Kenya Mortgage Refinance Company (KMRC) reported a 2.7% dip in profit after tax to KSh 544.3 million in the first half of 2025, down from KSh 559.4 million in the same period of 2024. This decline was primarily due to a significant rise in interest expense, which increased by nearly a quarter.

• Net interest income for KMRC slipped by 2.9% to KSh 927.2 million.
• Total assets of the company expanded by 26.7% to KSh 40.95 billion, largely propelled by a 58% surge in loans and advances.
• Despite the profit dip, KMRC remains well-capitalized, highlighting its growing presence in Kenya’s mortgage refinancing market.