Absa has reported a net profit of Ksh. 11.7 billion for the half-year ended June 30, 2025. This represents a 9% rise as compared to Ksh.10.7 Billion reported in a similar period last year.
The rise in profitability was on the back a rise in non-interest income which grew by 3.3% to Kshs 9.1 billion, driven by diversified streams from fees and commissions. However, during the period net interest income fell by 2.9% to Kshs 22.3 billion. The gains were largely driven by the payments business, foreign exchange trading, and advisory services, reflecting Absa’s ongoing efforts to diversify revenue streams.
On the other hand, operating expenses fell by 10.49% to hit Ksh. 14.66 Billion. This was largely as a result of a reduction in loan loss provision by 38% to Kshs. 3.2 billion compared to the same period last year.
Customer deposits increased by 2.3% to Kshs. 361 billion, while customer assets declined by 3.6% to Kshs. 305 billion, reflecting the prevailing macroeconomic headwinds. Total assets grew by 10.4% to Kshs. 532 billion, underscoring the strength of the balance sheet.
“Our results highlight the resilience of our operations and the relevance of our growth strategy, centred on being the primary partner for our customers,” said Abdi Mohamed, Managing Director and CEO. “We are unlocking value across both traditional and emerging revenue streams while positioning the business for long-term growth.
In Corporate and Investment Banking, the Absa executed landmark transactions, including being the lead advisor in a Kshs 2.5 billion rights issue and the dual listing of the Satrix MSCI World ETF. The launch of the Absa Custody Business further deepened its capital markets infrastructure.
| Metric | June 30, 2025 | June 30, 2024 | YoY Change |
| Net Interest Income | KShs 22.34 Billion | KShs 22.74 Billion | -1.76% |
| Non- Interest Income | KShs 9.12 Billion | KShs 8.02 Billion | 13.72% |
| Operating Expenses | KShs 14.66 Billion | KShs 16.56 Billion | -10.49% |
| Operating Income | KShs 31.46 Billion | KShs 31.83 Billion | -1.16% |
| Profit Before Tax (PBT) | KShs 16.80 Billion | KShs 15.27 Billion | 10.02% |
| Profit After Tax (PAT) | KShs 11.68 Billion | KShs 10.71 Billion | 9.05% |
| Total Assets | KShs 531.58 Billion | KShs 481.42 Billion | 10.42% |
| Total Equity | KShs 89.00 Billion | KShs 73.03 Billion | 21.88% |
| Customer Deposits | KShs 361.34 Billion | KShs 353.34 Billion | 2.27% |
| Loans & Advances (Net) | KShs 304.94 Billion | KShs 316.37 Billion | -3.62% |
| Gross NPLs | KShs 44.24 Billion | KShs 39.40 Billion | 12.28% |
| Earnings per Share (EPS) | KShs 2.15 | KShs 1.86 | 15.59% |
| Interim DPS | KShs 0.20 | KShs 0.20 | 0.00% |