RH Bophelo NAV grows amid asset-light strategy

RH Bophelo Limited (JSE:RHBE) has reported a 4% increase in Net Asset Value (NAV) for the year ended February 28, 2025, bolstered by its transition to an asset-light investment strategy. The company's NAV remained above R1 billion, reflecting the increased value of its portfolio investments. Key initiatives included advancing a R8 million loan to MMed Distribution Services, which was fully repaid within the financial year. RH Bophelo, through its subsidiary RHBO, also founded Renal Healthcare Africa with a R8.3 million equity contribution and invested R6.6 million in RazoHealth Radiology for expanding radiology practices. Investment income decreased to R106.2 million from R280.4 million in the prior year due to the stabilization of assets, and total income after tax decreased to R43.9 million from R182.6 million. Basic and headline earnings per share fell to 67.9 cents from 282.3 cents. No dividend was declared for the current year. The company assures sufficient liquidity and solvency for continued operations.