Enterprise Group PLC profit falls 49% in first quarter

Enterprise Group PLC has recorded a 49 per cent drop in profit for the first quarter ended March 31, 2026, falling to GH¢71.3 million from GH¢140.1 million in the same period last year.

The insurance and investment holding company said net insurance finance expense jumped sharply to GH¢101.8 million from just GH¢4.5 million a year earlier, heavily weighing on the bottom line.

Insurance service result after reinsurance also turned negative, swinging to a loss of GH¢20.6 million from a profit of GH¢57.2 million. Insurance revenue, however, held relatively steady at GH¢419.4 million compared with GH¢441.2 million in the prior year.

At the standalone company level, the parent business recorded a loss for the period of GH¢672,000, down from a profit of GH¢13.9 million in the first quarter of 2025.

Earnings per share for the group declined to GH¢0.310 from GH¢0.495.

Cash generated from operations fell to GH¢37.6 million from GH¢171.6 million. Cash and cash equivalents at the end of the period stood at GH¢54.8 million, down from GH¢607.2 million at the beginning of the period.

The financial statements were signed by group chief executive officer Daniel Larbi-Tiekku.