Letshego Africa Holdings has signaled a mixed financial performance for the year ended December 2025, with strong underlying profitability offset by a significantly wider overall loss driven by a planned asset disposal across parts of its African footprint.
According to a cautionary announcement issued on 24 March, the Botswana-listed microlender expects its loss after tax to widen by between 95% and 105%, reaching approximately P89 million to P98 million, compared to a P93 million loss recorded in 2024.
This deterioration, however, is largely attributed to a once-off impairment charge linked to subsidiaries earmarked for sale in East and West Africa, as the group applies IFRS 5 accounting standards for assets held for sale.
Beneath this headline loss, Letshego’s core operations appear to be strengthening. The group’s continuing operations are expected to deliver a profit after tax of between P221 million and P227 million—representing a surge of 360% to 370% compared to P61 million in the prior year.
The company attributed this growth to solid loan book expansion across most markets, supported by its long-standing deduction-at-source lending model and increasing traction in mobile lending products.
The results come as Letshego enters the final stages of negotiations with a potential buyer for some of its regional assets, a transaction that could materially reshape its geographic footprint and financial profile.
While the company cautioned that there is no guarantee the deal will materialise, it noted that operations across all subsidiaries continue uninterrupted.