Umeme Limited forecasts losses as Uganda payout battle moves

Another year sinks underwater as the power distributor bleeds cash after losing its Uganda role and slides deeper into a compensation brawl that keeps investors guessing.

Loss outlook after exit

• Umeme Limited told shareholders to brace for red ink again.
• Second straight loss streak confirmed.
• Linked directly to losing the distribution role.
• Left without an active operating business.

Why the numbers cratered

• The board flagged vanished revenue as the core problem.
• Operations dried up early in 2025.
• The concession clock ran out after twenty years.
• Grid control shifted to Uganda Electricity Distribution Company Limited.

Compensation fight with the state

• Umeme Limited keeps chasing payment from the Government of Uganda.
• The claim ballooned to USD 292 million.
• Figure stacks unrecovered investments on earlier payouts.
• The dispute path shifted toward formal arbitration.

Arbitration and next steps

• Talks with authorities stalled without closure.
• Case moved to London per concession terms.
• The board promised updates as proceedings grind on.
• Audit results for 2025 are still pending release.

Investor stakes and uncertainty

• The outcome could reshape the balance sheet.
• Future options range from restructuring to wind-down.
• Market watchers are tracking every disclosure.
• No operating revenue cushion remains.