Sopecam Returns to Profit, but CFA11 Billion in Current Liabilities Strains Cash Flow

Cameroon's state-owned publishing company Sopecam returned to profit in 2025 after a sharp rebound in revenue. However, its financial statements point to persistent cash flow pressures driven by rising unpaid customer invoices and growing short-term liabilities. The company, led by Marie-Claire Nnana and publisher of the state-owned daily Cameroon Tribune , ended the year with CFA13.59 billion ($23.7 million) in trade receivables—payments owed by customers for services already delivered but still outstanding as of December 31. That compares with CFA11.35 billion a year earlier, an increase of 19.7%, or CFA2.24 billion. More notably, outstanding receivables amounted to 1.72 times the company's annual revenue of CFA7.89 billion. Despite those unpaid invoices, Sopecam reported a net profit of CFA531.1 million in 2025, reversing a CFA361 million loss recorded in 2024. The company's bottom line improved by CFA892.1 million year over year. Revenue also climbed 69.9%, rising from CFA4.64 billion to CFA7.89 billion. However, much of that growth had yet to translate into cash by ...
2026-07-23 18:09:11