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.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers deep insights into Kenyan and global economic trends.

The Nation Media Group (NMG) has released its unaudited financial statements for the six months ending June 30, 2025.

The company reported a KSh 41.7 million loss after tax during the review period.

However, this is a considerable improvement compared to the KSh 260.2 million loss that was reported during the same period in June 2024.

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The company’s turnover fell 5.7% to KSh 3 billion, while there was also a slight decline in total assets, which dropped 1.5% to KSh 7.4 billion.

The media house revealed that improved monetisation of its digital assets led to a 7.0% increase in digital business compared to the same quarter last year, despite a difficult operating and macroeconomic climate.

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On the other hand, earnings per share (EPS) improved from a loss of KSh 1.5 in the previous year to a loss of KSh 0.3 in the current period.

This reflects the company’s efforts to reduce operating expenses and improve financial performance.

Earlier, TUKO.co.ke reported that NMG declared its intention to lay off a portion of its employees.

The independent media outlet explained that it was evolving into a leaner, more agile organisation.

NMG said this would help the company guarantee effective service delivery to its clients, as it strived to gain from the digital economy.

The Aga Khan-owned firm acknowledged that the move was challenging but said the procedure would be carried out with consideration for each and every employee.

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Given how the decision will affect their livelihoods, it pledged to support all impacted employees during the transition period.

The media company noted that it needed to adjust because the media landscape was changing rapidly.

Source: TUKO.co.ke