AGM: dfcu Bank raises dividend as profits strengthen

What the report says

The Independent Uganda reports that dfcu Limited shareholders approved a Shs16.32 billion dividend at the group’s 61st Annual General Meeting, held in Kampala on July 15. The payout for the year ended December 31, 2025 amounts to Shs21.81 per share, up from Shs20.09 a year earlier, after group profit after tax rose to Shs74.9 billion from Shs72.1 billion in 2024. Earnings per share also increased, reaching Shs100.2 compared with Shs96.4 previously.

According to the report by Julius Businge, dfcu’s board presented the results as evidence that the financial services group is moving from a period of balance-sheet repair into a more growth-oriented phase. Board chair Jimmy Mugerwa said 2025 marked a shift from consolidation toward stronger execution, with emphasis on capital allocation, governance, sustainable returns and long-term value. The group’s main operating subsidiary, dfcu Bank, posted profit after tax of Shs81.6 billion in 2025, up from Shs75.1 billion.

Chief executive Charles Mudiwa attributed the bank’s improved performance to a renewed focus on customer lending, tighter cost control and disciplined management of capital. The Independent reported that dfcu is directing credit toward sectors including agriculture, manufacturing, infrastructure and small and medium-sized enterprises, after previously maintaining a heavier position in government securities.

The report also noted that dfcu is investing in technology, risk oversight, cybersecurity readiness and sustainability-related governance. The group says its priorities include support for women entrepreneurs, small businesses, agribusiness, financial literacy, green enterprises and community initiatives. The development matters because it signals stronger shareholder returns while dfcu positions itself for growth in a Ugandan banking market facing pressure to digitize, manage credit risk and diversify income.