The Independent Uganda: You get the Truth we Pay the Price
dfcu FY2024 Highlights:
- 151% growth in profit after tax to UGX 72.1 billion
- 9% growth in Total Assets, reflecting strong performance and strategic growth initiatives
- Improved asset quality and capital adequacy, ensuring continued support for Uganda’s key economic sectors
Kampala, Uganda | THE INDEPENDENT | In recognition of its strong financial results, dfcu Limited has today declared a final dividend of sh20.09 per share, representing a 121% increase from the sh9.10 paid in 2023.
This payout, approved at their 60th Annual General Meeting (AGM) at Hotel Africana in Kampala, follows an impressive 151% rise in Profit After Tax (PAT) to sh72.1 billion, up from sh8.7 billion the previous year. The dividend will be paid by 30th August 2025, to shareholders on the register as of 8th August 2025.
Earnings per share have risen to sh96.35 from sh38.39, highlighting continued profitability and enhanced shareholder value.
The dfcu AGM was convened to review the group’s performance for the financial year ended 31st December 2024 and to pass key resolutions, including the approval of a dividend payout, the re-election and appointment of directors. Shareholders participated both physically and virtually.
Jimmy D. Mugerwa, Chairman of the Board of Directors, dfcu Limited, stated, “The results we are reporting reflect the continued execution of a robust strategy and the resilience of our business. This dividend demonstrates our commitment to value creation for shareholders and is a vote of confidence in dfcu’s future.”
Charles M. Mudiwa, Chief Executive Officer of dfcu Bank, added, “Our financial strength is anchored in prudent risk management, strategic investment in innovation and digital infrastructure, and a deep commitment to serving our customers. We are proud to reward our shareholders following a transformative year.”
The AGM also provided an opportunity for shareholders to engage with the board and executive management, reflecting dfcu’s commitment to transparency, accountability, and inclusive governance.
