ZB FINANCIAL Holdings (ZBFH) has more than doubled its profit after tax (PAT) to ZiG427,77 million in its half year performance ended June 30, 2025, as total income surged by 77% during the period.
ZBFH recorded a PAT of ZiG191,68 million during the comparative period last year.
During the half year under review, ZBFH recorded total income of ZiG1,9 billion compared to the prior year’s ZiG1,07 billion.
As part of the total income, net income from lending activities was ZiG406,44 million from the prior year comparative of ZiG216,82 million.
“The group’s profit after tax increased by 123% to ZiG0,428 billion for the period ended June 30, 2025 from ZiG0,192 billion achieved during the same period in 2024,” ZBFH group chief executive Shepherd Fungura said in a statement attached to its half year financial results ended June 30, 2025.
“The improved profitability is mainly supported by the aforementioned growth in total income.”
He said the group’s operating costs increased by 80% to ZiG1,372 billion from ZiG0,761 billion in 2024.
The group embarked on a staff rationalisation exercise during the period under review and is expecting cost savings from automation of its processes.
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“The group’s total income increased by 77% from ZiG1,075 billion in H1 2024, to ZiG1,908 billion in H1 2025,” Fungura said.
“This performance outturn was on the back of significant improvement in non-funded income mainly from commission fees, other income and funded income.
“Disbursements of loans and advances during the period under review supported the 113% growth in the group’s net interest income from ZiG0,224 billion in 2024 to ZiG0,477 billion in 2025.”
Mortgages and other advances ended the period under review at ZiG3,59 billion, from the 2024 comparative of ZiG3,98 billion.
Fungura said loan impairment charges rose from ZiG0,007 billion in 2024 to ZiG0,07 billion in 2025.
“Resultantly, income from lending activities net of recoveries grew by 87% from ZiG0,217 billion in 2024 to ZiG0,406 billion in 2025. Banking commissions and fees surged by 125%, to close June 30, 2025 at ZiG0,905 billion,” he said.
“The improvement was mainly due to increase in electronic banking transactions as the group continues with its digitisation journey.”
The group also generated insurance revenue of ZiG0,423 billion for the half year under review, from a comparative ZiG0,193 billion during the same period in the prior year.
“The growth was supported by positive performance on cash funeral products and business acquisitions as well as the increased share participation in some portfolios,” Fungura said.
The group also saw its balance sheet strengthen quite significantly driven by its cash and cash equivalents soaring 81,25% to ZiG5,26 billion during the half year from the comparative 2024 period.
Consequently, total assets grew 23% to ZiG17,67 billion over the half year period under review from the comparative 2024 timeframe bolstering ZBFH’s balance sheet.
“The group will continue to support government towards Vision 2030, particularly through capacitating the productive sectors of the economy, as well as interventions in enhancing financial inclusion within the economy,” ZBFH chairperson Agnes Makamure said.
The group’s medium-term plan for 2021-2025 comes to an end at the end of the year, and during the second half of 2025 ZBFH will be putting in place the 2026-2030 mid-term strategy.
Building on the base established thus far, the 2026-2030 midterm strategy will revolve around the attainment of sustainable business growth while creating happy people.
