Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

I&M Group, a Nairobi-based financial services conglomerate, strengthened its position across East Africa in 2025, posting a profit of Ksh18.78 billion ($145 million), up from Ksh14.72 billion ($113.4 million) the previous year. The increase was driven by higher income and lower funding costs, according to the company’s recently released financial statements.

Non-interest income rises to $113.6 million from $84.7 million

For the Kenyan banking giant, total operating income rose to Ksh60.32 billion ($464.9 million) from Ksh50.59 billion ($389.9 million) in 2024. Non-interest income climbed to Ksh14.74 billion ($113.6 million) from Ksh10.99 billion ($84.7 million), while net interest income grew to Ksh45.95 billion ($354.2 million) from Ksh39.6 billion ($305.2 million), helped by a drop in interest expenses to Ksh23.24 billion ($179.1 million) from Ksh30.54 billion ($235.4 million).

The results reflect gains from a strategy that emphasizes wealth management products. Assets under management surged 223 percent to Ksh99 billion ($764 million), underscoring the bank’s ability to generate more revenue from existing clients in a market where nearly all customers now transact digitally. The group reports that 98 percent of its clients use digital channels, highlighting the shift toward deepening engagement rather than adding new users.

Total assets hit $5.3 billion

I&M Group operates across Kenya, Tanzania, Rwanda, Uganda, and Mauritius, serving more than 870,000 customers. Its Kenyan operations include I&M Bank Limited, which manages 21 branches and serves over 6,300 clients, and I&M Burbidge Capital Limited, which advises companies on capital raising, IPOs, private equity, debt, and mergers and acquisitions. Other units include I&M Bancassurance Intermediary Limited, I&M Realty Limited, and I&M Capital, which oversees investment funds under Capital Markets Authority supervision.

The group’s total assets rose to Ksh688.88 billion ($5.3 billion) from Ksh580.9 billion ($4.47 billion), while shareholders’ equity climbed to Ksh115.16 billion ($887.6 million) from Ksh93.81 billion ($723.1 million). Retained earnings grew to Ksh75 billion ($578.1 million) from Ksh62.42 billion ($481.1 million). Following the strong results, the board recommended a final dividend of Ksh2.25 ($0.017) per share, totaling Ksh3.92 billion ($30.2 million). Along with an interim dividend of Ksh1.5 ($0.011) per share paid in January 2026, total dividends for 2025 reached Ksh6.52 billion ($50.25 million), up from Ksh5.02 billion ($38.7 million) in 2024.