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Nation Media Group
On this page
Company details
- Legal name
- Nation Media Group PLC
- Incorporated in
- Kenya
- Primary listing
- NMG on the Nairobi Securities Exchange, active · ISIN KE0000000380 (observed 2026-10-06)
- Also listed
- NMG on the Uganda Securities Exchange, active · ISIN KE0000000380 (observed 2026-10-06)
- Sector
- Media and printing (our classification from the stated principal activity)
- Activity
- Newspaper publishing, printing and distribution, radio and television broadcasting and digital products in Kenya, Uganda, Rwanda and Tanzania.
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · annual report, signed / final · source
-
Revenue
KES 6.04 billion
6,039.4 KES millions · p96
Change not shown.
-
Operating profit / (loss)
−KES 696 million
(695.7) KES millions · p96
Change not shown.
-
Profit / (loss) for the year
−KES 309 million
(308.6) KES millions · p96
Change not shown.
-
Total assets
Not reported in this filing
-
Total equity
KES 7.04 billion
7,042.1 KES millions · p97
Change not shown.
-
Cash from operations
−KES 465 million
(465) KES millions · p100
Change not shown.
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 two years come from different filings.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in KES millions 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
- FY2025 — annual report, signed / final; reported for the year · source
- FY2024 — annual report, signed / final; reported for the year · source
- FY2023 — annual report, signed / final; comparative in the FY2024 filing · source
Income statement
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportreported for the year | FY2023Annual reportcomparative in FY2024 filing |
|---|---|---|---|
| Revenue | 6,039.4 | 6,229.6 | 7,116.2 |
| Cost of sales | (1,905.7) | (1,973.5) | (2,434.9) |
| Gross profit | 4,133.7 | 4,256.1 | 4,681.3 |
| Distribution costs | (420.5) | (377.9) | (313.7) |
| Administrative expenses | (2,964.2) | (3,029.3) | (3,281.7) |
| Provision for expected credit losses | 34.0 | 81.1 | (172.9) |
| Other expenses | (1,478.7) | (1,388.7) | (1,925.5) |
| Operating loss1 | (695.7) | (458.7) | (1,012.5) |
| Other income | 111.9 | Not reported in this filing32 | Not reported in this filing3 |
| Finance income | 212.2 | 270.6 | 311.2 |
| Finance costs | (24.8) | (29.7) | (32.6) |
| Share of profit /(loss) after income tax of associate4 | 75.6 | (35.8) | 302.1 |
| Loss before income tax5 | (320.8) | (253.6) | (431.8) |
| Income tax expense | 12.2 | (0.8) | 226.1 |
| Loss for the year6 | (308.6) | (254.4) | (205.7) |
| Other comprehensive income (unlabelled total) | 48.9 | (211.0) | 369.1 |
| Total comprehensive loss for the year7 | (259.7) | (465.4) | 163.4 |
| Non-controlling interest8 | 0.3 | (2.9) | (4.0) |
Notes and alternative reported figures (8)
- Printed under different labels across filings: “Operating (loss)”; “Operating loss”.
- Annual report dated 2026-04-30 presents this line for this year: - (p96). Not shown in this column, which follows one filing's presentation.
- Not reported in this filing: The 2024 statement of comprehensive income (p98) prints no other-income line (the 2025 report prints a dash for 2024).
- Printed under different labels across filings: “Share of profit /(loss) after income tax of associate”; “Share of profit after income tax of associate”.
- Printed under different labels across filings: “(Loss) before income tax”; “Loss before income tax”.
- Printed under different labels across filings: “(Loss) for the year”; “Loss for the year”.
- Printed under different labels across filings: “Total comprehensive (loss)/income for the year”; “Total comprehensive loss for the year”.
- “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: As printed under 'Loss for the year attributable to'.
Balance sheet
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportreported for the year | FY2023Annual reportcomparative in FY2024 filing |
|---|---|---|---|
| Share capital | 518.5 | 518.5 | 518.5 |
| Other reserves1 | 352.3 | 311.3 | 512.5 |
| Retained earnings | 6,896.8 | 7,199.0 | 7,444.8 |
| Treasury shares reserve2 | (808.2) | (808.2) | (714.8) |
| Attributable to the Company's equity holders (unlabelled subtotal) | 6,959.4 | 7,220.6 | 7,761.0 |
| Non-controlling interest | 82.7 | 81.2 | 100.6 |
| Total equity | 7,042.1 | 7,301.8 | 7,861.6 |
| Deferred income tax | 32.5 | 9.8 | 41.4 |
| Lease liabilities | 95.2 | 167.0 | 306.9 |
| Post-employment benefits obligation | 6.8 | 29.1 | 5.5 |
| Non-current liabilities (unlabelled subtotal) | 134.5 | 205.9 | 353.8 |
| Total equity and non-current liabilities3 | 7,176.6 | 7,507.7 | 8,215.4 |
| Land and buildings4 | 622.4 | 652.2 | 716.5 |
| Plant and equipment5 | 353.0 | 376.7 | 507.3 |
| Right-of-use asset6 | 227.8 | 316.0 | 430.1 |
| Intangible assets | 54.0 | 92.0 | 131.7 |
| Investment in associate | 1,703.9 | 1,651.9 | 1,845.2 |
| Investment in subsidiaries7 | –8 | –8 | –8 |
| Deferred income tax | 957.5 | 866.2 | 818.7 |
| Long-term deposits9 | 197.6 | 246.8 | 248.2 |
| Non-current assets (unlabelled subtotal) | 4,116.2 | 4,201.8 | 4,697.7 |
| Inventories | 536.8 | 712.3 | 605.6 |
| Receivables and prepayments | 2,960.0 | 3,226.2 | 3,442.5 |
| Cash and bank balances | 1,328.8 | 1,342.0 | 1,723.2 |
| Short-term investments | 662.9 | 1,033.2 | 1,182.6 |
| Current income tax | 231.1 | 185.0 | 151.9 |
| Current assets (unlabelled subtotal) | 5,719.6 | 6,498.7 | 7,105.8 |
| Payables and accrued expenses | 2,099.1 | 2,673.6 | 3,019.0 |
| Provisions for liabilities | 444.2 | 402.0 | 484.2 |
| Lease liabilities | 115.9 | 117.2 | 84.9 |
| Current liabilities (unlabelled subtotal) | 2,659.2 | 3,192.8 | 3,588.1 |
| Net current assets10 | 3,060.4 | 3,305.9 | 3,517.7 |
| Total assets less current liabilities11 | 7,176.6 | 7,507.7 | 8,215.4 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
Notes and alternative reported figures (10)
- “Other reserves” is an issuer-specific line, not mapped to a shared definition: Note 13: revaluation, translation and other reserves combined.
- “Treasury shares reserve” is an issuer-specific line, not mapped to a shared definition: Note 12: own shares bought back, deducted from equity.
- “Total equity and non-current liabilities” is an issuer-specific line, not mapped to a shared definition: 'Capital employed' total as printed.
- “Land and buildings” is an issuer-specific line, not mapped to a shared definition: Note 15; with plant and equipment, the property, plant and equipment of the group.
- “Plant and equipment” is an issuer-specific line, not mapped to a shared definition: Note 15.
- Printed under different labels across filings: “Right of use asset”; “Right-of-use asset”.
- “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 19; nil in the Group columns.
- “Long-term deposits” is an issuer-specific line, not mapped to a shared definition: Note 21.
- “Net current assets” is an issuer-specific line, not mapped to a shared definition: Current assets less current liabilities, as printed.
- “Total assets less current liabilities” is an issuer-specific line, not mapped to a shared definition: As printed; equals total equity and non-current liabilities.
Cash flow
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportreported for the year | FY2023Annual reportcomparative in FY2024 filing |
|---|---|---|---|
| Cash generated from operations1 | (335.4) | (364.8) | (203.3) |
| Income tax paid | (104.8) | (113.0) | (106.5) |
| Interest on lease liabilities2 | (24.8) | (29.7) | (32.6) |
| Net cash flows from operating activities | (465.0) | (507.5) | (342.4) |
| Interest received | 212.2 | 270.6 | 311.2 |
| Purchase of property, plant and equipment | (135.0) | (88.6) | (192.8) |
| Purchase of intangible assets | (4.7) | (15.9) | (19.7) |
| Proceeds from sale of property, plant and equipment | 4.2 | 14.7 | 27.3 |
| Dividends received from associate3 | 47.2 | 79.0 | 121.1 |
| Dividend received from subsidiary4 | –5 | –5 | –5 |
| Long-term deposit6 | 49.2 | 1.4 | (8.6) |
| Purchase of short-term investments7 | (662.9) | (1,028.0) | (1,157.8) |
| Proceeds from disposal of short-term investments8 | 1,033.2 | 1,177.4 | 1,660.9 |
| Short-term investments, net (unlabelled subtotal)9 | 370.3 | 149.4 | 503.1 |
| Net cash flows from investing activities | 543.4 | 410.6 | 741.6 |
| Treasury shares purchase10 | –11 | (94.4) | (291.0) |
| Principal portion of lease liabilities payment12 | (117.1) | (140.1) | (148.5) |
| Net cash flows from financing activities | (117.1) | (234.5) | (725.2) |
| Net increase/(decrease) in cash and cash equivalents13 | (38.7) | (331.4) | (326.0) |
| At start of year | 1,342.0 | 1,723.2 | 1,893.9 |
| Exchange gains/(losses) on cash and cash equivalents14 | 25.5 | (49.8) | 155.3 |
| At end of year | 1,328.8 | 1,342.0 | 1,723.2 |
| Dividend paid | Not reported in this filing15 | –11 | (285.4) |
| Dividend paid to minority16 | Not reported in this filing17 | –11 | (0.3) |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (15)
- Printed under different labels across filings: “Cash generated from operations”; “Cash used in operations”.
- Printed under different labels across filings: “Interest on lease liabilities”; “Interest on lease liability”.
- “Dividends received from associate” is an issuer-specific line, not mapped to a shared definition: Note 18.
- “Dividend received from subsidiary” is an issuer-specific line, not mapped to a shared definition: Company only; nil in the Group columns.
- “Long-term deposit” is an issuer-specific line, not mapped to a shared definition: Note 21; investing activities.
- “Purchase of short-term investments” is an issuer-specific line, not mapped to a shared definition: Note 25.
- “Proceeds from disposal of short-term investments” is an issuer-specific line, not mapped to a shared definition: Note 25.
- “Short-term investments, net (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Purchases less disposals of short-term investments.
- “Treasury shares purchase” is an issuer-specific line, not mapped to a shared definition: Note 12.
- Printed under different labels across filings: “Principal portion of lease liabilities payment”; “Principal portion of lease liability payment”.
- Printed under different labels across filings: “Net decrease in cash and cash equivalents”; “Net increase/(decrease) in cash and cash equivalents”.
- Printed under different labels across filings: “Exchange (losses)/gains on cash and cash equivalents”; “Exchange gains/(losses) on cash and cash equivalents”.
- Not reported in this filing: The 2025 cash-flow statement (p100) prints no 'Dividend paid' line for either year.
- “Dividend paid to minority” is an issuer-specific line, not mapped to a shared definition: Note 20: dividends paid to non-controlling interests.
- Not reported in this filing: The 2025 cash-flow statement (p100) prints no 'Dividend paid to minority' line for either year.
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.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | No dividend proposed | no final dividend in respect to the year ended 31 December 2025 will be proposed |
no amount | Annual report, p149 | |
| 31 Dec 2024 | No dividend proposed | no final dividend in respect to the year ended 31 December 2024 will be proposed |
no amount | Annual report, p146 | |
| 31 Dec 2024 | No dividend paid | No final dividend was paid for the year 2024 |
no amount | Annual report, p149 | |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividend paid |
0printed “–”, read as nil | KES millions | Annual report, p103 |
| 31 Dec 2023 | No dividend paid | No final dividend was paid for the year 2023 |
no amount | Annual report, p146 | |
| 31 Dec 2023 | Dividends paid (cash flow statement) | Dividend paid |
(285.4) | KES millions | Annual report, p103 |
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.
-
Nation Media Group PLC 2025 Integrated Report & Financial Statements
Year ended 31 December 2025 · Annual report · signed / final
Audit: PricewaterhouseCoopers LLP (Kenya), unmodified opinion · signed
Auditor's sign-off: PricewaterhouseCoopers LLP; engagement partner FCPA Michael Mugasa (Practicing Certificate 1478)
- Original PDF — Company website (nationmedia.com) Link checked 2026-10-07: same file as our archived copy.
Final status: Auditor's report names the engagement partner and is dated 30 April 2026 (p95); statements approved by the board on 24 April 2026 (p97); the auditor's and directors' signatures are printed in this copy (page images checked in the rc2 verification).
- Document date
- 30 Apr 2026
- Auditor's report
- 30 Apr 2026
- Board approval
- 24 Apr 2026
- Retrieved by us
- 6 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025
- Basis
- consolidated statements · KES millions (printed “Shs m”)
- The statement of financial position is in 'capital employed' form and prints no total-assets or total-liabilities line; those totals are not computed here.
Technical details
- File
- 160 pages, with a text layer
- SHA-256
0a7d9724b5521af219a0d01d2f6e5707fff0e82e127f115c1d4bb35297077177- Entity as printed
- Nation Media Group PLC and its subsidiaries (the Group)
- Issuer copy
- retrieved 2026-10-06T22:56:50Z
-
Nation Media Group PLC 2024 Annual Report & Financial Statements
Year ended 31 December 2024 · Annual report · signed / final
Audit: PricewaterhouseCoopers LLP (Kenya), unmodified opinion · signed
Auditor's sign-off: PricewaterhouseCoopers LLP; engagement partner FCPA Michael Mugasa (Practicing Certificate 1478)
- Original PDF — Company website (nationmedia.com) Link checked 2026-10-07: same file as our archived copy.
Final status: Auditor's report names the engagement partner and is dated 14 April 2025 (p94); statements approved by the board on 14 April 2025 (p99); the auditor's and directors' signatures are printed in this copy (page images checked in the rc2 verification).
- Document date
- 14 Apr 2025
- Auditor's report
- 14 Apr 2025
- Board approval
- 14 Apr 2025
- Retrieved by us
- 6 Oct 2026 (not a publication date)
- Used for
- statement columns FY2024, FY2023
- Basis
- consolidated statements · KES millions (printed “Shs m”)
- The statement of financial position is in 'capital employed' form and prints no total-assets or total-liabilities line; those totals are not computed here.
Technical details
- File
- 156 pages, with a text layer
- SHA-256
7f7d3dffa2f4e8a5c9d76ab9d1a7bf25a0bccf5ab701caa67cc1b8fb1f7807b2- Entity as printed
- Nation Media Group PLC and its subsidiaries (the Group)
- Issuer copy
- retrieved 2026-10-06T22:56:53Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
Download
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.