By Spy Uganda
New Vision Printing and Publishing Company Limited has issued a profit warning, revealing that it expects to post a loss for the financial year ending June 30, 2026, citing a sharp decline in traditional newspaper sales, shrinking advertising revenues, and rising operational costs.
In a public announcement released by the company’s Board of Directors, the Uganda Securities Exchange-listed media house informed shareholders, potential investors, and the general public that preliminary assessments indicate the company will end the financial year in a loss-making position.
According to the statement, the biggest challenge facing the company is the continued decline in demand for printed newspapers, coupled with advertisers shifting their spending across different media platforms, particularly digital channels.
The Board also pointed to soaring prices of raw materials used in newspaper production and increasing operational expenses as major contributors to the anticipated financial downturn.
“The main contributor to this performance is the challenging business environment due to declining traditional media newspaper sales and advertising revenue spend across the different platforms coupled with increase in prices of raw material inputs and other operational costs,” the company said.
The announcement was issued in compliance with Rule 38(3) of the Uganda Securities Exchange (USE) Listing Rules 2025, which requires listed companies to notify investors whenever they anticipate a significant change in their financial performance.
Despite the bleak outlook, New Vision’s Board and management expressed confidence that measures are being implemented to restore the company’s financial health.
“The Board and Management are committed to ensuring improved financial performance of the Company,” the statement added.
The profit warning comes at a time when media organizations across Uganda and the world continue to grapple with the rapid shift of audiences and advertisers from traditional print publications to digital platforms, forcing many legacy media houses to rethink their business models.
For shareholders, the announcement serves as an early indication that the company’s forthcoming audited financial results are expected to reflect weaker performance than in previous years, while investors will now be watching closely for the Board’s recovery strategy in the months ahead.
