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Stephen Saad's Aspen posts $61 million loss in 2025

Summary by Billionaires.Africa
Aspen Pharmacare Holdings, Africa’s largest pharmaceutical group led by South African billionaire Stephen Saad, posted a net loss in its 2025 financial year, dragged down by impairments, restructuring charges, and a dispute in its manufacturing business.For the year ended June 30, 2025, Aspen reported a loss of R1.08 billion ($61.34 million), compared with a profit of R4.4 billion ($249.36 million) the year before. This is linked to a contractua…
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Billionaires.AfricaBillionaires.Africa

Stephen Saad's Aspen posts $61 million loss in 2025

Aspen Pharmacare Holdings, Africa’s largest pharmaceutical group led by South African billionaire Stephen Saad, posted a net loss in its 2025 financial year, dragged down by impairments, restructuring charges, and a dispute in its manufacturing business.For the year ended June 30, 2025, Aspen reported a loss of R1.08 billion ($61.34 million), compared with a profit of R4.4 billion ($249.36 million) the year before. This is linked to a contractua…

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Billionaires.Africa broke the news in on Thursday, September 4, 2025.
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