(3 Minutes Read)
The Group’s total income rose by 33% to KES 1.41 billion, up from KES 1.06 billion in Q1 last year. Indicated is a key driver behind this growth, a 46% surge in net interest income, supported by a solid contribution from non-funded income, which now accounts for 30% of total revenues.
HF Group has kicked off 2025 on a high note, posting a pre-tax profit of KES 337 million for the first quarter, an impressive 112% increase compared to KES 159 million recorded during the same period in 2024.
This strong performance showcases the effectiveness of the Group’s transformation journey and growing confidence in its diversified business model.
The Group’s total income rose by 33% to KES 1.41 billion, up from KES 1.06 billion in Q1 last year. Indicated is a key driver behind this growth, a 46% surge in net interest income, supported by a solid contribution from non-funded income, which now accounts for 30% of total revenues. The non-interest income was boosted by gains from fees and commissions, custodial services, as well as the performance of HF Group’s property and insurance subsidiaries.
CEO Robert Kibaara, while releasing the financial results, credited the significant growth to the Group’s ongoing strategy to diversify its revenue streams and strengthen operational efficiency.
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Investor confidence in the Group appears to be on the rise, as reflected in a 16% growth in total deposits to KES 51.0 billion. At the same time, HF Group’s balance sheet expanded by 18% to KES 73.4 billion. Liquidity remained robust at 45.1%, more than double the statutory minimum of 20%, indicating strong short-term financial health.
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