BoFiNet maintains profitability despite challenges

Although revenue declined from P485 million recorded in 2024, BoFiNet CEO Dr Geoffrey Seleka said the organisation remained profitable without government subvention for the fifth consecutive year, highlighting its financial resilience and commercial sustainability.

“Our revenue declined to P376 million. This decline is attributable to intense competition, customer downgrades and margin erosion across our core product lines,” Seleka said, in a commentary accompanying the newly released annual report for 2025.