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Labrish
Nyuuz
Umeme Limited forecasts losses as Uganda payout battle moves
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[QUOTE="Queen, post: 86036, member: 27"] 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 [LIST] [*]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. [/LIST] Why the numbers cratered [LIST] [*]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. [/LIST] Compensation fight with the state [LIST] [*]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. [/LIST] Arbitration and next steps [LIST] [*]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. [/LIST] Investor stakes and uncertainty [LIST] [*]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. [/LIST] [/QUOTE]
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Labrish
Nyuuz
Umeme Limited forecasts losses as Uganda payout battle moves
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