GAZETTE NOTICE NO. 936

Details

Act / Legislation

THE YEAR ENDED 30 JUNE 2025 (I) STATEMENT OF CHANGES IN NET ASSETS FOR THE YEAR ENDED ON 30TH JUNE, 2025 2025 2024 KSh. KSh. DEALINGS WITH MEMBERS FUNDS Remitted member contribution 81,939,367,930 59,143,557,370 217 THE KENYA GAZETTE 23rd January, 2026 280 280 Unremitted member contribution 2,032,812,996 3,144,845,013 Contributions receivable 83,972,180,926 62,288,402,382 Less: Benefits Paid (8,736,065,966) (9,713,289,277) Net Surplus from dealings with members 75,236,114,959 52,575,113,105 INVESTMENT INCOME: Investment Income 55,774,467,944 39,617,489,184 FV gain/(loss) on revaluation of Investments 46,062,474,212 2,988,668,249 Gain/(loss) on realisation of investments 4,559,526,660 (215,684,206) Investment Management Expenses (1,097,976,550) (686,881,726) Net Investment Income 105,298,492,267 41,703,591,501 Other Income 552,293,199 611,518,345 Net Income 105,850,785,466 42,315,109,846 Less: OPERATING COST Administration cost (8,151,426,240) (6,950,213,769) Provisions (310,472,523) 84,366,599 Total operating cost (8,461,898,763) (6,865,847,171) Net increase in the Fund for the year 172,625,001,662 88,024,375,781 Net assets as previously reported 400,146,207,377 312,121,831,596 Net Assets as at 30th June, 2025. 572,771,209,039 400,146,207,377 (II) STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED 30TH JUNE, 2025 2025 2024 KSh. KSh. PLAN INVESTMENT ASSETS: Term and Demand Deposits 18,002,961,614 11,444,491,210 Government Securities-(Treasury bills) - 8,771,040 Government Securities-(Treasury bonds) 355,391,628,577 253,804,875,051 Eurobonds 34,286,595,973 7,168,671,038 Corporate bonds 1,573,474,195 1,723,248,494 Accrued Income 14,237,287,465 10,946,061,715 TPS Loans 2,083,682,416 2,543,385,556 Unquoted Equities 199,486,740 199,486,740 Real Estate Investment Trusts (REITS) 1,584,707,271 928,539,454 Private Equity 7,298,119,647 3,306,167,443 Money Market Funds 204,000,000 - Offshore Investments 2,605,317,531 1,063,938,283 Quoted Stocks 85,135,034,479 61,185,359,154 Investment property 35,447,457,956 35,389,483,481 Total Investment Assets 558,049,753,864 389,712,478,660 OTHER ASSETS: Property, plant and equipment 470,983,776 433,365,273 Intangible assets - - Assets under construction 1,265,325,610 128,016,172 Inventory 26,026,958 45,257,906 Staff Mortgage Scheme 1,329,439,690 1,304,830,014 Staff Loans 135,217,038 158,331,610 Receivables and Prepayments 10,201,624,713 8,191,311,181 Cash and bank balances 3,593,876,278 2,200,390,732 Total Other Assets 17,022,494,063 12,461,502,887 Total Assets 575,072,247,926 402,173,981,547 REPRESENTED BY: Payables and accruals 2,301,038,887 2,027,774,170 Total Liabilities 2,301,038,887 2,027,774,170 MEMBER LIABILITIES Unremitted Member Contribution 5,177,658,008 3,144,845,013 Accumulated members' funds 457,323,098,156 353,693,475,456 Member reserve accounts 110,270,452,875 43,307,886,909 Total Member Liabilities 572,771,209,039 400,146,207,377 FUND BALANCE 575,072,247,926 402,173,981,547 (III) STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 30TH JUNE, 2025 2025 2024 KSh. KSh. CASH FLOWS FROM OPERATING ACTIVITIES Net increase in assets 172,625,001,662 88,024,375,781 Adjustments: Foreign exchange gain/losses (35,946,845) 1,023,451,512 Fair value gain/(loss) on revaluation (46,062,474,212) (2,988,668,249) Increase /(decrease) in provision for Pay in Lieu of Leave (5,498,089) 19,498,333 Increase/(decrease) in provisions 310,472,523 (84,366,599) Depreciation on property, plant and equipment 203,122,253 217,985,926 23rd January, 2026 THE KENYA GAZETTE 281 Amortization of intangible assets - 90,188,217 Operating surplus/(deficit) before working capital changes 127,034,677,292 86,302,464,921 Changes in Working Capital: Increase/(decrease) in TPS Loans 459,703,141 157,126,779 Decrease/(increase) in inventories 19,230,948 (14,011,271) Increase/(decrease) in Staff Mortgage Scheme (24,609,676) (23,591,818) Increase/(decrease) in Staff Loans 23,114,571 15,120,790 Decrease/(increase) in debtors & prepayments (2,010,313,532) (1,610,638,235) Decrease/(increase) in accrued income (3,291,225,749) (3,362,379,517) increase/(decrease) in payables and accruals 273,264,717 207,889,364 Net Changes in working capital (4,550,835,579) (4,630,483,909) Net cash flows generated from operating activities 122,483,841,712 81,671,981,012 CASH FLOWS FROM INVESTING ACTIVITIES Placement/withdrawal of deposits with financial institutions (6,564,183,029) 2,854,969,579 Purchase/ redemption of Treasury bills 8,771,040 1,203,423,777 Purchase/sale or redemption of Treasury bonds (74,772,089,525) (66,156,324,471) Purchase/sale or redemption of Eurobonds (30,192,413,240) (8,803,947,549) Redemption of corporate bonds 169,294,084 18,598,267 Purchase/sale of unquoted equities (6,076,991,555) (4,991,670,225) Purchase/sale of quoted equities (2,481,734,116) (4,739,652,176) Purchase, development/sale of land and buildings 59,025,525 269,741,975 Additions to property, plant and equipment (240,711,946) (111,294,975) Additions to assets under construction (1,137,309,438) (95,033,455) Receipts from TPS and other loans 137,986,035 (117,824,195) Net cash flows from investing activities (121,090,356,166) (80,669,013,448) Net increase/(decrease in cash and cash equivalents 1,393,485,546 1,002,967,564 Cash and cash equivalents as at 1 July 2,200,390,732 1,197,423,167 Cash and cash equivalents as at 30 June 3,593,876,278 2,200,390,732 (IV) KEY HIGHLIGHTS 1. Contributions Member contributions grew by 35% from KSh. 62.29 in June 2024 to KSh. 83.97 billion in June 2025. 2. Active Members Active members grew by 8% from 3.3 million as at June 2024 to 3.6 million as at June 2025. 3. Member Benefits Member benefits dropped by KSh. 977 million or 10% from KSh.9.71 billion paid in June 2024 to KSh. 8.74 paid in june 2025. The drop is attributable to fewer applications by members. Member applications dropped by 11,893 or 11% in 2025 compared with 2023/2024 FY. 4. Net Investment Income Net investment income grew by 152% to reach KSh. 105.3 billion in 2025 from KSh. 41.7 billion recorded in 2024. 5. Investment Assets Investment assets grew by KSh.168 billion or 43% to reach KSh. 558 billion in 2025 from KSh. 389 billion in 2024. The growth is attributable to increased member contribution and impressive investment income. 6. Members Funds Members Funds increased by KSh.172.6 billion or 43%, to reach KSh. 572 billion as at 30th June, 2025 up from KSh. 400 billion as at 30th June, 2024. 7. Return on investments The Fund recorded 22% return on investment in 2025 financial year compared to 12.02% in June 2024, which is an 83% growth. 8. Access to Audited Financial Statements The Statement of Net Assets and Statement of Changes in Net Assets are extracts from the Fund’s Financial Statements approved by the Board of Trustees and audited by the Auditor General in accordance with the provisions of the Public Audit Act

Signed By

DAVID KOROSS

Title

Managing Trustee/CEO

Date Signed

30th June 2026

Page

19

Extraction Method

regex

Source Gazette