Equity Group has announced record full-year 2025 results, the highest in Kenya’s corporate history, posting a 55% increase in profit after tax to KSh 75.5 billion, up from KSh 48.8 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 KSh 1.97 trillion (FY2024: KSh 1.8 trillion), with customer deposits rising 4% to KSh 1.46 trillion (FY2024: KSh 1.40 trillion) and net loans increasing 8% to KSh 882.5 billion (FY2024:KSh 819.2 billion).
Strong revenue performance saw net interest income grow 17% to KSh 126.9billion, non‑funded income rise 7% to Ksh 90.8 billion, and total income increase by 12% to Ksh 217.7 billion (FY2024:KSh 193.8 billion). Operational efficiency improved significantly, with the cost‑to‑income ratio falling to 51.0% from 58.2%, driven by continued migration to self‑service channels, productivity gains, and tighter cost discipline supported by Group-wide shared services and digital infrastructure.
Regional operations accounted for about half of Group profitability, underscoring Equity’s emergence as a pan-African financial services Group. Equity BCDC has grown its profitability by 58%, Uganda by 500% and Tanzania by 125%. Overall, subsidiaries contributed 51% of banking profit before tax and 48% of banking profit after tax.
Equity Insurance Group continued its strong expansion, driven by newly acquired life, general, and health underwriting licenses. Gross written premiums rose by 75% to Kshs 9.17 billion, delivering Profit Before Tax growth of 36% to Kshs 2.0 billion, and a 150% rise in insurance revenue to Kshs 3.57 billion. Equity Life Assurance which delivered a Profit Before Tax of KShs 1.77 Billion now serves unique 6.9 million customers with 19.2 million policies issued since inception, Equity General Insurance reported Kshs 1.79 billion in Gross Written Premiums and Kshs 199 million in Profit Before Tax in its first year of operations whilst Equity Health Insurance reported Gross Written Premium of KShs 20 Million and KShs 40 million in Profit Before Tax in its first 4 months of operations.
On the back of this performance, the Directors have recommended a dividend of Kshs 5.75 per share, up from Kshs 4.25 amounting to a payout of Kshs 21.7 billion (2024: Kshs 16 billion), representing a 35.3% growth in dividends.
Commenting on the results, Equity Group Managing Director and CEO Dr. James Mwangi said the performance demonstrates the strength of the Group’s strategic transformation, driven by diversified revenue streams, improved efficiency and growing contributions from regional subsidiaries: “The 2025 performance reflects the success of our deliberate transformation into a diversified, regional financial services group. We delivered strong profit growth by expanding and deepening our income streams, improving efficiency across the franchise, and strengthening the quality of our balance sheet.
