Old Mutual Holdings posted a net profit of Sh856 million for the year ended December 31, 2025, representing a 2 per cent increase from Sh838 million recorded in 2024.
The company, which operates in Kenya, Uganda, Rwanda, and South Sudan, recorded a consolidated profit before tax of Sh1.9 billion, said the profit growth was powered by double-digit growth in asset management and strong performance in life business.
Total assets grew slightly by 6 percent to Sh79.2 billion, up from Sh74.8 billion in 2024, while total equity strengthened by 3 percent to Sh20.4 billion from Sh19.7 billion, reinforcing the Group’s financial stability and long-term capacity to support customers and drive growth.
“We have strengthened our capital position, significantly improved our liquidity, and delivered strong growth in life and asset management position while continuing to invest in digital innovation,” Old Mutual Holdings Group CEO Arthur Oginga said.
Growth during the year was largely driven by strong performance in the financial services firm’s asset management businesses. Assets under management at Old Mutual Investment Group Uganda grew by 34 percent, supported by sustained inflows into the unit trust business, contributing to the Asset Management business delivering a profit before tax of Sh992 million, up from Sh837 million in 2024.
Life posted a profit before tax of Sh791 million, up from Sh681 million in the prior year, supported by improved operational efficiency across its core segments.
The Group further strengthened its investment performance through improved treasury management and enhanced asset–liability matching, helping maintain stable returns despite a declining interest rate environment.
Its cash and cash equivalents increased by 33 percent to Sh15.1 billion from Sh11.3 billion in 2024, providing enhanced financial flexibility to support growth, digital investment, distribution expansion, and pursue sustainable growth opportunities across its markets.
Cash and cash equivalents increased by 33 percent to Sh15.1 billion from Sh11.3 billion in 2024, providing enhanced financial flexibility to support growth, digital investment, distribution expansion, and pursue sustainable growth opportunities across its markets.
