Exodus SACCO recorded strong balance sheet growth in 2025, with its loan portfolio rising to Shs70.3 billion, even as overall income remained largely stable and profitability declined.
According to the SACCO’s consolidated audited financial statements for the year ended December 31, 2025, total income stood at Shs12.47 billion, slightly down from Shs12.53 billion in 2024.
However, profit after tax dropped by 19 percent from Shs5.32 billion in 2024 to Shs4.32 billion in 2025, largely due to a sharp decline in interest income.
Presenting the Treasurer’s Report on Wednesday, April 8, 2026 during the SACCO AGM, Board Treasurer SP Ssekanjako Eddy attributed the drop to reduced loan disbursements following the transition to the Human Capital Management (HCM) system under the public service framework.
Board Treasurer SP Ssekanjako Eddy (RIGHT) at the AGM on Wednesday.
Interest income fell significantly from a projected Shs15.62 billion to Shs10.12 billion, a reduction of over Shs5.4 billion.
Despite this, non-interest income improved from Shs1.61 billion to Shs2.17 billion, reflecting efforts to diversify revenue streams.
Total expenditure increased to Shs7.03 billion from Shs6.41 billion, driven by administrative expansion and operational adjustments.
The SACCO’s asset base grew by 12.8 percent from Shs85.9 billion to Shs96.6 billion, supported by growth in loans and investments. Member savings also rose from Shs35.87 billion to Shs41.30 billion, signalling sustained confidence among members.
Equity increased to Shs50 billion from Shs44.1 billion, while liquidity improved, with cash holdings rising to Shs3.31 billion.
However, the decline in profitability impacted shareholder returns, with proposed dividends dropping from Shs829.8 million (Shs442 per share) in 2024 to Shs647.3 million (Shs296 per share) in 2025.
SACCO members following proceedings of the AGM.
Ssekanjako noted that while lending activity slowed, the SACCO maintained financial stability through stronger capital and liquidity positions.
Meanwhile, its subsidiary, EPIL, posted assets worth Shs8.02 billion, revenue of Shs1.2 billion, and a profit of Shs111.2 million, contributing to income diversification.
Uganda’s stable macroeconomic environment, with GDP growth of 6.3 percent and inflation at 3.6 percent in 2025, supported the SACCO’s operations by enabling members to meet their loan obligations.
Looking ahead, the SACCO leadership expressed optimism about building a resilient and future-ready institution despite the challenges experienced during the year.
