Kenya Re announced a profit after tax growth of 50% to KSh 1.58 billion for the half-year ended June 30, 2025, up from KSh 1.06 billion a year prior. This significant increase was primarily driven by higher investment income and a substantial 97% reduction in foreign exchange losses.

• Profit After Tax reached KSh 1.58 billion, a 50% increase.

• The key organization involved is Kenya Re, a listed reinsurance company.

• Foreign exchange losses significantly narrowed to KSh 22 million from KSh 844 million, playing a crucial role in the increased profitability amidst declining insurance revenue and service results.

CIC Insurance Group reported a 10% decline in half-year profit after tax to KSh 638.5 Mn, despite growth in insurance revenue, as increased insurance costs were largely cushioned by strong investment and asset management income.

• Profit after tax fell to KSh 638.5 Mn, down 10% year-on-year, while total assets expanded 13% to KSh 70.1 Bn in the first half of 2025.
• CIC’s insurance revenue grew by 8.4% to KSh 13.87 Bn, but insurance service results plunged 88% to KSh 128.2 Mn due to higher claims and underwriting costs.
• Net investment result surged 121% to KSh 1.51 Bn and asset management income increased 37% to KSh 829.33 Mn, offsetting the drag from insurance profitability.

Express Kenya PLC reduced its half-year net loss to KSh 42.9 million in June 2025, an improvement from KSh 54.1 million in 2024, despite a drop in revenue and worsening gross loss. The logistics firm is strategically pivoting to real estate through a KSh 13 billion diversification plan to counter ongoing financial pressures.

• Net loss narrowed by 20.7% to KSh 42.9 million, aided by a KSh 16.7 million tax credit.
• Express Kenya PLC is launching Project Nexus, a KSh 13 billion mixed-use real estate development in Nairobi, to diversify revenue streams.
• Revenue decreased by 6% to KSh 12.8 million, and shareholders’ funds fell by 21% to KSh 369 million, while borrowings increased by 9% to KSh 388 million.

M Oriental Bank reported a 19.2% rise in half-year profit to KSh 93.1 Mn for the period ending June 30, 2025, despite pressure on asset quality and capital ratios. To address capital requirements, the bank will hold an Extraordinary General Meeting (EGM) to propose issuing new shares.

• Profit after tax increased to KSh 93.1 Mn from KSh 78.1 Mn in 2024.
• M Oriental Bank's core capital slipped to KSh 2.51 Bn, falling below the Central Bank of Kenya’s (CBK) phased minimum requirement of KSh 3 Bn by end-2025.
• An EGM is scheduled for September 5, 2025, for shareholders to vote on authorizing the issuance of up to 50 million new ordinary shares of par value KSh 20 each over a five-year period to bolster its capital base.

Flame Tree Group Holdings significantly narrowed its half-year losses to KSh 76 million in H1 2024, an improvement from KSh 90.6 million previously, driven by revenue growth in East Africa and cost efficiencies. The company’s revenue increased by 2% year-on-year to KSh 1.84 billion, while finance costs decreased by 13% due to reduced net debt.

• Net loss reduced to KSh 76 million from KSh 90.6 million in H1 2024.
• Revenue grew to KSh 1.84 billion, up 2%, supported by growth in East Africa.
• Finance costs decreased by 13% to KSh 157 million, aided by an KSh 88 million reduction in net debt.
• Water, Sanitation & Packaging (WSP) segment saw expansion in Kenya and strong growth in Rwanda.
• FMCG (Cosmetics & Snacks) revenue in Kenya rose 16%, and Rwanda gained 30%.
• CEO Heril Bangera highlighted resilience and strategic focus on debt reduction and growth for H2.