Letshego Africa’s results for the first half of 2025 show that the company increased its profits while managing tax obligations carefully across several countries.
Although total taxes have grown, they now take up a smaller share of earnings, enabling Letshego to keep more money for shareholders.
Big Profits, Smaller Tax Bite
In the first half of 2024, Letshego made P186 million before tax. The company paid P168.5 million in tax. That’s almost all of it, which left the company with P17.7 million as profit after tax. During the first half of 2025, profit before tax jumped to P405 million. Tax claims 55% of that. After accounting for tax, this left the company with P181 million.
Even though profit before tax rose by 118% during the first half of 2025, total tax only went up by 33% (from P168 million to P224 million). This means profit grew faster (118%) than tax (33%).
That means after accounting for tax, Letshego is now holding on to a larger share of what it earns, which is good news to investors as the company made a profit after tax of P181 million in the first half of 2025, compared to P17 million in the past period.
By Friday, Letshego shares were selling for P1.05 on the Botswana Stock Exchange (BSE). Analysts at Imara Capital think the price could go up slightly to P1.09—about 3% higher. They gave the stock a ‘HOLD’ rating, which means it’s fairly priced for now.
Read also: Where Letshego Makes Your Money, Letshego Keeps Investors’ Cash Flowing, Pula Changes Could Cost or Pay You At Letshego
