): NGN -5,660,934 thousandReports in NGN Total equity was negative at the end of FY2025: NGN −5.66 billion.
Sources and calculation

Negative equity

RioZim ⚠ Going-concern warning Zimbabwe RIOZ.ZW · ZSE FY2024 ended 31 Dec 2024 Total equity (31 Dec 2024): ZWG -838,437 thousandReports in ZWG Total equity was negative at the end of FY2024: ZWG −838 million.
Sources and calculation

Negative equity

Standard Group ⚠ Qualified opinion (going concern) Kenya SGL · NSE FY2024 ended 31 Dec 2024 Total equity (31 Dec 2024): KES -2,222,227 thousandReports in KES Total equity was negative at the end of FY2024: KES −2.22 billion.
Sources and calculation

Negative equity

Stokvis Nord Afrique ⚠ Qualified opinion Morocco SNA · BVC FY2025 ended 31 Dec 2025 Capitaux propres de l'ensemble consolidé (31 Dec 2025): MAD -96,517 thousandReports in MAD Capitaux propres de l'ensemble consolidé was negative at the end of FY2025: MAD −96.5 million.
Sources and calculation

Negative equity

STROC Industrie Morocco STR · BVC FY2025 ended 31 Dec 2025 Total des capitaux propres (A) (31 Dec 2025): MAD -340,892,435.83Reports in MAD Total des capitaux propres (A) was negative at the end of FY2025: MAD −341 million.
Sources and calculation

Negative equity

Tlou Energy ⚠ Going-concern warning Australia TLOU · BSE FY to 30 Jun 2026 TOTAL EQUITY / (DEFICIT) (30 Jun 2026): AUD -3,071,950Reports in AUD TOTAL EQUITY / (DEFICIT) was negative at the end of FY to 30 Jun 2026: AUD −3.07 million.
Sources and calculation

Negative equity

Tripple Gee Nigeria TRIPPLEG · NGX FY to 31 Mar 2026 Total Equity (31 Mar 2026): NGN -267,837 thousandReports in NGN Total Equity was negative at the end of FY to 31 Mar 2026: NGN −268 million.
Sources and calculation

Negative equity

Tullow Oil ⚠ Going-concern warning (FY2024) United Kingdom TLW · GSE FY2025 ended 31 Dec 2025 Total equity (31 Dec 2025): USD -252.9 millionReports in USD Total equity was negative at the end of FY2025: USD −253 million.
Sources and calculation

Negative equity

TUNISAIR ⚠ Qualified opinion; going-concern warning Tunisia TAIR · BVMT FY2023 ended 31 Dec 2023 TOTAL CAPITAUX PROPRES (31 Dec 2023): TND -2,004,131 thousandReports in TND TOTAL CAPITAUX PROPRES was negative at the end of FY2023: TND −2.00 billion.
Sources and calculation

Negative equity

Umeme ⚠ Going-concern warning +1 Uganda UMEM · USEUMME · NSE FY2025 ended 31 Dec 2025 Equity (31 Dec 2025): UGX -353,989 millionReports in UGX Equity was negative at the end of FY2025: UGX −354 billion.
Sources and calculation

Negative equity

Unilever CI Côte d'Ivoire UNLC · BRVM FY2023 ended 31 Dec 2023 TOTAL CAPITAUX PROPRES ET RESSOURCES ASSIMILEES (31 Dec 2023): XOF -10,658,856,096Reports in XOF TOTAL CAPITAUX PROPRES ET RESSOURCES ASSIMILEES was negative at the end of FY2023: XOF −10.7 billion.
Sources and calculation

Negative equity

Unity BankBanks ⚠ Going-concern warning Nigeria UNITYBNK · NGX FY2023 ended 31 Dec 2023 Total equity (31 Dec 2023): NGN -326,873,324 thousandReports in NGN Total equity was negative at the end of FY2023: NGN −327 billion.
Sources and calculation

Negative equity

65 companies could not be assessed for this criterion

These companies are not counted as matches or non-matches. A company is here when a figure or year needed for at least one selected criterion is not published or the criterion does not apply to its type of accounts.