Business
dfcu explains 2025 performance to shareholders
Mugerwa noted that the bank’s share price closed 2025 at sh301 per share, outperforming the Uganda Securities Exchange local share index.
(Courtesy)
By: Ali Twaha, Journalist @New Vision
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Shareholders of dfcu Limited on July 15 met the company’s management at the Annual General Meeting (AGM) to review its performance for the year ended December 2025.
The meeting was dominated by discussions regarding a material key matter in the financials, such as an increase in legal costs linked to a long-running lawsuit in London, efforts to improve cost management, and regulatory compliance, among others.
Addressing the shareholders, Board Chairman Jimmy Mugerwa noted that the bank’s share price closed 2025 at sh301 per share, outperforming the Uganda Securities Exchange local share index.
dfcu Board Chairman Jimmy Mugerwa. (Courtesy)
“dfcu has always ascribed to ethical standards of global best practice and will continue to deliver value to its shareholders and best service to its customers. The board is committed to ensuring that the test is strongly defended. For us, the challenge is not to redefine who we are. It is to modernise how we operate so that our strengths translate into faster execution, better customer experience and stronger returns,” Jimmy Mugerwa, chairman, board of directors at dfcu, said.
Charles Mudiwa, dfcu Bank CEO, said profit after tax rose 8.5% to sh81.5b from sh75.1b, with the Bank crediting a 20% jump in non-funded income, to sh108b, for much of the improvement. Interest income from loans and advances at the Bank rose to sh223b from sh192.9b.
Management also assured shareholders that the legal process in London is in its final leg and is being managed to reach a conclusion.
dfcu shareholders during the engagement. (Courtesy)
Charles Mudiwa, dfcu Bank CEO, said profit after tax rose 8.5% to sh81.5b from sh75.1b, with the Bank crediting a 20% jump in non-funded income, to sh108b, for much of the improvement. Interest income from loans and advances at the Bank rose to sh223b from sh192.9b.
Management also assured shareholders that the legal process in London is in its final leg and is being managed to reach a conclusion.