News

Equity Group Reports Kes 60.7 Billion in Profits Before Tax

March 27, 2025

thumbnail (1) — From Left to Right: Zainab Bangura, the UN Under-Secretary-General and Director-General of the United Nations Office in Nairobi, Equity Group Managing Director and CEO, Dr. James Mwangi and Wanjira Mathai, Managing Director of the Africa Division, World Resources Institute, during the launch of Equity Group's 2023 Sustainability Report. The report underscores the Group's commitment to advancing sustainability through the enhancement of its strategy from a twin engine to a holistic tri-engine model focusing on Social, Economic, Nature and Environment all driving a sustainable business model. This go-to market approach will see the Group accelerate its actions in key sustainability areas such as Environmental, Social, Climate and Nature risk management, climate finance, socio-economic resilience support, sustainable integrated financial services, and stakeholder impact.

While releasing the full year 2024 results, Dr. James Mwangi, Equity Group Holdings Plc Managing Director and CEO, said, “We are proud of the resilience demonstrated by the Group amidst a challenging global economic landscape. Our financial strength gives us the flexibility to seize opportunities as the regional economy presents diversified levers for growth. The Group’s liquidity and capital position remains strong, positioning us to better support our customers in the years ahead.”

In FY 2024, Equity Group Holdings Plc achieved a Profit After Tax (PAT) of Kshs 48.8 billion, reinforcing the continued success of the Group’s diversified business model and prudent financial management.

The Group’s Profit Before Tax (PBT) grew by 17% to Kshs 60.7 billion, while Earnings Per Share (EPS) rose by 11% to Kshs 12.3, signifying the Group’s robust financial performance.

https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-5321711126284338&output=html&h=90&slotname=1004958277&adk=1346993705&adf=2379151396&pi=t.ma~as.1004958277&w=728&abgtt=6&lmt=1743058982&rafmt=11&format=728×90&url=https%3A%2F%2Fsokodirectory.com%2F2025%2F03%2Fequity-group-reports-ksh-60-7-billion-in-profits-before-tax%2F&fwrattr=true&wgl=1&uach=WyJXaW5kb3dzIiwiMTAuMC4wIiwieDg2IiwiIiwiMTM0LjAuMzEyNC44NSIsbnVsbCwwLG51bGwsIjY0IixbWyJDaHJvbWl1bSIsIjEzNC4wLjY5OTguMTY2Il0sWyJOb3Q6QS1CcmFuZCIsIjI0LjAuMC4wIl0sWyJNaWNyb3NvZnQgRWRnZSIsIjEzNC4wLjMxMjQuODUiXV0sMF0.&dt=1743058976707&bpp=1&bdt=6757&idt=5640&shv=r20250324&mjsv=m202503240101&ptt=9&saldr=aa&abxe=1&cookie=ID%3De0aa7fdd1201a506%3AT%3D1729585743%3ART%3D1743058067%3AS%3DALNI_Ma9EOtNY0q3UWqfrXs3LmPmQzkW7g&gpic=UID%3D00000f4b90cdcda1%3AT%3D1729585743%3ART%3D1743058067%3AS%3DALNI_MbC9iDi5REtxbAEfqJVr4FQiaRj_w&eo_id_str=ID%3D9ca0acc1f2dc828c%3AT%3D1729585743%3ART%3D1743058067%3AS%3DAA-AfjZdxVS7Y0cmzuS0YC2OZP_Q&prev_fmts=0x0%2C728x90%2C728x90&nras=1&correlator=2413426591291&frm=20&pv=1&u_tz=180&u_his=4&u_h=768&u_w=1366&u_ah=728&u_aw=1366&u_cd=24&u_sd=1&dmc=4&adx=93&ady=1775&biw=1343&bih=650&scr_x=0&scr_y=0&eid=31084128%2C31091181%2C95344788%2C95353387%2C95356498%2C95356506%2C31090358%2C95355300%2C95340252%2C95340254&oid=2&pvsid=139558993649930&tmod=1770873803&wsm=1&uas=0&nvt=1&ref=https%3A%2F%2Fsokodirectory.com%2F2025%2F03%2Fim-group-profits-before-tax-up-25-to-close-at-ksh-20-8-billion%2F&fc=1920&brdim=0%2C0%2C0%2C0%2C1366%2C0%2C1366%2C728%2C1358%2C650&vis=1&rsz=%7C%7CeEbr%7C&abl=CS&pfx=0&fu=128&bc=31&bz=1.01&td=1&tdf=2&psd=W251bGwsbnVsbCxudWxsLDNd&nt=1&pgls=CAEaBTYuNy4y&ifi=4&uci=a!4&btvi=2&fsb=1&dtd=5650

The Group’s total deposits grew to reach Kshs 1.4 trillion, with the customer base growing to 21.6 million, showcasing the scale and reach of the deposit franchise.

The Group’s liquidity position remains strong, with cash and cash equivalents rising by 17% to Kshs 339 billion, while investment securities grew to Kshs 512 billion, contributing to an overall liquidity ratio of 57%. This positions the Group to effectively underpin the Groups’ Africa Recovery and Resilience Plan (ARRP), a private sector-led development plan championed by Equity aimed at catalyzing, capacitating, connecting, and financing enterprises and households across Africa.