I&M Group PLC has posted a strong financial performance for the year ended December 31, 2025, recording a 22 percent increase in Profit Before Tax (PBT) to Sh24.2 billion.
The strong performance was largely supported by robust operating revenues across all markets, a resilient income mix, and a strengthening balance sheet.
The Group’s total revenue rose by 19 percent to Sh60.3 billion, supported by growth in both interest and non-interest income.
“The Group’s strong performance is a clear testament to the growing strength, resilience and synergy of our operations across all our markets. It reflects the disciplined execution of our strategy and reinforces our confidence that we are delivering meaningful value for both our customers and shareholders,” I&M Group Regional CEO Mr. Kihara Maina remarked.
“This momentum positions us firmly on the path toward our long-term ambition of becoming Eastern Africa’s leading financial partner for growth,” he added.
Net interest income increased by 16 percent to Sh46 billion, reflecting improved lending activity and stable interest margins. Meanwhile, non-interest income grew by an impressive 31 percent to Sh14.4 billion.
The Group’s total asset base expanded by 15 percent to Sh668.9 billion, reflecting steady business growth and increased customer confidence.
During the year, loans and advances increased by seven percent to Sh306 billion, signalling continued demand for credit and the Bank’s appetite to support productive lending across the region. Customer deposits also grew strongly, increasing by 17 percent to Sh484 billion.
Operating expenses increased by 19 percent, which the Group attributed to branch expansion, investments in brand-building initiatives, and staff upskilling aimed at supporting long-term growth.
Wealth and insurance businesses record sharp expansion
The lender reported a strong growth in Bancassurance and Wealth Management, two areas the Group has prioritised as part of its broader strategy.
Assets Under Management (AUM) surged by 223 percent to close at Sh99 billion, driven by rising consumer demand for wealth solutions and investment products.
I&M Bancassurance Intermediary Limited also posted significant growth, with underwritten premiums increasing to Sh4.7 billion in 2025 from Sh2.8 billion in 2024, supported by an expanded client base.
Commission and interest income rose by 20 percent to Sh549 million, up from Sh457 million the previous year.
In line with the improved performance, the Board recommended a final dividend of Sh2.25 per share, bringing the total dividend for the year to Sh3.75 per share. This represents a 25 per cent increase from 2024.
Kenya business remains anchor, PBT rises 29 percent
I&M Bank Kenya, the Group’s anchor unit, recorded robust growth, with total operating income rising by 22 percent to Sh40.4 billion in 2025 from Sh33.1 billion in 2024.
This performance was supported by a 17 percent increase in net interest income and a 41 percent jump in non-interest income.
Profit Before Tax at the Kenya unit climbed by 29 percent to Sh17.4 billion, up from Sh13.5 billion in 2024.
Operating expenses increased by 15 per cent year-on-year, reflecting continued investments in business growth initiatives and branch network expansion.
Despite a tight operating environment, customer deposits in Kenya grew by 15 percent, demonstrating resilience in the Bank’s customer base.
The lender also reported improved asset quality, with the gross Non-Performing Asset (NPA) ratio declining from 14.3 percent in 2024 to 13.3 percent in 2025.
Regional subsidiaries strengthen growth
The Group’s regional subsidiaries continued to play a critical role in driving earnings and supporting long-term ambitions across East Africa.
In Rwanda, I&M Bank Rwanda posted a 24 percent increase in Profit Before Tax in local currency, driven by increased economic activity.
I&M Bank Tanzania recorded a 21 percent rise in Profit Before Tax in local currency, supported by strong asset growth, while I&M Bank Uganda delivered the strongest performance among the subsidiaries, posting a 48 percent increase in Profit Before Tax in local currency.
The Uganda unit also reported a sharp rise in total assets, growing from UGX 1.1 trillion in December 2024 to UGX 1.4 trillion in December 2025.
Meanwhile, Bank One in Mauritius, the Group’s joint venture with CIEL Group, recorded a four percent increase in Profit Before Tax in local currency.
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