HF Group posts Sh337 million pre-tax profit for Q1 2025, recording 112% year-on-year growth

0
22

HF Group PLC has posted a remarkable 112 per cent year-on-year increase in its pre-tax profit for the first quarter of 2025, signalling the success of its ongoing transformation and diversification strategy.

The Group’s Profit Before Tax (PBT) rose to Sh337 million, up from Sh159 million in Q1 2024.

The sharp rise in earnings was underpinned by a 33 per cent  growth in total income, which climbed to Sh1.41 billion from Sh1.06 billion in the previous year.

Net interest income saw a robust 46 per cent increase, while non-funded income contributed 30 per cent of total revenues, fueled by higher earnings from fees and commissions, custodial services, and income generated by the Group’s property and insurance subsidiaries.

“We continue to realise the impact of our transformation journey. Our business model has evolved significantly, enabling us to deliver sustainable growth and value to our shareholders,” said HF Group CEO Robert Kibaara while releasing the results.

Mr. Kibaara also highlighted the successful completion of a rights issue earlier this year, which was oversubscribed by 38 per cent.

This exercise significantly boosted the Group’s capital position and reinforced investor confidence.

LEAVE A REPLY

Please enter your comment!
Please enter your name here