Equity Group Holdings LimitedNSEKE: EQTY

Audited financial statements for the year ended 31 dec...

· Issued by Equity Group Holdings Limited
EQUITY GROUP HOLDINGS PLC AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES FOR THE YEAR ENDED 31 DECEMBER 2025

III. OTHER DISCLOSURES

  1. NON-PERFORMING LOANS AND ADVANCES

    1. Gross non performing loans and advances

    2. Less interest in suspense

EQUITY BANK (KENYA) LIMITED

EQUITY GROUP HOLDINGS PLC

BANK

COMPANY

GROUP

31 Dec 2025

Shs. '000'

(Audited)

84,695,926

21,556,126

31 Dec 2024

Shs. '000'

(Audited)

92,985,027

21,483,288

31 Dec 2025

Shs. '000'

(Audited)

-

-

31 Dec 2024

Shs. '000'

(Audited)

-

-

31 Dec 2025

Shs. '000'

(Audited)

110,096,968

25,795,534

31 Dec 2024

Shs. '000'

(Audited)

121,997,045

26,039,630

c) Total non-performing loans and advances (a-b)

63,139,800

71,501,739

-

-

84,301,434

95,957,415

d) Less loan loss provision

31,486,542

35,044,570

-

-

47,754,923

51,661,585

e) Net non- performing loans (c-d)

31,653,258

36,457,169

-

-

36,546,511

44,295,830

f) Discounted value of securities

27,773,749

35,686,338

-

-

32,667,002

43,525,000

g) Net NPLs exposure (e-f)

3,879,509

770,830

-

-

3,879,509

770,830

2) INSIDER LOANS AND ADVANCES

a) Directors, shareholders and associates

5,861,604

6,642,766

-

-

9,250,730

8,317,725

b) Employees

9,231,782

9,158,521

-

-

20,517,498

19,089,037

c) Total insider loans and advances and other facilities

15,093,386

15,801,287

-

-

29,768,228

27,406,762

3) OFF BALANCE SHEET ITEMS

132,320,101

4,818,592

-

75,275,933

2,667,361

-

-

-

-

-

-

-

267,096,928

12,042,578

-

133,158,381

53,911,356

-

  1. Letter of credit, guarantees and acceptances

  2. Forwards,swaps and options

  3. Other contingent liabilities

d) Total contingent liabilities

137,138,693

77,943,294

-

-

279,139,506

187,069,737

4) CAPITAL STRENGTH

a) Core capital

122,173,989

132,336,448

-

-

298,286,720

251,503,364

b) Minimum statutory capital

3,000,000

1,000,000

-

-

3,000,000

1,000,000

c) Excess / (deficiency)

119,173,989

131,336,448

-

-

295,286,720

250,503,364

d) Supplementary capital

17,796,054

16,885,716

-

-

22,898,721

25,200,447

e) Total capital (a+d)

139,970,043

149,222,164

-

-

321,185,441

276,703,812

f) Total risk weighted assets

850,486,505

846,170,962

-

-

1,564,832,050

1,453,481,084

5) RATIOS

g) Core capital / total deposit liabilities

14.4%

15.7%

-

-

20.5%

18.0%

h) Minimum statutory ratio

8.0%

8.0%

-

-

8.0%

8.0%

i) Excess / (deficiency) (g-h)

6.4%

7.7%

-

-

12.5%

10.0%

j) Core capital / total risk weighted assets

14.4%

15.6%

-

-

19.1%

17.3%

k) Minimum statutory ratio

10.5%

10.5%

-

-

10.5%

10.5%

l) Excess / (deficiency) (j-k)

3.9%

5.1%

-

-

8.6%

6.8%

m) Total capital / total risk weighted assets

16.5%

17.6%

-

-

20.5%

19.0%

n) Minimum statutory ratio

14.5%

14.5%

-

-

14.5%

14.5%

o) Excess / (deficiency) (m-n)

2.0%

3.1%

-

-

6.0%

4.5%

6) LIQUIDITY

a) Liquidity ratio

77.3%

79.7%

-

-

64.7%

57.4%

b) Minimum statutory ratio

20.0%

20.0%

-

-

20.0%

20.0%

c) Excess / (deficiency) (a-b)

57.3%

59.7%

-

-

44.7%

37.4%

  1. STATEMENT OF FINANCIAL POSITION

    1. ASSETS

      1. Cash (both local & foreign)

      2. Balances due from Central Bank of Kenya

      3. Kenya Government and other securities held for dealing purposes

      4. Financial assets at fair value through profit and loss

      5. Investment securities:

        1. Amortised Cost:

          1. Kenya Government securities

          2. Other securities

        2. Fair value through other comprehensive income (FVOCI):

          1. Kenya Government securities

          2. Other securities

  1. Deposits and balances due from local banking institutions

  2. Deposits and balances due from banking institutions abroad

  3. Tax recoverable

  4. Loans and advances to customers (net)

  5. Balances due from group companies

  6. Investments in associates

  7. Investments in subsidiary companies

  8. Investments in joint ventures

  9. Investment properties

  10. Property and equipment

  11. Prepaid lease rentals

  12. Intangible assets

  13. Deferred tax asset

  14. Retirement benefit asset

  15. Other assets

EQUITY BANK (KENYA)

EQUITY GROUP HOLDINGS PLC

LIMITED

BANK

COMPANY

GROUP

31 Dec 2025

31 Dec 2024

31 Dec 2025

31 Dec 2024

31 Dec 2025

31 Dec 2024

Shs. '000'

Shs. '000'

Shs. '000'

Shs. '000'

Shs. '000'

Shs. '000'

(Audited)

(Audited)

(Audited)

(Audited)

(Audited)

(Audited)

19,229,402

20,423,684

51,931,366

22,147,817

74,384,730

99,913,282

63,265,776

27,024,154

-

-

63,265,776

27,024,154

-

-

-

-

-

-

-

-

-

-

-

-

410,922,743

385,404,557

-

-

577,782,541

511,981,731

7,872,079

8,556,572

-

-

84,634,324

36,860,918

7,872,079

8,556,572

-

-

36,048,213

29,708,958

-

-

-

-

48,586,111

7,151,960

403,050,664

376,847,985

-

-

493,148,217

475,120,813

299,245,918

271,197,534

-

-

299,265,695

271,197,534

103,804,746

105,650,451

-

-

193,882,522

203,923,279

3,870,000

4,460,726

-

-

98,509,584

80,238,029

55,024,672

80,736,470

-

-

153,202,270

137,433,138

3,029,398

545,035

-

266,211

4,287,953

2,949,367

409,447,447

422,258,658

-

-

882,457,036

819,235,956

2,924,377

3,714,172

-

-

-

-

-

-

-

-

-

-

100,000

100,000

104,216,459

101,632,459

-

-

-

-

-

-

-

-

-

-

-

-

5,897,305

6,087,403

8,159,307

8,068,060

4,167

5,930

24,995,970

23,392,708

-

-

-

-

-

-

11,096,139

12,362,632

-

-

19,689,309

14,907,894

16,065,743

29,433,210

168,558

-

21,222,956

35,496,553

-

-

-

-

-

-

37,477,235

33,148,372

3,051,003

4,017,321

45,296,813

45,964,213

21. TOTAL ASSETS

1,040,612,239

1,027,679,730

159,371,553

128,069,738

1,970,992,243

1,804,624,428

B. LIABILITIES

22. Balances due to Central Bank of Kenya

-

-

-

-

-

-

23. Customer deposits

705,877,298

643,218,523

-

-

1,455,142,011

1,399,648,121

24. Deposits and balances due to local banking

institutions

-

7,136

-

-

-

7,136

25. Deposits and balances due to foreign banking institutions

143,279,980

198,321,591

-

-

-

-

26. Other money market deposits

-

2,015,264

-

-

4,504,583

3,746,817

27. Borrowed funds

38,124,455

45,945,041

13,194,086

13,225,010

80,258,356

70,517,785

28. Balances due to group companies

-

-

-

-

-

-

29. Tax payable

-

-

125,976

-

1,892,382

618,893

30. Dividends payable

-

-

-

-

-

-

31. Deferred tax liability

-

-

-

83,749

4,841,418

3,295,990

32. Retirement benefit liability

-

-

-

-

2,604,430

2,163,083

33. Other liabilities

17,125,258

15,070,065

16,485,872

15,239,510

95,645,862

77,760,509

34. TOTAL LIABILITIES

904,406,991

904,577,620

29,805,934

28,548,269

1,644,889,042

1,557,758,334

C. SHAREHOLDER'S FUNDS

35. Paid up / assigned capital

30,000,000

30,000,000

1,886,837

1,886,837

1,886,837

1,886,837

36. Share premium / (discount)

9,964,132

9,964,132

15,325,264

15,325,264

15,325,264

15,325,264

37. Revaluation reserve

2,172,269

(17,752,033)

-

-

(13,124,860)

(32,662,142)

38. Retained earnings / accumulated losses

88,868,848

100,890,011

90,653,018

66,271,250

278,516,115

232,834,184

39. Statutory loan loss reserve

5,199,999

-

-

-

5,199,999

617,176

40. Other reserves

-

-

-

-

-

-

41. Proposed dividends

-

-

21,700,500

16,038,118

21,700,500

16,038,118

42. TOTAL SHAREHOLDERS' FUNDS

136,205,248

123,102,110

129,565,619

99,521,469

309,503,855

234,039,437

43. Non controlling interests

-

-

-

-

16,599,346

12,826,657

44. TOTAL LIABILITIES AND SHAREHOLDERS' FUNDS

1,040,612,239

1,027,679,730

159,371,553

128,069,738

1,970,992,243

1,804,624,428

II. STATEMENT OF COMPREHENSIVE INCOME

1. INTEREST INCOME

1.1 Loans and advances

58,228,059

60,841,576

-

-

105,883,632

107,672,324

1.2 Government securities

43,997,577

42,824,987

-

-

60,964,125

56,481,009

1.3 Deposits and placements with banking institutions

2,267,049

3,636,526

1,265,121

1,389,327

5,963,506

5,514,141

1.4 Other interest Income

116,741

125,613

-

-

827,108

617,527

1.5 Total interest income

104,609,426

107,428,702

1,265,121

1,389,327

173,638,371

170,285,001

2. INTEREST EXPENSES

2.1 Customer deposits

27,135,459

39,942,246

-

-

35,684,273

48,483,928

2.2 Deposits and placements from banking institutions

305,587

3,150,711

-

-

1,415,545

4,604,884

2.3 Other interest expense

4,633,609

7,846,433

1,291,783

1,416,290

9,599,295

8,486,418

2.4 Total interest expenses

32,074,655

50,939,390

1,291,783

1,416,290

46,699,113

61,575,230

3. NET INTEREST INCOME

72,534,771

56,489,312

(26,662)

(26,963)

126,939,258

108,709,771

4. NON-INTEREST INCOME

4.1 Fees and commissions income on loans & advances

9,482,967

8,741,365

-

-

11,300,531

10,559,291

4.2 Other fees and commissions income

13,385,132

13,457,526

-

-

48,451,229

44,821,260

4.3 Foreign exchange trading income

2,643,250

3,960,235

-

-

15,651,129

12,587,386

4.4 Dividend income

340,425

300,000

47,575,154

20,464,158

-

-

4.5 Other income

10,206,590

6,323,071

(58,978)

2,201,343

15,397,738

17,104,390

4.6 Total non-interest income

36,058,364

32,782,197

47,516,176

22,665,501

90,800,627

85,072,327

5. TOTAL OPERATING INCOME

108,593,135

89,271,509

47,489,514

22,638,538

217,739,885

193,782,098

6. OPERATING EXPENSES

6.1 Loan loss provision

10,871,869

8,498,192

-

-

14,485,766

20,176,301

6.2 Staff costs

20,523,379

17,564,722

59,673

81,072

39,564,847

33,269,806

6.3 Directors' emoluments

80,864

87,058

88,855

87,247

421,467

395,741

6.4 Rental charges

375,564

310,187

1,291

1,578

562,907

366,347

6.5 Depreciation on property and equipment

3,260,484

2,645,746

1,968

1,947

7,104,174

5,961,012

6.6 Amortisation charges

1,898,973

1,516,457

-

-

2,671,986

2,179,079

6.7 Other operating expenses

27,551,432

31,988,321

937,160

983,790

60,814,088

70,693,857

6.8 Total operating expenses

64,562,565

62,610,683

1,088,947

1,155,634

125,625,235

133,042,143

7.0 Profit / (loss) before tax and

44,030,570

44,030,570

(7,253)

(4,828,481)

39,194,836

-

39,194,836

-19,924,302

-

-

-

26,660,826

26,660,826

(4,075,715)

1,486,769

24,071,880

-

24,071,880

-15,763,591

-

-

-

46,400,567

46,400,567

(568,493)

250,311

46,082,385

-

46,082,385

-

-

-

-

-

21,482,904

21,482,904

-(1,170,536)

20,312,368

-

20,312,368

-

-

-

-

-

92,114,650

92,114,650

(12,388,870)

(4,177,798)

75,547,982

(3,584,174)

71,963,808

(3,134,856)

33,077,336

(417,638)

(9,797,909)

60,739,955

60,739,955

(12,139,693)

223,096

48,823,358

(2,273,839)

46,549,519

(22,821,026)

23,193,730

1,588,815

-(6,958,119)

exceptional items

8.0 Exceptional items

9.0 Profit / (loss) after exceptional items

10. Current tax

11. Deferred tax

12. Profit / (loss) after tax and exceptional items

12.1 Non-controlling interest

13. Profit / (loss) after tax and exceptional items

and minority interest

14. Other comprehensive income

14.1 Gains / (losses) from translating the financial

statements of foreign operations

14.2 Fair value changes in FVOCI financial assets

14.3 Remeasurement of defined

benefit obligation

14.4 Share of other comprehensive income of

associates

14.5 Income tax relating to components of other

comprehensive income

15. Other comprehensive income for the year net of tax

19,924,302

15,763,591

-

-

19,726,933

(4,996,600)

16. Total comprehensive income for the year

59,119,138

39,835,471

46,082,385

20,312,368

95,274,915

43,826,758

EARNINGS PER SHARE- BASIC & DILUTED DIVIDEND PER SHARE -DECLARED

1,306.49

1,533.87

802.40

583.33

12.21

5.75

5.38

4.25

19.07

5.75

12.34

4.25

Proposed Dividend

The Directors of Equity Group Holding Plc have recommended a dividend of Kenya Shillings Five Shillings Cents Seventy Five for each ordinary share on the issued and paid-up capital of the Company for the financial year ended 31 December 2025. Subject to shareholders' approval, the dividend will be payable to the members of the Company registered on the share register of the Company (the "Share Register") on the closure date, 22nd May 2026.

Annual General Meeting

A general meeting will be held on 24th June 2026. Details to be communicated in due course.

Audited Financial Statements

The statement of financial position, the statement of comprehensive income and the disclosures presented above have been prepared from the financial records of the Company and its subsidiaries which have been audited by PricewaterhouseCoopers LLP (PwC). The Auditors have issued an unqualified opinion on the Financials. These published statements are also available on the Group's website http://www.equitygroupholdings.com/investor-relations and the board approved them on Tuesday, 17th March, 2026.

These financial statements are extracts from the books of the institution. The complete set of audited financial statements, statutory and qualitativedisclosures can be accessed on the Institution's website www.equitygroupholdings. com. They may also be accessed at the institution's head office located at Equity Centre, 9th floor, Hospital Road Upper Hill.

2024

  • Position 19 in Africa

  • Position 1 in East Africa

  • Position 9 on liquidity

  • Position 3 on soundness (Capital Assets to Assets ratio)

  • 2 strongest banking brand

nd

in the world (2024)

•

(2024 & 2025)

  • 10th most valuable banking brand in Africa (2024)

Most valuable brand in Kenya

EUROMONEY AWARDS

  • Best Bank for Corporate Responsibility in Africa (2022, 2023 & 2024)

  • Best Bank for Corporate Responsibility in Kenya (2022, 2023 & 2024)

  • Overall Best Bank in Kenya (2023 & 2024)

  • Best Bank for SMEs in Kenya (2023 & 2024)

INSURANCE AWARDS 2025

Equity Bancassurance Intermediary Limited

  • Best Bancassurance Intermediary Ltd - 1st Runner Up

  • Risk Management Award - 1st Runner Up

  • Best Bancassurance Intermediary in Life Products - 2nd Runner Up

  • Most Admired Financial Services Brand in Africa-2024

  • Best Bank in Agriculture

    Financing-Winner (5 years running)

  • Best Bank in Asset Financing-Winner (8 years running)

  • Best Bank in Mortgage Financing-Winner

  • Special Judges Award for Product

Innovation- Winner (5 years running)

•

Best bank in Microfinance (8 years

  • Best Bank in Agency Banking-

running)

Equity Life Assurance (K) Limited

  • Life Insurer of the Year - Winner

  • Most Customer- centric Underwriter -Winner

  • Claims Settlement Award - Winner

  • Best Insurance Company in Ecosystem Partnerships and Cross-Industry Collaboration - Winner

  • Insurance Company in Sustainable CSR -1st Runner Up

  • Best Insurance Company in Technology Application - 1st Runner Up

Winner (8 years running)

  • CEO of the Year - Dr. James Mwangi (5

Equity Life Assurance (K) Limited

  • The Lowest Loss Ratio Award -Life Insurance

  • The Group Life Insurance

years running)

•

Best Bank in Sus

Social Responsibility-

tainable Corporate

Innovation Award

  • Group Life

Insurance Company of the Year.

1st Runner Up for

  • Best Bank in Financial Literacy Programs- (Winner)

  • Best Bank in SME Banking-Winner (3 years running)

Winner (7 years running)





Signed........................................

Prof. Isaac Macharia Group Chairman

Regulated by the Central Bank of Kenya.

Signed.............................................



Dr. James Mwangi, CBS









Group Managing Director & CEO

Earlier from Equity

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