As most companies listed on the Botswana Stock Exchange (BSE) gear up to release half-year results for the period ended 30 June 2025, two listed juggernauts-Absa Bank Botswana and BIHL Group-are expecting different fortunes.
In a trading statement shared with shareholders, Absa said its profit before tax (PBT) is expected to be 20%-30% lower than that reported for the period ended 30 June 2025.
This translates to a reduction of between P113 million-P167 million on the P563 million PBT reported on that period.
"The decline is mainly attributed to higher impairment charges and operating expenses compared to the prior year," Absa said. The bank's full results will be released on the 16th of September.
Meanwhile, BIHL Group is expecting a PBT bump 10%-20% higher than the P182 million reported for the 30 June 2024 half-year period. This translates to an increase of P18 million-P36 million.
"Group Profit After Tax (PAT) for the same period is expected to be between 60% and 80% higher than the PAT of P89 million reported for the half-year ended 30 June 2024, representing an anticipated increase of between P53 million and P71 million," BIHL said.