2025 Full Year Results
2025 Full Year Results
Administrative expenses were carefully controlled, while targeted strategic investments were made to support digital transformation. As a result, the Group recorded a profit after tax of $14.3 million for the year, compared to a loss of $26.2 million in 2024. The Group recorded positive fair value gains on investment properties of $3.9 million, compared to substantial losses in the prior period.
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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 Full Year Results
Douglas Hoto, Group Chief Executive Officer
Understanding and responding to our customers is at the heart of everything we do, ensuring our products remain relevant in a changing world. This customer focus, combined with a strong financial foundation and growing regional presence, positions the Group for sustainable growth.

Performance Highlights
2025 Full Year Results
Administrative expenses were carefully controlled, while targeted strategic investments were made to support digital transformation. As a result, the Group recorded a profit after tax of $14.3 million for the year, compared to a loss of $26.2 million in 2024. The Group recorded positive fair value gains on investment properties of $3.9 million, compared to substantial losses in the prior period.
Insurance Contract Revenue (US$)
176.8 million
FY2024: 160.4 million
10%
Profit After Tax (US$)
14.3 million
FY2024:- 26.3 million
155%
Total Assets (US$)
280.8 million
FY2024: 256.5 million
9%

