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Originally published by Capital Business
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business
August 23, 2025
2d ago

Sanlam Kenya Posts Sh30.9 Million Half-Year Profit, Strengthens Capital Base

Sanlam Kenya Posts Sh30.9 Million Half-Year Profit, Strengthens Capital Base

NAIROBI, Kenya Aug 23 - Listed non-bank financial services provider Sanlam Kenya Plc (NSE: SLAM) has reported a Sh30.9 million net profit for the Kenya breaking news | Kenya news today |..

✨ Key Highlights

Sanlam Kenya Plc reported a net profit of Sh30.9 million for the half-year ended June 2025, driven by strong insurance revenues and prudent capital management. The company significantly strengthened its capital base through a successful rights issue and reduced borrowings.

  • Insurance revenues increased to Sh3.73 billion from Sh3.52 billion in the same period last year.
  • Sanlam Kenya's rights issue raised share capital to Sh2.7 billion, and shareholders' funds more than doubled to Sh3.85 billion.
  • Borrowings sharply reduced from Sh4.2 billion to Sh1.19 billion, improving the company’s leverage.

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