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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) (17 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

Longhorn Publishers

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

On this page
Company details
Legal name
Longhorn Publishers Plc
Incorporated in
Kenya
Listing
LKL on the Nairobi Securities Exchange, active · ISIN KE2000002275 (observed 2026-10-07)
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

Source and wording notes

  • Auditor's emphasis of matter

    Other matter: the consolidated and separate financial statements for the year ended 30 June 2023 were audited by another auditor, who expressed an unmodified opinion on 28 December 2023 (p54).

    Source: Longhorn Publishers PLC Annual Report and Financial Statements 2024 (dated 2024-09-10)

FY to 30 Jun 2023 figures come from an annual report, signed / final — see the column notes.

  • Revenue

    KES 672 million

    672,088 KES thousands · p49

    −55.8% vs 2024

  • Operating profit / (loss)

    −KES 169 million

    (169,256) KES thousands · p49

    Change not shown.

  • Profit / (loss) for the year

    −KES 261 million

    (261,444) KES thousands · p49

    Change not shown.

  • Total assets

    KES 2.23 billion

    2,230,832 KES thousands · p51

    +7.8% vs 2024

  • Total equity

    KES 18.1 million

    18,108 KES thousands · p51

    −22.7% vs 2024

  • Cash from operations

    KES 338 million

    338,194 KES thousands · p55

    −15.2% vs 2024

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

  • 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
  • FY to 30 Jun 2023 — annual report, signed / final; comparative in the FY to 30 Jun 2024 filing · source
    • Auditor's emphasis of matter. Other matter: the consolidated and separate financial statements for the year ended 30 June 2023 were audited by another auditor, who expressed an unmodified opinion on 28 December 2023 (p54).

Income statement

Income statement, KES thousands. 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; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filingsource limitations
Revenue from contracts with customers 672,088 1,521,825 1,071,031
Cost of sales (521,027) (1,207,666) (881,120)
Gross profit 151,061 314,159 189,911
Other income 7,802 16,363 4,040
Selling and distribution costs (55,080) (82,126) (66,848)
Expected credit losses (11,573) (57,232) (49,979)
Administrative expenses (261,466) (271,641) (525,059)
Operating loss (169,256) (80,477) (447,935)
Finance costs (203,893) (204,648) (182,182)
Loss before income tax (373,149) (285,125) (630,117)
Income tax credit 111,705 47,220 58,786
Loss for the year (261,444) (237,905) (571,331)
Exchange difference on translation of foreign operations, net of tax1 2,040 (28,446) (1,511)
Revaluation surplus on land and building (net of tax)2 254,083 –3 Not reported in this filing4
Total comprehensive income for the year (5,321) (266,351) (572,842)
Non-controlling interest56 424 (352) (1,220)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (5)
  1. “Exchange difference on translation of foreign operations, net of tax” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, items that may be reclassified to profit or loss.
  2. “Revaluation surplus on land and building (net of tax)” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, items that will not be reclassified to profit or loss (note 12(b)); printed '-' for 2024.
  3. Not reported in this filing: Not printed: the FY2024 consolidated statement of profit or loss and other comprehensive income (p57) has no revaluation surplus line; its only other comprehensive income item is 'Exchange difference on translation of foreign operations, net of tax' ((1,511) for 2023). Checked on the page image.
  4. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Loss attributed to non-controlling interest (note 20(d)).
  5. Printed under different labels across filings: “- Non-controlling interest”; “Non-controlling interest”.

Balance sheet

Balance sheet, KES thousands. 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; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filingsource limitations
Property and equipment 479,698 166,409 180,405
Intangible assets -Software12 50,383 45,302 42,748
Intangible assets -Pre-publishing costs34 748,624 793,624 963,478
Deferred income tax 185,201 148,908 100,400
Non-current assets (unlabelled subtotal) 1,463,906 1,154,243 1,287,031
Inventories 482,259 401,909 734,975
Trade and other receivables 113,830 155,689 265,196
Contract asset 81,814 324,485 413,141
Current income tax recoverable –5 6,417 4,374
Cash and bank balances 89,023 27,533 83,075
Current assets (unlabelled subtotal) 766,926 916,033 1,500,761
TOTAL ASSETS 2,230,832 2,070,276 2,787,792
Share capital 272,440 272,440 272,440
Share premium 368,289 368,289 368,289
Accumulated losses (789,360) (527,492) (289,939)
Revaluation surplus 253,611 –6 Not reported in this filing7
Translation reserve, net of tax8 (81,927) (83,967) (55,521)
Equity attributable to owners (unlabelled subtotal) 23,053 29,270 295,269
Non-controlling interest (4,945) (5,841) (5,489)
Total equity 18,108 23,429 289,780
Borrowings 573,400 –9 Not reported in this filing10
Non-current liabilities (unlabelled subtotal) 573,400 –11 Not reported in this filing12
Trade and other payables 1,193,999 1,007,358 1,263,185
Borrowings 442,424 1,019,989 1,220,485
Current income tax 2,901 –13 Not reported in this filing14
Bank overdraft –13 19,500 14,342
Current liabilities (unlabelled subtotal) 1,639,324 2,046,847 2,498,012
TOTAL EQUITY AND LIABILITIES 2,230,832 2,070,276 2,787,792
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.equity_attributable_to_owners.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  4. Printed “-”, read as nil: subtotal_arithmetic: bs.total_equity_and_liabilities.
  5. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (9)
  1. “Intangible assets -Software”: mapping to a shared definition is uncertain. Software only; pre-publishing costs (also intangible assets, note 13(b)) are a separate line.
  2. Printed under different labels across filings: “Intangible assets”; “Intangible assets -Software”.
  3. “Intangible assets -Pre-publishing costs” is an issuer-specific line, not mapped to a shared definition: Note 13(b): capitalised pre-publishing costs, non-current.
  4. Printed under different labels across filings: “Intangible assets -Pre-publishing costs”; “Pre-publishing costs”.
  5. Not reported in this filing: Not printed: the FY2024 consolidated statement of financial position (p59) has no revaluation reserve line; equity attributable to owners prints 'Share capital', 'Share premium', 'Accumulated losses' and 'Translation reserve, net of tax' only. Checked on the page image.
  6. “Translation reserve, net of tax” is an issuer-specific line, not mapped to a shared definition: Note 20(c).
  7. Not reported in this filing: Not printed: the FY2024 consolidated statement of financial position (p59) has no non-current liabilities section; 'Borrowings' (1,220,485 for 2023) is presented under 'Current liabilities' only. Checked on the page image.
  8. Not reported in this filing: Not printed: the FY2024 consolidated statement of financial position (p59) has no non-current liabilities section or subtotal; liabilities are presented as 'Current liabilities' only (trade and other payables, borrowings, bank overdraft; subtotal 2,498,012 for 2023). Checked on the page image.
  9. Not reported in this filing: Not printed: the FY2024 consolidated statement of financial position (p59) has no current tax payable line; tax appears only as the asset 'Current income tax recoverable' (4,374 for 2023). Checked on the page image.

Cash flow

Cash flow, KES thousands. 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; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filingsource limitations
Loss before income tax1 (373,149) (285,125) (630,117)
Depreciation2 19,481 14,749 14,803
Amortisation of intangible assets3 2,331 3,099 4,104
Amortisation and impairment of pre-publishing costs4 87,416 186,854 88,839
Unrecoverable tax write off5 7,424 –6 Not reported in this filing7
Loss on disposal of property and equipment8 120 1,457 –6
Interest expense9 203,893 204,648 157,182
Inventories1011 (80,350) 333,066 (170,609)
trade and other receivables12 41,859 109,507 198,868
contract assets13 242,671 88,656 (81,136)
trade and other payables14 186,641 (255,827) 313,771
Income tax paid (143) (2,057)15 –6
Net cash generated from operating activities 338,194 399,02716 21,491
Purchase of property and equipment (1,454) (5,281) (753)
Purchase of intangible assets (software) (7,411) (5,662) (852)
Pre-publishing costs paid1718 (39,356) (41,306) (192,919)
Net cash used in investing activities (48,221) (52,249) (193,692)
Proceeds from borrowings 1,007,683 1,049,709 1,724,040
Repayments - principal19 (1,041,883) (1,254,803) (1,512,491)
Repayments - interest20 (173,858) (200,050) (128,245)
Net cash used in financing activities21 (208,058) (405,144) 83,304
Net decrease in cash and cash equivalents 81,915 (58,366)22 (88,897)
At start of year 8,033 68,733 160,414
Effects of exchange rate changes on cash and cash equivalents (925) (2,334)23 (2,784)
At end of year 89,023 8,033 68,733
Goodwill impairment24 Not reported in this filing25 Not reported in this filing2726 125,786
Proceeds from disposal of intangible assets (software)28 Not reported in this filing29 Not reported in this filing3026 832
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
Notes and alternative reported figures (29)
  1. “Loss before income tax” is an issuer-specific line, not mapped to a shared definition: Starting line of the indirect-method operating cash flows.
  2. “Depreciation” is an issuer-specific line, not mapped to a shared definition: Operating adjustment (note 12(a)).
  3. “Amortisation of intangible assets” is an issuer-specific line, not mapped to a shared definition: Operating adjustment (note 13(a)).
  4. “Amortisation and impairment of pre-publishing costs” is an issuer-specific line, not mapped to a shared definition: Operating adjustment (note 13(b)).
  5. “Unrecoverable tax write off” is an issuer-specific line, not mapped to a shared definition: Operating adjustment (note 9(b)); printed '-' for 2024.
  6. Not reported in this filing: Not printed: the FY2024 consolidated statement of cash flows (p63) has no unrecoverable tax write-off adjustment; its adjustments are depreciation, amortisation of intangible assets, amortisation and impairment of pre-publishing costs, goodwill impairment, loss on disposal of property and equipment and interest expense. Checked on the page image.
  7. “Loss on disposal of property and equipment” is an issuer-specific line, not mapped to a shared definition: Operating adjustment.
  8. “Interest expense” is an issuer-specific line, not mapped to a shared definition: Operating adjustment (note 22(b)).
  9. “Inventories” is an issuer-specific line, not mapped to a shared definition: Operating, working capital.
  10. Printed under different labels across filings: “Inventories”; “inventories”.
  11. “trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Operating, working capital.
  12. “contract assets” is an issuer-specific line, not mapped to a shared definition: Operating, working capital.
  13. “trade and other payables” is an issuer-specific line, not mapped to a shared definition: Operating, working capital.
  14. Annual report dated 2024-09-10 prints (2,043) (thousands, p63) for this line and year.
  15. Annual report dated 2024-09-10 prints 399,041 (thousands, p63) for this line and year.
  16. “Pre-publishing costs paid” is an issuer-specific line, not mapped to a shared definition: Investing (note 13(b)).
  17. Printed under different labels across filings: “Pre-publishing costs paid”; “Spend on pre-publishing costs”.
  18. Printed under different labels across filings: “Repayments - Principal”; “Repayments - principal”.
  19. Printed under different labels across filings: “Repayments - Interest”; “Repayments - interest”.
  20. Printed under different labels across filings: “Net cash (used in)/generated from financing activities”; “Net cash used in financing activities”.
  21. Annual report dated 2024-09-10 prints (58,352) (thousands, p63) for this line and year.
  22. Annual report dated 2024-09-10 prints (2,348) (thousands, p63) for this line and year.
  23. “Goodwill impairment” is an issuer-specific line, not mapped to a shared definition: Operating adjustment (note 7); printed '-' for 2024.
  24. Not reported in this filing: Not printed: the FY2025 consolidated statement of cash flows (p55) has no 'Goodwill impairment' line in either column; its adjustments are depreciation, amortisation of intangible assets, amortisation and impairment of pre-publishing costs, unrecoverable tax write off, loss on disposal of property and equipment and interest expense. Checked on the page image.
  25. Annual report dated 2024-09-10 presents this line for this year: - (p63). Not shown in this column, which follows one filing's presentation.
  26. Not reported in this filing: Not printed: the FY2025 consolidated statement of cash flows (p55) has no 'Goodwill impairment' line in either column (the FY2024 report printed a dash for 2024; that document does not settle this cell). Checked on the page image.
  27. “Proceeds from disposal of intangible assets (software)” is an issuer-specific line, not mapped to a shared definition: Investing (note 13); printed '-' for 2024.
  28. Not reported in this filing: Not printed: the FY2025 consolidated statement of cash flows (p55) has no 'Proceeds from disposal of intangible assets (software)' line; investing activities print 'Purchase of property and equipment', 'Purchase of intangible assets (software)' and 'Pre-publishing costs paid' only. Checked on the page image.
  29. Not reported in this filing: Not printed: the FY2025 consolidated statement of cash flows (p55) has no 'Proceeds from disposal of intangible assets (software)' line in either column; investing activities print 'Purchase of property and equipment', 'Purchase of intangible assets (software)' and 'Pre-publishing costs paid' only. Checked on the page image.

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; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filingsource limitations
Earnings / (loss) per share (per share)1 (0.96) (0.87) (2.10)
Profit / (loss) attributable to shareholders (KES thousands)32 (261,868) (237,553) (570,111)
Notes and alternative reported figures (3)
  1. Earnings / (loss) per share: printed as “Basic and diluted loss per share (KShs)”.
  2. Printed under different labels across filings: “- Owners of the parent”; “Owners of the parent”.
  3. Profit / (loss) attributable to shareholders: printed as “Owners of the parent”.

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.

No dividend statement or amount collected.

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.

  • Longhorn Publishers Plc Annual Report and Financial Statements for the year ended 30 June 2025

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

    Audit: KPMG Kenya (Certified Public Accountants, Nairobi), unmodified opinion · signed

    Auditor's sign-off: FCPA Stephen Obock (practising certificate P/2384), for and on behalf of KPMG Kenya

    Final status: Independent auditor's report (PDF pp44-48) with an unmodified opinion on the consolidated and separate financial statements, signed by hand above 'For and on behalf of: KPMG Kenya, Certified Public Accountants, Nairobi', 'Date: 06 November 2025', engagement partner FCPA Stephen Obock (P/2384), with a QR code (PDF p48, page image). The statements were approved by the board on 23 October 2025 and signed by hand by Prof. Githu Muigai (Group Chairman) and Dancan Irungu (Director) under the consolidated statement of financial position (PDF p51, page image).

    Document date
    6 Nov 2025
    Auditor's report
    6 Nov 2025
    Board approval
    23 Oct 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 · KES thousands (printed “KShs'000”)
    • The going-concern wording on PDF p58 is in note 2(i)(d) Basis of preparation, where the directors conclude that shareholder support (KShs 200 million approved; KShs 30 million received from Centum after year end) mitigates going-concern risks and 'consequently, there is no material uncertainty related to going concern'. KPMG's report (PDF pp44-48) treats going concern as a key audit matter ('Going concern assumption ...', p45: losses of KShs 260 million (Group) and 587 million (Company), current liabilities exceeding current assets by KShs 872 million and 628 million, debt-coverage covenant breach) and prints no material-uncertainty or emphasis-of-matter paragraph (p58)
    • Interest paid on borrowings is printed as 'Repayments - interest' in financing activities (note 22(a), p55).
    • Other comprehensive income is printed as two items (translation 2,040, 2024: (28,446); revaluation surplus 254,083, 2024: '-') with no total line (p49).
    • The cash-flow line labelled 'Net decrease in cash and cash equivalents' prints 81,915 for 2025 (an increase: 8,033 at start to 89,023 at end) and (58,366) for 2024 (p55). Kept as printed.
    Technical details
    File
    103 pages, with a text layer
    SHA-256
    9e22c90423cc35bfb2b2e7ceded18f188bc69280d4fe0a9474985fe42c8f4589
    Entity as printed
    Longhorn Publishers Plc ("the Group and Company")
    Issuer copy
    retrieved 2026-10-08T19:51:16Z

  • Longhorn Publishers PLC Annual Report and Financial Statements 2024

    Year ended 30 June 2024 · Annual report · signed / final

    Audit: KPMG Kenya, Certified Public Accountants, unmodified opinion · signed

    Auditor's sign-off: KPMG Kenya; engagement partner CPA Stephen Obock (P/2384)

    Final status: Independent auditor's report (PDF pp53-56) with an unmodified opinion on the consolidated and separate financial statements, signed by hand above 'For and on behalf of: KPMG Kenya, Certified Public Accountants, Nairobi', 'Date: 10 September 2024', engagement partner CPA Stephen Obock (P/2384) (PDF p56, page image). The statements were approved by the board on 10 September 2024 and signed by hand by Hon. Francis T. Nyammo (Group Chairman) and Maxwell Wahome (Group Managing Director & CEO) under the consolidated statement of financial position (PDF p59, page image).

    Document date
    10 Sep 2024
    Auditor's report
    10 Sep 2024
    Board approval
    10 Sep 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2023
    Basis
    consolidated statements · KES thousands (printed “KShs'000”)
    • The auditor's opinion refers to the statements 'set out on pages 13 to 56', while the board approval refers to pages 55 to 95 (the report's own folios); recorded as printed (pp53, 59).
    • The statement of financial position prints the non-current assets, current assets, equity attributable to owners and current liabilities subtotals without labels; there are no non-current liabilities and no total-liabilities line (p59). No total other comprehensive income line is printed (p57).
    Technical details
    File
    110 pages, with a text layer
    SHA-256
    7c23c32111e68a75686b09a7c644cfaba74b9c351ff62667faaf2ac405f67fa3
    Entity as printed
    Longhorn Publishers Plc and its subsidiaries (the Group)
    Issuer copy
    retrieved 2026-10-08T19:51:24Z

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) (17 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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