The public real estate company announced to the market in a cautionary noted on the local bourse that it forecast to make a provisional loss of P102 million for the period. The steep downturn is expected to reflect a decline in the company’s core financial metrics including a downturn in revenues and operating margins. In a statement issued on the Botswana Stock Exchange, directors said the parastatal anticipated to slip from a positive PBT of P42 million in the year ended March 2024 to a loss of (P102) million in the year ended March 2025. “The Corporation is expected to report a loss of P102 million, representing a deterioration of P144 million- equivalent to a 343% decline- compared to the audited PBT of P42 million for the year ended 31 March 2024,” BHC’s directors warned. The cautionary statement is based on the Corporation’s unaudited financial statements for the year 2025 of which the audited financial statements shall be released on or before August 31, 2025. BHC has been noting declining margins even in its half year results up to September 2024. The half year results then showed a significant drop in profits after tax, down by P19 million to P10 million during the six months. The decline marked a stark decrease from the P29 million recorded during the same period in 2023. The reduced profitability was attributed primarily to increased impairment expenses on rental receivables, according to the group's financial results. On the other hand, it experienced a 31% increase in total revenue, reaching P358 million compared to P273 million in the prior year. Directors credited the growth to increases in rental income, contracts income and facilities management fees. In December the Corporation’s total assets stood at P2.817 billion, up by P10 million from P2.806 billion in the 2023, driven by capitalisation of interest and staff costs into work-in-progress housing inventories. Investment properties decreased by P22 million year-on-year due to sales and depreciation charges while housing inventories increased by P106 million, reflecting payments for ongoing projects and capitalisation
