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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) (16 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

Olympia Capital

OLYMPIA · Botswana Stock Exchange · Consolidated statements

On this page
Company details
Legal name
Olympia Capital Corporation Limited
Listing
OLYMPIA on the Botswana Stock Exchange, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

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

Read with these figures

  • Going-concern warning in the FY2024 auditor's report. Material uncertainty related to going concern (Forvis Mazars, p5); shown with the FY2024 column.
  • FY2025 auditor's opinion. Unmodified opinion, with no 'material uncertainty related to going concern' section (Forvis Mazars, p26).
  • Auditor's emphasis of matter. Key audit matters (p26): the auditor writes 'In addition to the matter described in the Material Uncertainty Related to Going Concern section, we have determined the matters described below to be the key audit matters', but no 'Material Uncertainty Related to Going Concern' section is printed in the report (pp26-30, renders checked); the opinion is unmodified and the directors call it an 'unqualified audit report' (p25).
Full wording and sources

  • Auditor's report, year to 2024-12-31: material uncertainty related to going concern

    Material uncertainty related to going concern. We draw attention to Note 32 to the separate annual financial statements, which indicates that during the year ended 31 December 2024 the company had accumulated losses of P29,027,924 (2023: P31,668,238) and, as of that date, the company's total liabilities exceed its total assets by P1,224,729 (2023: P3,865,043). As stated in Note 32, these events or conditions, along with other matters as set forth in Note 32, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

    Source: Olympia Capital Corporation Limited Consolidated and Separate Annual Financial Statements for the year ended 31 December 2024, p5 (dated 2025-03-27)

  • Auditor's opinion, year to 2025-12-31

    “In our opinion, the consolidated and separate annual financial statements presents fairly, in all material respects, the consolidated and separate financial position of Olympia Capital Corporation Limited as at 31 December 2025, and of its consolidated and separate financial performance and its consolidated and separate cash flows for the year then ended in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board.”. The report has no 'material uncertainty related to going concern' section.

    Source: Olympia Capital Corporation Limited Integrated Report 2025, p26 (dated 2026-03-30)

  • Auditor's emphasis of matter

    Key audit matters (p26): the auditor writes 'In addition to the matter described in the Material Uncertainty Related to Going Concern section, we have determined the matters described below to be the key audit matters', but no 'Material Uncertainty Related to Going Concern' section is printed in the report (pp26-30, renders checked); the opinion is unmodified and the directors call it an 'unqualified audit report' (p25). audit_paragraph_as_printed is left empty because no such paragraph is printed; the controller may wish to note this inconsistency.

    Source: Olympia Capital Corporation Limited Integrated Report 2025 (dated 2026-03-30)

  • Revenue

    BWP 45.6 million

    45,616,524 BWP units · p32

    −6.9% vs 2024

  • Operating profit / (loss)

    BWP 2.50 million

    2,497,755 BWP units · p32

    −48.3% vs 2024

  • Profit / (loss) for the year

    BWP 1.30 million

    1,300,926 BWP units · p32

    −64.4% vs 2024

  • Total assets

    BWP 79.5 million

    79,518,975 BWP units · p31

    +6.0% vs 2024

  • Total equity

    BWP 64.0 million

    63,967,438 BWP units · p31

    +7.8% vs 2024

  • Cash from operations

    −BWP 1.94 million

    (1,936,794) BWP units · p35

    −132.6% 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

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
    • Auditor's report, year to 2024-12-31: material uncertainty related to going concern. Material uncertainty related to going concern. We draw attention to Note 32 to the separate annual financial statements, which indicates that during the year ended 31 December 2024 the company had accumulated losses of P29,027,924 (2023: P31,668,238) and, as of that date, the company's total liabilities exceed its total assets by P1,224,729 (2023: P3,865,043). As stated in Note 32, these events or conditions, along with other matters as set forth in Note 32, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
  • FY2023 — audited financial statements, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, BWP units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingsource limitationsFY2023Audited financial statementscomparative in FY2024 filing
Revenue 45,616,524 49,000,499 46,617,516
Cost of sales (28,288,316) (32,228,331) (31,934,468)
Gross profit 17,328,208 16,772,168 14,683,048
Other income 1,187,651 1,385,192 1,115,984
Other expenses (16,588,834) (14,579,993) (12,457,052)
Other gains and (losses)1 570,730 1,253,774 (24,035)
Profit / (loss) from operating activities 2,497,755 4,831,141 3,317,945
Finance income 134,693 76,031 55,591
Finance costs (750,024) (334,523) (171,460)
Profit before tax 1,882,424 4,572,649 3,202,076
Income tax expense (581,498) (914,537) (950,981)
Profit for the year 1,300,926 3,658,112 2,251,095
Gains on revaluation2 3,346,799 –3 Not reported in this filing4
Total other comprehensive income net of tax 3,346,799 –5 Not reported in this filing6
Total comprehensive income 4,647,725 3,658,112 Not reported in this filing6
  1. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (4)
  1. “Other gains and (losses)” is an issuer-specific line, not mapped to a shared definition: Note 25.
  2. “Gains on revaluation” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income not reclassified to profit or loss.
  3. Not reported in this filing: Not printed: the 2024 statement of profit or loss (p11) ends at profit for the year and earnings per share; it prints no other-comprehensive-income items for 2023.
  4. Not reported in this filing: Not printed: the statement ends at profit for the year (p11).

Balance sheet

Balance sheet, BWP units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingsource limitationsFY2023Audited financial statementscomparative in FY2024 filing
Property, plant and equipment 32,250,847 28,306,972 21,651,365
Investment property 16,600,000 16,350,000 15,317,000
Intangible assets 1,284,488 1,284,488 1,284,488
Investments in subsidiaries1 –2 –2 –2
Other financial assets3 640,000 520,000 390,000
Total non-current assets 50,775,335 46,461,460 38,642,853
Inventories 14,326,003 13,250,034 14,028,884
Trade and other receivables 10,314,723 7,500,548 8,087,128
Current tax assets –4 480,524 672,674
Cash and cash equivalents 4,102,914 7,319,390 2,840,369
Total current assets 28,743,640 28,550,496 25,629,055
Total assets 79,518,975 75,011,956 64,271,908
Stated capital 27,803,195 27,803,195 27,803,195
Retained income / (accumulated loss) 20,023,659 18,722,733 15,064,621
Revaluation reserve 16,140,584 12,793,785 12,793,785
Total equity 63,967,438 59,319,713 55,661,601
Deferred tax liabilities 4,040,216 4,029,955 3,659,162
Bank loans 7,466,257 7,304,755 741,178
Total non-current liabilities 11,506,473 11,334,710 4,400,340
Trade and other payables 1,805,051 2,778,587 2,239,726
Current tax liabilities 439,443 –5 Not reported in this filing6
Bank loans 875,024 905,024 589,164
Loan from group company7 –5 –5 –5
Bank overdraft 925,546 673,922 1,381,077
Total current liabilities 4,045,064 4,357,533 4,209,967
Total liabilities 15,551,537 15,692,243 8,610,307
Total equity and liabilities 79,518,975 75,011,956 64,271,908
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (4)
  1. “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 8 (nil at group level).
  2. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 14: non-current other financial assets.
  3. Not reported in this filing: Not printed: the statement of financial position (p10) has no current-tax-payable line for 2023; it shows current tax assets (672,674).
  4. “Loan from group company” is an issuer-specific line, not mapped to a shared definition: Note 21: current liability (nil at group level).

Cash flow

Cash flow, BWP units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingsource limitationsFY2023Audited financial statementscomparative in FY2024 filing
Net cash flows (used in) / from operations1 (1,670,193) 6,547,108 2,199,413
Interest paid (750,024) (334,523) (171,460)
Interest received 134,693 76,031 55,591
Income taxes refunded / (paid)2 348,730 (351,594) (1,362,396)
Net cash flows (used in) / from operating activities3 (1,936,794) 5,937,022 721,148
Proceeds from sales of property, plant and equipment 560,312 8,000 –4
Purchase of property, plant and equipment (2,406,753) (7,727,746) (278,341)
Purchase of other financial assets5 (120,000) (130,000) (110,000)
Dividends received6 –4 –4 –4
Cash flows (used in) / from investing activities (1,966,441) (7,849,746) (388,341)
Proceeds from other financial liabilities7 131,502 6,879,437 –8
Repayments of other financial liabilities9 –8 –8 (612,831)
Cash flows from / (used in) financing activities 131,502 6,879,437 (612,831)
Net (decrease) / increase in cash and cash equivalents before effect of exchange rate changes10 (3,771,733) 4,966,713 (280,024)
Effect of exchange rate changes on cash and cash equivalents 303,633 219,463 (452,799)
Net (decrease) / increase in cash and cash equivalents1112 (3,468,100) 5,186,176 (732,823)
Cash and cash equivalents at beginning of the year 6,645,468 1,459,292 2,192,115
Cash and cash equivalents at end of the year 3,177,368 6,645,468 1,459,292
  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 (10)
  1. Printed under different labels across filings: “Net cash flows (used in) / from operations”; “Net cash flows from / (used in) operations”.
  2. Printed under different labels across filings: “Income taxes paid”; “Income taxes refunded / (paid)”.
  3. Printed under different labels across filings: “Net cash flows (used in) / from operating activities”; “Net cash flows from / (used in) operating activities”.
  4. “Purchase of other financial assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  5. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Investing activities (nil at group level).
  6. “Proceeds from other financial liabilities” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  7. “Repayments of other financial liabilities” is an issuer-specific line, not mapped to a shared definition: Financing activities (nil at group level).
  8. Printed under different labels across filings: “Net (decrease) / increase in cash and cash equivalents before effect of exchange rate changes”; “Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes”.
  9. “Net (decrease) / increase in cash and cash equivalents” is an issuer-specific line, not mapped to a shared definition: Net change in cash after the effect of exchange rate changes.
  10. Printed under different labels across filings: “Net (decrease) / increase in cash and cash equivalents”; “Net increase / (decrease) in cash and cash equivalents”.

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.

  • Olympia Capital Corporation Limited Integrated Report 2025

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

    Audit: Forvis Mazars (Certified Auditors), Gaborone, unmodified opinion · signed

    Auditor's sign-off: Forvis Mazars; Practicing member: Devaprasad Arakkal (0036 2026)

    Final status: Independent auditor's report on the consolidated and separate annual financial statements ('set out on pages 31 to 77'), signed with the handwritten firm signature 'Forvis Mazars' over 'Forvis Mazars, Certified Auditors, Practicing member: Devaprasad Arakkal, Membership number: 0036 2026', Gaborone, with the handwritten date 30/03/2026 (PDF p30, page image). Statements approved by the directors and signed on 25 March 2026 by two directors whose names are not printed (two handwritten signatures over 'Director', PDF p25, page image).

    Document date
    30 Mar 2026
    Auditor's report
    30 Mar 2026
    Board approval
    25 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · BWP units (printed “Figures in P”)
    • Directory name 'Olympia Capital Corporation (Botswana) Limited'; the document prints 'Olympia Capital Corporation Limited (Registration Number BW00002007272)', country of incorporation Botswana (p24). No former name or '(Botswana)' form is printed. Same BSE-listed issuer (the report is the BSE filing, with the AGM notice and proxy form, pp78-80).
    • The text layer of pp24-35 carries hidden text of the following page (and covered page references 'pages 4 to 6', 'pages 9 to 55' beneath the printed 'pages 26 to 30', 'pages 31 to 77'); renders show each statement on one page (balance sheet p31, profit or loss p32, cash flows pp35-36). The auditor's report text (p26) still reads 'set out on pages 9 to 55' in the text layer where the render shows '31 to 77'.
    • Basic earnings per share is printed as 2.02 (2024: 5.68) under 'Figures in P' with no unit (p32; note 30, p70); with profit of P1,300,926 and 64,349,985 weighted shares the figure is in thebe, but the unit is not printed: not transcribed (gap). The cash flow statement's adjustments and working-capital lines are not transcribed.
    • Group dashes read as nil, confirmed by printed totals: investments in subsidiaries, current tax assets 2025, current tax liabilities 2024, loan from group company, dividends received, repayments of other financial liabilities, OCI 2024.
    Technical details
    File
    80 pages, with a text layer
    SHA-256
    6fc59526c56f8f0654388b03d19cd936de12dff8e4ced358772455757f92dc1a
    Entity as printed
    Olympia Capital Corporation Limited (Registration Number BW00002007272)
    Exchange copy
    retrieved 2026-10-08T18:13:24Z

  • Olympia Capital Corporation Limited Consolidated and Separate Annual Financial Statements for the year ended 31 December 2024

    Year ended 31 December 2024 · Audited financial statements · signed / final

    Audit: Forvis Mazars (Certified Auditors), Gaborone, unmodified opinion · signed · includes a material-uncertainty paragraph

    Auditor's sign-off: Forvis Mazars; Practicing member: Devaprasad Arakkal (0036 2025)

    Final status: Independent auditor's report on the consolidated and separate annual financial statements ('set out on pages 9 to 50'), signed with the handwritten firm signature 'Forvis Mazars' over 'Forvis Mazars, Certified Auditors, Practicing member: Devaprasad Arakkal, Membership number: 0036 2025', Gaborone, with the handwritten date 27/03/2025 (PDF p9, page image). The directors' responsibilities and approval page (a scan without text layer, PDF p4) states the statements were approved by the directors and signed on 26 March 2025; two handwritten signatures over 'Director', names not printed (page image).

    Document date
    27 Mar 2025
    Auditor's report
    27 Mar 2025
    Board approval
    26 Mar 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · BWP units (printed “Figures in P”)
    • Directory name 'Olympia Capital Corporation (Botswana) Limited'; the document prints 'Olympia Capital Corporation Limited (Registration Number BW00002007272)', country of incorporation Botswana (p1, p3). Same registration number as the FY2025 report already transcribed (fin-r6-w02/olympia_fy2025); BSE filing.
    • No other comprehensive income section or total comprehensive income is printed on the statement of profit or loss and other comprehensive income (p11, page image): it ends at profit for the year and EPS. Cash and cash equivalents at end of the year in the cash flow statement (6,645,468) is net of the bank overdraft (7,319,390 less 673,922 on the balance sheet, p10).
    • Basic earnings per share is printed as 5.68 (2023: 3.50) under 'Figures in P' with no unit (p11, note 30); the unit is not printed: not transcribed (gap), as in the FY2025 spec. The cash flow statement's adjustments and working-capital lines are not transcribed. The auditor's report refers to the 'consolidated and separate statement of comprehensive income'; the page is headed 'Statements of Profit or Loss and Other Comprehensive Income'.
    • Group dashes read as nil, confirmed by printed totals: investments in subsidiaries, loan from group company, dividends received, repayments of other financial liabilities 2024, proceeds of other financial liabilities 2023, proceeds from sales of PPE 2023.
    Technical details
    File
    51 pages, with a text layer
    SHA-256
    2618c421565d867dccba34252afd676abea39570292708015d5e7690d7f2c1c9
    Entity as printed
    Olympia Capital Corporation Limited (Registration Number BW00002007272)
    Exchange copy
    retrieved 2026-10-08T18:15:48Z

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) (16 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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