Stable earnings for Stimulus

Stimulus this week reported stable figures in its financial report in what it deemed a volatile economic environment. The company saw a massive jump in revenue to about N$34 million against the N$22 million recorded for the 2016 financial year, while the total comprehensible profit was N$11.8 million. The company now also sits on total assets of N$714 million.Stimulus reported an improvement of 11.16% in growth of its portfolio and growth of 161% in its preference dividend of N$32 million, translating into a dividend of N$3.29 million.Commenting on Stimulus' performance for the year, its executive director, Josephat Mwatotele said: “The continued stability of Stimulus' investment performance reflects both the sectoral diversity of the investment portfolio and the management depth of the respective investee companies. “The substantial increase in dividends earned from investee companies testifies to an increased focus on operational efficiencies as well as cost and risk control.”Added Mwatotele: “The challenging trading conditions our investee companies find themselves in has resulted in Stimulus further increasing its strategic involvement and assisting our investee companies to focus on maximising their operational efficiencies in their core areas. “This allows our management teams to dedicate their energy on enhancing the quality of their products and services while controlling their risks.”During the financial year just completed, Mwatotele mentioned that Stimulus acquired shareholding in Khomas Solar Saver while making an additional investment in Namibia Media Holdings. Stimulus also managed to strengthen its balance sheet by raising additional capital of N$121.9 million, bringing total assets under management to N$503 million for the financial year just ended.During brief questions and answers session, Stimulus hinted at the possibility of creating a second fund, but only in the event that it had utilised the cash that it had on hand, effectively closing the current fund to new investors.Stimulus currently sits on approximately N$127 million in money market funds and indicated that would also be looking to raise additional funding as it sets its sights on new acquisition targets for the current financial year.Said Mwatotele: “The focus for the year ahead will continue to be the reduction of un-invested cash, as Stimulus has a strong balance sheet and is well positioned to make additional investments within the portfolio as well as seek new, high quality investment opportunities. The will also continue to work closely with the respective management teams to improve the overall performance of the existing portfolio of companies. “An additional focus will be the continued strategic direction in implementing a pragmatic and responsible transformation agenda throughout the portfolio.”Stimulus holds shareholding in Nashua Namibia, Namibia Media Holdings, Neo Paints, Plaspack, Joe's Beer House Properties, Polyoak and Walvis Bay SteveDoring while it has recently taken up shareholding in Khomas Solar Saver.OGONE TLHAGE

Stable earnings for Stimulus

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Namibian Sun 2025-09-16

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Stable earnings for Stimulus

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Namibian Sun 2025-09-16

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