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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

New African Properties

NAP · Botswana Stock Exchange · Consolidated statements

On this page
Company details
Legal name
New African Properties Limited
Listing
NAP on the Botswana Stock Exchange, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 July

Overview

Year ended 31 July 2025 · annual report, signed / final · source

  • Revenue

    BWP 258 million

    257,841 BWP thousands · p46

    Change not shown.

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    BWP 204 million

    204,156 BWP thousands · p46

    Change not shown.

  • Total assets

    BWP 1.77 billion

    1,774,731 BWP thousands · p45

    Change not shown.

  • Total equity

    BWP 1.53 billion

    1,533,257 BWP thousands · p45

    Change not shown.

  • Cash from operations

    BWP 3.18 million

    3,184 BWP thousands · p49

    Change not shown.

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.

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 BWP 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 31 Jul 2025 — annual report, signed / final; reported for the year · source
  • FY to 31 Jul 2024 — annual report, signed / final; reported for the year · source
  • FY to 31 Jul 2023 — annual report, signed / final; comparative in the FY to 31 Jul 2024 filing · source

Income statement

Income statement, BWP thousands. Columns: FY to 31 Jul 2025 — annual report (signed / final), as reported for the year; FY to 31 Jul 2024 — annual report (signed / final), as reported for the year; FY to 31 Jul 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 31 Jul 2025Annual reportreported for the yearFY to 31 Jul 2024Annual reportreported for the yearFY to 31 Jul 2023Annual reportcomparative in FY to 31 Jul 2024 filing
Revenue 257,841 239,596 239,642
Other income 3,267 4,066 4,253
Property costs1 (43,721) (38,227) (40,856)
Net rental income2 217,387 205,435 203,039
Other expenses (15,137) (14,827) (14,406)
Net rental income less other expenses (unlabelled subtotal)3 202,250 190,608 188,633
Net finance income4 6,593 4,013 3,304
Finance income 6,837 4,373 3,857
Finance expense (244) (360) (553)
Result after net finance income (unlabelled subtotal)5 208,843 194,621 191,937
Investment property fair value adjustment6 (13,318) 9,904 37,808
Financial asset receivable fair value adjustment7 1,727 (5,130) (229)
Intangible asset amortisation (881) (881) (881)
Result after fair value adjustments (unlabelled subtotal)8 196,371 198,514 228,635
Share of associate's profit 7,270 1,338 6,812
Profit before taxation 203,641 199,852 235,447
Taxation 515 4,817 (9,427)
Profit for the year attributable to linked unitholders 204,156 204,669 226,020
Currency translation differences9 (111) 16 (979)
to linked unitholders 204,045 204,685 225,041
Notes and alternative reported figures (9)
  1. “Property costs” is an issuer-specific line, not mapped to a shared definition: Note 18: property operating costs including trade receivable impairment.
  2. “Net rental income” is an issuer-specific line, not mapped to a shared definition: Revenue and other income less property costs.
  3. “Net rental income less other expenses (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal: net rental income less other expenses.
  4. “Net finance income” is an issuer-specific line, not mapped to a shared definition: Finance income less finance expense.
  5. “Result after net finance income (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal after net finance income, before fair value adjustments.
  6. “Investment property fair value adjustment” is an issuer-specific line, not mapped to a shared definition: Note 5.
  7. “Financial asset receivable fair value adjustment” is an issuer-specific line, not mapped to a shared definition: Note 8.
  8. “Result after fair value adjustments (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal before the share of associate's profit.
  9. “Currency translation differences”: mapping to a shared definition is uncertain. The only other comprehensive income line printed; no OCI total is printed.

Balance sheet

Balance sheet, BWP thousands. Columns: FY to 31 Jul 2025 — annual report (signed / final), as reported for the year; FY to 31 Jul 2024 — annual report (signed / final), as reported for the year; FY to 31 Jul 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 31 Jul 2025Annual reportreported for the yearFY to 31 Jul 2024Annual reportreported for the yearFY to 31 Jul 2023Annual reportcomparative in FY to 31 Jul 2024 filing
Investment property 1,548,666 1,559,695 1,551,482
Investment in subsidiary1 –2 –2 –2
Investment in associate 76,186 68,916 67,578
Financial asset receivable3 21,094 19,367 24,497
Intangible asset 740 1,621 2,502
Rent straight line adjustment4 28,800 26,148 24,088
Total non-current assets 1,675,486 1,675,747 1,670,147
Trade and other receivables 12,117 10,721 21,796
Rent straight line adjustment - current portion5 3,651 2,321 7,930
Tax receivable 2,724 2,257 1,850
Fixed deposits and money market funds67 73,342 70,362 46,247
Cash and cash equivalents 7,411 8,219 18,185
Total current assets 99,245 93,880 96,008
TOTAL ASSETS 1,774,731 1,769,627 1,766,155
Linked units8 871,824 871,824 871,824
Foreign currency translation reserve9 (13,770) (13,659) (13,675)
Retained income 675,203 672,432 662,863
Total equity 1,533,257 1,530,597 1,521,012
Deferred tax liability 103,344 107,493 115,595
Total non-current liabilities 103,344 107,493 115,938
Trade and other payables 32,189 30,384 27,923
Distributions payable10 105,373 100,511 96,749
Taxation payable 568 299 534
Borrowings - current portion –11 343 3,999
Total current liabilities 138,130 131,537 129,205
TOTAL EQUITY AND LIABILITIES 1,774,731 1,769,627 1,766,155
Borrowings Not reported in this filing12 –13 343
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (10)
  1. “Investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 6 (nil at group level).
  2. “Financial asset receivable” is an issuer-specific line, not mapped to a shared definition: Note 8: non-current financial asset receivable at fair value.
  3. “Rent straight line adjustment” is an issuer-specific line, not mapped to a shared definition: Non-current operating lease straight-line rental asset.
  4. “Rent straight line adjustment - current portion” is an issuer-specific line, not mapped to a shared definition: Current portion of the straight-line rental asset.
  5. “Fixed deposits and money market funds” is an issuer-specific line, not mapped to a shared definition: Note 11: current fixed deposits and money market funds.
  6. Printed under different labels across filings: “Deposits in money market funds”; “Fixed deposits and money market funds”.
  7. “Linked units” is an issuer-specific line, not mapped to a shared definition: Note 12: stated capital and the debentures linked to each share (linked units).
  8. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  9. “Distributions payable” is an issuer-specific line, not mapped to a shared definition: Note 24: distributions payable to linked unitholders.
  10. Not reported in this filing: Not printed: the 2025 statement of financial position (p45) has no non-current borrowings line; non-current liabilities are deferred tax only, and current borrowings show a dash (checked on the page image).

Cash flow

Cash flow, BWP thousands. Columns: FY to 31 Jul 2025 — annual report (signed / final), as reported for the year; FY to 31 Jul 2024 — annual report (signed / final), as reported for the year; FY to 31 Jul 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 31 Jul 2025Annual reportreported for the yearFY to 31 Jul 2024Annual reportreported for the yearFY to 31 Jul 2023Annual reportcomparative in FY to 31 Jul 2024 filing
Cash generated from operations 196,986 195,145 189,174
Finance expense1 (244) (360) (553)
Finance income2 6,837 4,373 3,857
Dividends received3 –4 –4 –4
Distributions paid to linked unitholders5 (196,523) (191,338) (180,587)
Taxation paid (3,872) (3,934) (3,738)
Net cash flows from operating activities 3,184 3,886 8,153
Net flows related to investment property67 (1,739) 1,739 –8
Movement in related party receivable9 1,070 12,523 22,789
Movement in fixed deposits and money market funds1011 (2,980) (24,115) (21,187)
Net cash flows from investing activities (3,649) (9,853) 1,602
Borrowings decreased (343) (3,999) (3,797)
Net cash flows from financing activities (343) (3,999) (3,797)
Net change in cash and cash equivalents (808) (9,966) 5,958
Cash and cash equivalents at beginning of year 8,219 18,185 12,227
Cash and cash equivalents at end of year 7,411 8,219 18,185
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (9)
  1. “Finance expense” is an issuer-specific line, not mapped to a shared definition: Finance expense paid, operating activities.
  2. “Finance income” is an issuer-specific line, not mapped to a shared definition: Finance income received, operating activities.
  3. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Operating activities (nil at group level).
  4. “Distributions paid to linked unitholders” is an issuer-specific line, not mapped to a shared definition: Note 24: distributions (dividend and debenture interest) to linked unitholders, operating activities.
  5. “Net flows related to investment property” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 5).
  6. Printed under different labels across filings: “Investment property movements”; “Net flows related to investment property”.
  7. “Movement in related party receivable” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 10).
  8. “Movement in fixed deposits and money market funds” is an issuer-specific line, not mapped to a shared definition: Investing activities (net of deposits and withdrawals).
  9. Printed under different labels across filings: “Movement in deposit in money market funds”; “Movement in fixed deposits and money market funds”.

Per share and shares

Per share and shares. Columns: FY to 31 Jul 2025 — annual report (signed / final), as reported for the year; FY to 31 Jul 2024 — annual report (signed / final), as reported for the year; FY to 31 Jul 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 31 Jul 2025Annual reportreported for the yearFY to 31 Jul 2024Annual reportreported for the yearFY to 31 Jul 2023Annual reportcomparative in FY to 31 Jul 2024 filing
Earnings / (loss) per share (per share)4 0.33781 0.33862 0.37403
Shares in issue at year end (shares)65 604,397,124 thousand 604,397,124 thousand 604,397,124 thousand
  1. Printed as 33.78 Thebe; value converted to BWP at 100 Thebe = 1 BWP.
  2. Printed as 33.86 Thebe; value converted to BWP at 100 Thebe = 1 BWP.
  3. Printed as 37.40 Thebe; value converted to BWP at 100 Thebe = 1 BWP.
Notes and alternative reported figures (3)
  1. Earnings / (loss) per share: printed as “linked unitholders”.
  2. “Units in issue at end of year”: mapping to a shared definition is uncertain. Linked units in issue (one ordinary share indivisibly linked to one debenture).
  3. Shares in issue at year end: printed as “Units in issue at end of 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.

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.

  • New African Properties Limited Integrated Annual Report 2025

    Year ended 31 July 2025 · Annual report · signed / final

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

    Auditor's sign-off: Grant Thornton; Practicing member: Aswin Vaidyanathan (CAP 0016 2025)

    Final status: Independent auditor's report on the consolidated and separate annual financial statements ('set out on pages 45 to 84') signed with the handwritten firm signature 'Grant Thornton' over 'Grant Thornton, Firm of Certified Auditors, Practicing member: Aswin Vaidyanathan (CAP 0016 2025)', dated 23 October 2025, Gaborone (PDF p44, page image). Statements approved by the Board on 23 October 2025 and signed by TLJ Mynhardt (Chairman) and LJ Mynhardt (Managing Director) (PDF p38, page image).

    Document date
    23 Oct 2025
    Auditor's report
    23 Oct 2025
    Board approval
    23 Oct 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Jul 2025
    Basis
    consolidated statements · BWP thousands (printed “P'000”)
    • The labels 'Comprehensive income for the year attributable to linked unitholders' and 'Basic and diluted earnings per unit attributable to linked unitholders' are printed over two lines beside the page's vertical margin title; they are read from their second line ('to linked unitholders', 'linked unitholders'), the printing that carries the figures (p46, checked on the render).
    • The statement of comprehensive income prints three unlabelled subtotals (202 250 after other expenses; 208 843 after net finance income; 196 371 after fair value adjustments and amortisation, 2025 Group, p46), recorded as issuer-native subtotals. Sub-lines of revenue, property costs, investment property and fair value adjustments, and the cash flow statement's adjustments and working-capital lines are not transcribed. No total liabilities line is printed.
    • Basic and diluted earnings per linked unit are printed in thebe (33.78; 2024: 33.86, Group, p46) and stored in pula (÷100) with the printed figure kept. Units in issue (604 397 124) are linked units: one ordinary share indivisibly linked to one debenture. Taxation is a credit in both years (515; 2024: 4 817).
    • Group dashes read as nil, confirmed by printed totals: investment in subsidiary, dividends received, borrowings - current portion 2025.
    Technical details
    File
    95 pages, with a text layer
    SHA-256
    b1bd1c19cfda2ea997c60d8ef1db17aced28260246555982d575dfdcc61b563c
    Entity as printed
    New African Properties Limited
    Exchange copy
    retrieved 2026-10-08T18:14:28Z

  • New African Properties Limited Integrated Annual Report 2024

    Year ended 31 July 2024 · Annual report · signed / final

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

    Auditor's sign-off: Grant Thornton; Practicing member: Aswin Vaidyanathan (CAP 0016 2024)

    Final status: Independent auditor's report on the consolidated and separate annual financial statements signed with the handwritten firm signature 'Grant Thornton' over 'Grant Thornton, Firm of Certified Auditors, Practicing member: Aswin Vaidyanathan (CAP 0016 2024)', dated 23 October 2024, Gaborone (PDF p41, page image). Statements approved by the Board on 23 October 2024 and signed (handwritten) by TLJ Mynhardt (Chairman) and LJ Mynhardt (Managing Director) (PDF p35, page image).

    Document date
    23 Oct 2024
    Auditor's report
    23 Oct 2024
    Board approval
    23 Oct 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Jul 2024, FY to 31 Jul 2023
    Basis
    consolidated statements · BWP thousands (printed “P'000”)
    • The labels 'Profit for the year attributable to linked unitholders', 'Comprehensive income for the year attributable to linked unitholders' and 'Basic and diluted earnings per unit attributable to linked unitholders' are printed over two lines; the total comprehensive income and EPS rows are read from their second line ('to linked unitholders', 'linked unitholders'), the printing that carries the figures (p43).
    • The statement of comprehensive income prints three unlabelled subtotals (190 608 after other expenses; 194 621 after net finance income; 198 514 after fair value adjustments and amortisation, 2024 Group, p43), recorded as issuer-native subtotals. Sub-lines of revenue, property costs, investment property and fair value adjustments, and the cash flow statement's adjustments, working-capital, deposit and withdrawal lines are not transcribed. No total liabilities line is printed.
    • Basic and diluted earnings per linked unit are printed in thebe (33.86; 2023: 37.40, Group, p43) and stored in pula (÷100) with the printed figure kept. Units in issue (604 397 124) are linked units. Taxation is a credit in 2024 (4 817) and a charge in 2023 ((9 427)).
    • Group dashes read as nil, confirmed by printed totals: investment in subsidiary (both years), non-current borrowings 2024, dividends received (both years), investment property movements 2023.
    Technical details
    File
    92 pages, with a text layer
    SHA-256
    670954d379b301cc1127d022d05efb97887edc5522345b9744db5f5572f5b678
    Entity as printed
    New African Properties Limited
    Exchange copy
    retrieved 2026-10-08T18:15:22Z

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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