dfcu Limited has today 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 D. Mugerwa, Chairman of the Board of Directors, dfcu Limited stated: “The results we are reporting reflect the continued execution of a robust strategy and the resilience of our business. This dividend demonstrates our commitment to value creation for shareholders and is a vote of confidence in dfcu’s future.”
Charles M. Mudiwa, Chief Executive Officer of dfcu Bank, added: “Our financial strength is anchored in prudent risk management, strategic investment in innovation and digital infrastructure, and a deep commitment to serving our customers. 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 provided an opportunity for shareholders to engage with the Board and Executive Management, reflecting dfcu’s commitment to transparency, accountability, and inclusive governance.
About Memoir Uganda – Showcasing Uganda
We are a comprehensive tourism and travel media company unleashing information about Uganda. We offer, among others, an all-inclusive guide on everything Uganda such as itineraries, consular information, timely and updated tour and travel news and general information about visiting and living in Uganda.
To us, Uganda is more than a tour destination. It is our homeland. Our knowledge about Uganda is ocean deep and we love showing the country’s splendid beauty to the world. We aim at sharing and showcasing Uganda to the tiniest bit, better than anyone else. We also aim at conserving our home land through our un wavered efforts towards climate change awareness.
Our Memoir Magazine showcases Uganda’s diverse potential in detail that is often left out and unknown. You ought never to miss a copy. We robustly believe that traveling should make the world a better place for everyone.
