HF Group has posted a profit before tax of Kes 1.14 billion for the third quarter of 2025, representing a 265% year-on-year growth compared to a similar period in 2024.
The strong performance is attributed to a significant reduction in the cost of funds, increased interest income, and growth in non-funded income. The Group’s diversification strategy has been instrumental, with all its subsidiaries recording higher profitability.
HF Group CEO Robert Kibaara noted that the business is firmly on an upward trajectory.
> “The Group is on a growth trajectory and our business is growing strongly across all our three subsidiaries. Our diversification strategy is yielding results, and the growth engines we have created over the last few years are now all scaling well,” he said.
Financial Performance Highlights
Profit Before Tax: Kes 1.14 billion (265% YoY growth)
Net Interest Income: Up 63% to Kes 3.2 billion
Non-Funded Income: Up 29% to Kes 1.3 billion
Total Deposits: Up 20% to Kes 55 billion
Total Assets: Up 22% to Kes 80 billion
Liquidity Ratio: 54.2%, more than double the regulatory minimum
Core Capital to Risk-Weighted Assets Ratio: 21.9%, well above the required 10.5%
The Group also reported a 52% growth in operating income. Net interest income and non-funded income demonstrated strong momentum as the business continues to expand across diversified revenue lines.
Kibaara emphasized that HF Group remains well-capitalized and customer-focused:
> “We have a well-capitalized business and we are delivering value propositions that are relevant to customers. We will continue to invest in customer value propositions and digitization to increase opportunities for customers to self-serve. Further, we have reduced our base lending rate twice this year to support our customers.”
This year, as HF Group celebrates its 60th anniversary, it achieved two major milestones:
It was added to the Morgan Stanley Frontier Markets Small Cap Index, a key benchmark for global investors tracking emerging markets.
Its banking subsidiary, HFC, was promoted to Tier 2 status, signalling stronger capital and operational performance.
