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dfcu

DFCU · Uganda Securities Exchange · Incorporated in Uganda · Consolidated statements

On this page
Company details
Legal name
dfcu Limited
Incorporated in
Uganda
Listing
DFCU on the Uganda Securities Exchange, active · ISIN UG0000000147 (observed 2026-10-06)
Sector
Banking (our classification from the stated principal activity)
Activity
Holding company of dfcu Bank, a commercial bank licensed in Uganda; also real estate.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, signed / final · source

  • Net interest income

    UGX 305 billion

    304,614 UGX millions · p12

    +14.0% vs 2024

    Interest income less interest expense, as printed.

  • Net total income

    UGX 422 billion

    421,911 UGX millions · p12

    +17.0% vs 2024

    The bank's own total of its income lines before credit impairment and operating expenses, under its printed label. What it includes differs between banks; it is not revenue.

  • Profit / (loss) for the year

    UGX 75.0 billion

    74,994 UGX millions · p12

    +4.0% vs 2024

  • Total assets

    UGX 3.72 trillion

    3,715,983 UGX millions · p14

    +8.4% vs 2024

  • Customer deposits

    UGX 2.71 trillion

    2,714,571 UGX millions · p14

    +15.2% vs 2024

  • Total equity

    UGX 768 billion

    767,836 UGX millions · p14

    +9.0% vs 2024

Large amounts are rounded for reading (UGX million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in UGX millions unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — audited financial statements, signed / final; reported for the year · source
  • FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, UGX millions. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Interest income calculated using the effective interest method 409,243 359,868 346,824
Other interest and similar income 2,753 1,698 2,840
Interest expense calculated using the effective interest method (107,382) (94,269) (91,978)
Net interest income 304,614 267,297 257,686
Fees and commission income 65,250 66,529 65,403
Net trading and other income1 46,642 24,901 19,823
Net income from other financial instruments at FVTPL2 5,405 1,909 14,264
Net total income 421,911 360,636 357,176
Operating expenses (332,005) (292,664) (248,003)
Fair value losses on other financial assets at fair value through profit or loss3 (79) (716) (3,381)
Expected credit (loss)/recovery on financial assets4 (9,951) 12,007 (82,714)
Profit before tax 79,876 79,263 23,078
Income tax expense5 (4,882) (7,176) 5,642
Profit after tax for the year 74,994 72,087 28,720
Total other comprehensive income 3,616 (5,059) (11,091)
Total comprehensive income for the year 78,610 67,028 17,629
Notes and alternative reported figures (5)
  1. “Net trading and other income” is an issuer-specific line, not mapped to a shared definition: Trading income together with other income (note 11); broader than net trading income.
  2. “Net income from other financial instruments at FVTPL” is an issuer-specific line, not mapped to a shared definition: Note 12.
  3. “Fair value losses on other financial assets at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 27; printed below operating expenses.
  4. Printed under different labels across filings: “Expected credit (loss)/recovery on financial assets”; “Expected credit recovery/(loss) on financial assets”.
  5. Printed under different labels across filings: “Income tax (expense)/credit”; “Income tax expense”.

Balance sheet

Balance sheet, UGX millions. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Cash and balances with Bank of Uganda 468,076 434,817 530,176
Deposits and balances due from other banks 246,690 211,315 255,165
Trading assets 157,177 73,724 18,288
Investment securities at FVOCI 619,028 582,723 597,222
Investment securities at amortised cost 656,467 728,018 371,415
Other receivables from Bank of Uganda12 832 832 29,089
Derivative financial instruments 865 2,064 228
Loans and advances to customers 1,265,799 1,132,199 1,125,816
Investment in equity shares3 1,209 6,543 6,065
Other assets 36,794 33,619 29,791
Deferred income tax asset 113,343 87,859 65,226
Property, equipment and right-of-use assets4 85,750 80,362 83,208
Investment property 18,584 18,849 19,295
Intangible assets 45,369 36,148 27,142
Total assets 3,715,983 3,429,072 3,158,126
Customer deposits 2,714,571 2,356,281 2,318,572
Derivative financial instruments 792 457 273
Deposits due to other banks 14,004 120,256 35,033
Other liabilities 82,604 88,101 72,155
Borrowed funds 124,943 149,482 84,137
Special funds5 1,193 1,193 1,193
Current income tax payable 5,512 4,685 542
Deferred income tax liability 1,035 –6 Not reported in this filing7
Provisions 3,493 4,364 2,188
Total liabilities 2,948,147 2,724,819 2,514,093
Share capital 14,963 14,963 14,963
Share premium 185,683 185,683 185,683
FVOCI reserve (243) (3,859) 1,200
Retained earnings 551,116 488,743 427,310
Regulatory reserve –8 3,696 8,069
Proposed dividend9 16,317 15,027 6,808
Total equity 767,836 704,253 644,033
Total equity and liabilities 3,715,983 3,429,072 3,158,126
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_equity.
Notes and alternative reported figures (7)
  1. “Other receivables from Bank of Uganda” is an issuer-specific line, not mapped to a shared definition: Note 29(b) balance. The 2024 report labels the same note 'Assets held for disposal' (2024 amount 832 in both reports).
  2. Printed under different labels across filings: “Assets held for disposal”; “Other receivables from Bank of Uganda”.
  3. “Investment in equity shares” is an issuer-specific line, not mapped to a shared definition: Note 24.
  4. “Property, equipment and right-of-use assets” is an issuer-specific line, not mapped to a shared definition: Combined line (note 29(a)); not property, plant and equipment alone.
  5. “Special funds” is an issuer-specific line, not mapped to a shared definition: Note 36: funds held for on-lending under special schemes.
  6. Not reported in this filing: The 2024 statement of financial position (p71) prints no deferred income tax liability line for either year.
  7. “Proposed dividend” is an issuer-specific line, not mapped to a shared definition: Proposed dividend shown as a component of equity until declared (note 17(a)).

Cash flow

Cash flow, UGX millions. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Cash generated from operations (unlabelled subtotal) (142,174) (330,062)1 (54,474)
Interest received2 414,805 361,123 347,145
Interest paid34 (102,356) (85,101) (95,357)
Income tax paid (30,054) (23,498) (22,428)
Net cash inflows/(outflows) from operating activities5 140,221 (77,538)6 174,886
Purchase of property and equipment (24,648) (16,332) (25,041)
Purchase of intangible assets (17,516) (15,611) (8,874)
Dividends received78 –9 353 729
Proceeds from sale of investments in equity shares1011 6,251 826 1,375
Proceeds from sale of property and equipment 133 261 464
Net cash outflows used in investing activities (35,780) (30,503) (31,347)
New borrowings received 7,024 78,651 12,844
Principle paid on borrowings (35,994) (6,352) (43,761)
Principle paid on lease liability (2,169) (2,493) (4,384)
Dividends paid to shareholders (15,027) (6,808) (6,129)
Net cash (outflows)/inflows used in financing activities12 (46,166) 62,998 (41,430)
Net increase/(decrease) in cash and cash equivalents13 58,275 (45,043)14 102,109
Effect of exchange rate changes on cash and cash equivalents held (86) 624 (147)
Cash and cash equivalents at start of year*15 530,102 574,521 472,559
Cash and cash equivalents at end of year 588,291 530,10216 574,521
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (15)
  1. Annual report dated 2025-03-31 prints (446,092) (millions, p73) for this line and year.
  2. Printed under different labels across filings: “Interest received”; “Interest received*”.
  3. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Interest paid by the bank, mainly on deposits; not interest on borrowings alone.
  4. Printed under different labels across filings: “Interest paid”; “Interest paid*”.
  5. Printed under different labels across filings: “Net cash (outflows)/inflows from operating activities”; “Net cash inflows/(outflows) from operating activities”.
  6. Annual report dated 2025-03-31 prints (193,568) (millions, p73) for this line and year.
  7. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  8. Printed under different labels across filings: “Dividends received”; “Dividends received*”.
  9. “Proceeds from sale of investments in equity shares” is an issuer-specific line, not mapped to a shared definition: Note 24.
  10. Printed under different labels across filings: “Proceeds from sale of equity shares*”; “Proceeds from sale of investments in equity shares”.
  11. Printed under different labels across filings: “Net cash (outflows)/inflows used in financing activities”; “Net cash inflows/(outflows) used in financing activities”.
  12. Printed under different labels across filings: “Net (Decrease) / increase in cash and cash equivalents”; “Net increase/(decrease) in cash and cash equivalents”.
  13. Annual report dated 2025-03-31 prints (161,073) (millions, p73) for this line and year.
  14. Printed under different labels across filings: “Cash and cash equivalents at start of year”; “Cash and cash equivalents at start of year*”.
  15. Annual report dated 2025-03-31 prints 414,072 (millions, p73) for this line and year.

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Earnings / (loss) per share (per share)1 100.24 96.35 38.39
Profit / (loss) attributable to shareholders (UGX millions)2 74,994 72,087 28,720
Weighted average shares (shares)3 748,144,033 748,144,033 748,144,033
Notes and alternative reported figures (3)
  1. Earnings / (loss) per share: printed as “Basic earnings per share”.
  2. Profit / (loss) attributable to shareholders: printed as “Net profit attributable to equity holders of the Company (Ushs M)”.
  3. Weighted average shares: printed as “Weighted average number of ordinary shares in issue”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividend recommended, subject to shareholder approval the directors plan to recommend the payment of a final dividend for the year ended 31 December 2025 of Ushs 16,317 million no amount Audited financial statements, p93
31 Dec 2025 Dividend proposed per share, as printed in a statement Final dividend recommended for the year, per share 21.81 UGX per share Audited financial statements, p93
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid to shareholders (15,027) UGX millions Audited financial statements, p18
31 Dec 2024 Dividend recommended, subject to shareholder approval the directors plan to recommend the payment of a final dividend for the year ended 31 December 2024 of Ushs 15,027 million no amount Annual report, p126
31 Dec 2024 Dividend proposed per share, as printed in a statement Final dividend recommended for the year, per share 20.09 UGX per share Audited financial statements, p93
31 Dec 2024 Dividend proposed per share, as printed in a statement Final dividend recommended for the year, per share 20.09 UGX per share Annual report, p126
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid to shareholders (6,808) UGX millions Audited financial statements, p18
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid to shareholders (6,129) UGX millions Annual report, p73

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Consolidated and separate financial statements for the year ended 31 December 2025

    Year ended 31 December 2025 · Audited financial statements · signed / final

    Audit: KPMG, unmodified opinion · signed

    Auditor's sign-off: KPMG; engagement partner CPA Stephen Ineget (P0401)

    Final status: Signed by the auditor (p11) and approved by the board on 27 March 2026 (p14). A second copy on the issuer's server (…/2026/06/dfcu-Ltd-FY25-final-signed-report.pdf, SHA-256 43dfc1e9…) differs only on pp3–5 (corporate address, general information) and p116 (a contingency note); this linked 'updated' copy is used.

    Document date
    28 Mar 2026
    Auditor's report
    28 Mar 2026
    Board approval
    27 Mar 2026
    Retrieved by us
    6 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · UGX millions (printed “Ushs M”)
    • The 2024 cash-flow column is headed '2024 Restated': cash and cash equivalents now include 50% of the minimum balance advised by Bank of Uganda (notes 46 and 52).
    Technical details
    File
    122 pages, with a text layer
    SHA-256
    b6e0e7713f663f755acd4810fc45cce8248935ca693ce648577f752b7e511f8e
    Entity as printed
    dfcu Limited and its subsidiaries (dfcu Bank Limited, dfcu Foundation)
    Note
    A second signed copy on the issuer's server (…/2026/06/dfcu-Ltd-FY25-final-signed-report.pdf, SHA-256 43dfc1e9…) differs only on pp3–5 (corporate address, general information) and p116 (a contingency note). The copy linked from the financial-publications page is used.
    Issuer copy
    retrieved 2026-10-06T22:32:24Z

  • dfcu Annual Report and Financial Statements 2024

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: KPMG, unmodified opinion · signed

    Auditor's sign-off: KPMG; engagement partner CPA Stephen Ineget (P0401)

    Final status: Website version of the published annual report. The auditor's report names the engagement partner and is dated 31 March 2025; the board approval date (31 March 2025) and directors' names are printed, but signatures are not reproduced.

    Document date
    31 Mar 2025
    Auditor's report
    31 Mar 2025
    Board approval
    31 Mar 2025
    Retrieved by us
    6 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · UGX millions (printed “Ushs M”)
    • The auditor's report (KPMG, p66) includes an 'Other matter relating to comparative information': the 2023 consolidated and separate financial statements were audited by another auditor, who expressed an unmodified opinion on them on 27 March 2024.
    • Note 17 prints the comparative dividend as '(2021: Ushs 9.10 per share)' for the 2023 year; only the 2024 per-share figure is recorded.
    • The 2023 cash-flow column is headed 'Restated': interest received and paid, dividends received and proceeds of share sales were reclassified between activities (note 52).
    Technical details
    File
    152 pages, with a text layer
    SHA-256
    ffea3e5b89e7db1c3b4fa583af9798da5a75306fa3408b67bdb57400cc1dd581
    Entity as printed
    dfcu Limited and its subsidiaries
    Note
    Each PDF page holds two printed pages; the consolidated statement precedes the company statement on the same PDF page.
    Issuer copy
    retrieved 2026-10-06T22:32:58Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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