BK GROUP (BKG) investor relations material

Executive summary

• Net income for the first nine months of 2025 reached RWF 83.5 billion, up 19.8% year-over-year, reflecting strong execution of strategic priorities and a favorable Rwandan macroeconomic environment with 7.8% GDP growth and stable inflation.

• Interim dividend of RWF 11.2 per share declared, a 7.7% increase from the prior year, supported by improved profitability and robust capital position.

Financial highlights

• Total operating income rose 7.0% year-over-year to RWF 203.8 billion, driven by a 13.5% increase in net interest income to RWF 159.7 billion; non-interest income declined 11.4% due to lower FX and fee income.

• Operating expenses were contained at RWF 75.4 billion, improving the cost-to-income ratio to 37.0% from 37.9% in 9M 2024.

• Net impairment charges fell 47.6% to RWF 12.1 billion, supporting profit before tax growth of 22.2%.

• Total assets increased 7.6% year-to-date to RWF 2,712.6 billion; net loans to customers grew 17.2% to RWF 1,703.5 billion; customer deposits rose 3.0% to RWF 1,690.8 billion.

• Shareholders' equity increased 15.4% year-to-date to RWF 506.1 billion.

Outlook and guidance

• Focus remains on sustainable growth, digital innovation, and value delivery, leveraging Rwanda's positive economic momentum.

• Continued investment in digital channels and ecosystem expansion, with plans to broaden distribution of investment products and digital payment solutions.