Equity Group delivers record 55% profit growth to KSh 75.5 Billion as Uganda business surges 500%

Equity Group delivers record 55% profit growth to KSh 75.5 Billion as Uganda business surges 500%
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Equity Group Holdings Plc has announced record FY2025 results in Kenya’s corporate history, posting a 55% increase in Profit After Tax of KSh75.5 billion, up from KSh48.8 billion.
The performance reflects the Group’s successful business transformation, diversified revenue growth, enhanced efficiency, and robust regional contributions.
The balance sheet expanded by 9% to KSh1.97 trillion (FY2024: KSh1.8 trillion), with customer deposits rising 4% to KSh1.46 trillion (FY2024: KSh1.40 trillion) and net loans increasing 8% to KSh882.5 billion (FY2024: KSh819.2 billion).
The Group closed the year with 22.4 million customer accounts, supported by a strong regional distribution and digital ecosystem.
 
  • Proposed dividend payout of Kshs 21.7 billion translating to Kshs 5.75 per share representing a 35.3% growth in dividends (2024: Kshs 16 billion, Kshs 4.25 per share).
  • Equity Bank Kenya profit after tax rose by 63% to KSh39.2 billion (FY2024: KSh24.1 billion). Regional banking subsidiaries registered 53% growth in profit after tax of Kshs. 36.3 billion driven by profit after tax growth of 58%, 500% and 125% for DRC, Uganda, and Tanzania subsidiaries respectively.
  • Regional subsidiaries continued to deliver strong growth, led by loan expansion of 17% in DRC, 22% in Rwanda and 61% in Tanzania.
  • Equity Insurance Group sustains strong momentum as it reports a 75% increase in written gross premiums, contributing to a 36% growth in profit before tax.
  • FY 2025 saw the Group deliver ~Kshs 99.5B ($771 million USD) cumulatively in social impact and sustainability investment initiatives.
From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Chairman, Prof. Isaac Macharia, Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the FY 2025 Investor Briefing event.

A few highlights on Uganda’s performance and Uganda’s economic outlook by Equity Group:

  1. Equity Group Delivers Record 55% Profit Growth to KSh 75.5 Billion as Uganda Business Surges 500%
  2. These are the first full year results under new leadership led by Gift Shoko – Managing Director & Claver Serumaga – Executive Director.
  3. Regional operations accounted for about half of Group profitability in FY2025, underscoring Equity’s emergence as a pan-African financial services group.
  4. Uganda’s profit after tax jumped 500% to KSh3.6 billion, the biggest jump across all subsidiaries
  5. Overall, subsidiaries contributed 51% of banking profit before tax and 48% of banking profit after tax.
  6. Inflation trends support stability: Low inflation in Kenya, Uganda, Tanzania with substantial easing in DRC. Strong GDP growth in Rwanda adds to some inflation pressure there. South Sudan’s prospects remain dependent on oil exports.
  7. Africa continues to show strong economic momentum, with 11 of the world’s 20 fastest‑growing economies in 2025, including South Sudan, Rwanda, and Uganda. 
  8. A minerals boom is lifting growth in DR Congo, Tanzania, and Uganda, while high gold, copper, and coffee prices – combined with low oil and wheat prices and a weaker US dollar – are supporting East African economies.
  9. Uganda attracted significant FDI into its oil industry, and bond inflows in 2025. The DRC is receiving high interest for its copper resources. Kenya has nearly $6bn of deals (IPOs and FDI) announced in December 2025 and January 2026.
From L-R: Equity Group Chairman, Prof. Isaac Macharia, Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Tanzania Managing Director, Isabela Maganga

 

From L-R: Equity Group Chairman, Prof. Isaac Macharia, Group Managing Director and CEO, Dr. James Mwangi and Equity Life Assurance Kenya Limited Managing Director, Angela Okinda
From L-R: Equity Group Chairman, Prof. Isaac Macharia, Group Managing Director and CEO, Dr. James Mwangi and Director Equity Group Foundation Operations, Dr. Joanne Korir.
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