2025 Half Year Results
2025 Half Year Results
The Group posted a consolidated profit after tax of $6.2 million for the six-months ending 30 June 2025, recovering from a loss of $32.7 million in the prior year. The 2024 loss was largely non-operational in nature, driven by artificial losses on investment property.
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Why invest in First Mutual Holdings limited?
A Future-Fit Financial Services Group Anchored in Resilience and Growth
First Mutual Holdings Limited is a regionally diversified financial services group offering exposure to high-growth sectors including insurance, reinsurance, property, microfinance and wealth management. With a strong presence in Zimbabwe and expanding operations in Southern Africa, FMHL combines innovation, ESG leadership and sound governance to deliver long-term value for shareholders. Our integrated model balances risk and opportunity, and positions the Group to thrive in evolving economic and regulatory landscapes.
2025 Half Year Results
Douglas Hoto, Group Chief Executive Officer
The Group’s solid financial position, diversified revenue streams, and strategic focus on increasing the contribution of regional operations provide a strong foundation for sustainable growth and long-term value creation for all stakeholders.

Performance Highlights
2025 Half Year Results
The Group posted a consolidated profit after tax of $6.2 million for the six-months ending 30 June 2025, recovering from a loss of $32.7 million in the prior year. The 2024 loss was largely non-operational in nature, driven by artificial losses on investment property.
Insurance Service Result (US$)
87.75 million
HY2024: 73.54 million
19%
Profit After Tax (US$)
0.50 million
HY2024:- 0.50 million
199%
Total Assets (US$)
6.17 million
HY2024: -32.69 million
119%

