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KANZA CAPITAL PARTNERS · PUBLIC EVIDENCE RECORD

Nation Media Group

NMG · DSE · market data as at 2026-09-10
CloseTZS 325+1.56% · DSE
Volume02026-09-10 session
Traded valueTZS 02026-09-10 session
Market capitalisationTZS 61.3bnDerived board field
Retained median volume044 snapshots · not ADV
Domestic turnover rankNot applicable2026-09-10 DSE board
Largest disclosed holder54.1%NPRT Holdings Africa Ltd · 2025-12-31

Market facts: Dar es Salaam Stock Exchange. Financial, dividend and ownership facts: issuer disclosures, retained by source URL and SHA-256. Derived changes use the displayed periods. Missing facts remain missing.

Information and education only, never advice, a recommendation or an offer. Printed from https://kanzacapitalpartners.com/companies/nmg.

Public evidenceYou are here

Source facts stay open.

Price & liquidityReported financialsOwnershipFilings & dividends
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Decision support begins behind the boundary.

Scenarios, sensitivities, monitoring questions and modelling workflow.

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Five signals before the detail.

Each row uses its own disclosed scale. An unavailable fact has no plotted magnitude. These are descriptive signals, not a score, peer ranking, forecast or recommendation.

What changed
Latest verified observations
Evidence gaps
Kept null, not estimated
  • Bid-ask spread and executable size are unverified.
  • The ownership table is partial. are not treated as tradable free float.
  • Accounting-basis changes remain visible; periods are not silently restated.
  • Sector context is limited to the verified tickers shown.

Market record

The close is already above. Here is the rest of the session.

Every figure below refers to the same verified DSE close. It describes the tape; it does not establish typical liquidity or future direction.

Open the DSE source

Tradability evidence · bounded window

Volume varied sharply across the retained window.

This is a median across 44 retained DSE snapshots, not ADV. Missing dates are not treated as zero, and no bid-ask or executable-size claim is added.

Recorded volume · 2026-07-10 to 2026-09-10Latest multiple unavailable
2026-07-10: 0 shares at TZS 260; 2026-07-13: 0 shares at TZS 260; 2026-07-14: 0 shares at TZS 260; 2026-07-15: 0 shares at TZS 260; 2026-07-16: 0 shares at TZS 260; 2026-07-17: 25 shares at TZS 260; 2026-07-20: 0 shares at TZS 250; 2026-07-21: 0 shares at TZS 260; 2026-07-22: 0 shares at TZS 260; 2026-07-23: 0 shares at TZS 260; 2026-07-24: 0 shares at TZS 265; 2026-07-27: 0 shares at TZS 260; 2026-07-28: 0 shares at TZS 260; 2026-07-29: 0 shares at TZS 270; 2026-07-30: 0 shares at TZS 270; 2026-07-31: 0 shares at TZS 270; 2026-08-03: 0 shares at TZS 265; 2026-08-04: 0 shares at TZS 275; 2026-08-05: 2 shares at TZS 275; 2026-08-06: 185 shares at TZS 270; 2026-08-07: 6 shares at TZS 265; 2026-08-10: 0 shares at TZS 265; 2026-08-11: 0 shares at TZS 270; 2026-08-12: 0 shares at TZS 280; 2026-08-13: 0 shares at TZS 280; 2026-08-14: 0 shares at TZS 275; 2026-08-17: 0 shares at TZS 265; 2026-08-18: 0 shares at TZS 260; 2026-08-19: 0 shares at TZS 255; 2026-08-20: 0 shares at TZS 255; 2026-08-21: 100 shares at TZS 255; 2026-08-24: 24 shares at TZS 260; 2026-08-26: 33 shares at TZS 250; 2026-08-27: 0 shares at TZS 260; 2026-08-28: 0 shares at TZS 275; 2026-08-31: 0 shares at TZS 280; 2026-09-01: 0 shares at TZS 300; 2026-09-02: 0 shares at TZS 315; 2026-09-03: 9 shares at TZS 340; 2026-09-04: 110 shares at TZS 340; 2026-09-07: 0 shares at TZS 350; 2026-09-08: 0 shares at TZS 340; 2026-09-09: 0 shares at TZS 320; 2026-09-10: 0 shares at TZS 325retained median 02026-07-102026-09-10

Linear scale. The final bar is intentionally allowed to dominate; compressing it would hide the scale of the latest-session break.

Retained median volume044 verified snapshots · not ADVLatest session volume rankNot applicableDomestic board · same 2026-09-10 closeLatest turnover rankNot applicable0% of domestic traded value
Same-sector comparison1 classified peersPAL share the Consumer Services coverage classification; this is not a valuation peer set.
Open the DSE source behind every snapshot and rank

How has NMG's verified close moved across the available public record?

NMG verified close history

Window startTZS 28025 Jul 2025
Latest closeTZS 32510 Sep 2026
Window change+16.1%+TZS 45

As at 10 Sep 2026 · Source: Dar es Salaam Stock Exchange (DSE), via MCL market platform daily export (market.mcl.co.tz). Exact values and method remain in the static evidence table below.

03 · Descriptive reading

Three views of the same record.

These transformations expose change, recent direction and recorded position. They are not forecasts, total returns or estimates of value.

Available-record change+16.1%
2025-07-25TZS 280
2026-09-10TZS 325
Recent recorded direction+20.4%

Last 20 recorded observations · no calendar-time substitution.

04 · Ownership and tradability

Reported ownership, without a free-float guess.

The cited filing presents only its named top holders; the unlisted balance is not manufactured. Ownership remains separate from tradable free float, bid-ask depth and executable size.

Shareholding reported at 2025-12-31

NPRT Holdings Africa Ltd is the largest disclosed holder at 54.08%.

  1. 01NPRT Holdings Africa Ltd54.08%
  2. 02Alpine Investments Ltd12.29%
  3. 03Standard Chartered Nominees RESD A/C KE114501.47%
  4. 04Kenya Commercial Bank Nominees Ltd A/C 915B1.46%
  5. 05NCBA Custodial Services A/C 3640.72%
  6. 06Kenya Reinsurance Corporation Ltd0.62%
  7. 07Kimani, John Kibunga0.57%
  8. 08Jamal, Farzeen Zaherali; Moledina, Nureen0.55%
  9. 09Adam, Munirabanu Alimohamed0.5%
  10. 10Jubilee Life Insurance Ltd0.43%

The ten named principal shareholders are shown without a manufactured remainder. The same page separately reconciles the complete distribution to 171,265,647 shares and 12,121 shareholders, excluding treasury shares.

Disclosure scopeTop holdersFY2025 annual report · PDF page 154 · principal shareholders and shareholding distribution excluding treasury shares
Registered shareholders12,121Source-dated count only; no holder activity is inferred
Issued shares171,265,647Reported share count, not a liquidity measure
Latest session turnoverTZS 02026-09-10 DSE tape · not a typical-liquidity estimate
Open the ownership source · PDF page 154 · principal shareholders and shareholding distribution excluding treasury shares

04b · Classification and evidence sequence

From company record to listed tape.

This is an evidence sequence, not a causal model. A missing filing cannot be replaced by a price, and a price move cannot prove an operating cause.

01

Official disclosures

20 indexedLatest DSE filing period 2025-12-31 · 1 normalized
02

Reported business evidence

Revenue: KES 6bnFY2025 and FY2024 comparative · PDF p. 96
03

Capital and governance record

1 retained items1 actions · 0 governance disclosures
04

Listed market record

DSE-verified session2026-09-10 · DSE verified close
Market classificationCommercial Services

Constituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the CS index level (shown above, DSE-verified) but does not publish a constituent table; this grouping is KCP's, not DSE-verified index membership.

Reported trajectory · source evidence

Two periods, one retained source, no mixed basis.

Select a metric to compare adjacent group results printed in the same retained source. Audit status remains visible. This is reported history, not a forecast or quality score.

RevenueKES 6.0bnFY2024 KES 6.2bn -> FY2025 KES 6.0bn
Gross profitKES 4.1bnFY2024 KES 4.3bn -> FY2025 KES 4.1bn
Operating loss−KES 695.7mFY2024 −KES 458.7m -> FY2025 −KES 695.7m
Loss for the year−KES 308.6mFY2024 −KES 254.4m -> FY2025 −KES 308.6m
Total equityKES 7.0bnFY2024 KES 7.3bn -> FY2025 KES 7.0bn
Cash used in operations−KES 465mFY2024 −KES 507.5m -> FY2025 −KES 465m
Basic earnings per shareKES -1.8FY2024 KES -1.5 -> FY2025 KES -1.8
Capital return record

Dividend state, not just a number.

Evidence exceptions · 1
information · controlledThe issuer explicitly states that no interim dividend was paid and no final FY2025 dividend will be proposed.

The record is represented as not declared, not as a numeric zero dividend.

05 · Company-reported evidence

What can be traced to a retained document?

Market dates and reporting periods remain separate. Missing fundamentals stay missing until a document, locator and review state support them.

06 · Evidence-risk ledger

What this page cannot prove.

Trust is not the absence of uncertainty. It is the discipline of showing exactly where the evidence becomes thin.

01

Session liquidity

44-snapshot windowRetained median volume 0 from 2026-07-10 to 2026-09-10. This bounded archive is not ADV and does not establish executable size.
02

Historical coverage

66 observationsAvailable from 2025-07-25 to 2026-09-10. Missing trading dates are not filled forward.
03

Filing vintage

20 official DSE filingsLatest normalized documentary date: 2025-12-31. The complete DSE register is indexed separately; reporting periods remain distinct from market dates.
04

Comparison boundary

CSConstituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the CS index level (shown above, DSE-verified) but does not publish a constituent table; this grouping is KCP's, not DSE-verified index membership.

07 · How to use this record

Follow the source boundary, not the decoration.

Each number is either a primary-source fact, a labelled calculation from cited inputs, or absent. The page does not bridge a missing fact with an estimate.

01 · Market authorityDar es Salaam Stock Exchange

Close, session direction, volume and turnover use the dated DSE board. Retained snapshots stay date-bound.

Open DSE source
02 · Issuer authorityNation Media Group investor relations

The issuer archive is verified as a discovery source. Values enter the fact layer only with a retained document, page locator, period and review state.

Open issuer library
03 · CalculationsExact periods, labelled changes

Percentage change is current over prior comparable period, minus one. The liquidity median uses the retained dates above.

04 · Missing evidenceNull beats estimates

Free float, bid-ask depth, executable size and consensus stay absent until a source supports them.

Portable evidence

Take the record with its source trail attached.

Read the complete verification note

Market observations and company reporting periods are separate clocks. KCP does not use a price move to fill a missing filing, annualise a quarterly result, interpolate a missing close, or treat publicly held shares as verified tradable free float.

The retained DSE snapshot folder is a bounded evidence window, not a complete session archive. Its median describes only the snapshots listed here. Regional operating peers, valuation multiples and consensus would require a separately sourced comparison workflow and are not implied by this public page.

Information and education only, never investment, legal or tax advice, a recommendation, an offer or a solicitation.

08 · The product boundary

Public facts end here. The source trail does not.

Keep exploring verified DSE records in public, or enter the member workbench for scenarios, sensitivities and monitoring workflow.

Governance disclosureFounder/principal personal holdings

No personal position: Arthur George Kanza, KCP founder/principal, declares no holding in NMG (Nation Media Group).

Effective 14 Aug 2026 · Policy →