DFCU Limited on Thursday, 10th July, held its 60th Annual General Meeting (AGM) at Hotel Africana in Kampala, with shareholders participating both physically and virtually.
The 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.
In recognition of its strong financial results, dfcu declared a final dividend of UGX 20.09 per share, representing a 121% increase from the UGX 9.10 paid in 2023. This payout follows an impressive 151% rise in Profit After Tax (PAT) to UGX 72.1 billion, up from UGX 28.7 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 UGX 96.35 from UGX 38.39, highlighting continued profitability and enhanced shareholder value.
Jimmy Mugerwa, the Chairman of the Board of Directors, dfcu Limited noted that the results reported reflect the continued execution of a robust strategy and the resilience of their business.
“This dividend demonstrates our commitment to value creation for shareholders and is a vote of confidence in dfcu’s future,” he added.
Charles Mudiwa, the Chief Executive Officer of dfcu Bank, said that their financial strength is anchored in prudent risk management, strategic investment in innovation and digital infrastructure, and a deep commitment to serving the customers, adding, “We are proud to reward our shareholders following a transformative year.”
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
The AGM also allowed shareholders to engage with the Board and Executive Management, reflecting dfcu’s commitment to transparency, accountability, and inclusive governance.
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