Returns from State bonds drive HF Group's profit by 150pc

HF Group nearly doubled interest income on government paper in the six months to June 2025, raising its profit before tax by 148 per cent to Sh702.9 million...
✨ Key Highlights
HF Group significantly boosted its half-year 2025 profit by 150%, driven primarily by increased returns from government bonds. The financial solutions provider reported a profit before tax of Sh702.9 million for the six months to June 2025, a substantial rise from Sh283.0 million in 2024.
- HF Group's interest income from government securities nearly doubled, reaching Sh1.3 billion by June 2025, up from Sh676.0 million in the same period in 2024.
- Chief Executive Robert Kibaara attributed the strong performance to the firm's transformation and diversification strategy, highlighting the success of its recent rights issue.
- The Group’s total deposits grew by 15% to Sh52.5 billion, and its banking subsidiary was upgraded to a tier-two bank due to increased market share and capital base.
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