NCBA Group, EABL and Stanbic Holdings report earnings

NCBA Group and EABL raise dividends while Stanbic Holdings cut interim dividends.

PWBy: Ian
IN BRIEF:
  • NCBA Group has reported 12.2% growth in half year earnings to Sh12.4 billion for the six month period ended June 2026 and raised its interim dividend to Sh3.75 per share, from Sh2.50 a year earlier.
  • EABL reported 49% rise in net profit to Sh18.2 billion for the year ended June 2026 and declared a final dividend of Sh8.70 per share.
  • Stanbic Holdings's half year earnings grew 1% to Sh6.6 billion for the half year period ended June 2026. The lender cut its interim dividends to Sh1.64 per share.
  • Peach Cars secure Sh520 million in debt financing
    Peach Cars has secured Sh517.6 million in debt financing from two Japanese financial institutions to expand its online vehicle marketplace operations in Kenya.
    The funding, provided by Japan Finance Corporation (JFC) and Shoko Chukin Bank, comes a year after Peach Cars raised Sh1.42 billion in a Series A round in June 2025.
    The financing will allow Peach Cars to scale its vehicle inspection capacity, expand access to vehicle financing and grow its online marketplace.
  • Deepseek plans to hike model prices
    DeepSeek plans to implement a significant price increase across its artificial intelligence (AI) services.
    In a notice posted on Thursday, DeepSeek did not specify the exact increases, other than to call them substantial and urged users to plan accordingly.
    DeepSeek-V4-Flash-0731 is currently the second strongest open-weight AI model on the market, behind only the massive 2.8-trillion-parameter model Kimi K3 from Moonshot AI.
    DeepSeek-V4-Flash-0731 on average costs Sh3.90 ($3) per task, making it roughly 105 times cheaper than Anthropic’s Claude Fable 5, which costs Sh410 ($3.15) per task
  • NCBA Group half year profits rise 12% to Sh12.4bn
    NCBA Group reported a 12.2 per cent rise in half-year net profit to Sh12.4 billion for the six months ended June 2026 and increased its interim dividend by 50 per cent to Sh3.75 per share, up from Sh2.50 a year earlier.
    The lender increased loan loss provisions by 60 per cent to Sh5.2 billion compared to Sh3.2 billion reported during the same period last year.
    NCBA Group Managing Director, John Gachora, said the increase was necessary to position the bank to absorb any potential risks.
  • DEVELOPINGSTORY
    EABL profits jump 49% to Sh18.2bn
    East African Breweries Limited (EABL) has reported a 49 per cent jump in net profit to Sh18.2 billion, up from Sh12.2 billion it reported a year earlier.
    The board has declared a final dividend of Sh8.70 per share, payable on October 31, 2026, to shareholders on the register at the close of business on October 19, 2026.
    The Group's Managing Director, Jane Karuku, told investors the performance was driven by country and category growth in volume and revenue with great delivery on productivity and cash.
  • Stanbic Holdings' half-year earnings rise 1% to Sh6.6B
    Stanbic Holdings reported a 1% increase in half-year net profit to Sh6.6 billion for the six months ended June 2026, supported by a 4% rise in net interest income to Sh12.3 billion, while non-interest income remained flat at Sh7.6 billion compared with the same period last year.
    The lender cut its credit impairment charges by half to Sh725m, compared to Sh1.4 billion it set aside last year.
    Stanbic Holdings has declared an interim dividend of Sh1.64 per share, payable on October 5, 2026, to shareholders on the register at the close of business on September 1, 2026.

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