KCB Group (KCB) Q1 2025 earnings summary

Executive summary

• Posted KShs.16.53B profit after tax in Q1 2025, nearly flat year-over-year from KShs.16.48B.

• Total revenues rose 2% to KShs.49.4B; balance sheet reached KShs.2.03T, up from KShs.1.99T.

• Subsidiaries outside Kenya contributed 32% of profit before tax, reflecting regional expansion.

• Maintained industry leadership in balance sheet size and customer deposits at KShs.1.4T.

Financial highlights

• Operating costs increased 7.8% to KShs.22.7B, mainly due to workforce and tech investments.

• Provisions for expected credit losses declined by 11.3% due to improved NPL monitoring.

• Gross NPLs at KShs.233B; NPL ratio at 19.3% amid challenging economic conditions.

• Return on equity reached 23.3%; total equity attributable to shareholders up 28.4% to KShs.297.1B.

Outlook and guidance

• Focus on leveraging scale, technology, and partnerships to deepen financial inclusion and drive growth.

• Anticipates tougher operating environment due to global trade tensions and regional geopolitics.