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Listed paint manufacturer, Crown Paints PLC, has posted a 483% spike in net profit to KSh 437 million from KSh 75 million for the same period in 2024, lifting earnings per share to KSh 3.07 from 0.53.
- Profit before tax climbed to KSh 548 million, a near fourfold increase, and while revenue was up 20% at KSh 7.41 billion, supported by higher sales volumes across key markets.
- The balance sheet showed growth in assets and stronger liquidity with total assets expanding 10.3% year-on-year to KSh 8.93 billion, current assets rising to KSh 6.47 billion from KSh 5.80 billion, while cash reserves stand at KSh 635 million compared to only KSh 89 million a year ago.
- The company has said that the performance reflects stronger demand conditions and improved operating efficiency, and expects the gains to carry through into the full year.
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Crown Paints H1 2025 Financial Highlights
| Metric | Jun 30, 2025 | Jun 30, 2024 | YoY % |
|---|---|---|---|
| Revenue | 7.41 Bn | 6.20 Bn | 🟢 +19.6% |
| Profit Before Tax | 548 Mn | 147 Mn | 🟢 +272.8% |
| Net Profit | 437 Mn | 75 Mn | 🟢 +482.7% |
| EPS (KES) | 3.07 | 0.53 | 🟢 +479% |
| Total Assets | 8.93 Bn | 8.10 Bn | 🟢 +10.3% |
| Current Assets | 6.47 Bn | 5.80 Bn | 🟢 +11.5% |
| Total Equity | 3.62 Bn | 3.17 Bn | 🟢 +14.2% |
| Total Liabilities | 5.31 Bn | 4.93 Bn | 🟢 +7.9% |
| Cash & Cash Equivalents | 635 Mn | 89 Mn | 🟢 +614% |
| Net Cash from Operating Activities | 1.15 Bn | -143 Mn | 🟢 Turnaround |
| Net Cash used in Investing | -190 Mn | -83 Mn | 🔴 |
Crown Paint’s equity increased 14.2% to KSh 3.62 billion. The improvement in cash position was driven by KSh 1.15 billion in net operating cash flows, reversing a deficit of KSh 143 million in the prior year.
Liabilities increased 7.9% to KSh 5.31 billion. Financing cash flows swung negative at KSh 644 million versus an inflow of KSh 140 million last year, reflecting repayments and reduced borrowing. Investment spending also rose to KSh 190 million, showing the group’s continued capital allocation to growth and infrastructure.
The board did not declare an interim dividend for the half year.