PrimeTime, the BSE-listed property investment group, this week published its audited annual financial results for the year ended 31 August 2025. The Group delivered a robust performance despite regional macroeconomic pressures, underscoring the strength of its portfolio, disciplined capital allocation and active asset management. “Operating environments across our regional footprint remained challenging, but our disciplined capital strategy and focus on fundamentals enabled PrimeTime to deliver a resilient full-year performance,” company Director Dandy Kelly commented.
“High occupancy levels, stable contractual escalations and prudent debt management supported earnings quality and strengthened our balance sheet. The meaningful fair-value uplift achieved this year reinforces the underlying quality of our assets and positions the Group for long-term value creation.” Chief Financial Officer, Alice Wellio-Moyo added: “Our funding structure remains sound following targeted capital repayments, debt consolidation and refinancing activities. “The reduction in the Group’s weighted average cost of debt, together with the improvement in our loan-to-value ratio to 45%, demonstrates our continued commitment to disciplined capital management amid evolving liquidity conditions.” Group revenue increased 4% to P236.1 million, driven by consistently high occupancy levels, strong rental collections and contractual escalations across the portfolio.
Recovery income grew particularly in Zambia, where elevated utility costs and power supply disruptions required higher pass-throughs to tenants. A P79.4 million fair-value uplift, driven primarily by the Botswana portfolio, materially strengthened profitability. Profit before tax rose to P120.6 million (FY2024: P62.3 million).
Read Full Article on The Voice
[paywall]
Basic and diluted earnings per linked unit increased by 115% from 18.72 thebe to 40.37 thebe respectively. Net Asset Value increased 14% to P1.02 billion, supported by revaluation gains, debt amortisation and repayment, as well as the finalisation of the foreign-currency translation reserve reclassification following the Mauritius loan capitalisation. Vacancy remained low at under 1%, reflecting the quality of the Group’s properties, tenant retention initiatives and favourable positioning in key commercial nodes.
[/paywall]
