I&M Group reported a profit after tax of KES 4.2 billion for the first quarter of 2025, a 16.7% increase year-on-year, the group announced on 27 May 2025. Profit before tax reached KES 5.9 billion, up 16% year-on-year. The group operates in Kenya, Tanzania, Rwanda, Uganda and Mauritius.
Net interest income rose 11.9% year-on-year to KES 9.4 billion, even though the loan book grew only 1% to KES 294 billion. Total operating income increased 12% to KES 13 billion, in line with 12% growth in operating expenses, while loan loss provisions rose slightly.
REGIONAL CONTRIBUTION
I&M Group said its regional diversification strategy was delivering value, with subsidiaries outside Kenya contributing 26% of group profit before tax, up from 24% a year earlier.
Loan loss provisions stood at KES 1.6 billion during the quarter. The group described its approach to asset quality as cautious.