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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

Letlole La Rona

LETLOLE · Botswana Stock Exchange · Consolidated statements

On this page
Company details
Legal name
Letlole La Rona Limited
Listing
LETLOLE on the Botswana Stock Exchange, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 June

Overview

Year ended 30 June 2025 · annual report, signed / final · source

  • Revenue

    BWP 202 million

    201,757,412 BWP units · p53

    +16.5% vs 2024

  • Operating profit / (loss)

    BWP 119 million

    118,760,560 BWP units · p53

    +549.3% vs 2024

  • Profit / (loss) for the year

    BWP 108 million

    107,519,589 BWP units · p53

    +310.6% vs 2024

  • Total assets

    BWP 2.11 billion

    2,106,685,587 BWP units · p53

    +3.6% vs 2024

  • Total equity

    BWP 1.18 billion

    1,181,769,868 BWP units · p53

    +5.3% vs 2024

  • Cash from operations

    BWP 138 million

    138,303,539 BWP units · p55

    −29.1% vs 2024

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

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in BWP units 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

  • FY to 30 Jun 2025 — annual report, signed / final; reported for the year · source
  • FY to 30 Jun 2024 — annual report, signed / final; comparative in the FY to 30 Jun 2025 filing · source

Income statement

Income statement, BWP units. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Revenue 201,757,412 173,184,059
Other income 1,521,452 3,457,574
Other operating gains (losses)1 (19,992) 887,953
Movement in credit loss allowances (7,482,345) (100,062,211)
Administrative expenses (47,806,247) (38,172,571)
Property related expenses2 (29,209,720) (24,456,957)
Investment income3 –4 3,452,890
Operating profit (loss) 118,760,560 18,290,737
Finance income 6,540,332 8,518,873
Finance costs (49,695,087) (50,263,069)
Share of profit from equity accounted investments 5,803,422 9,248,353
Fair value adjustment of investment properties5 49,840,577 54,781,753
Gain on disposal of investment in associate6 –7 6,047,948
Impairment of investment in associate8 –7 (5,535,335)
Profit before taxation 131,249,804 41,089,260
Taxation (24,214,216) (19,655,030)
Profit (loss) from continuing operations9 107,035,588 21,434,230
Profit from discontinued operations10 484,001 4,752,048
Profit (loss) for the year 107,519,589 26,186,278
Other comprehensive income –11 –11
Total comprehensive income (loss) for the year 107,519,589 26,186,278
From continuing operations12 29,879,972 18,139,701
  1. Printed “-”, read as nil: subtotal_arithmetic: is.operating_profit.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  3. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (9)
  1. “Other operating gains (losses)” is an issuer-specific line, not mapped to a shared definition: Note 6: losses on disposal of assets and foreign exchange gains or losses.
  2. “Property related expenses” is an issuer-specific line, not mapped to a shared definition: Note 7: expenses of the property portfolio, printed apart from administrative expenses.
  3. “Investment income” is an issuer-specific line, not mapped to a shared definition: Note 5: investment income presented within operating profit.
  4. “Fair value adjustment of investment properties” is an issuer-specific line, not mapped to a shared definition: Note 11: fair value gains on investment property, below operating profit.
  5. “Gain on disposal of investment in associate” is an issuer-specific line, not mapped to a shared definition: Note 12.
  6. “Impairment of investment in associate” is an issuer-specific line, not mapped to a shared definition: Note 13.
  7. “Profit (loss) from continuing operations” is an issuer-specific line, not mapped to a shared definition: Profit after tax from continuing operations.
  8. “Profit from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 28: profit from discontinued operations.
  9. “From continuing operations” is an issuer-specific line, not mapped to a shared definition: The non-controlling interest's share of profit, all from continuing operations.

Balance sheet

Balance sheet, BWP units. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Property, plant and equipment 1,951,492 1,616,074
Right-of-use assets 2,369,038 3,110,000
Investment property 1,837,432,873 1,776,202,680
Goodwill1 3,986,858 3,986,858
Investments in subsidiaries2 –3 –3
Investments in associates 51,963,955 51,460,533
Loans to Group companies4 –3 3,736,493
Investments at fair value5 –3 6,250,000
Operating lease asset6 32,048,338 32,369,942
Deferred tax 2,498,803 9,359,383
Deferred tax taxation recoverable - related party7 3,013,800 3,095,461
Non-current assets (unlabelled subtotal) 1,935,265,157 1,891,187,424
Other financial assets8 104,065,005 81,043,289
Trade and other receivables 17,297,048 15,152,911
Current tax receivable 6,063,842 7,574,819
Cash and cash equivalents 35,344,535 24,586,476
Current assets (unlabelled subtotal) 162,770,430 128,357,495
Non-current assets held for sale9 8,650,000 13,160,000
Total Assets 2,106,685,587 2,032,704,919
Stated Capital 2,718,884 2,718,884
Debentures - Linked units10 405,113,547 405,113,547
Retained income 517,749,309 468,040,516
Equity Attributable to Equity Holders of Parent 925,581,740 875,872,947
Non-controlling interest 256,188,128 246,732,801
Total equity (unlabelled subtotal) 1,181,769,868 1,122,605,748
Borrowings 695,549,793 697,717,704
Lease liabilities 1,955,422 2,655,863
Deferred tax 152,062,984 147,789,002
Non-current liabilities (unlabelled subtotal) 849,568,199 848,162,569
Trade and other payables 48,252,093 39,596,184
Borrowings 6,733,185 6,921,775
Lease liabilities 717,989 619,965
Debenture interest and dividend payable11 19,644,253 14,798,678
Current liabilities (unlabelled subtotal) 75,347,520 61,936,602
Total Liabilities 924,915,719 910,099,171
Total Equity and Liabilities 2,106,685,587 2,032,704,919
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
Notes and alternative reported figures (10)
  1. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 19.
  2. “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 20: a Company-only line; the Group columns print dashes.
  3. “Loans to Group companies” is an issuer-specific line, not mapped to a shared definition: Note 23 (non-current).
  4. “Investments at fair value” is an issuer-specific line, not mapped to a shared definition: Note 24 (non-current).
  5. “Operating lease asset” is an issuer-specific line, not mapped to a shared definition: Straight-line rental (operating lease) asset, non-current; no note reference printed.
  6. “Deferred tax taxation recoverable - related party” is an issuer-specific line, not mapped to a shared definition: Note 21: capital gains tax recoverable from Botswana Development Corporation Limited (non-current).
  7. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 25: other financial assets at amortised cost (current).
  8. “Non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 28: printed after the current-assets subtotal and included in total assets.
  9. “Debentures - Linked units” is an issuer-specific line, not mapped to a shared definition: Note 30: variable rate debentures forming part of the linked units, presented within equity.
  10. “Debenture interest and dividend payable” is an issuer-specific line, not mapped to a shared definition: Note 34 (current).

Cash flow

Cash flow, BWP units. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Cash generated from operations 130,747,603 109,431,421
Tax paid (3,688,065) (2,439,991)
Cash flows of discontinued operations1 484,001 4,752,048
Cash flows from non-current assets held for sale2 10,760,000 83,340,000
Net cash from operating activities 138,303,539 195,083,478
Purchase of property, plant and equipment (1,011,575) (643,132)
Proceeds from sale of property, plant and equipment –3 20,334
Additions to investment property4 (11,389,616) (6,119,110)
Investments in subsidiary5 –3 (149,485,917)
Cash received on business combinations6 –3 15,661,631
Cash receipts on repayments of loans to Group companies7 –3 (3,311,587)
Other financial assets8 (23,021,716) (81,043,289)
Interest and investment income9 6,540,332 11,971,763
Dividends received10 5,300,000 3,052,423
Net cash from investing activities (23,582,575) (209,896,884)
Repayments of borrowings (2,356,501) (30,825,129)
Cash advances received on borrowings –11 120,000,000
Cash repayments on lease liabilities (602,417) (578,265)
Dividends paid to non-controlling interest12 (18,834,295) (10,445,063)
Finance costs13 (49,695,087) (50,263,069)
Dividends paid (32,474,548) (55,264,000)
Net cash from financing activities (103,962,848) (27,375,526)
Total cash movement for the year 10,758,116 (42,188,932)
Cash and cash equivalents at the beginning of the year 24,586,476 66,797,614
Profit on foreign exchange on cash and cash equivalents (57) (22,206)
Cash and cash equivalents at the end of the year 35,344,535 24,586,476
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (11)
  1. “Cash flows of discontinued operations” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  2. “Cash flows from non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 5).
  3. “Additions to investment property” is an issuer-specific line, not mapped to a shared definition: Investing (note 17).
  4. “Investments in subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing (note 42).
  5. “Cash received on business combinations” is an issuer-specific line, not mapped to a shared definition: Investing (note 42).
  6. “Cash receipts on repayments of loans to Group companies” is an issuer-specific line, not mapped to a shared definition: Investing (note 23); the 2024 amount is printed negative under this label.
  7. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Investing (note 25): net placement in other financial assets.
  8. “Interest and investment income” is an issuer-specific line, not mapped to a shared definition: Investing (note 8): interest and investment income received.
  9. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Investing (note 8).
  10. “Dividends paid to non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Financing (note 35).
  11. “Finance costs” is an issuer-specific line, not mapped to a shared definition: Financing (note 9): finance costs paid.

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Earnings / (loss) per share (per share)41 0.41182 0.12503
Profit / (loss) attributable to shareholders (BWP units)5 77,639,617 8,046,577
  1. Printed as 41.18 thebe; value converted to BWP at 100 thebe = 1 BWP.
  2. Printed as 12.50 thebe; value converted to BWP at 100 thebe = 1 BWP.
Notes and alternative reported figures (3)
  1. “Basic earnings per linked unit (thebe) (unlabelled total)”: mapping to a shared definition is uncertain. Basic earnings per linked unit (one ordinary share and one variable rate debenture); no diluted figure is printed.
  2. Earnings / (loss) per share: printed as “Basic earnings per linked unit (thebe) (unlabelled total)”.
  3. Profit / (loss) attributable to shareholders: printed as “Profit (loss) attributable to owners of the parent (unlabelled subtotal)”.

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
30 Jun 2025 Dividends paid (cash flow statement) Dividends paid (32,474,548) BWP units Annual report, p55
30 Jun 2024 Dividends paid (cash flow statement) Dividends paid (55,264,000) BWP units Annual report, p55

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.

  • Letlole La Rona Integrated Annual Report 2025 — Consolidated Financial Statements for the year ended 30 June 2025

    Year ended 30 June 2025 · Annual report · signed / final

    Audit: Grant Thornton (Firm of Certified Auditors, Gaborone), unmodified opinion · signed

    Auditor's sign-off: Grant Thornton; Practicing member: Madhavan Venkatachary (CAP 0017 2025)

    Final status: Independent auditor's report hand-signed 'Grant Thornton' (practicing member Madhavan Venkatachary, CAP 0017 2025) with the handwritten date '25 SEPT 2025', Gaborone (PDF p52, printed p101, page image); the opinion (PDF p50) covers the consolidated and separate statements. The report refers to the statements 'set out on pages 11 to 72' (the page numbering of the separate financial statements booklet), while the integrated report places them on printed pages 102 to 164. Directors' approval: approved by the board on 25 September 2025 and hand-signed by two directors (Khuto Balosang and a second, illegible signature; PDF p49, printed p94, page image).

    Document date
    25 Sep 2025
    Published
    27 Nov 2025
    Auditor's report
    25 Sep 2025
    Board approval
    25 Sep 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2025, FY to 30 Jun 2024
    Basis
    consolidated statements · BWP units (printed “Figures in Pula”)
    • No gross-profit line is printed. Non-current assets, current assets (before non-current assets held for sale), total equity, non-current and current liabilities are unlabelled subtotals. Interest and investment income and dividends received are presented in investing activities, and finance costs paid in financing activities (p55).
    • The investing line 'Cash receipts on repayments of loans to Group companies' prints (3 311 587) for 2024 (an outflow under a receipts label) and a dash for 2025 (p55); kept as printed.
    • The 2024 statement of financial position is headed 'Restated*'; note 43 (PDF p84) reallocates a pre-acquisition dividend of JTTM Properties: retained income 461 418 018 -> 468 040 516 and non-controlling interest 253 355 299 -> 246 732 801 at 30 June 2024, total equity unchanged. The 2024 retained income, non-controlling interest and equity attributable to owners are marked restated.
    • Per-linked-unit figures are printed in thebe (p53): basic earnings per linked unit from continuing and discontinued operations and their unlabelled total (41.18; 2024: 12.50); no diluted figure is printed. Dividend, debenture interest and distribution per linked unit are printed on the face of the income statement.
    Technical details
    File
    90 pages, with a text layer
    SHA-256
    d36fd71dc40348056a6fc847a8c421a213a18e47a97a33b1d7249b9536bee786
    Entity as printed
    Letlole La Rona Limited (company registration number BW00001394482) and its subsidiaries (the Group)
    Exchange copy
    retrieved 2026-10-08T18:20:43Z

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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