LAHL was incorporated in 1998, is headquartered in Gaborone and has been publicly listed on the Botswana Stock Exchange (BSE) since 2002. LAHL is a pan-African financial institution offering microfinance and consumer lending solutions across eleven subsidiaries in sub-Saharan Africa.
In terms of section 5.4(c) of the Botswana Stock Exchange Equity Listings Requirements, an issuer is required to publish a cautionary announcement as soon as it is satisfied that a reasonable degree of certainty exists that the expected financial results for the upcoming period to be reported upon will differ by at least 10% from the most recent financial results for the previous corresponding period.
Following the Company’s previous updates to shareholders regarding the ongoing final negotiations with a potential counterparty for the sale of some of its assets in East and West Africa, the Group has performed the required International Financial Reporting Standards (IFRS) assessment of the potential financial impact of this proposed transaction.
The proposed transaction meets the requirements of IFRS 5: Non-current Assets Held for Sale and Discontinued Operations, and the associated accounting treatment has been reflected in the Group’s financial results for the year ended 31 December 2025. Should negotiations be successful, the transaction would be subject to regulatory approvals and any relevant disclosure requirements of the BSE Equity Listings Requirements.
As a result of applying IFRS 5, the Group recognized a once off impairment related to the subsidiaries earmarked for sale. The Group is expected to record a loss after taxation of between 95% and 105% (P89 million to P98 million) higher than the Loss after taxation for the audited financial statements for the year ended 31 December 2024 of P93 million.
The Group’s continuing operations recorded a Profit after Taxation of between 360% and 370% (P221 million to P227 million) higher than the year ended 31 December 2024 of P61 million.
Letshego Africa’s business fundamentals remain strong, with loan book and profitability growth across most markets. Growth is supported by the mainstay Deduction at Source product, complemented by momentum in the Mobile Lending offering.
The Group’s audited financial results for the year ended 31 December 2025 will be released on or before 31 March 2026. Shareholders are reminded to exercise caution when trading in the Company’s securities until the conclusion of the ongoing negotiations and the release of further updates.
By order of the Letshego Africa Holdings Limited Board
24th March 2026
