Equity Group Holdings has reported an 11.8% jump in profit before tax to KSh 41.54 billion, while profit after tax advanced 16.9% to KSh 34.63 billion.
- •Net interest income rose 9.1% year-on-year to KSh 59.30 billion, supported by loan book growth and improved net interest margins across most subsidiaries.
- •Non-interest income grew 4.6% to KSh 42.78 billion, buoyed by higher fees, commissions, and foreign exchange trading income. Operating income climbed 3.1% to KSh 100.20 billion.
- •However, asset quality pressures persisted, with the Group’s non-performing loan (NPL) ratio remaining elevated but well below industry ratio.
Earnings per share improved to KSh 8.83 from KSh 7.56 in H1 2024. The cost-to-income ratio declined slightly to 59.9% from 60.4%, reflecting operating leverage gains.
Profit before tax increased 11.8% to KSh 41.54 billion, while profit after tax advanced 16.9% to KSh 34.63 billion.
Total assets reached KSh 1.799 trillion, up 3.0% from H1 2024, driven by investment securities and loan book expansion. Customer deposits rose 1.6% to KSh 1.320 trillion. Total equity increased 25.2% to KSh 276.07 billion, strengthening capital buffers. The Core Capital to Total Risk-Weighted Assets ratio stood at 16.5%, above the 10.5% statutory minimum.
Equity Group’s NPL ratio closed the quarter at 13.7%, down from 14.0% in Q1 2025 but higher than the 12.9% recorded in H1 2024. Corporate segment NPLs rose sharply to 24.5% from 16.1% in June 2024, while MSME improved to 14.2% from 13.5%.
By geography, EBKL posted 20.0% (17.2%), EBUL 14.5% (17.9%), and EBSSL 7.7% (0.4%). IFRS coverage ratio was 90.0%, with 68.2% on loans and 21.8% on guarantees.
More Subsidiary Highlights
- •Equity Bank Kenya (EBKL) maintained strong profitability, posting a net interest margin (NIM) of 7.5%, a return on assets (ROA) of 3.9%, and a return on equity (ROE) of 28.1%.
- •Equity Bank Congo DRC (EBCDC) delivered a NIM of 7.1%, ROA of 3.1%, and ROE of 23.5%. Equity Bank Uganda (EBUL) achieved the highest NIM at 9.1%, with ROA at 3.4% and ROE at 25.1%.
- •Equity Bank Rwanda (EBRL) recorded a NIM of 7.4%, ROA of 4.1%, and the highest ROE at 29.6%. Equity Bank Tanzania (EBTL) posted a NIM of 8.7%, ROA of 4.0%, and ROE of 27.0%.
- •Equity Bank South Sudan (EBSSL) underperformed with a NIM of 2.1%, negative ROA of -0.8%, and negative ROE of -3.7%.
Insurance Operations
Equity Insurance recorded a 26% rise in profit before tax to KSh 932 million, supported by a 115% surge in gross written premiums to KSh 5.18 billion. Insurance revenue climbed 59% to KSh 1.63 billion, while net insurance and investment revenue grew 30% to KSh 1.05 billion, with net investment income contributing KSh 775 million.
Insurance assets rose 40% to KSh 31.48 billion, and contract liabilities increased 27% to KSh 23.93 billion.
