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INVESTOR BRIEFING Q3 | 2025 PERFORMANCE EQUITY GROUP HOLDINGS PLC
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2 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Equity Group Holdings Plc Headquarters Equity Centre, Upperhill, Nairobi Table of Contents 1 2 3 4 5 6 7 8 9 10 11 12 13 14 14 Equity Group’s Philosophies 4 Governance and Organizational Structure 5 Macroeconomic and Operating Environment 12 Strategy Overview 21 Banking Group 26 Overall Banking Group Performance 39 Insurance Group 45 Technology Group 54 Contribution of Non-Banking Business 60 Equity Group Foundation 62 Overall Group Performance 69 Appendices – Awards and Accolades 79 Macroeconomic Environment Indicator and Trends 89 Glossary 96
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3 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Table of Contents 1 2 3 4 5 6 7 8 9 10 11 12 13 14 14 Equity Group’s Philosophies 4 Governance and Organizational Structure 5 Macroeconomic and Operating Environment 12 Strategy Overview 21 Banking Group 26 Overall Banking Group Performance 39 Insurance Group 45 Technology Group 54 Contribution of Non-Banking Business 60 Equity Group Foundation 62 Overall Group Performance 69 Appendices – Awards and Accolades 79 Macroeconomic Environment Indicator and Trends 89 Glossary 96
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Equity Group’s Philosophies Our Purpose: Our Vision: Our Mission: Positioning Statement: Our Inspiration: Professionalism Integrity Creativity & Innovation Teamwork Unity of Purpose Respect and Dignity for the Customer Effective Corporate Governance Our Core Values: Transforming lives, giving dignity and expanding opportunities for wealth creation. We provide inclusive financial services that transform livelihoods, give dignity and expand opportunities. That when years turn our vision dim and gray, we shall still see beauty in the tired wrinkles of our faces and shall take comfort out of the fact and knowledge that when we were given the opportunity, we did all we could to empower our people to exploit opportunities and realize their full potential on the road to economic prosperity. To be the champion of the socio-economic prosperity of the people of Africa. We offer integrated financial services that socially and economically empower consumers, businesses and communities. 4 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Governance and Organizational Structure
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5 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Governance and Organizational Structure
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Governance & Risk Management Framework Equity Group Foundation Equity Afya RISK COMMITTEE PROCUREMENT COMMITTEE Governance and Organizational Structure Breadth and Depth of the Management Team E GH Str ategy Str a t egy e x ecuti on via close i n t er acti on be tw een CE O of fice a nd C orpor a t e o f fice Br eadth and di v er si ty of c orpor a t e fu ncti on supp ort ed by e xpanded l eader shi p a t sub si diar i es Con ti nuous i n v es tmen t in t echni c al s ki l l s base t o del i v er speci ali z ed s er vices a n d pr oducts and e x ecut e wit h oper a ti onal e f ficiency an d dri v e t ale n t manag emen t Pr o-acti v e man ag eme n t t o r esp ond t o dynami c m ark e t and ri s k en vi r onmen t 6 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Governance and Organizational Structure Breadth and Depth of the Management Team E GH Str ategy Str a t egy e x ecuti on via close i n t er acti on be tw een CE O of fice a nd C orpor a t e o f fice Br eadth and di v er si ty of c orpor a t e fu ncti on supp ort ed by e xpanded l eader shi p a t sub si diar i es Con ti nuous i n v es tmen t in t echni c al s ki l l s base t o del i v er speci ali z ed s er vices a n d pr oducts and e x ecut e wit h oper a ti onal e f ficiency an d dri v e t ale n t manag emen t Pr o-acti v e man ag eme n t t o r esp ond t o dynami c m ark e t and ri s k en vi r onmen t 7 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Dr.James Mwangi,CBS G r oup Managing Di r e c t or & Chief E x ecuti v e Offi c e r Samuel K irub i G r oup Chief Ope r atin g Offi c e r Brent Mal aha y G r oup Chief St r a t egy Offi c e r G ertrude K Chief Legal Offi c e r G r L ydia Ndirang u oup Company Sec r e t a r y Group Executive Management arugab a Beth Kithinji Group Chief Internal Auditor Group Finance Director Stephen Owuyo E mma n u e l De h Group Chief Credit Origination Officer Group Executive Management D a v i d Ssegaw a G r oup D i r e c t o r H u m a n Resou r c es J o y DiBen edett o G r oup D i r e c t o r Global Affairs, strategic Relations and Communication M i c hael K w o f i e Chief In f o r m a tion O ffi c e r Rene K a l o n j i C h ief P r o duct Offi c e r Pau l W a f u l a Group Director Internal Controls and Compliance C h r i stine Bro w n e G r o up D i r e c t or Sp ecia l A s s e t s Sam G itweker e Group Chief Credit Risk Officer 8 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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E mma n u e l De h Group Chief Credit Origination Officer Group Executive Management D a v i d Ssegaw a G r oup D i r e c t o r H u m a n Resou r c es J o y DiBen edett o G r oup D i r e c t o r Global Affairs, strategic Relations and Communication M i c hael K w o f i e Chief In f o r m a tion O ffi c e r Rene K a l o n j i C h ief P r o duct Offi c e r Pau l W a f u l a Group Director Internal Controls and Compliance C h r i stine Bro w n e G r o up D i r e c t or Sp ecia l A s s e t s Sam G itweker e Group Chief Credit Risk Officer 9 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Group Executive Management Han nin g t o n Nama r a M anaging D i r e c t o r , E q u ity B a n k R wan d a Alvin Okari M a n a g i n g D i r e c t o r F i n s e r v e A f r i c a L i m i t e d James Kiarie Ag.Managing Director, E qui t y Bank S out h S u dan Moses Nyabanda Managing Director, Equity Bank Kenya Isab e l l a M a g a n g a M anaging D i r e c t o r , E q u ity B a n k T a n z a n i a Gift Shoko Managing D i r e c t o r , E qui t y Ban k Ug a n d a Willy Mulamba Managing Director E qui t yBCDC S. A Kris Mbaya Equity General Insurance (Kenya) Limited Ang ela O k i n d a Managing Director & Principal Officer Equity Life Assurance (Kenya) Limited Dr. Patrick Gatonga Managing Director & Principal Officer Managing Director & Principal Officer Equity Health Insurance (Kenya) Limited Group Board of Directors Dr. E v a n s B a i y a Non-E x ecuti v e Di r e c t o r Non-E x ecuti v e Di r e c t o r Ms. Farida Khambata Non-E x ecuti v e Di r e c t o r Mr. Nick O’Donohoe Non-E x ecuti v e Di r e c t o r Mr. Biraro Obadiah Non-E x ecuti v e Di r e c t o r Dr. Lakshmi Shyam-Sunder Group Company Secretary Lydia Ndirangu Samuel Mwale Non-Executive Director Jon as M u s h o s h o Non-E x ecuti v e Di r e c t o r Prof . Is a a c Ma c hari a Non- E x ecut i v e Cha i rma n Dr. James Mwan g i , C B S G r o u p Ma n aging D i r e c t o r a n d Chief E x ecu t i v e Offi c e r 10 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Group Board of Directors Dr. E v a n s B a i y a Non-E x ecuti v e Di r e c t o r Non-E x ecuti v e Di r e c t o r Ms. Farida Khambata Non-E x ecuti v e Di r e c t o r Mr. Nick O’Donohoe Non-E x ecuti v e Di r e c t o r Mr. Biraro Obadiah Non-E x ecuti v e Di r e c t o r Dr. Lakshmi Shyam-Sunder Group Company Secretary Lydia Ndirangu Samuel Mwale Non-Executive Director Jon as M u s h o s h o Non-E x ecuti v e Di r e c t o r Prof . Is a a c Ma c hari a Non- E x ecut i v e Cha i rma n Dr. James Mwan g i , C B S G r o u p Ma n aging D i r e c t o r a n d Chief E x ecu t i v e Offi c e r 11 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Press Release Press Release EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- 12 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Press Release EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- 13 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
Page 14
Press Release (continued...) EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- Press Release (continued...) EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- 14 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Press Release (continued...) EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- 15 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
Page 16
EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Press Release (continued...) Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- Press Release (continued...) EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- 16 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Press Release (continued...) EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- 17 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
Page 18
EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL Press Release (continued...) ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL Press Release (continued...) ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- 18 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
Page 19
EQUITY GROUP ANNOUNCES STRONG Q3 2025 RESULTS, RECORDING A 32% GROWTH IN PROFIT AFTER TAX REFLECTING STRATEGIC TRANSFORMATION • Equity Bank Kenya recovery bounced back with growth in profit after tax of Kshs. 31.1 billion up from Kshs 20.6 billion. • Equity Group’s Regional Subsidiaries Deliver Strong Performance: 19% Loan Growth in DRC and 34% in Rwanda Fuel Q3 2025 Results. • Equity Insurance Group sustains strong momentum as it reports a 71% increase in written gross premiums, contributing to a 36% growth in profit before tax. • Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025 reflecting transformation while retaining strong focus on core SME business • Q3 saw the Group achieve ~Kshs 98B ($715 million USD) cumulatively in social impact and sustainability investment initiatives. Nairobi, 30th October 2025: Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group's Profit After Tax surged 32% to Kshs 54.1 billion up from Kshs 40.9 billion, underpinned by diversified and growing revenue streams, enhanced efficiency, and strong regional contributions and strong recovery of the Kenya banking business. During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent. In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored. The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions. This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff. Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa. Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.” Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%. "Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance." In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY loan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group. “We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.” Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business. In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion. In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously. In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion. In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period. On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion. In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices. Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance. The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group. The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL Press Release (continued...) ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year. “Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued. “The Strong growth in the region provides a long-term runway and high headroom for sustained growth of the Group. We appreciate the customers for their continued support during the transformation period, their patience and the challenges experienced during the systems inconveniences. This is for the benefit of a transformative bank to a one-stop financial service provider on savings, borrow, insure, invest and move conveniently on a 24-hour basis with all commitment to support our customers. The instability of the system is behind us. We are now focusing on product house to continue to rollout products and services in our commitment to support our customers expand opportunities for wealth creation. I am glad that the transformation did not change our true north which is supporting micro, small and medium enterprises and the recent banking industry survey makes us celebrate being home to 45% of all SME loans disbursed between January to July this year. We commit to explore greater opportunities to sustain this as our core focus.’’ In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over K90.727B disbursed to SMEs in FY2025 as of July 2025. To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee. Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience. In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation. Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners. Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. -ENDS- 19 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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• Slightly Stronger Global Economic Growth: Anchored in stable growth for the U.S., E.U., and China-helpful but still sluggish. • Heightened Global Fragility, informed by trade fragmentation and geo-economic competition. • Lower Global Oil Prices Hold: Oil prices are still low, positive for most EGH economies. • General Disinflation, informed by stable inflation in U.S. and China, and lower inflation in key Asian economies. • U.S. Tariff Uncertainty Overhang: Risks further market surprises and weaker global trade activity. • Global Equity Markets Up which can fuel economic growth. We estimate world market capitalization has risen from 111% of global GDP in 2024 to about 125%. • African growth will still need to be home-grown in 2026. The Global Economic Landscape Resilience in a Dynamic Global Environment 20 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Macroeconomic and Operating Environment Macroeconomic and Operating Environment Macroeconomic and Operating Environment Macroeconomic and Operating Environment Macroeconomic and Operating Environment Macroeconomic and Operating Environment
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• Slightly Stronger Global Economic Growth: Anchored in stable growth for the U.S., E.U., and China-helpful but still sluggish. • Heightened Global Fragility, informed by trade fragmentation and geo-economic competition. • Lower Global Oil Prices Hold: Oil prices are still low, positive for most EGH economies. • General Disinflation, informed by stable inflation in U.S. and China, and lower inflation in key Asian economies. • U.S. Tariff Uncertainty Overhang: Risks further market surprises and weaker global trade activity. • Global Equity Markets Up which can fuel economic growth. We estimate world market capitalization has risen from 111% of global GDP in 2024 to about 125%. • African growth will still need to be home-grown in 2026. The Global Economic Landscape Resilience in a Dynamic Global Environment 21 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Dynamics in EGH Economies East Africa Remains a Growth Powerhouse • Inflation trends support stability: Low inflation in Kenya, Uganda, Tanzania with substantial easing in DRC. Easing trend in Rwanda encouraging, continued hyperinflation in South Sudan is unhelpful. • Commodity Prices A Boost For The region: Gold, copper and coffee prices remain high or rising, while oil and wheat are low – useful combination for most EGH economies. • Encouraging FDI in 2024: Uganda attracting the most in the region while Tanzania overtakes Kenya. Strong inflows to DRC and steady performance from Rwanda. Continued volatility for South Sudan. • Mixed impact of the end of AGOA: Kenya and Tanzania most affected, while DRC faces minimal impact. 9 of the top 20 fastest growing economies in the world are in Africa in 2025, including Rwanda and Uganda. In 2024, Rwanda and DRC were in the top 20. East Africa growth supported by robust growth in Tanzania, and stable growth in Kenya. Dynamics in EGH Economies Region well-poised to improve average income levels • East Africa is achieving per capita GDP growth rates that out perform the U.S. • To converge per capita GDP towards rich economies, EGH economies require per capita GDP growth to exceed countries like the U.S. • U.S per capita GDP is forecast to grow at 1.5% in 2025, down from 1.9%/uni00A0in 2024. • In EGH economies, per capita GDP growth is forecast to be around 2-3% in 2025-26, above the U.S. and large African economies. • All EGH countries (except South Sudan) are expected to exceed the U.S. in 2025 and 2026. 22 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Dynamics in EGH Economies Region well-poised to improve average income levels • East Africa is achieving per capita GDP growth rates that out perform the U.S. • To converge per capita GDP towards rich economies, EGH economies require per capita GDP growth to exceed countries like the U.S. • U.S per capita GDP is forecast to grow at 1.5% in 2025, down from 1.9%/uni00A0in 2024. • In EGH economies, per capita GDP growth is forecast to be around 2-3% in 2025-26, above the U.S. and large African economies. • All EGH countries (except South Sudan) are expected to exceed the U.S. in 2025 and 2026. 23 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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• Global asset allocators are still pushing money towards emerging markets. With yields so low on most EM $ bonds, investors are keen to buy higher yield African bonds. • The main risks are U.S. inflation or a U.S. recession, pushing up HY spreads and tempting money back to that market. • Kenya’s Eurobonds have risen above the highest level seen since early 2022, partly due to slightly lower US treasury yields but mainly due to a global hunt for non-U.S. assets with yield. • Rwanda’s 2031 Eurobond has performed similarly well. • Senegal is an exception, it used to trade in line with Kenya. Select Africa Eurobond Dynamics Eurobond Prices • The top 15 African economies in 2025, estimated by the IMF with most of this year's exchange rates already known, and first half GDP figures mostly released. • Nigeria still in 4th but expected to overtake Algeria in 2026. Kenya in 6th place ahead of Ethiopia, Ghana in 8th, and Angola expected to slip from 7th to 10th in 2026 due to AOA weakness. IMF October 2025 WEO Forecasts 24 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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• Global asset allocators are still pushing money towards emerging markets. With yields so low on most EM $ bonds, investors are keen to buy higher yield African bonds. • The main risks are U.S. inflation or a U.S. recession, pushing up HY spreads and tempting money back to that market. • Kenya’s Eurobonds have risen above the highest level seen since early 2022, partly due to slightly lower US treasury yields but mainly due to a global hunt for non-U.S. assets with yield. • Rwanda’s 2031 Eurobond has performed similarly well. • Senegal is an exception, it used to trade in line with Kenya. Select Africa Eurobond Dynamics Eurobond Prices • The top 15 African economies in 2025, estimated by the IMF with most of this year's exchange rates already known, and first half GDP figures mostly released. • Nigeria still in 4th but expected to overtake Algeria in 2026. Kenya in 6th place ahead of Ethiopia, Ghana in 8th, and Angola expected to slip from 7th to 10th in 2026 due to AOA weakness. IMF October 2025 WEO Forecasts 25 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Some of the strongest equity market performances in Africa over 2024-25 have been in markets which have heightened default risk and high interest payments relative to government revenues, including Egypt, Pakistan and Kenya. The default risk meant these markets were cheap as we entered 2024. Interest payments are still high, at around 30% of revenues in Kenya and Uganda. IMF forecasts imply no significant shift in these numbers over 2026-28. This is encouraging both countries to seek IMF funded programmes, as Egypt and Pakistan have done. Meanwhile, low inflation at 4% is helping justify interest rate cuts in Kenya (and the prospect of cuts in Uganda), so the interest burden should ease. Interest Payments as a Percentage of Revenues Governments need to be mindful of their interest burden, low or falling inflation helps Equity Group Presence and Market Position 26 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Equity Group Presence and Market Position 27 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Transforming Lives in Africa: Regional Footprint 28 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Strategy Overview
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29 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Strategy Overview
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Equity Group Transformation G overnan ce S C P P C u stom er P rocesses & Sy stem sS trategy P eop le • AR R P • B r a nd • O r g a ni z a t i on a l C ul t ur e • B us i ne s s M od e l • P r odu ct H ous e • S h a r e d S e r v i ce s • C us t om e r E x pe r i e nce • P e r f or m a n ce , R e w a r d & Co m pe n s a tion • E S O P • P e n s i on • M e di c a l • Gr oup Li f e • E x pa ns i v e Br a nch, Ag e n cy & A T M Ne t w or k • C ha nne l S t a bi l i t y • W or l d C l a ss D i gi t a l I nv e s t m e nt s • S h a r e hol de r s • B oa r d • E x e cut i v e M a na ge m e nt • R e gul a t or s 2030 Strategy Framework Holistic solution to achieve social and economic transformation of Africa. The Plan comprises interconnected pillars that aim to catalyse, capacitate, connect and finance enterprises and households across Africa. Scan QR code below to down load the Africa R ecovery and R esilience Plan Scan QR code below to download the The Africa Recovery and Resilience Plan in Action 30 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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2030 Strategy Framework Holistic solution to achieve social and economic transformation of Africa. The Plan comprises interconnected pillars that aim to catalyse, capacitate, connect and finance enterprises and households across Africa. Scan QR code below to down load the Africa R ecovery and R esilience Plan Scan QR code below to download the The Africa Recovery and Resilience Plan in Action 31 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Performance against ARRP Targets Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target 11.5% 14.0% 0.30 0.86 17.9 2.30 20.60.92 8.0% 40% 49% 3.2% 2030 target = 30% 2030 target = 5Mn 2030 target = 15% 2030 target = 25Mn 2030 target = 65% 2030 target = 100Mn Loan Mix - Food and Agriculture Loan Mix - Manufacturing and Logistics # Borrowing Consumers (Mn) Loan Mix - MSME # Total Unique Customers (Mn)# Borrowing Businesses (Mn) Equity Dominates MSME Lending in 2025 Equity Bank disbursed 45% of the Kes 201Bn MSME loans disbursed between January and July 2025 • Empowering MSMEs - Aligned to our ARRP strategy and in support of the 65% MSME loan mix target by 2030, Equity Bank Kenya disbursed 45% of all MSME disbursements between January and July 2025. • Expanding Financial Access - Continued MSME leadership strengthens financial inclusion and supports underserved markets across the region. E quity K C B S tanbic C oop I& M K ingdom A bsa O thers 90.7 (45%) 30.1 (15%) 19.2 (10%) 17.4 (9%) 15.4 (8%) 4.3 (2%) 4.0 (2%) 19.8 (10%) Source: Kenya Bankers Association 32 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Performance against ARRP Targets Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target Q3 2025 FY 2025 Target 11.5% 14.0% 0.30 0.86 17.9 2.30 20.60.92 8.0% 40% 49% 3.2% 2030 target = 30% 2030 target = 5Mn 2030 target = 15% 2030 target = 25Mn 2030 target = 65% 2030 target = 100Mn Loan Mix - Food and Agriculture Loan Mix - Manufacturing and Logistics # Borrowing Consumers (Mn) Loan Mix - MSME # Total Unique Customers (Mn)# Borrowing Businesses (Mn) Equity Dominates MSME Lending in 2025 Equity Bank disbursed 45% of the Kes 201Bn MSME loans disbursed between January and July 2025 • Empowering MSMEs - Aligned to our ARRP strategy and in support of the 65% MSME loan mix target by 2030, Equity Bank Kenya disbursed 45% of all MSME disbursements between January and July 2025. • Expanding Financial Access - Continued MSME leadership strengthens financial inclusion and supports underserved markets across the region. E quity K C B S tanbic C oop I& M K ingdom A bsa O thers 90.7 (45%) 30.1 (15%) 19.2 (10%) 17.4 (9%) 15.4 (8%) 4.3 (2%) 4.0 (2%) 19.8 (10%) Source: Kenya Bankers Association 33 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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34 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Banking Group
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Net Interest Margins Return on Average Assets Return on Average Equity Q3 2024 Q3 2025 Banking Group Balance Sheet Optimization and Efficiency EBKL EBCDC EBUL EBRL EBTL EBSSL 6.6% 8.1% 2.7% 4.2% 23.7% 28.3% 6.6% 6.9% 2.6% 3.1% 22.3% 23.0% 10.5% 9.3% 2.0% 3.4% 15.1% 24.1% 8.0% 7.8% 4.5% 4.3% 31.2% 29.7% 8.3% 8.3% 2.0% 3.5% 15.2% 22.2% 1.0% 2.3% 3.6% 0.3% 16.5% 1.3% 35 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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423.2 422.3 406.9 Q3 2024 FY 2024 Q3 2025 -4% 794.7 841.5 745.2 Q3 2024 FY 2024 Q3 2025 -6% (Figures in Kes Billions) Q3 2024 FY 2024 Q3 2025 53% 50% 55% 17.7% Q3 2024 17.4% Q4 2024 19.0% Q1 2025 20.0% Q2 2025 18.2% Q3 2025 63% 63% 63% 60% 60% NPL IFRS Coverage49.3 48.015.3 126.1 (13%) 794.7 (81%) Q3 2024 15.1 123.1 (12%) 841.5 (82%) FY 2024 19.9 171.4 (18%) 745.2 (76%) Q3 2025 Other Liabilities Borrowed Funds Shareholders’ Funds Deposits 985.4 1,027.7 978.1 41.6 -1% 116.0 132.6 98.0 96.2 350.0 (36%) 423.2 (43%) Q3 2024 87.4 385.4 (38%) 422.3 (41%) FY 2024 81.8 391.4 (40%) 406.9 (42%) Q3 2025 Other Assets Cash & Cash Equivalents Investment in Securities Net Loans 985.4 1,027.7 978.1 -1% Asset Base Funding Base Customer Loans Customer Deposits Loans/Deposit Ratio Balance Sheet Asset Quality -1% YoY in Constant Currency -4% YoY Loan growth in Constant Currency -6% YoY Deposits growth in Constant Currency EBKL Balance Sheet Q3 2024 FY 2024 Q3 2025 12.4% 12.4% 12.2% Q3 2024 FY 2024 Q3 2025 57% 61% 47% 42.0 (64%) 23.8 (36%) Q3 2024 53.6 (67%) 26.6 (33%) Q3 2025 Net Interest Income Non-Funded Income 65.8 80.2 +22% 23.5 35.3 Q3 2024 Q3 2025 +50% (1.1) 3.2 Q3 2024 /uni00A00.4/uni00A0 Lace /uni00A00.5/uni00A0 Fees & Comms /uni00A0(0.2) Trade finance FX income Other Income* Q3 2025 /uni00A023.8/uni00A0 /uni00A026.6/uni00A0 +12% Q3 2024 FY 2024 Q3 2025 5.8% 5.8% 4.1% Q3 2024 FY 2024 Q3 2025 6.6% 6.6% 8.1% 2.7% Q3 2024 2.4% FY 2024 4.2% Q3 2025 23.7% 20.2% 28.3% Return on Average Assets Return on Average Equity Yield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio (Figures in Kes Billions) Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE EBKL P&L *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 36 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Q3 2024 FY 2024 Q3 2025 12.4% 12.4% 12.2% Q3 2024 FY 2024 Q3 2025 57% 61% 47% 42.0 (64%) 23.8 (36%) Q3 2024 53.6 (67%) 26.6 (33%) Q3 2025 Net Interest Income Non-Funded Income 65.8 80.2 +22% 23.5 35.3 Q3 2024 Q3 2025 +50% (1.1) 3.2 Q3 2024 /uni00A00.4/uni00A0 Lace /uni00A00.5/uni00A0 Fees & Comms /uni00A0(0.2) Trade finance FX income Other Income* Q3 2025 /uni00A023.8/uni00A0 /uni00A026.6/uni00A0 +12% Q3 2024 FY 2024 Q3 2025 5.8% 5.8% 4.1% Q3 2024 FY 2024 Q3 2025 6.6% 6.6% 8.1% 2.7% Q3 2024 2.4% FY 2024 4.2% Q3 2025 23.7% 20.2% 28.3% Return on Average Assets Return on Average Equity Yield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio (Figures in Kes Billions) Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE EBKL P&L *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 37 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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+7% YoY Assets growth in Constant Currency +19% YoY Loan growth in Constant Currency +3% YoY Deposits growth in Constant Currency 253.5 271.9 302.7 Q3 2024 FY 2024 Q3 2025 +19% 487.2 542.2 504.5 Q3 2024 FY 2024 Q3 2025 +4% Q3 2024 FY 2024 Q3 2025 52% 50% 60% 6.1% Q3 2024 5.7% Q4 2024 8.9% Q1 2025 7.1% Q2 2025 7.1% Q3 2025 93% 99% 72% 89% 100% NPL IFRS Coverage (Figures in Kes Billions) 35.8 38.9 39.7 1.7 69.4 (12%) 487.2 (82%) Q3 2024 1.5 73.9 (11%) 542.2 (83%) FY 2024 88.8 (14%) 504.5 (80%) Q3 2025 Other Liabilities Borrowed Funds Shareholders’ Funds Deposits 594.1 656.5 634.3 1.3 +7% 33.3 275.0 (46%) 32.3 253.5 (43%) Q3 2024 37.5 314.4 (48%) 32.7 271.9 (41%) FY 2024 39.7 259.3 (41%) 32.6 302.7 (48%) Q3 2025 Other Assets Cash & Cash Equivalents Investment in Securities Net Loans 594.1 656.5 634.3 +7% Asset Base Funding Base Customer Loans Customer Deposits Loans/Deposit Ratio Balance Sheet Asset Quality EBCDC Balance Sheet EBCDC P&L Q3 2024 FY 2024 Q3 2025 8.5% 8.6% 8.5% Q3 2024 FY 2024 Q3 2025 53% 57% 57% 22.6 (51%) 21.8 49%) Q3 2024 23.7 (50%) 24.1 (50%) Q3 2025 Net Interest Income Non-Funded Income 44.4 47.8 +8% 15.0 17.7 Q3 2024 Q3 2025 +18% 1.1 1.1 0.8 Q3 2024 (0.4) Lace Fees & Comms Trade finance FX income (0.3) Other Income* Q3 2025 21.8 24.1 +11% Q3 2024 FY 2024 Q3 2025 1.9% 2.0% 1.6% Q3 2024 FY 2024 Q3 2025 6.6% 6.6% 6.9% 2.6% Q3 2024 2.6% FY 2024 3.1% Q3 2025 22.3% 22.7% 23.0% Return on Average Assets Return on Average Equity 15.0 18.7 Q3 2024 Q3 2025 +24% Actual PBT Constant currency PBTYield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio (Figures in Kes Billions) Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 38 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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EBCDC P&L Q3 2024 FY 2024 Q3 2025 8.5% 8.6% 8.5% Q3 2024 FY 2024 Q3 2025 53% 57% 57% 22.6 (51%) 21.8 49%) Q3 2024 23.7 (50%) 24.1 (50%) Q3 2025 Net Interest Income Non-Funded Income 44.4 47.8 +8% 15.0 17.7 Q3 2024 Q3 2025 +18% 1.1 1.1 0.8 Q3 2024 (0.4) Lace Fees & Comms Trade finance FX income (0.3) Other Income* Q3 2025 21.8 24.1 +11% Q3 2024 FY 2024 Q3 2025 1.9% 2.0% 1.6% Q3 2024 FY 2024 Q3 2025 6.6% 6.6% 6.9% 2.6% Q3 2024 2.6% FY 2024 3.1% Q3 2025 22.3% 22.7% 23.0% Return on Average Assets Return on Average Equity 15.0 18.7 Q3 2024 Q3 2025 +24% Actual PBT Constant currency PBTYield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio (Figures in Kes Billions) Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 39 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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EBUL Balance Sheet -2% YoY in Constant Currency -9% YoY Loan growth in Constant Currency -5% YoY Deposits growth in Constant Currency (Figures in Kes Billions) 51.4 46.2 49.7 Q3 2024 FY 2024 Q3 2025 -3% 94.8 98.3 95.2 Q3 2024 FY 2024 Q3 2025 0% Q3 2024 FY 2024 Q3 2025 54% 47% 52% 20.9% Q3 2024 14.5% Q4 2024 13.6% Q1 2025 12.2% Q2 2025 8.8% Q3 2025 47% 71% 67% 85% 91% NPL IFRS Coverage5.3 5.23.52.6 15.8 (14%) 94.8 (81%) Q3 2024 0.9 14.8 (12%) 98.3 (82%) FY 2024 18.5 (15%) 95.2 (79%) Q3 2025 Other Liabilities Borrowed Funds Shareholders’ Funds Deposits 116.7 119.3 120.4 1.5 +3% 24.4 30.5 22.0 8.8 (8%) 32.1 (28%) 51.4 (44%) Q3 2024 9.2 (8%) 33.4 (28%) 46.2 (39%) FY 2024 9.1 (8%) 39.6 (33%) 49.7 (41%) Q3 2025 Other Assets Cash & Cash Equivalents Investment in Securities Net Loans 116.7 119.3 120.4 +3%Asset Base Funding Base Customer Loans Customer Deposits Loans/Deposit Ratio Balance Sheet Asset Quality EBUL P&L 1515 Yield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio (Figures in Kes Billions) Q3 2024 FY 2024 Q3 2025 15.2% 16.5% 14.1% Q3 2024 FY 2024 Q3 2025 69% 74% 64% 6.8 (62%) 4.1 (38%) Q3 2024 6.1 (54%) 5.3 (46%) Q3 2025 Net Interest Income Non-Funded Income 10.9 11.4 +5% 2.4 3.5 Q3 2024 Q3 2025 +46% 1.4 Q3 2024 (0.1) Lace 0.1 Fees & Comms 0.0 Trade finance (0.2) FX income Other Income* Q3 2025 4.1 5.3 +29% Q3 2024 FY 2024 Q3 2025 4.7% 5.2% 4.8% Q3 2024 FY 2024 Q3 2025 10.5% 11.3% 9.3% *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 2.0% Q3 2024 0.5% FY 2024 3.4% Q3 2025 15.1% 3.8% 24.1% Return on Average Assets Return on Average Equity 2.4 3.5 Q3 2024 Q3 2025 +47% Actual PBT Constant currency PBT Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE 40 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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EBUL P&L 1515 Yield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio (Figures in Kes Billions) Q3 2024 FY 2024 Q3 2025 15.2% 16.5% 14.1% Q3 2024 FY 2024 Q3 2025 69% 74% 64% 6.8 (62%) 4.1 (38%) Q3 2024 6.1 (54%) 5.3 (46%) Q3 2025 Net Interest Income Non-Funded Income 10.9 11.4 +5% 2.4 3.5 Q3 2024 Q3 2025 +46% 1.4 Q3 2024 (0.1) Lace 0.1 Fees & Comms 0.0 Trade finance (0.2) FX income Other Income* Q3 2025 4.1 5.3 +29% Q3 2024 FY 2024 Q3 2025 4.7% 5.2% 4.8% Q3 2024 FY 2024 Q3 2025 10.5% 11.3% 9.3% *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 2.0% Q3 2024 0.5% FY 2024 3.4% Q3 2025 15.1% 3.8% 24.1% Return on Average Assets Return on Average Equity 2.4 3.5 Q3 2024 Q3 2025 +47% Actual PBT Constant currency PBT Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE 41 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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EBRL Balance Sheet 46.4 52.0 62.3 Q3 2024 FY 2024 Q3 2025 +34% 87.1 92.7 88.2 Q3 2024 FY 2024 Q3 2025 +1% Q3 2024 FY 2024 Q3 2025 53% 56% 71% 4.4% Q3 2024 4.2% Q4 2024 2.9% Q1 2025 2.9% Q2 2025 2.8% Q3 2025 114% 93% 145% 119% 109% NPL IFRS Coverage (Figures in Kes Billions) 6.0 6.8 8.76.9 8.4 6.4 16.6 (14%) 87.1 (75%) Q3 2024 16.4 (13%) 92.7 (75%) FY 2024 19.6 (16%) 88.2 (72%) Q3 2025 Other Liabilities Borrowed Funds Shareholders’ Funds Deposits 116.6 124.3 122.9 +5% 38.6 39.3 29.1 5.1 26.5 (23%) 46.4 (40%) Q3 2024 4.5 28.5 (23%) 52.0 (42%) FY 2024 27.6 (22%) 62.3 (51%) Q3 2025 Other Assets Cash & Cash Equivalents Investment in Securities Net Loans 116.6 124.3 122.9 3.9 +5% Asset Base Funding Base Customer Loans Customer Deposits Loans/Deposit Ratio Balance Sheet Asset Quality +13% YoY in Constant Currency +44% YoY Loan growth in Constant Currency +9% YoY Deposits growth in Constant Currency EBRL P&L 1717 Yield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio (Figures in Kes Billions) Q3 2024 FY 2024 Q3 2025 10.7% 10.8% 10.4% Q3 2024 FY 2024 Q3 2025 39% 36% 38% 5.7 (63%) 3.3 (37%) Q3 2024 6.2 (65%) 3.4 (35%) Q3 2025 Net Interest Income Non-Funded Income 9.0 9.6 +7% 5.3 5.5 Q3 2024 Q3 2025 +4% 0.1 0.3 (0.2) (0.1) Q3 2024 0.0 Lace Fees & Comms Trade finance FX income Other Income* Q3 2025 3.3 3.4 +3% Q3 2024 FY 2024 Q3 2025 2.7% 2.8% 2.6% Q3 2024 FY 2024 Q3 2025 8.0% 8.0% 7.8% *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 4.5% Q3 2024 4.7% FY 2024 4.3% Q3 2025 31.2% 33.1% 29.7% Return on Average Assets Return on Average Equity 5.3 6.3 Q3 2024 Q3 2025 +20% Actual PBT Constant currency PBT Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE 42 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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EBRL P&L 1717 Yield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio (Figures in Kes Billions) Q3 2024 FY 2024 Q3 2025 10.7% 10.8% 10.4% Q3 2024 FY 2024 Q3 2025 39% 36% 38% 5.7 (63%) 3.3 (37%) Q3 2024 6.2 (65%) 3.4 (35%) Q3 2025 Net Interest Income Non-Funded Income 9.0 9.6 +7% 5.3 5.5 Q3 2024 Q3 2025 +4% 0.1 0.3 (0.2) (0.1) Q3 2024 0.0 Lace Fees & Comms Trade finance FX income Other Income* Q3 2025 3.3 3.4 +3% Q3 2024 FY 2024 Q3 2025 2.7% 2.8% 2.6% Q3 2024 FY 2024 Q3 2025 8.0% 8.0% 7.8% *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 4.5% Q3 2024 4.7% FY 2024 4.3% Q3 2025 31.2% 33.1% 29.7% Return on Average Assets Return on Average Equity 5.3 6.3 Q3 2024 Q3 2025 +20% Actual PBT Constant currency PBT Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE 43 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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EBTL Balance Sheet 24.8 26.0 37.4 Q3 2024 FY 2024 Q3 2025 +51% 36.7 42.6 49.5 Q3 2024 FY 2024 Q3 2025 +35% Q3 2024 FY 2024 Q3 2025 68% 61% 76% 11.1% Q3 2024 3.0% Q4 2024 3.0% Q1 2025 2.9% Q2 2025 2.7% Q3 2025 90% 215% 172% 190% 198% NPL IFRS Coverage (Figures in Kes Billions) 6.1 1.7 3.26.6 (14%) 36.7 (76%) Q3 2024 2.0 3.97.7 (14%) 42.6 (76%) 2.0 12.1 (17%) 49.5 (71%) Q3 2025 Other Liabilities Borrowed Funds Shareholders’ Funds Deposits 48.2 56.2 69.7 FY 2024 +45% 10.2 13.5 12.6 3.8 (8%) 9.4 (20%) 24.8 (51%) Q3 2024 6.0 (11%)10.7 (19%) 26.0 (46%) FY 2024 5.0 (7%) 14.7 (21%) 37.4 (54%) Q3 2025 Other Assets Cash & Cash Equivalents Investment in Securities Net Loans 48.2 56.2 69.7 +45% Asset Base Funding Base Customer Loans Customer Deposits Loans/Deposit Ratio Balance Sheet Asset Quality +31% YoY in Constant Currency +37% YoY Loan growth in Constant Currency +22% YoY Deposits growth in Constant Currency EBTL P&L Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE Yield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio Q3 2024 FY 2024 Q3 2025 12.7% 12.9% 13.5% Q3 2024 FY 2024 Q3 2025 53% 52% 55% 2.2 (51%) 2.1 (49%) Q3 2024 2.5 (49%) 2.6 (51%) Q3 2025 Net Interest Income Non-Funded Income 4.3 5.1 +19% 0.9 1.9 Q3 2024 Q3 2025 +111% 0.6 (0.2) Q3 2024 0.1 Lace (0.1) Fees & Comms Trade finance 0.1 FX income Other Income* Q3 2025 2.1 2.6 +24% Q3 2024 FY 2024 Q3 2025 4.4% 4.6% 5.2% Q3 2024 FY 2024 Q3 2025 8.3% 8.3% 8.3% 2.0% Q3 2024 2.2% FY 2024 3.5% Q3 2025 15.2% 16.8% 22.2% Return on Average Assets Return on Average Equity 0.9 1.9 Q3 2024 Q3 2025 +114% Actual PBT Constant currency PBT (Figures in Kes Billions) *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 44 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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EBTL P&L Non-Funded Income Efficiency RatiosRevenue Profit Before Tax ROAA and ROAE Yield on Earning Assets Cost of Funds Net Interest Margin Cost to Income Ratio Q3 2024 FY 2024 Q3 2025 12.7% 12.9% 13.5% Q3 2024 FY 2024 Q3 2025 53% 52% 55% 2.2 (51%) 2.1 (49%) Q3 2024 2.5 (49%) 2.6 (51%) Q3 2025 Net Interest Income Non-Funded Income 4.3 5.1 +19% 0.9 1.9 Q3 2024 Q3 2025 +111% 0.6 (0.2) Q3 2024 0.1 Lace (0.1) Fees & Comms Trade finance 0.1 FX income Other Income* Q3 2025 2.1 2.6 +24% Q3 2024 FY 2024 Q3 2025 4.4% 4.6% 5.2% Q3 2024 FY 2024 Q3 2025 8.3% 8.3% 8.3% 2.0% Q3 2024 2.2% FY 2024 3.5% Q3 2025 15.2% 16.8% 22.2% Return on Average Assets Return on Average Equity 0.9 1.9 Q3 2024 Q3 2025 +114% Actual PBT Constant currency PBT (Figures in Kes Billions) *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 45 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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EBSSL Balance Sheet & P&L 46 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Overall Banking Group Performance
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47 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Overall Banking Group Performance
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Regional Diversification of Banking Business Contribution of banking subsidiaries EGHL Balance Sheet 61% 59% 64% 48 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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EGHL Balance Sheet 61% 59% 64% 49 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Asset Quality, Distribution and Risk Mitigation 29% 68% 97% 32% 71% 103% 22% 67% 89% 22% 68% 90% 38% 71% 109% Asset Quality, Distribution and Risk Mitigation Prudent Approach to Credit Risk Management 50 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Asset Quality, Distribution and Risk Mitigation Prudent Approach to Credit Risk Management 51 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Financial Intermediation Efficiency 52 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Financial Intermediation Efficiency 53 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Insurance Group
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Equity Insurance Group: The Opportunity Opportunity in Africa & the Equity Strategic Intent • Low average insurance penetration rates. The average Insurance penetration rate across the countries that Equity operates in stands at only 1.5%. Insurance penetration in Africa at 2.8%. • Africa is <3% of global insured losses compared with 18% popula- tion representation. • Consumers in Africa are an event away from financial distress. • Insurance has a social and economic role to play in society. • Opportunity lies in resolving challenges facing the industry in Africa such as access, relevance or suitability, affordability, reliability. Equity Insurance Group: Strategic Market Alignment Protect what matters most. Equity Insurance as a trusted partner aims to transform lives through insurance solutions that • Provide peace of mind for members • Offer financial protection from unexpected shocks • Deliver optimal investment returns • Ensure business continuity and resilience 54 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Equity Insurance Group: Strategic Market Alignment Protect what matters most. Equity Insurance as a trusted partner aims to transform lives through insurance solutions that • Provide peace of mind for members • Offer financial protection from unexpected shocks • Deliver optimal investment returns • Ensure business continuity and resilience 55 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Market Positioning | Strong Start Kenya Insurance Industry Market Affirmation • Huge potential: Life business growth an indicator for growing demand for deposits administration and wealth management. • Investments income, driving majority of profits in the Kenya Insurance industry as opposed to underwriting incomes. • Fastest growing life assurance solutions: Deposit Administration (and Pensions), Individual Life Assurance & Group Credit Life. First Insurance subsidiary, Equity Life Assurance (Kenya) Limited, (ELAK) was operationalized in March 2022 to undertake life assurance & pension business. Second subsidiary, Equity General Insurance (Kenya) Limited, (EGIK) was operationalized in 2025 handling general insurance business while the 3rd subsidiary Equity Health Insurance (Kenya) Limited, (EHIK) commenced operation in September 2025. Equity Insurance Group 56 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Equity Insurance Group 57 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Equity Life Assurance (Kenya) Limited (ELAK) Equity Life Assurance (Kenya) Limited (ELAK) Performance & Growth | Demonstrated Distribution Capability Notes: • 17.8 million policies issued as at 30 September 2025 • 6.8 million unique customers consuming various insurance products • A digital native insurer with +79% of policies issued digitally due to Insuretech strategy • Equity bank branch network remains a critical part of the distribution strategy, particularly for non-SME and non-consumer segments 58 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Equity Life Assurance (Kenya) Limited (ELAK) Performance & Growth | Demonstrated Distribution Capability Notes: • 17.8 million policies issued as at 30 September 2025 • 6.8 million unique customers consuming various insurance products • A digital native insurer with +79% of policies issued digitally due to Insuretech strategy • Equity bank branch network remains a critical part of the distribution strategy, particularly for non-SME and non-consumer segments 59 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Equity General Insurance (Kenya) Limited (EGIK) Equity Health Insurance (Kenya) Limited (EHIK) 60 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Equity Health Insurance (Kenya) Limited (EHIK) 61 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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The Future of Technology Group Deliver a reliable and scalable mobile money platform designed to offer relevant products & services • • • • • • • • • • • • • • 62 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Technology Group
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The Future of Technology Group Deliver a reliable and scalable mobile money platform designed to offer relevant products & services • • • • • • • • • • • • • • 63 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Technology Investments Driving Resilience, Growth & Sustainable Value Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. This was enabled by these six focus areas: Our sustained investments in infrastructure modernization, AI innovation, cybersecurity, and data governance serve to improve operational resilience while aligning with global technology standards that support regional expansion and digital leadership. Strategic Technology Investments 1 2 3 The Group has built strong foundations for AI and advanced analytics. Initial use cases in fraud/transaction monitoring, automation and customer insights demonstrate measurable value. These investments in data platforms, governance, and AI talent position us to scale these capabilities rapidly and unlock deeper intelligence. AI & Data Intelligence Foundations for the Future The Group has strengthened its enterprise architecture through scalable, modular platforms that enable faster product rollout, ecosystem integration and operational agility. Our cloud-ready approach modernizes infrastructure and enhances uptime, ensuring seamless service continuity across all markets. Future-Proof Architecture & Cloud Transformation As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and international standards (ISO 27001 and PCI-DSS). This assures data protection, strengthens customer trust, and safeguards digital ecosystems as transaction volumes and API integrations scale. Security, Trust & Regulatory Assurance The development of platform-based business models that integrate financial services, payments and insurance continues. The goal is seamless interoperability across subsidiaries and partners through APIs and ecosystem collaboration. Platform-Based Business Model Transformation Continuous monitoring, predictive maintenance, and hybrid-cloud observability maintain stability, performance consistency, and a target availability of >99.95%. This approach builds confidence among customers, partners, and regulators - driving sustained growth and stakeholder value. Operational Excellence & Reliability 4 5 6 The Technology Group Enabling the Banking Business Migrating from fixed and variable cost channels to self-service channels. 98% of our transactions outside the branch. 64 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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The Technology Group Enabling the Banking Business Migrating from fixed and variable cost channels to self-service channels. 98% of our transactions outside the branch. 65 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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The Technology Group Enabling the Banking Business Migrating from fixed and variable cost channels to self-service channels The Technology Group Enabling the Banking Business Technology enabled lending 66 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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The Technology Group Enabling the Banking Business Technology enabled lending 67 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Business Diversification 68 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Contribution of Non-Banking Business
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Business Diversification 69 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Impact Investment and Sustainability Impact & Social Investment Programs SIT KES 98 Billion in Social Investment Programs % of S ocial investm ent W i n g s T o F l y & E l i m u P r o gr a m 4 6 % H e a l t h 5 % E q u i t y L e a d e r s P r o g r a m 3 6 %F ood a n d A g r i c u l t u r e 2 % E n ter p r i s e D e ve l o p m e n t & F i n a n c i a l I n c l u s i o n 8 %E n e r g y a n d E n vi r o n m e n t 3 % 70 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Equity Group Foundation
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Impact Investment and Sustainability Impact & Social Investment Programs SIT KES 98 Billion in Social Investment Programs % of S ocial investm ent W i n g s T o F l y & E l i m u P r o gr a m 4 6 % H e a l t h 5 % E q u i t y L e a d e r s P r o g r a m 3 6 %F ood a n d A g r i c u l t u r e 2 % E n ter p r i s e D e ve l o p m e n t & F i n a n c i a l I n c l u s i o n 8 %E n e r g y a n d E n vi r o n m e n t 3 % 71 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Impact Investment and Sustainability Shared Prosperity Business Model and its Social Impact Global University Admissions Amplifying Impact through Global Collaborations Opportunities and Plans Talent Pipeline Development: Deliver workforce-ready youth equipped with in-demand skills for Africa's fastest-growing sectors including technology, finance, and manufacturing. Industry Partnerships: Partner with industry leaders to co-invest in youth training programs across fintech, ICT, and entrepreneurship - creating shared value and sustainable talent pipelines. Donor Alignment & Impact: Continued alignment with UN Sustainable Development Goals 4, 8, and 9 -delivering measurable outcomes in education, decent work, and innovation. Amplifying impact through collaborative relationships with diverse partners including international donors, and industry leaders. US, Canada, 668 S. America/uni00A0 1 Africa 208 Australia 1 Europe 100 Asia 137 1,115 Scholars 245 Universities 39 Countries 6 Continents 224 Admissions into Ivy League Institutions, 16 of these in 2025 55% Male 45% Female 72 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Impact Investment and Sustainability Shared Prosperity Business Model and its Social Impact Global University Admissions Amplifying Impact through Global Collaborations Opportunities and Plans Talent Pipeline Development: Deliver workforce-ready youth equipped with in-demand skills for Africa's fastest-growing sectors including technology, finance, and manufacturing. Industry Partnerships: Partner with industry leaders to co-invest in youth training programs across fintech, ICT, and entrepreneurship - creating shared value and sustainable talent pipelines. Donor Alignment & Impact: Continued alignment with UN Sustainable Development Goals 4, 8, and 9 -delivering measurable outcomes in education, decent work, and innovation. Amplifying impact through collaborative relationships with diverse partners including international donors, and industry leaders. US, Canada, 668 S. America/uni00A0 1 Africa 208 Australia 1 Europe 100 Asia 137 1,115 Scholars 245 Universities 39 Countries 6 Continents 224 Admissions into Ivy League Institutions, 16 of these in 2025 55% Male 45% Female 73 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Sustainable Development Impact Disclosure (SDID) From addressing Sustainable Development Goals (SDGs) with intentionality, measurability and ambition to prioritizing the most acute developmental gaps The Group is planning to extend SDID reporting to all regional subsidiaries. The Process • Equity Bank (Kenya) Ltd launched the first voluntary impact disclosure, developed in partnership with J.P. Morgan. • The SDID complements the Group’s 2024 Sustainability and Integrated Reports • The Report aligns financial performance with measurable SDG outcomes • Equity’s SDID reporting aims to: ◦ Scale blended finance partnerships ◦ Strengthen data transparency and SDG impact traceability ◦ Monitor and Report targets Scan the QR Code to access the full SDID report. Sustainability 74 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Sustainable Development Impact Disclosure (SDID) From addressing Sustainable Development Goals (SDGs) with intentionality, measurability and ambition to prioritizing the most acute developmental gaps The Group is planning to extend SDID reporting to all regional subsidiaries. The Process • Equity Bank (Kenya) Ltd launched the first voluntary impact disclosure, developed in partnership with J.P. Morgan. • The SDID complements the Group’s 2024 Sustainability and Integrated Reports • The Report aligns financial performance with measurable SDG outcomes • Equity’s SDID reporting aims to: ◦ Scale blended finance partnerships ◦ Strengthen data transparency and SDG impact traceability ◦ Monitor and Report targets Scan the QR Code to access the full SDID report. Sustainability 75 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Strategic Partnerships Validating the Business Model EG F Im plem enting P artnersEG F Fun ding P artners B anking P artners R isk Share P artners 76 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Overall Group Performance
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Strategic Partnerships Validating the Business Model EG F Im plem enting P artnersEG F Fun ding P artnersB anking P artners R isk Share P artners 77 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Overall Group Performance
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Balance Sheet Income Statement 78 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Income Statement 79 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Group Performance Highlights Q3 2025 Group Efficiency and Risk Ratios Trend 80 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Group Efficiency and Risk Ratios Trend 81 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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QoQ Profit Before Tax (PBT) and Returns Trend Equity Group Financials in USD Millions Figures are translated using period-average exchange rates for P&L and closing rates for the balance sheet 82 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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QoQ Profit Before Tax (PBT) and Returns Trend Equity Group Financials in USD Millions Figures are translated using period-average exchange rates for P&L and closing rates for the balance sheet 83 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Financial Ratios 2025 Guidance vs. Actual - Group 84 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Financial Ratios 2025 Guidance vs. Actual - Group 85 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Industry Positioning by Market Cap, Assets and Profitability 86 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Industry Positioning by Market Cap, Assets and Profitability 87 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Appendices – Awards and Accolades
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Global Ratings and Accolades • Best Regional Bank East Africa (2025) • 2 nd str onges t banking br and in the w orld (2024) • Position 1 in Africa (2024) • 10 th most valuable banking brand in Africa (2024) • Most valuable brand in East and Central Africa (2024) • Most valuable brand in Kenya (2024 & 2025) • Most Admired Financial Services Brand in Africa (2024) • Most Admired Financial Services Brand in Kenya (2024 & 2025) Global Ratings and Accolades (continued) Equity Bank Credity Rating 2025, 2021, 2017 • National rating: Caa1 • Global Rating: Baa3.ke/KE-3 • Rating outlook: Positive same as the sovereign rating • Best Bank for Corporate Responsibility in Africa (2022, 2023 & 2024) • Best Bank for Corporate Responsibility in Kenya (2022, 2023 & 2024) • Overall Best Bank in Kenya (2023 & 2024) • Best Bank for SMEs in Kenya (2023 & 2024) • Best Bank in DRC (2023) • Best Bank for Digital Solutions (2023) • Africa’s Best Bank for SMEs (2021) • Excellence in Leadership in Africa (2020) African Business Leadership Awards • Lifetime Achievement Award 2023 - Dr. James Mwangi • African CEO of the Year 2020 - Dr. James Mwangi Equity Bank Credit Rating 2022 • Long Term Rating: AA- • Short Term Rating: A1+ • Rating Outlook: Stable • Visa Top Acquiring Award 2021 • Visa E-Commerce (Acquiring) Award 2021 • Position 19 in Africa • Position 1 in East Africa • Position 9 on liquidity • Position 3 on soundness (Capital Assets to Assets ratio) • Position 20 in Africa • Position 1 in East Africa • Position 3 on overall performance • Position 5 on growth • Position 2 on profitability • Position 3 on return on assets • Position 2 on soundness (Capital Assets to Assets ratio) • Position 19 in Africa • Position 9 on liquidity з Dr . James Mwangi recognized among 80 Most Reputable Bank CEOs in Africa, 2021 Honoree 2020 Oslo Business for Peace Award – Dr. James Mwangi • 2023 SME Financier of the Year – Africa – Platinum • 2023 Product Innovation of the Year – Platinum • 2023 Women Financier of the Year – Honorable mention • 2022 Best Financier for Women Entrepreneurs – Platinum • 2022 SME Financier of the Year – Africa – Silver • 2022 Product Innovation of the Year – Honorable Mention • Best Trade Finance Bank in Kenya 2023 • Dr. James Mwangi, named to the 3rd Annual 2019 Bloomberg 50 list • Bank of the Year – DRC 2020 • Bank of the Year – Rwanda 2020 & 2021 • Bank of the Year – South Sudan 2019, 2020, & 2021 • Bank of the Year – Kenya 2019 • Bank of the Year – Kenya 2022 • Best Regional Bank – East Africa, 2021 • Socially Responsible Bank in Africa, 2020 • African Bank of the Year, 2018 • African Banker of the Year (Dr. James Mwangi), 2018 • Best Retail Bank in Africa, 2017 • Best Regional Bank East Africa, 2025 EUROMONEY AWARDS 2024 2023 88 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Global Ratings and Accolades • Best Regional Bank East Africa (2025) • 2 nd str onges t banking br and in the w orld (2024) • Position 1 in Africa (2024) • 10 th most valuable banking brand in Africa (2024) • Most valuable brand in East and Central Africa (2024) • Most valuable brand in Kenya (2024 & 2025) • Most Admired Financial Services Brand in Africa (2024) • Most Admired Financial Services Brand in Kenya (2024 & 2025) Global Ratings and Accolades (continued) Equity Bank Credity Rating 2025, 2021, 2017 • National rating: Caa1 • Global Rating: Baa3.ke/KE-3 • Rating outlook: Positive same as the sovereign rating • Best Bank for Corporate Responsibility in Africa (2022, 2023 & 2024) • Best Bank for Corporate Responsibility in Kenya (2022, 2023 & 2024) • Overall Best Bank in Kenya (2023 & 2024) • Best Bank for SMEs in Kenya (2023 & 2024) • Best Bank in DRC (2023) • Best Bank for Digital Solutions (2023) • Africa’s Best Bank for SMEs (2021) • Excellence in Leadership in Africa (2020) African Business Leadership Awards • Lifetime Achievement Award 2023 - Dr. James Mwangi • African CEO of the Year 2020 - Dr. James Mwangi Equity Bank Credit Rating 2022 • Long Term Rating: AA- • Short Term Rating: A1+ • Rating Outlook: Stable • Visa Top Acquiring Award 2021 • Visa E-Commerce (Acquiring) Award 2021 • Position 19 in Africa • Position 1 in East Africa • Position 9 on liquidity • Position 3 on soundness (Capital Assets to Assets ratio) • Position 20 in Africa • Position 1 in East Africa • Position 3 on overall performance • Position 5 on growth • Position 2 on profitability • Position 3 on return on assets • Position 2 on soundness (Capital Assets to Assets ratio) • Position 19 in Africa • Position 9 on liquidity з Dr . James Mwangi recognized among 80 Most Reputable Bank CEOs in Africa, 2021 Honoree 2020 Oslo Business for Peace Award – Dr. James Mwangi • 2023 SME Financier of the Year – Africa – Platinum • 2023 Product Innovation of the Year – Platinum • 2023 Women Financier of the Year – Honorable mention • 2022 Best Financier for Women Entrepreneurs – Platinum • 2022 SME Financier of the Year – Africa – Silver • 2022 Product Innovation of the Year – Honorable Mention • Best Trade Finance Bank in Kenya 2023 • Dr. James Mwangi, named to the 3rd Annual 2019 Bloomberg 50 list • Bank of the Year – DRC 2020 • Bank of the Year – Rwanda 2020 & 2021 • Bank of the Year – South Sudan 2019, 2020, & 2021 • Bank of the Year – Kenya 2019 • Bank of the Year – Kenya 2022 • Best Regional Bank – East Africa, 2021 • Socially Responsible Bank in Africa, 2020 • African Bank of the Year, 2018 • African Banker of the Year (Dr. James Mwangi), 2018 • Best Retail Bank in Africa, 2017 • Best Regional Bank East Africa, 2025 EUROMONEY AWARDS 2024 2023 89 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Global Ratings and Accolades (continued) EQUITY GROUP HOLDINGS PLC RECOGNIZED AS A SUPERBRAND IN EAST AFRICA Equity Group Managing Director and CEO, Dr. James Mwangi (Right) receives the certificate of recognition from Superbrands East Africa Project Director Jawad Jaffer (left). Equity Group Holdings Plc has been recognized as a Superbrand in East Africa (2024-2026), a distinction that affirms the Group's commitment to quality, reliability, and excellence in the financial services sector. Equity was the first bank in Kenya to receive this recognition in 2007 and the only bank to have received it four times in East Africa. Equity's inclusion in Superbrands East Africa Volume 9 comes at a pivotal time as the Bank continues to strengthen its presence across East and Central Africa as a regional brand serving the unique needs of its customers across diverse territories. 90 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Global Ratings and Accolades (continued) EQUITY GROUP HOLDINGS PLC RECOGNIZED AS A SUPERBRAND IN EAST AFRICA Equity Group Managing Director and CEO, Dr. James Mwangi (Right) receives the certificate of recognition from Superbrands East Africa Project Director Jawad Jaffer (left). Equity Group Holdings Plc has been recognized as a Superbrand in East Africa (2024-2026), a distinction that affirms the Group's commitment to quality, reliability, and excellence in the financial services sector. Equity was the first bank in Kenya to receive this recognition in 2007 and the only bank to have received it four times in East Africa. Equity's inclusion in Superbrands East Africa Volume 9 comes at a pivotal time as the Bank continues to strengthen its presence across East and Central Africa as a regional brand serving the unique needs of its customers across diverse territories. Global Ratings and Accolades (continued) FREEDOM OF THE CITY OF LONDON UNHCR VISIONARY AWARD Dr. James Mwangi, Equity Group Holdings Managing Director and CEO with Lord Jonathan Marland, Chair of the Commonwealth Enterprise and Investment Council (right) and Lord Hugo Swire, Deputy Chair of the Commonwealth Enterprise and Investment Council (left). Dr. Mwangi was conferred the Freedom of the City of London, a prestigious honor recognizing his exceptional work in promoting inclusivity and creating equitable communities. The award dates back to the 12 th century and has been conferred upon only a select couple of hundred individuals like Nelson Mandela, Dwight D. Eisenhower, Benjamin Franklin, Winston Churchill, Margaret Thatcher, Lee Kuan Yew and Archbishop Desmond Tutu. Equity Group Foundation Executive Chairman Dr. James Mwangi received the United Nations High Commissioner for Refugees, UNHCR Visionary Award for his bold leadership and pioneering efforts in financial inclusion for displaced communities across Africa. 91 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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2025 National Banking Awards and Accolades 1. Best Bank in Sustainable Corporate Social Responsibility – Winner (7 years running) 2. Best Bank in Financial Literacy Programs - Winner 3. Best Bank in Tier 1 – 1st Runners Up (Winner – 9 years running) 4. The Bank With The Lowest Tariff – 2nd Runners Up (Winner – 6 years running) 5. Overall Best Bank in Kenya – Unplaced in 2025 (Winner – 12 years running) 6. The Most Customer-Centric Bank – Unplaced in 2025 (Winner – 5 years running) BRAND FRANCHISE SEGMENT 1. Best Bank in Agency Banking – Winner (8 years running) 2. Best Commercial Bank in Microfinance - Winner (8 years running) 3. Best Bank in SME Banking – Winner (3 years running) 4. Best Bank in Retail Banking – 2nd Runners Up (Winner – 6 years running) 5. Best Bank in Mobile Banking – 2nd Runners Up (Winner – 3 years running) 6. Best Bank in Corporate Banking – Unplaced in 2025 (Winner - 2 years running) PRODUCT 1. Best Bank in Asset Finance - Winner (8 years running) 2. Best Bank in Agriculture & Livestock Financing - Winner (5 years running) 3. Best Bank in Mortgage Finance – Winner 4. Special Judges Awards for Product Innovation (EGF – Tree Growing Initiatives) – Winner (5 years running) 5. Best Bank in Trade Financing – 2nd Runners Up (4 years running) 6. Best Bank in Product Marketing (Campaign; Bancassurance) – 1st Runners Up (Winner - 5 years running) CEO of the Year – Dr. James Mwangi (5 Years Running) INDIVIDUAL 92 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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2025 National Banking Awards and Accolades 1. Best Bank in Sustainable Corporate Social Responsibility – Winner (7 years running) 2. Best Bank in Financial Literacy Programs - Winner 3. Best Bank in Tier 1 – 1st Runners Up (Winner – 9 years running) 4. The Bank With The Lowest Tariff – 2nd Runners Up (Winner – 6 years running) 5. Overall Best Bank in Kenya – Unplaced in 2025 (Winner – 12 years running) 6. The Most Customer-Centric Bank – Unplaced in 2025 (Winner – 5 years running) BRAND FRANCHISE SEGMENT 1. Best Bank in Agency Banking – Winner (8 years running) 2. Best Commercial Bank in Microfinance - Winner (8 years running) 3. Best Bank in SME Banking – Winner (3 years running) 4. Best Bank in Retail Banking – 2nd Runners Up (Winner – 6 years running) 5. Best Bank in Mobile Banking – 2nd Runners Up (Winner – 3 years running) 6. Best Bank in Corporate Banking – Unplaced in 2025 (Winner - 2 years running) PRODUCT 1. Best Bank in Asset Finance - Winner (8 years running) 2. Best Bank in Agriculture & Livestock Financing - Winner (5 years running) 3. Best Bank in Mortgage Finance – Winner 4. Special Judges Awards for Product Innovation (EGF – Tree Growing Initiatives) – Winner (5 years running) 5. Best Bank in Trade Financing – 2nd Runners Up (4 years running) 6. Best Bank in Product Marketing (Campaign; Bancassurance) – 1st Runners Up (Winner - 5 years running) CEO of the Year – Dr. James Mwangi (5 Years Running) INDIVIDUAL 2025 National Insurance Awards and Accolades 1. Best Bancassurance Intermediary Ltd - 1st Runner Up 2. Risk Management Award - 1st Runner Up 3. Best Bancassurance Intermediary in Life Products - 2nd Runner Up EQUITY BANCASSURANCE INTERMEDIARY LTD EQUITY LIFE ASSURANCE (KENYA) LTD 1. Life Insurer of the Year - Winner 2. Most Customer-centric Underwriter - Winner 3. Claims Settlement Award - Winner 4. Best Insurance Company in Ecosystem Partnerships and Cross-Industry Collaboration - Winner 5. Insurance Company in Sustainable CSR - 1st Runner Up 6. Best Insurance Company in Technology Application -1st Runner Up KENYA E-COMMERCE AWARDS 2021 Finserve named Best in Banking/ Financial and Insurance Services NATIONAL INSURANCE AWARDS AND ACCOLADES KBA SFI AWARDS 2023 1. Best Bank for MSME Financing – Position 1 2. Overall Winner – Position 2 3. Best Client Case Study, Commercial – Position 2 4. Best Client Case Study, Bank Operations – Position 3 5. Best Client Case Study, Promoting PWD Accessibility – Position 3 INSURANCE AWARDS 2025 93 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Industry Recognition 94 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Industry Recognition Proparco grants €1 million technical assistance to Equity Group Foundation to help Kenyan smallholder farmers transition to Climate-Smart Agriculture Proparco and Equity Group signed an agreement, granting technical assistance of one million euros to Equity Group Foundation (EGF) for the implementation of its high-impact project, “Climate Resilient Agri-Food Systems (CRAFS).” From left to right: Jean Guyonnet-Dupérat, Proparco’s Regional Director for East Africa, H.E. Arnaud Suquet, French Ambassador to Kenya, and Dr. James Mwangi, Equity Group Managing Director and CEO during the event. This partnership with a long-standing client, Equity Group, aims to support small Kenyan farmers in the adoption of sustainable practices. The signing ceremony took place in, March 18, 2025, in Nairobi, in the presence of H.E. Arnaud Suquet, French Ambassador to Kenya, Jean Guyonnet-Dupérat, Proparco’s Regional Director for East Africa and Dr. James Mwangi, Equity Group Managing Director and CEO. 95 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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The UN General Assembly President Visits Equity to Discuss Youth Innovation and Digital Technology From 2nd Left – Right: Professor Isaac Macharia, Equity Group Chairman, H.E Philemon Yang, President of the United Nations General Assembly, Ms. Zainab Hawa Bangura, Director General, United Nations Nairobi and Eng. John Tanui, MBS: Principal Secretary in the Ministry of Information, Communications and the Digital Economy in charge of the State Department for ICT and the Digital Economy, follow a presentation by an Equity Leaders Program scholar (Left) on His Excellency Philemon Yang, the President of the United Nations General Assembly (UNGA), visited Equity for high-level discussions centered on youth innovation, digital technology, and sustainable development. During the visit, he was hosted by Equity Group’s Chairman Professor Isaac Macharia, alongside other Board members and senior managers. one of their innovations, during a visit to Equity Group. H.E Philemon Yang, President of the United Nations General Assembly (front centre), Ms. Zainab Hawa Bangura, Director General, United Nations Nairobi (front right), Eng. John Tanui, MBS: Principal Secretary in the Ministry of Information, Communications and the Digital Economy in charge of the State Department for ICT and the Digital Economy (front left), some of the Equity leadership team led by Equity Group Chairman, Professor Isaac Macharia (front 2nd right) and a section of the Equity Leaders Program scholars during a visit to Equity Group. 96 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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97 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Macroeconomic Environment Indicators & Trends
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Kenya Country Economic Update Stable Fundamentals • Stable Economic Growth: At 5.0% in Q2 2025, up from the 4.6% in Q2 2024. Growth expected at about 5.0% for 2025. • Inflation: At 4.6% in September up slightly from 4.5% in August. We expect inflation just below 5.0% by year end. • Stable KES: KES remained steady against US$ at 129.2 (YTD), depreciated against other majors. • Monetary Policy: Continued easing by CBK which further cut Central Bank Rate by 25bps to 9.25% in October. • CBK also introduced a new loan pricing formula (KESONIA) focused on monetary policy transmission and private sector credit growth. • S&P Sovereign Credit Rating Upgrade: From B- to B (stable). Moody's rating still at Caa1 (positive) and Fitch at B- (stable). • Stagnant FDI in 2024: At US$1.5bn informed by unfavorable policy decisions, business environment concerns, and political unrest. Public Debt Developments in October • Eurobond Buyback: Repurchase of US$628.44 mn of the US$1bn 2028 Eurobond. New US$1.5 bn Eurobond issued with longer maturities— helps debt repayment profile and supports FX reserves. • US$-Yuan Debt Conversion (Oct): Government converted US$5bn SGR loan to Chinese ¥ providing an estimated savings of KES27.7bn per year on interest payments; signals fiscal evolution. • Easing Economic Growth: Growth projected at 5.3% in 2025, down from 6.7% in 2024 due to reduced growth from extractives sector. Full year growth expected at 5.3% for 2025. • Easing Inflation: Eased to 7.5% in early October and expected at ~7% by end 2025. • Monetary Policy: The Central Bank of Congo (BCC) cut the policy rate by 750 bps to 17.5% in October from 25% which it had held since August 2023. • Strong FDI in 2024: Remains a key destination for new exploration and mining projects, steep decline in greenfield projects. • Shift in Cobalt Export Policy: Cobalt export ban replaced with a quota system; should revive FX inflows but below pre-ban/quota levels. • East DRC:/uni00A0Continued military engagements complicate peace efforts. Diplomatic initiatives highlight global concern with the conflict. • Worsening Humanitarian Crisis: Informed by recent escalation in East DRC conflict and funding cuts to the WFP and UNHCR—both of which consequently offer less social and development assistance. DRC Country Economic Update Resilience Amid Uncertainty 98 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Kenya Country Economic Update Stable Fundamentals • Stable Economic Growth: At 5.0% in Q2 2025, up from the 4.6% in Q2 2024. Growth expected at about 5.0% for 2025. • Inflation: At 4.6% in September up slightly from 4.5% in August. We expect inflation just below 5.0% by year end. • Stable KES: KES remained steady against US$ at 129.2 (YTD), depreciated against other majors. • Monetary Policy: Continued easing by CBK which further cut Central Bank Rate by 25bps to 9.25% in October. • CBK also introduced a new loan pricing formula (KESONIA) focused on monetary policy transmission and private sector credit growth. • S&P Sovereign Credit Rating Upgrade: From B- to B (stable). Moody's rating still at Caa1 (positive) and Fitch at B- (stable). • Stagnant FDI in 2024: At US$1.5bn informed by unfavorable policy decisions, business environment concerns, and political unrest. Public Debt Developments in October • Eurobond Buyback: Repurchase of US$628.44 mn of the US$1bn 2028 Eurobond. New US$1.5 bn Eurobond issued with longer maturities— helps debt repayment profile and supports FX reserves. • US$-Yuan Debt Conversion (Oct): Government converted US$5bn SGR loan to Chinese ¥ providing an estimated savings of KES27.7bn per year on interest payments; signals fiscal evolution. • Easing Economic Growth: Growth projected at 5.3% in 2025, down from 6.7% in 2024 due to reduced growth from extractives sector. Full year growth expected at 5.3% for 2025. • Easing Inflation: Eased to 7.5% in early October and expected at ~7% by end 2025. • Monetary Policy: The Central Bank of Congo (BCC) cut the policy rate by 750 bps to 17.5% in October from 25% which it had held since August 2023. • Strong FDI in 2024: Remains a key destination for new exploration and mining projects, steep decline in greenfield projects. • Shift in Cobalt Export Policy: Cobalt export ban replaced with a quota system; should revive FX inflows but below pre-ban/quota levels. • East DRC:/uni00A0Continued military engagements complicate peace efforts. Diplomatic initiatives highlight global concern with the conflict. • Worsening Humanitarian Crisis: Informed by recent escalation in East DRC conflict and funding cuts to the WFP and UNHCR—both of which consequently offer less social and development assistance. DRC Country Economic Update Resilience Amid Uncertainty 99 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Uganda Country Economic Update Strong Growth and FDI • Economic Growth: Grew by 6.3% in FY24/25, up from 6.1% in FY23/24. Full calendar year growth expected at 6.4% in 2025. • Inflation: Rose to 4.0% in September from 3.8% in August, expected to stay well within the 5% Bank of Uganda target. • Monetary Policy: Bank of Uganda maintained the CBR at 9.75% (unchanged since Oct 2024). • UGX Holds Firm: Strong exports and capital inflows to keep UGX steady through Q4 2025. • Robust FDI in 2024: Attracting the most FDI of all EGH economies informed by interest in oil development and transport corridors. • Strong Exports: Surged supported by higher coffee volumes and gold (re)exports. • Reduced Poverty: Poverty declined from 20.3% in 2019/20 to 16.1% in 2023/24. • Uganda’s macroeconomic outlook ahead of the 2026 elections remains broadly stable. • Robust Growth: At 7.8% in Q2 2025 (Y-o-Y). Full year growth expected at 7.1% in 2025—fastest in EGH region. • Inflation: Eased to 6.2% in September from 6.4% in August, still near the upper end of the National Bank of Rwanda’s (NBR) target range. • RWF: Easing depreciation against the US$, expected to remain manageable to end-year. • Monetary Policy: National Bank of Rwanda raised the CBR by 25bps to 6.75% in August (first hike since August 2024). • Collapse in Gold Exports: Down almost 70% from Q1 2025 and -76.3% Y-o-Y. • GDP Rebased in September: Raised the economy’s size to US$14.8 bn (RWF21.5tn) from US$12.6bn (RWF 18.3tn). Rwanda Country Economic Update Fast Growth and Important Anchor 100 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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• Robust Growth: At 7.8% in Q2 2025 (Y-o-Y). Full year growth expected at 7.1% in 2025—fastest in EGH region. • Inflation: Eased to 6.2% in September from 6.4% in August, still near the upper end of the National Bank of Rwanda’s (NBR) target range. • RWF: Easing depreciation against the US$, expected to remain manageable to end-year. • Monetary Policy: National Bank of Rwanda raised the CBR by 25bps to 6.75% in August (first hike since August 2024). • Collapse in Gold Exports: Down almost 70% from Q1 2025 and -76.3% Y-o-Y. • GDP Rebased in September: Raised the economy’s size to US$14.8 bn (RWF21.5tn) from US$12.6bn (RWF 18.3tn). Rwanda Country Economic Update Fast Growth and Important Anchor 101 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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• Tanzania/uni00A0has the best top-down macro in the EGH region. • Strong Economic Growth: At 6.3% in Q2 2025. Full calendar year growth expected at 6.0% in 2025. • Stable Inflation: Held at 3.4% in August and September, slightly up from Q2. • Monetary Policy: Bank of Tanzania held the Central Bank Rate steady at 5.75% in October, having cut it by 25bps in July. • Stabilizing TZS: TZS strengthened by early October driven by external inflows, resilient reserves, and renewed market confidence • Booming Gold Exports: We estimate that high gold prices will have lifted Tanzania’s total monthly exports to US$1bn for the first time in July 2025. • Strong FDI in 2024: Tanzania FDI inflows overtook Kenya in 2024 supported by targeted investment facilitation and PPPs in infrastructure and services. Tanzania Country Economic Update Most Promising • Weak GDP Growth: Economy is still set to contract by -4.3% in 2025 due to oil production interruption. • Oil Production Disruption: Conflict continues to disrupt oil exports. Some production has resumed, may push up growth. • Fragile Peace: The security situation is increasingly fragile. • Hyperinflation: Inflation stood at 189.24% in May. Inflation is expected to average over 97% for 2025. • IMF Technical Support: Focused on economic resilience, macroeconomic stability, sustainability, and governance. • Growing Humanitarian crisis: Hunger is nearing record levels in South Sudan, alongside the country’s most severe cholera outbreak. • Increased pressure for repayment of oil-backed debt: Key creditors have increased legal pressure on the Government of South Sudan to honor unpaid oil-backed loans and interest which stand at over US$1.5bn. • U.N Report on Diversion of Oil Revenue: The U.N Human Rights Council has indicated systemic misappropriation of significant amounts of oil revenue in South Sudan which is absorbed by a select elite. South Sudan Country Economic Update Lost Time 102 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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• Weak GDP Growth: Economy is still set to contract by -4.3% in 2025 due to oil production interruption. • Oil Production Disruption: Conflict continues to disrupt oil exports. Some production has resumed, may push up growth. • Fragile Peace: The security situation is increasingly fragile. • Hyperinflation: Inflation stood at 189.24% in May. Inflation is expected to average over 97% for 2025. • IMF Technical Support: Focused on economic resilience, macroeconomic stability, sustainability, and governance. • Growing Humanitarian crisis: Hunger is nearing record levels in South Sudan, alongside the country’s most severe cholera outbreak. • Increased pressure for repayment of oil-backed debt: Key creditors have increased legal pressure on the Government of South Sudan to honor unpaid oil-backed loans and interest which stand at over US$1.5bn. • U.N Report on Diversion of Oil Revenue: The U.N Human Rights Council has indicated systemic misappropriation of significant amounts of oil revenue in South Sudan which is absorbed by a select elite. South Sudan Country Economic Update Lost Time 103 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Glossary Disclaimer This document and the information therein has been prepared by Equity Group Holdings Plc (the “Group”) for informational purposes only and does not constitute an offer or solicitation to buy, sell, or subscribe to any securities or financial instruments. Certain statements in this document are and may constitute forward-looking statements. Forward-looking statements may be identified by words such as ‘believe’, ‘anticipate’, ‘expect’, ‘plan’, ‘estimate’, ‘intend’, ‘project’, ‘target’, ‘predict’ and ‘hope’. Forward looking statements are not statements of fact but rather are statements by the Group’s management based on current estimates, plans, projections, expectations, beliefs and assumptions regarding the Group’s performance. Such forward-looking statements are subject to risks and uncertainties, and actual results may differ materially from those projected. No assurance can be given that forward-looking statements are correct, and undue reliance should not be placed on such statements. The Group assumes no obligation to update or revise any historical information or forward-looking statements contained herein and does not assume responsibility for any loss or damage arising as a result of the reliance by any party thereon, including but not limited to, loss of earnings or profits, or consequential loss or damage. Recipients are advised to conduct their own independent analysis before making any investment decisions. By attending our investor presentations or reading this document, you agree to be bound by the foregoing limitations. 104 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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Disclaimer This document and the information therein has been prepared by Equity Group Holdings Plc (the “Group”) for informational purposes only and does not constitute an offer or solicitation to buy, sell, or subscribe to any securities or financial instruments. Certain statements in this document are and may constitute forward-looking statements. Forward-looking statements may be identified by words such as ‘believe’, ‘anticipate’, ‘expect’, ‘plan’, ‘estimate’, ‘intend’, ‘project’, ‘target’, ‘predict’ and ‘hope’. Forward looking statements are not statements of fact but rather are statements by the Group’s management based on current estimates, plans, projections, expectations, beliefs and assumptions regarding the Group’s performance. Such forward-looking statements are subject to risks and uncertainties, and actual results may differ materially from those projected. No assurance can be given that forward-looking statements are correct, and undue reliance should not be placed on such statements. The Group assumes no obligation to update or revise any historical information or forward-looking statements contained herein and does not assume responsibility for any loss or damage arising as a result of the reliance by any party thereon, including but not limited to, loss of earnings or profits, or consequential loss or damage. Recipients are advised to conduct their own independent analysis before making any investment decisions. By attending our investor presentations or reading this document, you agree to be bound by the foregoing limitations. 105 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE
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106 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Scan QR code below to download the Africa Recovery and Resilience Plan Scan QR code below to view video: back better by Equity Group Managing Director and CEO, Dr. James Mwangi in Arusha, Tanzania during the EAC Heads of State High Level Retreat for the Summit on the EAC Common Market Scan QR code below to download the EGH PLC 2024 Sustainability Report Scan QR code below to download the EGH PLC 2024 Integrated Report and Financial-Statements Scan QR code below to download the The Africa Recovery and Resilience Plan In Action Scan QR code below to download the EGH PLC H1 2025 Investor Presentation Notes For more information please contact: investorrelations@equitygroupholdings.com
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107 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Notes For more information please contact: investorrelations@equitygroupholdings.com
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108 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Notes For more information please contact: investorrelations@equitygroupholdings.com Notes For more information please contact: investorrelations@equitygroupholdings.com
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109 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Notes For more information please contact: investorrelations@equitygroupholdings.com
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110 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Notes For more information please contact: investorrelations@equitygroupholdings.com Equity Centre - EquityBCDC Le Siège Social, Kinshasa
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111 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE Equity Centre - EquityBCDC Le Siège Social, Kinshasa
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112 Equity Group Holdings Plc Investor Briefing Q3 2025 PERFORMANCE EQUITY GROUP HOLDINGS PLC AND EQUITY BANK (KENYA) LIMITED ARE REGULATED BY THE CENTRAL BANK OF KENYA. EQUI TY GROUP HOLDI NGS PLC AND EQ UITY BA NK (KENYA) L IMITED AR E REG ULA TED BY THE CENTRA L BA NK OF KENYA . Equity Centre P.O. Box 75104–00200, Nairobi. Tel: 0763063000, Fax: + 254-020-2737276, info@equitygroupholdings.com, www.equitygroupholdings.com @keEquityBank keEquityBank www.ke.equitybankgroup.com Equity Centre, 9th Floor, UpperHill P.O.Box 75104, Nairobi, Tel: 0763 000 000 info@equitygroupholdings.com @keEquitybank @keEquitybank EquityBankLimited