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Jubilee Holdings

JUB · Nairobi Securities Exchange; also JHL · Uganda Securities Exchange · Incorporated in Kenya · Consolidated statements

On this page
Company details
Legal name
Jubilee Holdings Limited
Incorporated in
Kenya
Primary listing
JUB on the Nairobi Securities Exchange, active · ISIN KE0000000273 (observed 2026-10-06)
Also listed
JHL on the Uganda Securities Exchange, active · ISIN KE0000000273 (observed 2026-10-06)
Sector
Insurance (our classification from the stated principal activity)
Activity
Investment holding company whose subsidiaries and associates provide life, health and property and casualty insurance and retirement products in East Africa and Mauritius.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

Source and wording notes

  • Auditor's emphasis of matter

    The auditors' report (KPMG Kenya, p82) includes an emphasis of matter on comparative information: it draws attention to Note 39, which states that the comparative information as at and for the year ended 31 December 2023 has been restated; the opinion is not modified in respect of this matter. Under 'Other matter' it states that the 2023 financial statements were audited by another auditor, who expressed an unmodified opinion on 29 May 2024, and that KPMG audited the Note 39 restatement adjustments but expresses no opinion or other assurance on the 2023 financial statements taken as a whole.

    Source: Jubilee Holdings Ltd Annual Integrated Report 2024 (dated 2025-05-08)

FY2023 figures come from an annual report, signed / final — see the column notes.

  • Insurance revenue (IFRS 17)

    KES 29.9 billion

    29,920,887 KES thousands · p82

    +16.5% vs 2024

    IFRS 17 insurance revenue, as printed: not gross written premiums.

  • Insurance service result

    KES 1.85 billion

    1,846,241 KES thousands · p82

    +163.8% vs 2024

  • Profit / (loss) for the year

    KES 5.55 billion

    5,550,648 KES thousands · p82

    +17.6% vs 2024

  • Total assets

    KES 251 billion

    251,082,948 KES thousands · p86

    +16.7% vs 2024

  • Insurance contract liabilities

    KES 188 billion

    187,721,233 KES thousands · p86

    +21.6% vs 2024

  • Total equity

    KES 55.6 billion

    55,606,596 KES thousands · p86

    +8.6% vs 2024

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.

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, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source
    • Auditor's emphasis of matter. The auditors' report (KPMG Kenya, p82) includes an emphasis of matter on comparative information: it draws attention to Note 39, which states that the comparative information as at and for the year ended 31 December 2023 has been restated; the opinion is not modified in respect of this matter. Under 'Other matter' it states that the 2023 financial statements were audited by another auditor, who expressed an unmodified opinion on 29 May 2024, and that KPMG audited the Note 39 restatement adjustments but expresses no opinion or other assurance on the 2023 financial statements taken as a whole.

Income statement

Income statement, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingsource limitations
Insurance revenue 29,920,887 25,676,005 22,612,853
Insurance service expense (26,884,724) (24,223,450) (21,754,027)
Insurance service results from insurance contracts issued12 3,036,163 1,452,555 858,826
Allocation of reinsurance premiums paid3 (1,864,624) (1,499,819) (1,652,630)
Amounts recovered from reinsurance contracts4 674,702 747,127 1,377,044
Net expenses from reinsurance contracts held (1,189,922) (752,692) (275,586)
Insurance service result 1,846,241 699,863 583,240
Interest revenue calculated under the effective interest method 22,572,167 17,058,937 14,508,841
Net gains/(losses) on FVTPL investments 4,897,959 2,815,118 (4,221,144)
Net gain from fair value adjustments to investment properties5 651,914 146,347 11,647
Investment income6 1,059,926 787,823 767,803
Gain on sale of investments at FVTPL7 265,801 81,730 299,209
Gain on sale of investments at FVOCI8 19,072 –9 Not reported in this filing10
Foreign exchange (loss)/gain 19,343 (512,634) 1,295,859
Allowance for expected credit losses (496,127) (11,131) (4,290)
Net investment income 28,990,055 20,366,190 12,657,925
Finance expenses from insurance contracts issued (24,480,709) (14,435,172) (11,053,104)
Net insurance and investment result 6,355,587 6,630,881 2,188,061
Other income 444,250 77,469 367,818
Other operating expenses (non-attributable) (2,377,981) (1,940,342) (2,248,503)
Total expenses and other income11 (1,933,731) (1,862,873) (1,880,685)
Share of associates profit 2,915,896 1,709,992 2,793,114
Other finance cost (153,332) (253,310) (319,681)
Group profit before income tax 7,184,420 6,224,690 2,780,809
Income tax expense (1,633,772) (1,502,870)12 (193,126)
Net profit 5,550,648 4,721,82013 2,587,683
Non-controlling interest14 (231,314) (70,799) 128,404
Total other comprehensive income, net of tax (147,988) (2,751,690) 2,798,946
Total comprehensive income for the year 5,402,660 1,970,131 5,386,629
  1. Printed “-”, read as nil: subtotal_arithmetic: is.investment_return.
Notes and alternative reported figures (13)
  1. “Insurance service results from insurance contracts issued” is an issuer-specific line, not mapped to a shared definition: Insurance revenue less insurance service expense, before reinsurance (IFRS 17).
  2. Printed under different labels across filings: “Insurance service result from insurance contracts issued (unlabelled subtotal)”; “Insurance service results from insurance contracts issued”.
  3. “Allocation of reinsurance premiums paid” is an issuer-specific line, not mapped to a shared definition: Note 8(a).
  4. “Amounts recovered from reinsurance contracts” is an issuer-specific line, not mapped to a shared definition: Note 8(b).
  5. “Net gain from fair value adjustments to investment properties” is an issuer-specific line, not mapped to a shared definition: Note 10(a).
  6. “Investment income” is an issuer-specific line, not mapped to a shared definition: Note 10(a): dividend and rental income; shown within net investment income.
  7. “Gain on sale of investments at FVTPL” is an issuer-specific line, not mapped to a shared definition: Note 10(a).
  8. “Gain on sale of investments at FVOCI” is an issuer-specific line, not mapped to a shared definition: Note 10(a).
  9. Not reported in this filing: The 2024 statement of profit or loss (p88) prints no gain on sale of FVOCI investments for 2023.
  10. “Total expenses and other income” is an issuer-specific line, not mapped to a shared definition: Other income less non-attributable operating expenses.
  11. Annual report dated 2025-05-08 prints (1,502,869) (thousands, p88) for this line and year.
  12. Annual report dated 2025-05-08 prints 4,721,821 (thousands, p88) for this line and year.
  13. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Note 17(b)(ii).

Balance sheet

Balance sheet, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingsource limitations
Investment in associates 22,402,082 21,850,330 25,205,100
Investment properties 6,668,112 6,408,799 7,582,206
Deferred tax asset 290,702 835,9411 898,838
Property, plant and equipment 2,731,049 2,685,172 2,499,348
Right of use asset 325,124 395,745 415,639
Intangible assets 211,416 194,871 146,337
Unquoted equity investments2 8,374,964 7,510,676 7,928,681
Mortgage deposits34 43,484 31,000 23,103
Quoted equity investments5 10,343,921 6,299,8656 4,292,866
Government securities7 173,647,818 143,472,651 118,897,435
Commercial bonds8 204,468 7,098 40,627
Insurance contract assets* 1,095,661 1,216,516 Not reported in this filing9
Reinsurance contract assets 3,914,924 3,918,023 4,262,763
Other receivables10 4,169,999 4,683,591 4,209,565
Premium debtors*11 494,435 338,537 Not reported in this filing12
Current income tax asset 1,364,693 982,70113 956,544
Loan receivable1415 3,111,214 3,058,520 3,903,505
Deposits with financial institutions16 7,714,344 8,669,113 6,978,058
Cash and bank balances 3,974,538 2,573,659 2,276,815
Total assets 251,082,948 215,132,80817 190,517,430
Deferred tax liability 2,820,699 1,644,224 1,291,111
Lease liability18 337,316 340,600 422,376
Insurance contract liabilities*19 187,721,233 154,339,44720 129,805,557
Reinsurance contract liabilities 77,212 251,454 276,778
Dividend payables 515,666 544,846 501,690
Current income tax liability 2,718 48,510 84,307
Other payables21 4,001,508 6,781,409 7,887,062
Total liabilities 195,476,352 163,950,49022 140,268,881
Share capital 362,365 362,365 362,365
Retained earnings 45,097,891 40,409,541 36,595,306
Reserves23 7,366,484 7,508,220 10,997,761
Proposed dividends24 942,149 833,439 891,417
Equity attributable to owners of the company 53,768,889 49,113,565 48,846,849
Non-controlling interest 1,837,707 2,068,753 1,401,700
Total equity 55,606,596 51,182,31825 50,248,549
Total liabilities and equity 251,082,948 215,132,80817 190,517,430
Borrowings Not reported in this filing26 Not reported in this filing2627 –28
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (27)
  1. Annual report dated 2025-05-08 prints 835,942 (thousands, p91) for this line and year.
  2. “Unquoted equity investments” is an issuer-specific line, not mapped to a shared definition: Note 19.
  3. “Mortgage deposits” is an issuer-specific line, not mapped to a shared definition: Note 22.
  4. Printed under different labels across filings: “Mortgage deposits”; “Mortgage loans”.
  5. “Quoted equity investments” is an issuer-specific line, not mapped to a shared definition: Note 23.
  6. Annual report dated 2025-05-08 prints 6,299,866 (thousands, p91) for this line and year.
  7. “Government securities” is an issuer-specific line, not mapped to a shared definition: Note 20(i).
  8. “Commercial bonds” is an issuer-specific line, not mapped to a shared definition: Note 20(ii).
  9. Not reported in this filing: The 2024 statement of financial position (p91) prints no insurance contract assets line; these were presented within insurance contract liabilities until the 2025 reclassification (2025 report, note 40).
  10. “Other receivables” is an issuer-specific line, not mapped to a shared definition: Note 24.
  11. “Premium debtors*” is an issuer-specific line, not mapped to a shared definition: Note 24(ii); reclassified out of insurance contract liabilities in 2025 (note 40).
  12. Not reported in this filing: The 2024 statement of financial position (p91) prints no premium debtors line; presented within insurance contract liabilities until the 2025 reclassification (2025 report, note 40).
  13. Annual report dated 2025-05-08 prints 982,699 (thousands, p91) for this line and year.
  14. “Loan receivable” is an issuer-specific line, not mapped to a shared definition: Note 21.
  15. Printed under different labels across filings: “Loan receivable”; “Loan receivable at fair value through profit or loss”.
  16. “Deposits with financial institutions” is an issuer-specific line, not mapped to a shared definition: Note 25(i).
  17. Annual report dated 2025-05-08 prints 213,577,755 (thousands, p91) for this line and year.
  18. “Lease liability” is an issuer-specific line, not mapped to a shared definition: Note 36(b); not split into current and non-current.
  19. Printed under different labels across filings: “Insurance contract liabilities”; “Insurance contract liabilities*”.
  20. Annual report dated 2025-05-08 prints 152,784,393 (thousands, p91) for this line and year.
  21. “Other payables” is an issuer-specific line, not mapped to a shared definition: Note 26.
  22. Annual report dated 2025-05-08 prints 162,395,436 (thousands, p91) for this line and year.
  23. “Reserves” is an issuer-specific line, not mapped to a shared definition: Note 31: revaluation, fair value, translation and other reserves combined.
  24. “Proposed dividends” is an issuer-specific line, not mapped to a shared definition: Note 33(a): proposed final dividend held in equity until approved.
  25. Annual report dated 2025-05-08 prints 51,182,319 (thousands, p91) for this line and year.
  26. Not reported in this filing: The 2025 statement of financial position (p86) prints no borrowings line for either year.
  27. Annual report dated 2025-05-08 presents this line for this year: - (p91). Not shown in this column, which follows one filing's presentation.

Cash flow

Cash flow, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingsource limitations
Cash generated from operations*1 8,163,247 7,419,5132 4,958,634
Income tax paid (659,583) (430,119) (436,766)
Net cash inflow from operating activities3 7,503,664 6,989,3944 4,521,868
Additions to investment in associates5 (935,968) –6 Not reported in this filing7
Disposal of investment property8 308,167 –6 Not reported in this filing9
Interest income received 20,718,518 13,993,634 12,477,243
Proceeds from disposal of plant property and equipment 504 –6 Not reported in this filing10
Purchase of plant property and equipment11 (421,861) (474,935) (742,357)
Purchase of intangible assets (139,824) (114,907) (84,932)
Purchase of unquoted equity investments12 (2,290,404) (140,618) (782,715)
Disposal of unquoted equity investments13 2,232,006 Not reported in this filing14 Not reported in this filing15
Repayment of mortgage deposits1617 –6 4,731 3,172
Issuance of mortgage deposits18 –6 (31,000) Not reported in this filing19
Purchase of quoted securities20 (1,484,735) (466,468) (632,880)
Proceeds from sale of quoted securities21 829,153 220,670 406,418
Purchase of government securities22 (41,753,081) (28,053,665) (20,011,702)
Purchase of commercial bonds23 (200,000) (282) –6
Redemption of government securities24 14,368,802 8,000,667 7,452,208
Dividends received from associates25 2,891,217 1,936,962 1,672,920
Loans advanced at fair value through profit or loss26 (82,567) –6 Not reported in this filing27
Redemption of preference shares by associate2829 –6 110 115
Proceeds from redemption of commercial bonds30 1,062 33,811 900
Rental income from investment properties*31 463,012 330,377 Not reported in this filing32
Dividends received from quoted equity investments33 596,914 457,446 398,039
Net Cash flow from investing activities (4,899,085) (4,303,467)34 149,361
Dividends paid (1,007,565) (1,036,363) (942,149)
Repayment of lease liabilities (129,310) (61,853) (176,875)
Interest paid on leases (38,396) (144,325) –35
Net cash used in financing activities (unlabelled subtotal) (1,175,271) (1,242,541) (2,483,112)
Cash and cash equivalents at the start of the year 5,343,481 4,657,565 3,348,679
Increase/(decrease) in cash equivalents 1,429,308 1,443,387 2,188,117
Exchange gain/loss on translation of cash balances 46,286 (757,471) (879,231)
Cash and cash equivalents at end of the year 6,819,075 5,343,481 4,657,565
Additions to investment property36 Not reported in this filing37 Not reported in this filing3738 (7,068)
Interest paid on borrowings Not reported in this filing39 Not reported in this filing39 (129,375)
Repayment of borrowings Not reported in this filing40 Not reported in this filing40 (1,234,713)
  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 (38)
  1. Printed under different labels across filings: “Cash generated from operations”; “Cash generated from operations*”.
  2. Annual report dated 2025-05-08 prints 7,749,891 (thousands, p96) for this line and year.
  3. Printed under different labels across filings: “Net cash inflow from operating activities”; “Net cash inflow/outflow) from operating activities”.
  4. Annual report dated 2025-05-08 prints 7,319,772 (thousands, p96) for this line and year.
  5. “Additions to investment in associates” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  6. Not reported in this filing: The 2024 cash-flow statement (p96) prints no additions-to-associates line.
  7. “Disposal of investment property” is an issuer-specific line, not mapped to a shared definition: Note 16.
  8. Not reported in this filing: The 2024 cash-flow statement (p96) prints no disposal-of-investment-property line.
  9. Not reported in this filing: The 2024 cash-flow statement (p96) prints no proceeds-from-disposal-of-PPE line.
  10. Printed under different labels across filings: “Purchase of PPE”; “Purchase of plant property and equipment”.
  11. “Purchase of unquoted equity investments” is an issuer-specific line, not mapped to a shared definition: Note 19.
  12. “Disposal of unquoted equity investments” is an issuer-specific line, not mapped to a shared definition: Investing activities; no 2024 amount printed.
  13. Not reported in this filing: The 2024 column of 'Disposal of unquoted equity investments' is blank: no amount and no dash is printed (p91).
  14. Not reported in this filing: The 2024 cash-flow statement (p96) prints no disposal-of-unquoted-equity line.
  15. “Repayment of mortgage deposits” is an issuer-specific line, not mapped to a shared definition: Note 22.
  16. Printed under different labels across filings: “Repayment of mortgage deposits”; “Repayment of mortgage loans”.
  17. “Issuance of mortgage deposits” is an issuer-specific line, not mapped to a shared definition: Note 22.
  18. Not reported in this filing: The 2023 column of 'Issuance of mortgage loans' is blank: no amount and no dash is printed (p96).
  19. “Purchase of quoted securities” is an issuer-specific line, not mapped to a shared definition: Note 23.
  20. “Proceeds from sale of quoted securities” is an issuer-specific line, not mapped to a shared definition: Note 23.
  21. “Purchase of government securities” is an issuer-specific line, not mapped to a shared definition: Note 20(i).
  22. “Purchase of commercial bonds” is an issuer-specific line, not mapped to a shared definition: Note 20(ii).
  23. “Redemption of government securities” is an issuer-specific line, not mapped to a shared definition: Note 20(i).
  24. “Dividends received from associates” is an issuer-specific line, not mapped to a shared definition: Note 17.
  25. “Loans advanced at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  26. Not reported in this filing: The 2024 cash-flow statement (p96) prints no loans-advanced-at-FVTPL line.
  27. “Redemption of preference shares by associate” is an issuer-specific line, not mapped to a shared definition: Note 17.
  28. Printed under different labels across filings: “Proceeds from redemption of associates”; “Redemption of preference shares by associate”.
  29. “Proceeds from redemption of commercial bonds” is an issuer-specific line, not mapped to a shared definition: Note 20(ii).
  30. “Rental income from investment properties*” is an issuer-specific line, not mapped to a shared definition: Note 10; moved from operating to investing activities in 2025 (note 40(b)).
  31. Not reported in this filing: The 2024 cash-flow statement (p96) prints no rental-income line in investing activities; rental income was within operating activities until the 2025 reclassification (2025 report, note 40(b)).
  32. “Dividends received from quoted equity investments” is an issuer-specific line, not mapped to a shared definition: Note 10.
  33. Annual report dated 2025-05-08 prints (4,633,844) (thousands, p96) for this line and year.
  34. “Additions to investment property” is an issuer-specific line, not mapped to a shared definition: Note 16.
  35. Not reported in this filing: The 2025 cash-flow statement (p91) prints no additions-to-investment-property line for either year.
  36. Annual report dated 2025-05-08 presents this line for this year: - (p96). Not shown in this column, which follows one filing's presentation.
  37. Not reported in this filing: The 2025 cash-flow statement (p91) prints no interest-on-borrowings line for either year.
  38. Not reported in this filing: The 2025 cash-flow statement (p91) prints no repayment-of-borrowings line for either year.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingsource limitations
Earnings / (loss) per share (per share)1 80 66 34
Profit / (loss) attributable to shareholders (KES thousands)2 5,781,962 4,792,620 2,459,279
Shares in issue at year end (shares)4 72,473 thousand 72,473 thousand3 72,453 thousand
Notes and alternative reported figures (4)
  1. Earnings / (loss) per share: printed as “Basic and diluted”.
  2. Profit / (loss) attributable to shareholders: printed as “Equity holders of the company”.
  3. Annual report dated 2025-05-08 prints 72,453 (thousands, p171) for this line and year.
  4. Shares in issue at year end: printed as “Number of ordinary shares in issue (KShs '000)”.

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 A final dividend of KShs 942 million (2024: KShs 833.44 million) has been proposed, which is KShs 13.00 per share no amount Annual report, p227
31 Dec 2025 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 13.00 KES per share Annual report, p227
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid (1,007,565) KES thousands Annual report, p91
31 Dec 2024 Dividend recommended, subject to shareholder approval A final dividend of KShs 833.44 million (2023: KShs 891.42 million) has been proposed, which is KShs 11.50 per share no amount Annual report, p243
31 Dec 2024 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 11.50 KES per share Annual report, p227
31 Dec 2024 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 11.50 KES per share Annual report, p243
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (1,036,363) KES thousands Annual report, p91
31 Dec 2023 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 10.00 KES per share Annual report, p243
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid (942,149) KES thousands Annual report, p96

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.

  • Jubilee Holdings Ltd Annual Integrated Report 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: KPMG Kenya, unmodified opinion · signed

    Auditor's sign-off: KPMG Kenya; engagement partner FCPA Joseph Kariuki (P/2102)

    Final status: Auditor's report signed (handwritten signature, p81 page image) for KPMG Kenya, engagement partner named, dated 19th May 2026; statements approved by the board on 28th April 2026 (p86).

    Document date
    19 May 2026
    Auditor's report
    19 May 2026
    Board approval
    28 Apr 2026
    Retrieved by us
    6 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · KES thousands (printed “KShs '000”)
    • 2024 cash flow: operating 6,989,394 + investing (4,303,467) + financing (1,242,541) = 1,443,386; the statement prints 1,443,387 (rounding).
    • 2024 dividends paid: the cash-flow statement prints (1,036,363); note 33(b) prints 'Dividend paid within the year (993,207)' and 'Dividends declared within the year 1,036,363'. The cash-flow figure is recorded.
    • 2024 profit: the statement of profit or loss prints net profit 4,721,820 but its attribution total 4,721,821 (4,792,620 + (70,799)); the statement of comprehensive income opens with 4,721,821. The profit-or-loss figure is recorded.
    • Dates: the board approval on p86 is printed as 28th April 2026; the auditor's report is dated 19th May 2026.
    • The 2024 statement of financial position and cash-flow columns are headed 'Reclassified' (note 40, p232): insurance contract assets (1,216,517) and premium debtors (338,537) moved out of insurance contract liabilities, raising 2024 total assets from 213,577,755 to 215,132,808 (KShs '000); rental income from investment property (330,377) moved from operating to investing cash flows.
    Technical details
    File
    244 pages, with a text layer
    SHA-256
    36b4d92d422ead69445ec7d0c9f91568af01494aa3607fe2750a1144cf272477
    Entity as printed
    Jubilee Holdings Limited and its subsidiaries (the Group)
    Issuer copy
    retrieved 2026-10-06T22:40:35Z

  • Jubilee Holdings Ltd Annual Integrated Report 2024

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

    Audit: KPMG Kenya, unmodified opinion · signed

    Auditor's sign-off: KPMG Kenya; engagement partner FCPA Joseph Kariuki (P/2102)

    Final status: Auditors' report for KPMG Kenya with the engagement partner named and dated 8th May 2025 (p86, page image); statements approved by the board on 10 April 2025 (p91).

    Document date
    8 May 2025
    Auditor's report
    8 May 2025
    Board approval
    10 Apr 2025
    Retrieved by us
    6 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · KES thousands (printed “KShs '000”)
    • Note 13 (p171) prints 2023 profit attributable to shareholders 2,457,366 (face of the statement: 2,459,279) and Group shares in issue 72,453 thousand (Company columns and the 2025 report: 72,473 thousand).
    • Note 34 (p243) prints the 2023 final dividend as KShs 891.42 million and 'KShs 10.00 per share'; 891.42 million over 72.47 million shares is about KShs 12.30. The printed per-share figure is recorded.
    • Note 39 (p250) gives restated 2023 figures that differ from the face of the 2023 statement of profit or loss: interest revenue 12,041,340 (face 14,508,841), foreign exchange gain 1,103,171 (face 1,295,859), net FVTPL result (1,560,955) (face (4,221,144)), allowance for expected credit losses nil (face (4,290)), net investment income 12,662,215 (face 12,657,925). The face figures are recorded.
    • Note references on the 2024 cash-flow statement do not match the notes they name in several places (e.g. purchase of intangible assets 'note 19', purchase of unquoted equity investments 'note 20(i)', purchase of government securities 'note 23'); recorded as printed.
    • Several 2024 figures differ by one from the 2025 report's comparatives (income tax (1,502,869) vs (1,502,870), net profit 4,721,821 vs 4,721,820, deferred tax asset 835,942 vs 835,941, quoted equity investments 6,299,866 vs 6,299,865, total equity 51,182,319 vs 51,182,318). Each document's figures are recorded as printed.
    • Every 2023 column is headed '*Restated' for the correction of prior-period errors (note 39, pp250–254): debt instruments for annuity and individual-life products reclassified from amortised cost back to FVTPL, and other errors.
    • Cash-flow financing lines (p96): the 2024 amount (144,325) is printed between the 'Dividends paid' and 'Repayment of lease liabilities' rows, above the row's other figures; 'Interest paid on leases' shows (61,853). The 2025 report prints the 2024 amounts the other way round (lease repayment (61,853), lease interest (144,325)). The 2024 values of both lines and of the unlabelled financing subtotal (1,242,541) are not transcribed from this document (recorded as gaps); the 2023 values are unambiguous and are recorded.
    Technical details
    File
    270 pages, with a text layer
    SHA-256
    e1cee62d2e5126b2bad659e996846a7fcdb6362a28558a563c645931af2e9606
    Entity as printed
    Jubilee Holdings Limited and its subsidiaries (the Group)
    Issuer copy
    retrieved 2026-10-06T23:06:09Z

Data notes

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