Amica Sacco has reinforced its position as one of Kenya’s most resilient and forward-looking cooperative financial institutions, posting strong financial results for the year ending 2025 during its 28th Annual Delegates Meeting (ADM).
The meeting was not only a reflection of financial recovery and growth, but also a clear signal of strategic maturity, anchored on digital transformation, diversified income streams, and strengthened governance frameworks.
A return to profitability backed by strong fundamentals
Amica Sacco delivered a notable turnaround in its financial performance, transitioning from a loss position in previous years to a surplus of Kshs. 272 million. This recovery underscores improved operational efficiency, disciplined financial management, and sustained confidence among its members.
The Sacco’s balance sheet continued to grow, with total assets rising to Kshs. 10.8billion, while members’ deposits surpassed Kshs. 8 billion, an indicator of a strong savings culture and trust in the financial institution.
Dr. James K. Mbui, CEO Amica Sacco, making his presentation during the 28th ADM.
Revenue performance remained robust, crossing the Kshs. 1.5 billion mark, driven largely by growth in lending activities and increased uptake of digital financial services and products. The loan book also recorded significant growth, reflecting heightened demand for credit among members navigating evolving economic realities.
Delivering tangible value to members
A defining feature of Amica’s performance remains its commitment to members’ value. The ADM approved a dividend payout of Kshs. 57.2 million for the year ended 31st December 2025, alongside Kshs. 152.6 million in interest on non-withdrawable ( dubbed investa) deposits and an additional Kshs. 4.13 million in interest from Amica Ventures Limited deposits.
These payouts highlight a strong earnings position and reinforce the Sacco’s core mandate of delivering consistent and meaningful returns to its members, even within a challenging macroeconomic environment.
The Chairman, Mr. Jediel K. Mwangi, emphasized this trajectory, noting that the Sacco’s performance reflects both institutional stability and the enduring trust of its membership base. “Our performance in 2025 demonstrates the strength of our foundation and the trust our members continue to place in us. Over the years, we have built a stable institution that continues to deliver value and grow sustainably.”
Amica Sacco delegates keenly following the 28th ADM.
Digital transformation as a growth engine
A key driver of Amica’s financial performance has been its deliberate and accelerated shift toward digital financial services. Over 85 percent of cash transactions—amounting to approximately Kshs. 26.2 billion—were processed through alternative channels, including mobile platforms, agency networks, and card-based systems.
This transition has significantly enhanced members’ convenience while improving operational efficiency and reducing transaction costs. More importantly, it positions the Sacco within a broader industry shift where digital infrastructure is no longer a support function, but a core growth driver.
Diversification through Amica Ventures
Beyond traditional lending, Amica Sacco continues to expand its revenue base through strategic diversification. Its subsidiary, Amica Ventures, contributed Kshs. 52.4 million in revenue during the 2025 financial year, alongside the sale of 134 plots and issuance of 984 title deeds.
This performance reflects growing confidence among investors. It also highlights the Sacco’s ability to leverage opportunities, leading to resilience and long-term sustainability.
Ambitious growth targets for 2026
Looking ahead, Amica Sacco has outlined a clear and ambitious growth agenda. The institution is aiming at growing its asset base to Kshs. 12 billion, alongside mobilizing Kshs. 2 billion in additional deposits and disbursing Kshs. 9 billion in loans.
Additionally, its revenue is projected to reach Kshs. 1.8 billion, with a targeted income retention rate of 21 percent, signaling a continued focus on profitability, efficiency, and sustainable expansion.
Strengthening governance in line with regulatory shifts
Besides focusing on financial growth, the Sacco is also enhancing its governance structures to align with evolving regulatory expectations. This includes responding to a recent directive from the Commissioner for Cooperative Development regarding delegate representation.
The new guidelines require Saccos with over 5,000 members to maintain between 150 and 500 delegates. Amica is currently reviewing its by-laws and electoral processes to ensure compliance, a move expected to improve representation, transparency, and efficiency in decision-making.
Positioned for long-term sustainability
As the Sacco enters its next phase of growth, its strategic direction reflects a balanced approach, combining financial discipline, digital innovation, diversified income streams, and strengthened governance.
The outcomes presented at the 28th ADM point to an institution that is not only recovering, but evolving, adapting to a more complex financial landscape while staying true to the cooperative principles. In an environment where members’ expectations, regulatory demands, and technological shifts continue to redefine the Sacco sub- sector, Amica is firmly positioned to sustaining its growth trajectory and delivering long-term value.
