NAIROBI, Kenya, June 4 – BK Group has reported a profit after tax of Sh2.29 billion billion for the first quarter of 2025, representing a 5.4 percent increase year-on-year, according to its unaudited consolidated financial results released today.
The Nairobi Securities Exchange (NSE)-listed company attributed the profit surge to a combination of improved net interest income and tighter cost management.
Net interest income rose by 11.2 percent to Sh4.57 billion, while total operating expenses dropped by 10.1 percent, improving the cost-to-income ratio to 33.9 percent from 38.5 percent in Q4 2024.
“We are pleased with the momentum carried into the first quarter of 2025 across all our subsidiaries,” said its CEO, Uzziel Ndagijimana.
“Despite headwinds in the macro environment, our disciplined execution and innovation across business lines have allowed us to remain resilient and forward-looking.”
On a quarter-on-quarter basis, net income surged 18 percent, signaling accelerated recovery and efficiency gains.
Basic earnings per share rose to Sh9.85, up from Sh8.90 recorded in FY 2024.
BK Group’s total assets increased by 3.3 percent to Sh237.12 billion, while net loans and advances grew by 6.5 percent to Sh140.88 billion.
Shareholders’ equity also saw a healthy 5.6 percent rise, reflecting sustained investor confidence.
The Group’s capital and liquidity positions remained robust, with core capital at 20.5% of risk-weighted assets and liquid assets making up 37.1 percent of total assets.
The non-performing loan ratio was maintained at 3.6 percent, well below the 5 percent regulatory limit.
