Letlole La Rona Limited (LLR) expects a sharp rise in full-year profit, with pre-tax earnings projected to increase by as much as 225% for the year ended 30 June 2025.
In a trading update, the Botswana Stock Exchange-listed group said profit before tax from continuing operations is set to reach between P88.3 million and P92.4 million, up from P41.1 million a year earlier.
The company attributed the improvement to the absence of a once-off P101.1 million credit loss it recorded in the prior year linked to its non-performing Kenyan associate.
“The strength of our core operations has shone through, demonstrating the robustness of our strategy and the sustainability of our earnings going forward,” the board said.
LLR’s 2025 performance was underpinned by its 100% Botswana-based portfolio, which maintained an average occupancy rate of 97.4% and rental collections of 98%. The company said these figures highlight the resilience and quality of its assets, despite challenging macroeconomic conditions.
As part of its strategic refocus, the group has resolved to exit its investment in Orbit Africa Logistics in Kenya, which has now been fully written off. LLR said it is actively exploring exit options while doubling down on its thriving local portfolio.