Longhorn Publishers has reported a net loss of Sh949.6 million for the financial year ended June 2026, its largest loss since listing on the Nairobi Securities Exchange in 2012.
The publisher attributed the decline largely to the transition in Kenya’s education curriculum, which has reduced the commercial value of learning materials developed for the outgoing 8-4-4 system.
The company made a Sh518 million provision for investments in books that are likely to become obsolete as schools adopt the revised Competency-Based Education curriculum.
The loss was nearly four times the Sh261.4 million recorded in the previous financial year.
Despite the financial setback, Longhorn’s revenue grew by 21 per cent to Sh811 million, up from Sh672.1 million, supported by expanded market coverage and improved sales.
The publisher also cited delays in institutional procurement and constrained business funding among the challenges experienced during the year.
Longhorn said it expects to sell some of the books already provided for over the coming year, potentially recovering part of their value.
