HF Group’s Profit Jumps 134% in H1 2025, Bank Unit Upgraded to Tier II
HF Group's profit more than doubles in H1 2025 as Tier II bank upgrade boosts capital base, deposits and balance sheet growth...
✨ Key Highlights
HF Group PLC has reported a significant financial uplift in the first half of 2025, with profit after tax soaring by 134% to KSh 624.3 million. This strong performance, benefiting from rising interest income and lower funding costs, coincides with its banking subsidiary's upgrade to a Tier II bank, reflecting enhanced market position and capital base.
- HF Group's profit after tax for H1 2025 increased by 134% to KSh 624.3 million.
- The Group's banking subsidiary has been upgraded to a Tier II bank, with total capital rising from KSh 1.789 billion in June 2024 to KSh 8.936 billion in June 2025.
- HF Group CEO Robert Kibaara attributed the strong results to the success of their transformation and diversification strategy, evidenced by a 53% rise in net interest income to KSh 2.04 billion.
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Old Mutual, Kenya Airways, and HF Group Report Mixed H1 2025 Financial Results - August 2025
Companies reported varied financial performances for the first half of 2025. Old Mutual Holdings PLC reported a sharp profit plunge of 98-99% to KShs 5 million for the half year ended June 30, 2025, citing lower interest rates and weakened insurance service results. Similarly, Kenya Airways reported a significant loss of Sh12 billion, a reversal from a Sh513 million profit a year earlier, attributing the downturn to grounded aircraft and reduced passenger traffic. In contrast, HF Group PLC announced a 134% jump in profit after tax to KSh 624.3 million, a performance that contributed to its banking subsidiary's upgrade to a Tier II bank.
