Equity Group half-year profit rises 17pc to Sh34.6bn
NAIROBI, Kenya, Aug 11 – Equity Group has reported a net profit of Sh34.6 billion for the half year ended June 2025, a 17 percent increase from Sh29.6 billion in the same period last year, driven by strong performance across its regional subsidiaries.
The Kenyan unit recorded a 40 percent rise in net profit to Sh19.5 billion, while the Democratic Republic of Congo business grew 22 percent to Sh9.1 billion.
Equity Uganda posted a 40 percent jump to Sh1.9 billion, and the Tanzania subsidiary surged 75 percent to Sh1.1 billion.
The Group’s insurance business delivered Sh660 million, up from Sh520 million last year.
Managing Director and CEO James Mwangi said the growth reflected the execution of the Group’s strategic plan in key sectors such as agriculture, mining, manufacturing, trade, and SMEs.
“Continued execution has resulted in transformation of the balance sheet structure and the resultant profit and loss structure, creating resilience in performance,” he said.
The Group’s non-performing loan ratio eased to 13.7 percent in the review period from 14.0 percent in the first quarter, supported by improved asset quality in Tanzania and Uganda.
Equity declared an interim dividend of Sh8.8 per share, up 16 percent from Sh7.6 last year.
