Auditor General, Edward Akol (2nd L) hands over the Audit report for 2024/25 to Anita Among (3rd L) at parliament recently
HABARI DAILY I Kampala, Uganda I Vision Group recorded a loss of Shs 9.727 billion for the year ending 30 June 2025 and posted negative operating cash flows of Shs 11.829 billion, according to the December 2025 Auditor General’s report.
Assistant auditor General, Edward Akol reported that the company’s weak cash position led to non-compliance with loan covenants, meaning Vision Group failed to meet conditions attached to its borrowing agreements.
The report further notes that the company delayed payments to suppliers, resulting in accrued interest costs, while also incurring fines and penalties due to late payment of statutory obligations.
The audit shows that Vision Group’s operations did not generate enough cash to meet its routine expenses, increasing pressure on its finances and limiting its ability to service debt on time.
Despite efforts by management under Managing Director Don Wanyama to stabilise the business, the Auditor General’s findings indicate that the company has continued to struggle financially, with losses and cash flow challenges persisting into the latest reporting period.
Vision Group is majority government-owned and remains one of Uganda’s largest media companies, but the audit raises concerns about its financial position and the effectiveness of ongoing turnaround efforts.
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