Car & General (Kenya) PLC today held its 86th Annual General Meeting for the financial year ended 31 December 2025, where shareholders approved key resolutions reflecting the Group’s strong financial performance and strategic direction.

Shareholders approved a final dividend of KSh 3.12 per share, payable in June 2026, bringing total dividends for the year to KSh 3.42 per share, including the interim dividend.

The meeting also approved the discontinuation of the Employee Share Ownership Plan (ESOP) following a comprehensive review.

The Company will now explore more effective and modern employee reward frameworks better aligned with its performance strategy, talent retention priorities, and evolving workforce needs.

The Group reported a robust financial performance, with turnover increasing by 21% to KSh 25 billion, supported by improved market conditions and growth across product lines.

In Kenya, the motorcycle (boda boda) segment rebounded strongly, with average monthly sales rising to 8,000 units, up from 4,600 in 2024. Profit after tax increased to KSh 2.4 billion, while EBITDA grew by 153% to KSh 3.8 billion.

Commenting on the results, Group CEO Vijay Gidoomal said, “Our regional footprint continues to strengthen, with Uganda and Tanzania accounting for over 56% of total Group sales. At the same time, our commitment to sustainable mobility is gaining momentum, including the rollout of electric two-wheelers supported by over 350 battery swap stations in Kenya and Uganda through strategic partnerships.”

He added, “As we mark 90 years of Car & General in 2026, we remain focused on strong fundamentals - driving efficiency, protecting market leadership, investing in digital transformation, and creating long-term value guided by our Triple P bottom line: People, Planet and Profit. We are accelerating our focus on electric two and three-wheelers, as well as CNG and LPG three-wheelers in Kenya and Tanzania.”