Skip to content
The African Exponent DATA
Resources

Review pending. Every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

HF Group

HFCK · Nairobi Securities Exchange · Incorporated in Kenya · Consolidated statements

On this page
Company details
Legal name
HF Group Plc
Incorporated in
Kenya
Listing
HFCK on the Nairobi Securities Exchange, active · ISIN KE0000000240 (observed 2026-10-07)
Sector
Banking (our classification from the stated principal activity)
Activity
Non-operating holding company of HFC Limited (banking) with bancassurance and property development subsidiaries.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, final status not established · source

Read with these figures

  • Annual report not confirmed as final. The published FY2025 copy is unsigned and undated (auditor's report, PDF p14; board approval, PDF p17). The FY2025 figures come from it; the copy alone does not show whether a signed auditor's report exists.
Full wording and sources

  • Annual report for 2025: final status not established

    Unsigned and undated copy: the auditor's report (PricewaterhouseCoopers LLP, engagement partner CPA Patrick Kiambi) has no signature and its date reads '______March 2026' (PDF p14, page image); the board approval reads '________March 2026' with blank signature lines for the chairperson, two directors and the company secretary (PDF p17, page image). No signed copy was found on the issuer's site (checked 2026-10-07). This copy's status alone does not show whether a signed auditor's report exists or whether the accounts have since been finalised; the report presents itself as audited, but the copy carries no signature or date.

    Source: HF Group Plc Annual Report and Financial Statements For the year ended 31 December 2025 (undated)

  • Net interest income

    KES 4.50 billion

    4,499,701 KES thousands · p15

    Change not shown.

    Interest income less interest expense, as printed.

  • Net operating income

    KES 6.00 billion

    5,999,580 KES thousands · p15

    Change not shown.

    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

    KES 1.42 billion

    1,422,292 KES thousands · p15

    Change not shown.

  • Total assets

    KES 83.3 billion

    83,346,166 KES thousands · p17

    Change not shown.

  • Customer deposits

    KES 55.9 billion

    55,874,371 KES thousands · p17

    Change not shown.

  • Total equity

    KES 17.7 billion

    17,674,333 KES thousands · p17

    Change not shown.

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

Not shown: the two years come from different filings.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in KES thousands 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 — annual report, final status not established; reported for the year · source
  • FY2024 — annual report, signed / final; reported for the year · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, KES thousands. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Interest income 7,651,098 6,555,348 5,347,608
Interest expense (3,151,397) (3,744,072) (2,654,825)
Net interest income 4,499,701 2,811,276 2,692,783
Allowance for expected credit losses (408,283) (364,460) (309,299)
Net interest income after credit impairment losses1 4,091,418 2,446,816 2,383,484
Fee and commission income 852,139 542,323 414,469
Fees and commission expense (61,159) (68,776) (73,688)
Net fees and commission income 790,980 473,547 340,781
Trading income 258,990 227,197 174,407
Other income 858,192 568,500 542,677
Net operating income 5,999,580 3,716,060 3,441,349
Employee benefits (2,318,406) (1,894,275) (1,625,812)
Depreciation and amortization2 (220,150) (238,518) (364,829)
Other operating expenses (1,976,970) (1,166,517) (1,184,170)
Share of profit in joint ventures34 125,431 23,243 31,946
Investment property fair valuation gain5 –6 20,000 36,000
Profit before income tax 1,609,485 459,993 334,484
Income tax (expense)/credit7 (187,193) 64,692 53,672
Profit for the year 1,422,292 524,685 388,156
Other comprehensive income (unlabelled subtotal) 641,871 Not reported in this filing98 Not reported in this filing9
Total comprehensive profit for the year 2,064,163 1,006,142 140,151
Items that may be reclassified (unlabelled subtotal)10 Not reported in this filing11 481,457 (265,005)
Items that will not be reclassified (unlabelled subtotal)12 Not reported in this filing13 –14 17,000
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (12)
  1. “Net interest income after credit impairment losses” is an issuer-specific line, not mapped to a shared definition: Issuer subtotal: net interest income less the ECL allowance.
  2. “Depreciation and amortization” is an issuer-specific line, not mapped to a shared definition: Note 12: depreciation and amortisation in one line.
  3. “Share of profit in joint ventures” is an issuer-specific line, not mapped to a shared definition: Note 21: joint ventures (not associates).
  4. Printed under different labels across filings: “Share of profit in joint ventures”; “Share of profit/(loss) in joint ventures”.
  5. “Investment property fair valuation gain” is an issuer-specific line, not mapped to a shared definition: Note 29.
  6. Printed under different labels across filings: “Income tax (expense)/credit”; “Income tax credit”.
  7. Annual report (undated) presents this line for this year: 481,457 (p15). Not shown in this column, which follows one filing's presentation.
  8. Not reported in this filing: Not printed as one line: other comprehensive income is shown in two groups without a total (p90).
  9. “Items that may be reclassified (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the FVOCI fair-value movement net of deferred tax.
  10. Not reported in this filing: The 2025 statement (p15) prints only items that may be reclassified, followed by one unlabelled subtotal (641,871), recorded as other comprehensive income; no separate group subtotal is printed.
  11. “Items that will not be reclassified (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the revaluation surplus net of deferred tax.
  12. Not reported in this filing: The 2025 statement (p15) prints no items that will not be reclassified.

Balance sheet

Balance sheet, KES thousands. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Cash and balances with banks 2,282,270 2,578,697 2,145,150
Placements with other banks 7,057 1,066,290 607,391
Investment in government securities 28,267,302 16,970,061 9,682,141
Loans and advances to customers 41,107,862 38,861,015 38,787,793
Other assets 2,796,798 2,687,452 2,495,449
Inventories 182,867 482,338 525,819
Property and equipment 1,149,052 872,546 792,635
Right-of-use asset 133,697 147,929 194,104
Intangible assets 494,017 316,318 277,897
Investment property 1,905,000 1,905,000 1,885,000
Investment in property fund1 634,140 548,771 380,207
Investment in joint ventures2 1,828,458 1,668,363 1,645,120
Derivative asset 962,539 15,7973 –4
Current income tax 365,293 372,751 367,255
Deferred income tax 1,229,814 1,654,454 1,764,469
Total assets 83,346,166 70,147,7825 61,550,430
Deposits from customers 55,874,371 47,470,795 43,847,644
Deposits from banks 1,022,568 388,106 3,193
Other liabilities 4,046,695 3,669,4266 3,277,155
Derivative liabilities 946,776 –78 1,570
Dividends payable 246 246 246
Deferred income tax –7 903 487
Borrowings 3,548,987 2,690,960 3,740,432
Government of Kenya income notes9 52,860 52,860 52,860
Lease liabilities10 179,330 192,819 261,513
Total liabilities 65,671,833 54,466,11511 52,685,100
Share capital 9,427,440 9,427,440 1,923,071
Share premium 2,649,338 2,649,338 4,343,512
Regulatory reserve 4,640,537 4,808,520 4,854,473
Revaluation reserves 1,312,129 1,312,129 1,312,129
Fair value reserves 817,950 176,079 (305,378)
Accumulated losses (1,173,061) (2,691,839)12 (3,262,477)
Total equity 17,674,333 15,681,66713 8,865,330
Total liabilities and shareholders’ equity 83,346,166 70,147,7825 61,550,430
Balances from Central Bank14 Not reported in this filing15 –7 1,500,000
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (13)
  1. “Investment in property fund” is an issuer-specific line, not mapped to a shared definition: Note 24.
  2. “Investment in joint ventures” is an issuer-specific line, not mapped to a shared definition: Note 21.
  3. Annual report (undated) prints 952,937 (thousands, p17) for this line and year.
  4. Annual report (undated) prints 71,084,922 (thousands, p17) for this line and year.
  5. Annual report (undated) prints 3,730,923 (thousands, p17) for this line and year.
  6. Annual report (undated) prints 937,140 (thousands, p17) for this line and year.
  7. “Government of Kenya income notes” is an issuer-specific line, not mapped to a shared definition: Note 32.
  8. “Lease liabilities” is an issuer-specific line, not mapped to a shared definition: Note 35: current and non-current not separated.
  9. Annual report (undated) prints 55,464,752 (thousands, p17) for this line and year.
  10. Annual report (undated) prints (2,753,336) (thousands, p17) for this line and year.
  11. Annual report (undated) prints 15,620,170 (thousands, p17) for this line and year.
  12. “Balances from Central Bank” is an issuer-specific line, not mapped to a shared definition: Note 27.
  13. Not reported in this filing: No 'Balances from Central Bank' line in the 2025 statement of financial position (p17).

Cash flow

Cash flow, KES thousands. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Cash used in operations (1,308,979) Not reported in this filing21 Not reported in this filing2
Income tax paid (31,086) Not reported in this filing43 Not reported in this filing4
Net cash flows from operating activities (1,340,065) (3,256,758)5 1,333,292
Purchase of property and equipment (363,284) (166,896) (85,183)
Purchase of intangible assets (246,018) (115,864) (158,411)
Proceeds from disposal of repurchased properties6 116,050 –7 35,700
Net cash outflows from investing activities8 (493,252) (451,324)9 (204,317)
Additional capital through rights issue10 –11 Not reported in this filing1312 Not reported in this filing13
Receipt of borrowed funds 2,052,359 Not reported in this filing1514 Not reported in this filing15
Repayments of borrowings16 (1,489,141) (1,049,472)17 (577,325)
Interest lease payments (19,279) (23,611) (30,422)
Principal lease payments (66,282) (82,934) (92,798)
Net cash inflows from financing activities18 477,657 4,654,17819 (700,545)
Net (decrease)/increase in cash and cash equivalents20 (1,355,660) 946,09621 428,430
Cash and cash equivalents at start of year 3,644,987 1,277,121 848,691
Cash and cash equivalents at end of year 2,289,327 2,223,21722 1,277,121
Investment in property fund23 Not reported in this filing24 (168,564) –7
Proceeds from disposal of property, plant and equipment Not reported in this filing25 –7 3,577
Additional capital (rights issue)26 Not reported in this filing27 7,499,975 –11
Additional capital (ESOP shares)28 Not reported in this filing29 4,394 –11
Bonus shares fully paid through share premium30 Not reported in this filing31 (1,499,995) –11
Transactions cost recorded directly in equity32 Not reported in this filing33 (194,179) –11
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (31)
  1. Annual report (undated) presents this line for this year: (1,979,099) (p21). Not shown in this column, which follows one filing's presentation.
  2. Not reported in this filing: Not printed: the statement of cash flows begins at net cash flows from operating activities (p96).
  3. Annual report (undated) presents this line for this year: (37,451) (p21). Not shown in this column, which follows one filing's presentation.
  4. Not reported in this filing: Not printed on the statement of cash flows (p96), which begins at net cash flows from operating activities.
  5. Annual report (undated) prints (2,016,550) (thousands, p21) for this line and year.
  6. “Proceeds from disposal of repurchased properties” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  7. Printed under different labels across filings: “Net cash flows used in investing activities”; “Net cash outflows from investing activities”.
  8. Annual report (undated) prints (282,760) (thousands, p21) for this line and year.
  9. “Additional capital through rights issue” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 31).
  10. Annual report (undated) presents this line for this year: 5,810,195 (p21). Not shown in this column, which follows one filing's presentation.
  11. Not reported in this filing: The 2024 statement of cash flows (p96) shows the rights issue as gross capital and transaction costs, not as one net line.
  12. Annual report (undated) presents this line for this year: - (p21). Not shown in this column, which follows one filing's presentation.
  13. Not reported in this filing: No borrowings-receipt line in the 2024 statement of cash flows (p96).
  14. Printed under different labels across filings: “Principle repayments of borrowings”; “Repayments of borrowings”.
  15. Annual report (undated) prints (1,036,474) (thousands, p21) for this line and year.
  16. Printed under different labels across filings: “Net cash flows used in financing activities”; “Net cash inflows from financing activities”.
  17. Annual report (undated) prints 4,667,176 (thousands, p21) for this line and year.
  18. Printed under different labels across filings: “Net (decrease)/increase in cash and cash equivalents”; “Net increase/(decrease) in cash and cash equivalents”.
  19. Annual report (undated) prints 2,367,866 (thousands, p21) for this line and year.
  20. Annual report (undated) prints 3,644,987 (thousands, p21) for this line and year.
  21. “Investment in property fund” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 24).
  22. Not reported in this filing: No property-fund investment line in the 2025 statement of cash flows (p21).
  23. Not reported in this filing: No disposal-proceeds line in the 2025 statement of cash flows (p21).
  24. “Additional capital (rights issue)” is an issuer-specific line, not mapped to a shared definition: Financing activities, gross of the items below (note 31).
  25. Not reported in this filing: The 2025 statement of cash flows (p21) prints the rights issue as one line, 'Additional capital through rights issue'.
  26. “Additional capital (ESOP shares)” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 31).
  27. Not reported in this filing: No ESOP-shares line in the 2025 statement of cash flows (p21).
  28. “Bonus shares fully paid through share premium” is an issuer-specific line, not mapped to a shared definition: Financing activities, as printed (note 31).
  29. Not reported in this filing: No bonus-shares line in the 2025 statement of cash flows (p21).
  30. “Transactions cost recorded directly in equity” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 31).
  31. Not reported in this filing: No separate transaction-cost line in the 2025 statement of cash flows (p21).

Per share and shares

Per share and shares. Columns: FY2025 — annual report (final status not established), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Earnings / (loss) per share (per share)2 0.721 0.90 1.01
≠ Note 1. Two printed figures (KES per share): 0.72 on the statement of profit or loss (p15) and 0.75 in note 14 (p85); difference 0.03. Displayed: 0.72, the statement figure; 0.75 is kept here and in the CSV. Arithmetic check: profit attributable to shareholders 1,422,292 thousand over 1,885,488 thousand shares = 0.754, which agrees with the note.
Weighted average shares (shares)3 1,885,488 thousand 582,429 thousand 384,614 thousand
Shares in issue at year end (shares)4 1,885,488 thousand 1,885,488 thousand 384,614 thousand
Notes and alternative reported figures (3)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share – Shs”.
  2. Weighted average shares: printed as “Weighted average number of ordinary shares (000’s)”.
  3. Shares in issue at year end: printed as “Number of ordinary shares in issue (000’s)”.

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.

No dividend statement or amount collected.

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.

  • HF Group Plc Annual Report and Financial Statements For the year ended 31 December 2025

    Year ended 31 December 2025 · Annual report · final status not established

    Audit: PricewaterhouseCoopers LLP, unmodified opinion

    Auditor's sign-off: PricewaterhouseCoopers LLP; engagement partner CPA Patrick Kiambi (practising certificate 2056), name printed, not signed

    Final status: Unsigned and undated copy: the auditor's report (PricewaterhouseCoopers LLP, engagement partner CPA Patrick Kiambi) has no signature and its date reads '______March 2026' (PDF p14, page image); the board approval reads '________March 2026' with blank signature lines for the chairperson, two directors and the company secretary (PDF p17, page image). No signed copy was found on the issuer's site (checked 2026-10-07). This copy's status alone does not show whether a signed auditor's report exists or whether the accounts have since been finalised; the report presents itself as audited, but the copy carries no signature or date.

    Document date
    none printed — undated
    Auditor's report
    date left blank in this document
    Board approval
    date left blank in this document
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025
    Basis
    consolidated statements · KES thousands (printed “Shs'000”)
    • Key audit matter: expected credit losses on loans and advances to customers (PDF p11).
    • Basic and diluted earnings per share are printed 0.72 on the statement of profit or loss (p15) but 0.75 in note 14 (p85); profit attributable to shareholders 1,422,292 over 1,885,488 thousand shares gives 0.75. The statement figure is shown as printed; the per-share check fails visibly.
    • Note 16(b)'s restated 2024 split (net cash from operating activities (1,834,988), investing (451,324), financing 4,654,178; table headed 'Shs' millions' over Shs thousands) differs from the statement of cash flows' own 2024 column (operating (2,016,550), investing (282,760), financing 4,667,176, p21); both give a net increase of 2,367,866. Its 'as previously reported' operating figure (3,256,873) also differs from the 2024 report's statement ((3,256,758)). Figures shown as printed on the statement.
    • The 2024 comparative balance sheet differs from the 2024 report without a restatement label or note: total assets 71,084,922 here against 70,147,782 there; derivative asset 952,937 against 15,797; derivative liabilities 937,140 against nil; other liabilities 3,730,923 against 3,669,426; accumulated losses (2,753,336) against (2,691,839); total equity 15,620,170 against 15,681,667. Both printings are kept; this filing's figures are shown for 2024.
    • Note 16(b) (PDF pp86-87): cash reserve ratio balances with the Central Bank of Kenya are now included in cash and cash equivalents; the 2024 statement of cash flows is headed 'Restated'.
    • The 2025 statement of profit or loss labels the FVOCI line 'Fair value loss' although it is a gain (916,959). No dividend is proposed for 2025 or 2024 (note 15).
    Technical details
    File
    130 pages, with a text layer
    SHA-256
    9dc914a75c868a405043131dfb34806075443edcb56ca616aab4e3ab6ddb5aec
    Entity as printed
    HF Group Plc (the Company) and its subsidiaries (together, the Group)
    Issuer copy
    retrieved 2026-10-07T23:43:33Z

  • HF Group Plc Annual Report and Financial Statements for the year ended 31 December 2024

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

    Audit: PricewaterhouseCoopers LLP, unmodified opinion · signed

    Auditor's sign-off: PricewaterhouseCoopers LLP; engagement partner FCPA Kang'e Saiti (practising certificate number 1652)

    Final status: Auditor's report signed for PricewaterhouseCoopers LLP (engagement partner FCPA Kang'e Saiti) and dated 27th March 2025 (PDF p89, page image); statements approved by the board on 27th March 2025 and signed by the chairperson, the chief executive officer, a director and the company secretary (PDF p92, page image).

    Document date
    27 Mar 2025
    Auditor's report
    27 Mar 2025
    Board approval
    27 Mar 2025
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024, FY2023
    Basis
    consolidated statements · KES thousands (printed “Shs'000”)
    • Key audit matter: expected credit losses on loans and advances to customers (PDF pp87-88).
    • The statement of cash flows begins at net cash flows from operating activities (no cash-generated line). Other comprehensive income is printed in two groups (481,457 and nil; 2023: (265,005) and 17,000) without a total. The rights-issue proceeds are shown gross with bonus shares and costs as separate lines. No dividend for 2024 or 2023 (note 15).
    Technical details
    File
    212 pages, with a text layer
    SHA-256
    48edd82530eb879560110ac349300a241d61db1de9cac44e8833744c6238c3b6
    Entity as printed
    HF Group Plc (the Company) and its subsidiaries (together, the Group)
    Issuer copy
    retrieved 2026-10-07T23:43:33Z

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.

Download

Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

Kenya country page · Company methodology and coverage