Staff Writer
Oryx Properties Limited expects stronger interim financial results for the period ended 31 December 2025.
In a trading statement issued under the Namibia Securities Exchange Listings Requirements, the company informed unitholders that its distribution per linked unit is expected to increase by between 10% and 30% compared to the same period last year.
Earnings per share, profit for the period and headline earnings are also expected to rise by more than 30% compared to the previous corresponding period.
The company said the improvement is linked to operational contributions from the Platz am Meer Shopping Centre and a supportive interest rate environment.
Oryx acquired the Platz am Meer Shopping Centre in Swakopmund last year from South African company Safari Investments for N$290 million. The deal also included undeveloped land next to the shopping centre.
The company said the trading statement has not been reviewed or reported on by its external auditors and advised unitholders to exercise caution when dealing in its securities.
Oryx expects to publish its unaudited interim financial results for the period ended 31 December 2025 on or about 6 March 2026.
The company has also announced a change to its board of directors under the Namibia Securities Exchange listings requirements.
Oryx confirmed the appointment of Melkizedek Uupindi as a non-executive director with effect from 2 March 2026.
Uupindi replaces Roswitha Gomachas, who retired from the board on 24 November 2025 after serving as a non-executive director.
The company said Uupindi brings experience in legal, risk and compliance matters and will support the board’s governance and oversight functions.
Oryx Properties Limited is listed on the Namibia Securities Exchange under the share code ORY and ISIN code NA0001574913.
