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Equity Group Holdings has reported a record KSh 54.1 billion in profit after tax for the first nine months of 2025, effectively surpassing its entire KSh 48.8 billion full-year earnings for 2024 and putting it on track for its most profitable year on record.
- •The performance for the period ending September 30 was driven by expanded lending margins, lower funding costs, and strong growth across its regional and insurance businesses.
- •This pushed the Group’s Return on Equity (RoE) to 26.4% and Return on Assets (RoA) to 4.1%.
- •The Group closed the quarter with stronger profitability, higher asset quality coverage, and continued balance sheet stability.
Total income rose on the back of higher Net Interest Income as loan yields improved and funding costs eased.
Non-funded income also increased, supported by fees and FX trading. Operating costs were broadly stable as efficiency initiatives held cost growth below revenue growth.
The loan book expanded and deposits increased, supporting further scale.
Group Financial Performance (KSh Bn)
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Net Interest Income | 93.5 | 80.6 | +16% |
| Non-Funded Income | 62.8 | 61.1 | +3% |
| Total Income | 156.3 | 141.7 | +10% |
| Profit Before Tax | 65.6 | 51.0 | +29% |
| Profit After Tax | 54.1 | 40.9 | +32% |
The loan book reached KSh 859.8 Bn, up 7% YoY in constant currency.
Customer deposits closed the quarter at KSh 1.35 Tn, up 2% YoY.
Asset quality improved, with the Group NPL ratio easing to 12.1% from 13.4% in Q3 2024 and IFRS coverage rising to 71%.
Subsidiaries and Non-Banking Contributions
Kenya remained the largest contributor, supported by higher margins and lower funding costs. Rwanda, Uganda, Tanzania, and DRC delivered positive loan growth and stronger returns.
South Sudan remained profitable though smaller in scale.
Selected Banking Subsidiary Highlights (KSh Bn)
| Subsidiary | Revenue | PBT | YoY PBT Growth | Share of Group PBT |
| Kenya (EBKL) | 80.2 | 35.3 | +50% | 54% |
| DRC (EBCDC) | 47.8 | 17.7 | +18% | 27% |
| Uganda (EBUL) | 11.4 | 3.5 | +46% | 5% |
| Rwanda (EBRL) | 9.6 | 5.5 | +4% | 8% |
| Tanzania (EBTL) | 5.1 | 1.9 | +111% | 3% |
| South Sudan (EBSSL) | 2.2 | 0.1 | -88% | 0% |
The diversified banking footprint continued to support earnings depth. Regional subsidiaries contributed 45% of Group PBT.
Non-Banking and Insurance
The insurance business recorded strong growth in premiums, revenue, and investment income. Profit Before Tax increased on improved underwriting performance and higher returns on invested assets.
The success of the Group's digital-first strategy was evident, with 98% of all transactions conducted outside of branches.
The value of transactions processed through self-service channels like Equity Mobile and USSD reached KSh 2.88 Trillion during the quarter, underscoring a fundamental shift in customer behavior and operational efficiency.
Insurance Group Performance (KSh Mn)
| Metric | Q3 2025 | Q3 2024 | YoY |
| Gross Written Premiums | 6,554 | 3,825 | +71% |
| Total Revenue | 2,463 | 1,573 | +57% |
| PBT | 1,460 | 1,070 | +36% |
Finserve and the payments ecosystem maintained positive revenue growth and continued to support digital transaction volumes across the Group.
Overall, The earnings momentum and diversified contribution profile provide a platform for sustained performance in the coming periods.
Strategic Momentum & Social Impact
The Group continues to execute its long-term Africa Recovery and Resilience Plan.
It now serves 17.9 million customers and has established dominant market leadership in key areas, having disbursed 45% of all MSME loans in Kenya between January and July 2025.
Through the Equity Group Foundation, the Group has directed KSh 98 Billion in social investments, impacting millions in education, agriculture, and entrepreneurship across its operating region.