SACCO members following proceedings of the AGM in April
Exodus SACCO posted solid balance sheet growth in 2025, with its loan book expanding to Shs70.3 billion even as total income was broadly flat and profitability weakened. Audited results for the year ended December 31, 2025 show total income at Shs12.47 billion, marginally lower than Shs12.53 billion in 2024.
Profit after tax fell 19 percent to Shs4.32 billion from Shs5.32 billion, largely on account of a steep drop in interest income. Presenting the Treasurer’s Report at the April 8, 2026 AGM, Board Treasurer SP Ssekanjako Eddy linked the decline to reduced loan disbursements following the rollout of the Human Capital Management (HCM) system in the public service. Interest income came in at Shs10.12 billion against a projection of Shs15.62 billion.
Non-interest income rose from Shs1.61 billion to Shs2.17 billion as the SACCO stepped up efforts to diversify revenue. Total expenditure climbed to Shs7.03 billion from Shs6.41 billion, reflecting administrative growth and operational changes. Overall assets increased by 12.8 percent from Shs85.9 billion to Shs96.6 billion, backed by higher loans and investments, while member savings grew to Shs41.30 billion from Shs35.87 billion, signalling sustained confidence.
Equity strengthened to Shs50 billion from Shs44.1 billion and liquidity improved, with cash holdings at Shs3.31 billion. Even so, lower profitability weighed on member returns, with proposed dividends down to Shs647.3 million (Shs296 per share) from Shs829.8 million (Shs442 per share) a year earlier. Ssekanjako said the SACCO remained financially sound, underpinned by stronger capital and liquidity buffers despite softer lending.
The subsidiary, EPIL, reported assets of Shs8.02 billion, revenue of Shs1.2 billion and profit of Shs111.2 million, further supporting income diversification. A relatively stable macroeconomic backdrop, with Uganda’s GDP expanding by 6.3 percent and inflation contained at 3.6 percent in 2025, underpinned members’ ability to service loans. Looking ahead, the SACCO’s leadership voiced confidence in building a more resilient, future-ready institution despite the year’s profitability pressures.
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