Equity Group Holdings Plc has delivered a stellar financial performance, recording a Profit After Tax (PAT) of Kshs 48.8 billion for the 2024 financial year. The Group’s impressive results underscore its resilience, innovation, and strategic expansion, reinforcing its position as a market leader.

While unveiling the results, Dr. James Mwangi, Managing Director and CEO, highlighted the Group’s adaptability in navigating a challenging global economy. “Our financial strength allows us to seize emerging opportunities and support our customers as the regional economy evolves,” he stated.

Equity Group’s Profit Before Tax (PBT) surged 17 percent to Kshs 60.7 billion, while Earnings Per Share (EPS) climbed 11 percent to Kshs 12.3, signaling robust financial health. The customer base expanded to 21.6 million, driving total deposits to a record Kshs 1.4 trillion.

With cash and cash equivalents soaring 19 percent to Kshs 345 billion and investment securities reaching Kshs 512 billion, the Group maintains a solid liquidity ratio of 57 percent. This strong position enables Equity to fuel its ambitious Africa Recovery and Resilience Plan (ARRP)—a private-sector-led initiative designed to finance and empower enterprises and households across Africa.

By catalyzing, capacitating, connecting, and financing businesses, the ARRP is set to drive economic transformation across the continent. As Equity continues to expand, innovate, and invest in sustainable growth, it cements its role as a financial powerhouse shaping Africa’s future.