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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

East African Cables

CABL · Nairobi Securities Exchange · Incorporated in Kenya · Consolidated statements

On this page
Company details
Legal name
East African Cables PLC
Incorporated in
Kenya
Listing
CABL on the Nairobi Securities Exchange, active · ISIN KE0000000174 (observed 2026-10-07)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2024 · published summary of audited statements, final status not established · source

Read with these figures

  • Published summary of audited statements not confirmed as final. The published copy is unsigned. The FY2024 figures come from it.
Full wording and sources

  • Published summary of audited statements for 2024: final status not established

    An ISA 810 (Revised) report of the independent auditor on the summary financial statements is printed (PDF p2) and dated 25 April 2025, but it closes with the typeset 'For and on behalf of RSM Eastern Africa LLP, Certified Public Accountants, Nairobi' and the engagement partner's typeset name (CPA Elvis Ogeto), with no visible signature (page image). The board approval statement (25 April 2025) and the names of the chairman and the CEO are typeset without signatures (p1, page image). Published through the NSE.

    Source: East African Cables PLC: Overview of 2024 performance with consolidated statements and the report of the independent auditor on the summary financial statements (dated 2025-04-25)

  • 2024, 2023: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The summary financial statements, which comprise the summary consolidated statement of financial position as at 31 December 2024, the summary consolidated statement of profit or loss and other comprehensive income, the summary consolidated statement of changes in equity and summary consolidated statement of cash flows for the year then ended, are derived from the audited financial statements of East African Cables Plc for the year ended 31 December 2024.' (auditor's report, p2); 'East African Cables PLC ("Group and Company") is pleased to release audited financial statements for the year ended 31st December 2024.' (p1) Report of the independent auditor on the summary financial statements (ISA 810 (Revised)), RSM Eastern Africa LLP, Nairobi, dated 25 April 2025 (p2): 'In our opinion, the accompanying summary financial statements and the summary directors' remuneration report are consistent, in all material respects, with the audited consolidated financial statements and the auditable part of the directors' remuneration report, in accordance with the Kenyan Companies Act, 2015.' It states: 'We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 25 April 2025', which includes a Material Uncertainty Related to Going Concern section (Note 2(f)) and key audit matters (p2). Firm and engagement partner typeset, no visible signature. Summary consolidated statement of profit or loss and OCI, statement of financial position, statement of cash flows (condensed: no working-capital or investing detail beyond capex) and statement of changes in equity (not transcribed), all group figures with no company columns and no notes; summary directors' remuneration report (one sentence) (p1). 'A full copy of the Group financial statements including explanatory notes is available on our website www.eacables.com' (p1).

    Source: East African Cables PLC: Overview of 2024 performance with consolidated statements and the report of the independent auditor on the summary financial statements (dated 2025-04-25)

  • Revenue

    KES 2.57 billion

    2,566,273 KES thousands · p1

    +1.7% vs 2023

  • Operating profit / (loss)

    −KES 40.7 million

    (40,676) KES thousands · p1

    Change not shown.

  • Profit / (loss) for the year

    −KES 359 million

    (358,762) KES thousands · p1

    Change not shown.

  • Total assets

    KES 4.78 billion

    4,784,936 KES thousands · p1

    −11.5% vs 2023

  • Total equity

    KES 2.55 million

    2,546 KES thousands · p1

    −99.3% vs 2023

  • Cash from operations

    KES 551 million

    551,084 KES thousands · p1

    +142.3% vs 2023

Large amounts are rounded for reading (KES million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the prior-year figure is zero or negative.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in KES thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2024 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY2023 — published summary of audited statements (summary), final status not established; comparative in the FY2024 filing · source
    • 2024, 2023: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The summary financial statements, which comprise the summary consolidated statement of financial position as at 31 December 2024, the summary consolidated statement of profit or loss and other comprehensive income, the summary consolidated statement of changes in equity and summary consolidated statement of cash flows for the year then ended, are derived from the audited financial statements of East African Cables Plc for the year ended 31 December 2024.' (auditor's report, p2); 'East African Cables PLC ("Group and Company") is pleased to release audited financial statements for the year ended 31st December 2024.' (p1) Report of the independent auditor on the summary financial statements (ISA 810 (Revised)), RSM Eastern Africa LLP, Nairobi, dated 25 April 2025 (p2): 'In our opinion, the accompanying summary financial statements and the summary directors' remuneration report are consistent, in all material respects, with the audited consolidated financial statements and the auditable part of the directors' remuneration report, in accordance with the Kenyan Companies Act, 2015.' It states: 'We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 25 April 2025', which includes a Material Uncertainty Related to Going Concern section (Note 2(f)) and key audit matters (p2). Firm and engagement partner typeset, no visible signature. Summary consolidated statement of profit or loss and OCI, statement of financial position, statement of cash flows (condensed: no working-capital or investing detail beyond capex) and statement of changes in equity (not transcribed), all group figures with no company columns and no notes; summary directors' remuneration report (one sentence) (p1). 'A full copy of the Group financial statements including explanatory notes is available on our website www.eacables.com' (p1).

Income statement

Income statement, KES thousands. Columns: FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2024Published summary of audited statements (summary)reported for the yearFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Revenue 2,566,273 2,524,553
Cost of sales (1,810,390) (1,854,293)
Gross profit 755,883 670,260
Other income 12,617 20,717
Factory expenses1 (159,661) (152,740)
Administrative expenses (331,594) (459,413)
Selling and distribution expenses (98,352) (98,546)
Profit/(loss) before depreciation, impairment and finance costs2 178,893 (19,722)
Impairment (loss) / writeback on trade receivables and contract assets (29,537) 2,423
Depreciation and amortisation3 (190,032) (194,385)
Results from operating activities (40,676) (211,684)
Interest expense (482,952) (337,034)
Exchange (losses) / gains (12,801) 93,787
Net finance costs4 (495,753) (243,247)
Loss before income tax (536,429) (454,931)
Income tax credit 177,667 153,054
Loss for the year (358,762) (301,877)
Re-measurement gain on retirement benefit plan5 1,524 9,864
Deferred tax effect on remeasurement gain6 (457) (2,959)
Remeasurement net of tax (unlabelled subtotal)7 1,067 6,905
Foreign currency translation differences on foreign operations8 (11,297) (47,984)
Total other comprehensive income (10,230) (41,079)
Total comprehensive income for the year (368,992) (342,956)
Non-controlling interest9 (110,205) (96,256)
Owners of the company10 (282,887) (226,109)
Non-controlling interest11 (86,105) (116,847)
Notes and alternative reported figures (11)
  1. “Factory expenses” is an issuer-specific line, not mapped to a shared definition: Operating expense line printed apart from administrative and selling expenses.
  2. “Profit/(loss) before depreciation, impairment and finance costs” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: gross profit plus other income less factory, administrative and selling expenses (the issuer's EBITDA).
  3. “Depreciation and amortisation”: mapping to a shared definition is uncertain. Printed 'Depreciation and amortisation' as one line.
  4. “Net finance costs” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: interest expense plus exchange (losses)/gains.
  5. “Re-measurement gain on retirement benefit plan” is an issuer-specific line, not mapped to a shared definition: OCI item (retirement benefit plan).
  6. “Deferred tax effect on remeasurement gain” is an issuer-specific line, not mapped to a shared definition: Tax on the OCI remeasurement item.
  7. “Remeasurement net of tax (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the remeasurement gain and its deferred tax.
  8. “Foreign currency translation differences on foreign operations” is an issuer-specific line, not mapped to a shared definition: OCI item (translation of foreign operations).
  9. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Share of the loss attributable to non-controlling interest.
  10. “Owners of the company” is an issuer-specific line, not mapped to a shared definition: Total comprehensive income attributable to owners.
  11. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Total comprehensive income attributable to NCI.

Balance sheet

Balance sheet, KES thousands. Columns: FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2024Published summary of audited statements (summary)reported for the yearFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Property, plant and equipment 1,931,996 2,155,985
Right-of-use assets 1,866,593 2,081,084
Investment properties 219,357 259,216
Non-current assets (unlabelled subtotal) 4,017,946 4,496,285
Inventories 417,718 441,076
Trade and other receivables 304,382 365,671
Current tax recoverable 2,170 –1
Cash and cash equivalents 42,720 105,259
Current assets (unlabelled subtotal) 766,990 912,006
TOTAL ASSETS 4,784,936 5,408,291
Issued capital 126,563 126,563
Share premium 545 545
Revaluation reserve 2,023,209 2,023,209
Retained earnings (1,709,611) (1,460,785)
Foreign currency translation reserve2 (183,763) (149,702)
Total equity attributable to equity holders of the company 256,943 539,830
Non-controlling interest (259,489) (173,384)
Total equity 2,546 366,446
Bank loans and borrowings 275,460 320,633
Shareholders loan3 992,322 867,880
Liability for staff gratuity4 44,142 41,042
Deferred tax liability 31,082 262,695
Non-current liabilities (unlabelled subtotal) 1,343,006 1,492,250
Trade and other payables 1,157,242 1,447,846
Short-term portion of bank loan 2,274,130 2,091,902
Current tax payable 9,080 4,974
Dividends payable 4,024 4,873
Current liabilities (unlabelled subtotal) 3,444,476 3,549,595
TOTAL EQUITY AND LIABILITIES 4,784,936 5,408,291
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
Notes and alternative reported figures (3)
  1. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve for translation of foreign operations.
  2. “Shareholders loan” is an issuer-specific line, not mapped to a shared definition: Non-current loan from shareholders, printed apart from bank loans.
  3. “Liability for staff gratuity” is an issuer-specific line, not mapped to a shared definition: Non-current staff gratuity liability.

Cash flow

Cash flow, KES thousands. Columns: FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2024Published summary of audited statements (summary)reported for the yearFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Cash generated from operations 552,402 231,133
Income taxes paid (1,318) (3,649)
Cash flows generated from operating activities 551,084 227,484
Purchase of property, plant and equipment (2,580) (3,913)
Net cash used in investing activities (2,580) (3,913)
Repayment of bank loans and borrowings (57,296) (77,019)
Interest accrued1 (428,457) (170,262)
Dividends paid (849) (252)
Net cash used in financing activities (486,602) (247,533)
Net decrease in cash and cash equivalents (61,902) (23,962)
Cash and cash equivalents at 1 January 105,259 129,221
Cash and cash equivalents at 31 December 43,357 105,259
Notes and alternative reported figures (1)
  1. “Interest accrued” is an issuer-specific line, not mapped to a shared definition: Financing outflow printed 'Interest accrued' (interest on borrowings), as printed.

Per share and shares

Per share and shares. Columns: FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2024Published summary of audited statements (summary)reported for the yearFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Earnings / (loss) per share (per share)21 (0.98) (0.81)
Profit / (loss) attributable to shareholders (KES thousands)3 (248,557) (205,621)
Notes and alternative reported figures (3)
  1. Printed under different labels across filings: “Basic and diluted earnings per share”; “Basic and diluted earnings per share KShs”.
  2. Earnings / (loss) per share: printed as “Basic and diluted earnings per share KShs”.
  3. Profit / (loss) attributable to shareholders: printed as “Owners of the company”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (849) KES thousands Summary statements, p1
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid (252) KES thousands Summary statements, p1

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • East African Cables PLC: Overview of 2024 performance with consolidated statements and the report of the independent auditor on the summary financial statements

    Year ended 31 December 2024 · Published summary of audited statements (summary) · final status not established

    Audit: RSM Eastern Africa LLP, Certified Public Accountants (Nairobi), unmodified opinion · includes a material-uncertainty paragraph

    Auditor's sign-off: For and on behalf of RSM Eastern Africa LLP (engagement partner CPA Elvis Ogeto, Practicing Number 2303); typeset

    Final status: An ISA 810 (Revised) report of the independent auditor on the summary financial statements is printed (PDF p2) and dated 25 April 2025, but it closes with the typeset 'For and on behalf of RSM Eastern Africa LLP, Certified Public Accountants, Nairobi' and the engagement partner's typeset name (CPA Elvis Ogeto), with no visible signature (page image). The board approval statement (25 April 2025) and the names of the chairman and the CEO are typeset without signatures (p1, page image). Published through the NSE.

    Document date
    25 Apr 2025
    Published
    28 Apr 2025
    Auditor's report
    25 Apr 2025
    Board approval
    25 Apr 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024, FY2023
    Basis
    consolidated statements · KES thousands (printed “KShs'000”)
    • The directory lists 'E.A.Cables PLC' (NSE roster 'E.A.Cables PLC Ord 0.50'); the document prints 'EAST AFRICAN CABLES PLC' and 'East African Cables PLC' (pp1-2). 'E.A.' abbreviates 'East African'; no registration number is printed.
    • Cash and cash equivalents at 31 December 2024 is 43,357 in the cash-flow statement but 42,720 in the statement of financial position (p1); no reconciliation (e.g. overdraft) is printed. Total comprehensive income 2024 is (368,992) in the income statement but (386,992) in the changes-in-equity total column (p1, not transcribed). The 2024 net decrease in cash is printed (61,902), consistent with opening 105,259 and closing 43,357, but the printed activity totals (551,084; (2,580); (486,602)) sum to +61,902 (p1). Kept as printed (page image).
    • Total equity 2024 is printed '2,546' without brackets in the statement of financial position (p1), while equity attributable to owners 256,943 plus non-controlling interest (259,489) is (2,546), the statement of changes in equity prints (2,546), and total equity and liabilities 4,784,936 is reached only with (2,546). Kept as printed (page image); the total-equity and total-equity-and-liabilities checks fail for 2024.
    • The non-current assets, current assets, non-current liabilities and current liabilities subtotals are unlabelled (p1). 'Interest accrued' is printed as a financing outflow (p1).
    • Report of the independent auditor on the summary financial statements (ISA 810 (Revised)), RSM Eastern Africa LLP, Nairobi, dated 25 April 2025 (p2): 'In our opinion, the accompanying summary financial statements and the summary directors' remuneration report are consistent, in all material respects, with the audited consolidated financial statements and the auditable part of the directors' remuneration report, in accordance with the Kenyan Companies Act, 2015.' It states: 'We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 25 April 2025', which includes a Material Uncertainty Related to Going Concern section (Note 2(f)) and key audit matters (p2). Firm and engagement partner typeset, no visible signature.
    • Summary consolidated statement of profit or loss and OCI, statement of financial position, statement of cash flows (condensed: no working-capital or investing detail beyond capex) and statement of changes in equity (not transcribed), all group figures with no company columns and no notes; summary directors' remuneration report (one sentence) (p1). 'A full copy of the Group financial statements including explanatory notes is available on our website www.eacables.com' (p1).
    Technical details
    File
    2 pages, with a text layer
    SHA-256
    509a3a5ccc69154a55804d78e92ed9b532f75e45565cafa52c58eb1503c21097
    Entity as printed
    EAST AFRICAN CABLES PLC
    Exchange copy
    retrieved 2026-10-08T18:12:38Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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