Barita Investment Posts Strong Results For 2024 Despite Significant Headwinds

Barita Investments Limited has reported strong financial and operational results for its 2024 fiscal year, signalling a firm footing despite a challenging global economic environment.

The company, which presented its performance and strategic direction during its recent Annual General Meeting, says it’s positioning itself for sustained growth through diversification, digital innovation, and strategic investment in alternative assets.

During the period, Barita’s net operating income rose by ten percent year-over-year, while net profit after tax increased by twelve percent.

The company says this demonstrates resilience amid economic headwinds.

Total assets climbed eleven percent to just over $142 billion and investment assets grew to over $118 billion.

This positive trend extended into the first quarter of FY 2025, with net profit rising fifteen percent and investments expanding further to $117billion.

Looking beyond the numbers, Barita says it’s transforming its portfolio with a sharp focus on alternative investments.

Its real estate subsidiary, MJR Real Estate Holdings, has acquired over 2,000 acres of land for development into residential, commercial, and light industrial projects.

This marks a shift from short-term valuation gains to more sustainable, long-term value creation.

In parallel, the company is also building out its private credit portfolio and has plans to launch a dedicated Private Credit Fund, pending regulatory approval.