26th Jun 2026 10:56
Tapir Holdings Ltd - strategic investment holding company listed on the Bermuda Stock Exchange - On Thursday reports 2025 net income fell 87% to USD15.5 million from USD116.3 million a year earlier as total income dropped to USD3,478 from USD118.2 million. Says the decline reflected the absence of the one-off gains recorded in 2024 following its acquisition of a 10% stake in pan-African urban developer Rendeavour Holding Ltd, which it accounts for using the equity method. Share of associated income was USD16.4 million, compared with a USD1.7 million loss a year earlier. Cash at December 31 rose to USD660,000 from USD550,000. Total assets increased to USD261.3 million from USD212.0 million. Says its current sole investment remains its 10.0% stake in Rendeavour but intends to pursue additional investment opportunities across Africa in line with its investing policy. Read More
