I&m Group Plc · NSEKE:IMH
I&m — H1 2025 Earnings Presentation
44 slides from I&m's earnings presentation, August 2025
Slide 1: HY 2025 Investor Presentation
HY 2025 INVESTOR PRESENTATION
Slide 2: Our Regional Footprint
Classification: Confidential Our Regional Footprint KENYA UGANDA I&M Bank Ltd I&M Bank (Uganda) Ltd UGANDA ✓562,200+ customers ✓64 Branches ✓81,700+ customers KENYA ✓72 ATMs ✓12 Branches ✓14 ATMs ✓2,018 staff ✓311 staff RWANDA RWANDA MAURITIUS I&M Bank (Rwanda) PLC Bank One Limited TANZANIA ✓123,600
Slide 3: iMara 3.0 Strategy (2024 – 2026)
Classification: Confidential iMara 3.0 Strategy (2024 – 2026) Long Term Ambition Eastern Africa’s Leading Financial Partner for Growth Best Bank for >90 % 3 Year Impact +10 Mn Lives Digitally Active Customer Experience Objectives Impacted Customers (NPS>70%) 1 2 3 Develop Leadership in Build Relevan
Slide 4: Our North Star
Classification: Confidential Our North Star 2026 Aspiration Return on Equity +20% Develop Leadership in our Core Segments (Corporate & Commercial) Digitally Active Customers + +90% Impact Net Promoter Score >10 Million Lives Build Relevance in Emerging +70% Customer Segments (Retail & SMEs) + Grow t
Slide 5: Our Key Successes
Classification: Confidential Our Key Successes Customer Numbers Revenue from New Business HY 2024 HY 2025 HY 2024 HY 2025 >635,000 >851,000 22% 24% Net Promoter Score Subsidiary PBT Contribution Lives Impacted HY 2024 HY 2025 HY 2024 HY 2025 78% 77% 26% ~8.3 Million 24% (851K+ direct customers & 7.4
Slide 6: Developing Leadership in our Core Segment: Corporate & Institutional Banking
Classification: Confidential Developing Leadership in our Core Segment Corporate & Institutional Banking Cross Border Business Revenue Building the Trade Business USD 4.7Mn +104% New Target Building Growth the Trade Areas Business Oil & Gas Sector Public Sector China Desk Leasing 10% of CIB’s Operat
Slide 7: Segment Expansion – Corporate & Institutional Banking
Classification: Confidential Segment Expansion – Corporate & Institutional Banking Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) CIB Contribution to Operating Income 183.9 40% 199.5 164.2 32% 12% 31% 195.4 135.0 2% 22% 5% 186.6 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 H1 2023 H1 20
Slide 8: Building Relevance in Emerging Customer Segment: Retail & Business Banking
Classification: Confidential Building Relevance in Emerging Customer Segment Retail & Business Banking (RBB) Engaging our Customers with Improved Phygital Experiences Accelerating Growth through Customer Centric Distribution Channels Product Building Innovation the Trade Business +9 150 138 34% Grow
Slide 9: Segment Expansion – Retail & Business Banking (RBB)
Classification: Confidential Segment Expansion – Retail & Business Banking (RBB) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) RBB Contribution to Operating Income 90.7 255.2 58% 88.7 245.4 52% 2% 45% -4% 15% 7% 83.2 221.8 HY 2023 HY 2024 HY 2025 HY 2023 HY 2024 HY 2025 HY 2023 HY 2024 HY
Slide 10: Becoming a Leader in Ecosystems
Classification: Confidential Becoming a Leader in Ecosystems 7.4Mn Building the Trade Business 8% Building the Trade Business > 4Mn Lives Impacted Contribution to Average Monthly Digital Operating Income Transactions HY 2025 Achievements ■ Contributed KES 1.7Bn to Group operating income driven by su
Slide 11: Financial Contribution: All Segments
Classification: Confidential Financial Contribution: All Segments Customer Deposits (KES Bn) 419.4 429.4 356.8 164.2 +12% 183.9 Contribution to Operating Income 135.0 +22% -4% +15% 255.2 245.4 31% 221.8 32% 40% HY 2023 HY 2024 HY 2025 Corporate & Retail & Business Institutional Banking 45% 52% Net L
Slide 12: Strategy Review: Investing for Growth
Classification: Confidential Strategy Review: Investing for Growth Digitization People Brand Investment in Technology as % Investment in People as a % Investment in Brand as a % of Total Capital Expenditure 10% 42% 3% of Total Operating Expenses of Total Operating Expenses Digitally Active Customers
Slide 13: Creating Impact - >600,000 Trees Grown
Classification: Confidential Creating Impact - > 600,000 Trees Grown Environment Conservation In 2025, I&M Foundation has committed KES 88.5M in tree-growing initiatives, supporting biodiversity, restoring ecosystems, and creating green jobs for local communities. 13 Classification: Confidential
Slide 14: Creating Impact - Scholarships in Secondary and Tertiary level
Classification: Confidential Creating Impact > 650 Scholarships in Secondary and Tertiary level Education and Skills Development I&M Foundation is investing KES 48.1M over 3 years to expand the Enterprise Challenge equipping 1,716 students in 5 counties with digital, financial, and entrepreneurial s
Slide 15: Creating Impact - Women and youth trained and skilled
Classification: Confidential Creating Impact > 600 women and youth trained and skilled in sustainable avenues for income generation. Economic Empowerment In Kenya, I&M Foundation partners with Jonathan Jackson Foundation to empower youth and women in informal settlements, and with Maa Trust to help
Slide 16: I&M Bank Limited, Kenya
VAN | Group I&M BANK LIMITED, KENYA
Slide 17: Kenya Macroeconomic Update
Kenya Macroeconomic Update Real GDP Growth Headline Inflation Rate (avg) Key Highlights 5.7% 7.6% 7.7% 5.2% 4.9% 4.7% Real GDP Growth: Moderate but stable growth underpinned by regional integration efforts, public infrastructure 4.5% investments and a recovery in key 4.2% sectors (i.e. agriculture,
Slide 18: Financial Update: Kenya Delivers 21% Income Growth and 31% PBT Increase in H1-2025
Classification: Confidential Financial Update: Kenya Delivers 21% Income Growth and 31% PBT Increase in H1-2025 75% (2024:74%) contribution to Profit Before Tax; 71% (2024:73%) to Total Assets Operating Income (KES Bn) Profit Before Tax (KES Bn) 18.7 8.2 Key Ratios FY H1 H1 H1 2024 2025 2024 2023 15
Slide 19: Customer-Centric Growth at Scale
Classification: Confidential Customer-Centric Growth at Scale: Fueling Growth Through Trust, Access and Digitization Customer Growth Trajectory Number of Branches NPS County 62% 71% 75% 81% 12 24 Score Presence 64 61 562K 48 40 451K 2.4X 2022 2023 2024 H1-2025 Quarterly Digital Transactions (Mn) 300
Slide 20: Corporate and Institutional Banking (CIB): Strong Growth Anchored in Higher Margins
Classification: Confidential Corporate and Institutional Banking (CIB): Strong Growth Anchored in Higher Margins and Diversification CIB Operating Income (KES, Bn) CIB CASA (KES, Bn) 6.4 58.6 +64.7% 43.9 3.9 22.3 H1-2023 H1-2025 H1-2023 H1-2024 H1-2025 Trend in CIB Revenue Diversification Initiative
Slide 21: Retail Banking (RB): Unlocking Lending Potential Across Segments While Growing Deposits
Classification: Confidential Retail Banking (RB): Unlocking Lending Potential Across Segments While Growing Deposits RB Operating Income (KES, Bn) RB CASA (KES, Bn) +24% 4.6 +26% 49.6 3.8 40.5 39.3 H1-2023 H1-2025 H1-2023 H1-2024 H1-2025 Key Loan Disbursements (KES, Bn) Key Highlights 8.2 ▪ Retail a
Slide 22: Wealth Management and Bancassurance: Expanding Assets, Reach and Revenue
Classification: Confidential Wealth Management and Bancassurance: Expanding Assets, Reach and Revenue Wealth Management - AUM (KES Bn) Total Bancassurance Revenue (Commission & Interest Income KES Mn) +238.4% +15% 70.0 +52% 352.7 305.4 201.2 +59.5% 20.7 13.0 H1-2023 H1-2024 H1-2025 H1-2023 H1-2024 H
Slide 23: Classification: Confidential Classification: Confidential
Classification: Confidential 23 Classification: Confidential
Slide 24: Subsidiary Performance Highlights
SUBSIDIARY PERFORMANCE HIGHLIGHTS
Slide 25: Tanzania Macroeconomic Update
Tanzania Macroeconomic Update Real GDP Growth Headline Inflation Rate (avg) Key Highlights 6.1% 4.3% 5.5% 3.8% 5.1% Real GDP Growth: GDP growth is 4.7% expected to remain strong driven by 3.1% 3.1% investment in infrastructure, agriculture and mining. Further improvements in the business environment
Slide 26: Tanzania: 5% contribution to Profit Before Tax
Classification: Confidential Tanzania : 5% (Q1 2024:5%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provision expense (KES Bn) PBT (KES Bn) 0.5 2.5 0.4 0.58 0.3 1.8 0.41 1.4 40% -27% +43% +31% 25% +985% 0.04 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1
Slide 27: Tanzania: 7% contribution to Total Assets
Classification: Confidential Tanzania: 7% (Q1 2024:7%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn)) Customer Deposits (KES Bn) 42.4 24.4 31.8 23.3 +9% 38.4 +11% 29.1 37.3 +14% +2% 21.9 28.5 -3% -6% H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H
Slide 28: Rwanda Macroeconomic Update
Rwanda Macroeconomic Update Real GDP Growth Headline Inflation Rate (avg) 8.9% 19.8% Key Highlights 8.2% 8.2% 17.7% Real GDP Growth: GDP growth is expected to significantly fall below trend 5.9% largely reflecting base effects. Even then, compared to its regional peers, the growth trajectory remains
Slide 29: Rwanda: 15% contribution to Profit Before Tax
Classification: Confidential Rwanda : 15% (Q1 2024:16%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provision expense (KES Bn) PBT (KES Bn) 3.5 3.6 1.6 0.48 1.3 +4% 0.40 +19% 2.5 +37% -16% 0.8 +59% +3413% 0.01 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024
Slide 30: Rwanda: 14% contribution to Total Assets
Classification: Confidential Rwanda: 14% (Q1 2024:14%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 82.4 39.6 55.4 77.0 51.5 35.0 65.2 +8% +7% 29.9 +13% 38.4 +17% +34% +18% H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024
Slide 31: Uganda Macroeconomic Update
Uganda Macroeconomic Update Real GDP Growth Headline Inflation Rate (avg) 6.3% 7.2% Key Highlights 5.8% 5.5% 5.0% Real GDP Growth: Softer growth linked to 5.4% tighter fiscal conditions and external headwinds. Presently, policymakers are 4.0% focusing on structural stability to reinforce 3.3% confid
Slide 32: Uganda: 2% contribution to Profit Before Tax
Classification: Confidential Uganda : 2% (Q1 2024:2%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provision Expense (KES Bn) PBT (KES Bn 1.4 1.5 0.06 0.21 1.2 0.17 +23% +3% 0.02 +180% -171% 0.13 +22% +34% (0.04) H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 H1 2023 H1 202
Slide 33: Uganda: 7% contribution to Total Assets
Classification: Confidential Uganda: 7% (Q1 2024:6%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 15.1 40.3 30.8 32.6 33.9 25.4 +19% 23.7 10.1 10.4 +21% +44% +4% +3% +7% H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1
Slide 34: Mauritius Macroeconomic Update
Mauritius Macroeconomic Update Real GDP Growth Headline Inflation Rate (avg) 8.7% 10.8% Key Highlights Real GDP Growth: The economy us transitioning from a strong recovery phase 7.1% to a more stable expansion supported by 5.0% 4.9% the financial services and tourism sectors. However, external deman
Slide 35: Mauritius: 4% contribution to Profit Before Tax
Classification: Confidential Mauritius : 4% (Q1 2024:4%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provision Expense (KES Bn) PBT (KES Bn) 0.53 3.06 1.0 2.48 2.49 0.89 +25% +23% -19% 0.7 +522% -108% -26% (0.04) (0.13) H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 H1 202
Slide 36: Mauritius Balance Sheet
Classification: Confidential Mauritius Balance Sheet Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 184.5 77.2 161.6 +21% 154.2 153.1 132.5 126.8 +22% -1% 73.0 -15 +4% 70.8 -3% H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 Key Ratios FY H1 20
Slide 37: Group Financial Highlights
GROUP FINANCIAL HIGHLIGHTS 37
Slide 38: Group Income Statement
Classification: Confidential Group Income Statement Operating Income (KES Bn) Profit before Provisions (KES Bn)* 27.4 15.4 Key Ratios H1 2025 H1 2024 H1 2023 22.7 11.9 19.1 9.8 +30% Cost to income ratio 43% 48% 49% +21% Cost of Risk 2.8% 2.5% 2.6% +21% ROE 16% 14% 13% +19% ROA 2.9% 2.3% 2.1% H1 2023
Slide 39: Group Balance Sheet
Classification: Confidential Group Balance Sheet Total Assets (KES Bn) Customer Deposits (KES Bn) 588.9 419.4 429.4 564.4 Key Ratios H1 2025 H1 2024 H1 2023 356.8 4% +2% +18% Loans to Deposits 67.6% 67.8% 75.6% Net NPA 4.1% 5.2% 6.8% +12% 503.5 Total Capital/Total Risk 20% 18% 19% Weighted Assets Li
Slide 40: Strong Liquidity and Capital Position Across Subsidiaries
Classification: Confidential Strong Liquidity and Capital Position Across Subsidiaries Liquidity Ratio Capital Adequacy 57% 52% 22.1% 42% 17.1% 17.2% 7.6% 16.0% 37% 2.6% 2.2% 15.5% 1.5% 3.0% 29% 14.5% 15.0% 14.5% 14.5% 12.5% 20% 20% 20% 20% 20% Kenya Rwanda Tanzania Uganda Mauritius Kenya Rwanda Tan
Slide 41: Share Price Movement (KES)
Classification: Confidential Classification: Confidential 10.00 15.00 20.00 25.00 30.00 35.00 40.00 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Share Price Movement (KES) Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-2
Slide 42: Group Summary Highlights
Classification: Confidential Group Summary Highlights Total Income (KES) Profit Before Tax (KES) Profit After Tax (KES)* 27.4bn 11.7 bn 8.3 bn +21% +34% +36% *PAT before non-controlling interest Net Loans & Advances (KES) Customer Deposits (KES) Cost of Risk 290 bn 429 bn 2.8% +2% +2% Absolute +0.3%
Slide 43: Disclaimer
Classification: Confidential DISCLAIMER The contents herein have been presented in good faith. The information, statements and opinions set out in this presentation and subsequent discussion do not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation o
Slide 44: Thank You
Thank You Merci Webale Murakoze Asante I&M GROUP PLC 1 PARK AVENUE 1ST PARKLANDS P.O. BOX 30238 – 00100 TEL: +254 (0)20 3221000 Investor-Relations@imgroup-plc.com