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Listed entertainment and events manager, Homeboyz Entertainment PLC has reported a net loss of KSh 11.5 million for the half year ended June 30, 2025, from the KSh 24.5 million loss recorded a year earlier.
- •The company listed on the NSE’s Growth and Enterprise Market Segment (GEMS) in December 2020.
- •Soon after, it was granted exemptions from trading as COVID-19 restrictions crippled its events business.
- •In June 2023, its shares finally began trading, recording KSh 15.5 million in turnover on debut, before liquidity dried up.
H1 2025 Performance
Revenue surged 54% year-on-year to KSh 149.3 million, up from KSh 97.0 million in H1 2024, driven by a rebound in event activity. Gross profit rose 55% to KSh 54.3 million. Operating losses narrowed, with the deficit falling to KSh 10.4 million from KSh 22.4 million.
Net finance costs halved to KSh 1.1 million. As a result, the net loss improved by 53%. Total assets stood at KSh 155.9 million, slightly lower than the KSh 161.6 million a year earlier.
Crucially, equity turned positive at KSh 16.1 million, reversing a negative position of KSh 22.3 million in June 2024. Operating cash flow swung into the black at KSh 5.0 million compared with a KSh 13.7 million outflow a year ago.
For real time market updates and analysis, join our WhatsApp Channel.| Metric | Jun 30 2025 | Jun 30 2024 | YoY % |
|---|---|---|---|
| Turnover | 149.29 Mn | 97.01 Mn | 🟢 +54.0% |
| Direct Costs | 95.04 Mn | 62.07 Mn | 🔴 +53.1% |
| Gross Profit | 54.25 Mn | 34.94 Mn | 🟢 +55.2% |
| Personnel Costs | 27.24 Mn | 23.41 Mn | 🔴 +16.4% |
| Admin & Other Opex | 37.40 Mn | 33.94 Mn | 🔴 +10.2% |
| Net Operating Deficit | -10.44 Mn | -22.41 Mn | 🟢 ▼53.4% |
| Finance Costs | 1.07 Mn | 2.11 Mn | 🟢 ▼49.3% |
| Net Deficit After Tax | -11.51 Mn | -24.52 Mn | 🟢 ▼53.1% |
| EPS (Basic & Diluted) | -0.18 | -0.39 | 🟢 Improved |
| Total Assets | 155.94 Mn | 161.58 Mn | 🔴 -3.5% |
| Total Equity | 16.08 Mn | -22.25 Mn | 🟢 Turned Positive |
| Current Liabilities | 139.86 Mn | 182.06 Mn | 🟢 -23.2% |
| Net Cash from Ops | 5.01 Mn | -13.73 Mn | 🟢 Swing to Positive |
| Closing Cash | 1.96 Mn | -4.85 Mn | 🟢 Swing to Positive |
Over the years Financials
Homeboyz’s financial record over the last six years reflects volatility tied to the pandemic and recovery phases.
- •In 2019, the company posted revenues of KSh 311.5 million and a net profit of KSh 36.6 million.
- •The pandemic year of 2020 saw revenues collapse to KSh 105.9 million, producing a KSh 22.5 million net loss. Losses continued in 2021, when the company booked a KSh 17.4 million deficit.
- •A sharp turnaround followed in 2022, with revenues surging to KSh 366.7 million and net profit reaching KSh 10.7 million.
But in 2023, momentum faltered as revenues dropped to KSh 178.5 million and losses widened to KSh 57.5 million. Stability returned in 2024, when revenues rose 73% to KSh 309.2 million and net profit came in at KSh 25.3 million, turning equity positive for the first time since the listing.