Listed entertainment and events manager, Homeboyz Entertainment PLC has reported a net loss of KSh 11.5 million for the half year ended June 30, 2025, from the KSh 24.5 million loss recorded a year earlier.
Revenue surged 54% year-on-year to KSh 149.3 million, up from KSh 97.0 million in H1 2024, driven by a rebound in event activity. Gross profit rose 55% to KSh 54.3 million. Operating losses narrowed, with the deficit falling to KSh 10.4 million from KSh 22.4 million.
Net finance costs halved to KSh 1.1 million. As a result, the net loss improved by 53%. Total assets stood at KSh 155.9 million, slightly lower than the KSh 161.6 million a year earlier.
Crucially, equity turned positive at KSh 16.1 million, reversing a negative position of KSh 22.3 million in June 2024. Operating cash flow swung into the black at KSh 5.0 million compared with a KSh 13.7 million outflow a year ago.
| Metric | Jun 30 2025 | Jun 30 2024 | YoY % |
|---|---|---|---|
| Turnover | 149.29 Mn | 97.01 Mn | 🟢 +54.0% |
| Direct Costs | 95.04 Mn | 62.07 Mn | 🔴 +53.1% |
| Gross Profit | 54.25 Mn | 34.94 Mn | 🟢 +55.2% |
| Personnel Costs | 27.24 Mn | 23.41 Mn | 🔴 +16.4% |
| Admin & Other Opex | 37.40 Mn | 33.94 Mn | 🔴 +10.2% |
| Net Operating Deficit | -10.44 Mn | -22.41 Mn | 🟢 ▼53.4% |
| Finance Costs | 1.07 Mn | 2.11 Mn | 🟢 ▼49.3% |
| Net Deficit After Tax | -11.51 Mn | -24.52 Mn | 🟢 ▼53.1% |
| EPS (Basic & Diluted) | -0.18 | -0.39 | 🟢 Improved |
| Total Assets | 155.94 Mn | 161.58 Mn | 🔴 -3.5% |
| Total Equity | 16.08 Mn | -22.25 Mn | 🟢 Turned Positive |
| Current Liabilities | 139.86 Mn | 182.06 Mn | 🟢 -23.2% |
| Net Cash from Ops | 5.01 Mn | -13.73 Mn | 🟢 Swing to Positive |
| Closing Cash | 1.96 Mn | -4.85 Mn | 🟢 Swing to Positive |
Homeboyz’s financial record over the last six years reflects volatility tied to the pandemic and recovery phases.
But in 2023, momentum faltered as revenues dropped to KSh 178.5 million and losses widened to KSh 57.5 million. Stability returned in 2024, when revenues rose 73% to KSh 309.2 million and net profit came in at KSh 25.3 million, turning equity positive for the first time since the listing.
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