Quest Pinnacle Investments

Performance Overview

Financial Year 2025 at a Glance

Revenue

KSh 115.4M

FY 2025 ▲ 83.5%

Net Profit

KSh 33.3M

After Tax ▲ 103.9%

Total Assets

KSh 501.8M

Consolidated ▲ 38.0%

Member Deposits

KSh 378.4M

Non-current ▲ 29.8%

Shareholders' Equity

KSh 57.7M

▲ 136.1%

Dividends Paid

KSh 74.2M

To Members ▲ 83.6%

Investment Assets

KSh 490.8M

▲ 38.2%

Effective Tax Rate

30%

Corporate Rate

Year-over-Year Revenue Growth

62.9M

FY 2024

115.4M

FY 2025

+83.5% Revenue Growth Year-over-Year

Report of the Directors

For the year ended 31st December 2025

The directors submit the financial statements for the year ended 31st December 2025, which disclose the state of affairs of the company.

Incorporation

The company is incorporated in Kenya under the Kenyan Companies Act and is domiciled in Kenya.

Principal Activities

Quest Pinnacle Investments Ventures Limited is a specialized investment company with a focus on generating returns for our shareholders through a range of investment options.

Results and Dividends

The net profit for the period of KSh 33,290,354 has been added to retained earnings. The director does not recommend the declaration of dividends for the year.

Auditors

During the period Maina Kamau and Associates were appointed as the company's auditor and have expressed their willingness to continue in office.

By order of the Director

Prof. Paul Kibicho, PhD, QBE, HSC

Director

Statement of Directors' Responsibilities

Governance

It is the responsibility of the directors to prepare Financial Statements for each financial year that gives a true and fair view of the state of affairs of the company at the end of the financial year and of its operating results for that year.

The directors accept responsibility for the Financial Statements, which have been prepared using appropriate accounting policies supported by reasonable and prudent judgments and estimates, in conformity with International Financial Reporting Standards.

The directors are of the opinion that the Financial Statements give a true and fair view of the financial affairs of the company as of 31st December 2025 and of its operating results for the period then ended.

Nothing has come to the attention of the directors to indicate that the company will not remain in operation for at least the next twelve months from the date of the Financial Statements.

Acknowledged by the directors on 8th January 2026

Prof. Paul Kibicho, PhD, QBE, HSC — Director

Independent Auditor's Report

Independent Assessment

✓

Unqualified Opinion

Clean Audit — True and Fair View

In our opinion, the financial statements give a true and fair view of the financial position of Quest Pinnacle Investments Ventures Limited on 31st December 2025, and its financial performance and cash flow for the year ended in accordance with International Financial Reporting Standards and the requirements of the Kenyan Companies Act, 2015.

We conducted our audit in accordance with International Standards on Auditing (ISAs). We are independent of the company in accordance with the IESBA Code of Ethics for Professional Accountants.

Kenyan Companies Act, 2015 — Compliance

●Directors' report is consistent with the financial statements

●All information and explanations necessary for the audit were obtained

●Proper books of accounts have been kept by the company

●Balance sheet and profit and loss agree with the books of accounts

CPA Alex Maina Kamau

Practicing Certificate No. P/2622 · Maina Kamau & Associates · 9th January 2026

Statement of Comprehensive Income

For the year ended 31st December 2025

Particulars	Note	2025 (KSh)	2024 (KSh)
Revenue		115,389,520	62,890,456
Gross profit		115,389,520	62,890,456
Other operating income	4	13,609,240	7,137,191
Administrative expenses	App. I	(5,456,993)	(4,632,117)
Other operating expenses	App. II	(75,146,159)	(41,321,179)
Operating profit before finance costs, depreciation & tax		48,395,608	24,074,351
Finance costs		-	-
Profit before depreciation & tax		48,395,608	24,074,351
Depreciation	5	(837,959)	(757,890)
Profit before tax		47,557,649	23,316,461
Tax	6	(14,267,295)	(6,994,938)
Net profit for the year		33,290,354	16,321,523

Profit Adjusted for Non-cash Items

Particulars	Note	2025 (KSh)	2024 (KSh)
Operating profit after depreciation and tax		33,290,354	16,321,523
Add back depreciation	5	837,959	757,890
Net operating profit for the year		34,128,313	17,079,413

Statement of Financial Position

As at 31st December 2025

Capital Employed

	Note	2025 (KSh)	2024 (KSh)
Share capital		3,052,679	3,052,679
Retained earnings		54,690,567	21,400,212
Shareholders' funds		57,743,246	24,452,891

Non-current liabilities
Member deposits	7	378,392,705	291,628,325
Total non-current liabilities		378,392,705	291,628,325

Total Capital Employed		436,135,951	316,081,216

Represented By

	Note	2025 (KSh)	2024 (KSh)
Non-current assets
Property, plant and equipment	5	8,296,706	6,743,510
Assorted investment assets	8	490,823,803	355,168,349
Total non-current assets		499,120,509	361,911,859

Current assets
Cash and cash equivalents	9	2,635,224	1,593,874
Total current assets		2,635,224	1,593,874

Current liabilities
Trade and other payables	10	51,352,487	40,429,579
Current tax	6	14,267,295	6,994,938
Total current liabilities		65,619,782	47,424,517

Net current liabilities		(62,984,558)	(45,830,642)
Net Assets		436,135,951	316,081,216

Acknowledged by the directors on 8th January 2026 — Prof. Paul Kibicho, PhD, QBE, HSC, Director

Statement of Changes in Owners' Equity

For the year ended 31st December 2025

	Share Capital (KSh)	Retained Earnings (KSh)	Total (KSh)
At 1st January 2025	3,052,679	21,400,212	24,452,891
Issue for cash	-	-	-
Net profit for the year	-	33,290,354	33,290,354
At 31st December 2025	3,052,679	54,690,567	57,743,246

Statement of Cash Flows

For the year ended 31st December 2025

Particulars	Note	2025 (KSh)	2024 (KSh)
Cash flows from operating activities
Profit before income tax		47,557,649	23,316,461
Depreciation on PPE	5	837,959	757,890
Operating profit before working capital changes		48,395,608	24,074,351
Trade and other payables	10	10,922,908	16,977,444
Cash generated from operations		59,318,516	41,051,795
Tax paid	6	(6,994,938)	(2,756,690)
Net cash from operating activities		52,323,578	38,295,104

Cash flows from investing activities
Purchase of PPE	5	(2,391,155)	-
Movements in investment assets	9	(135,655,454)	(125,493,345)
Net cash used in investing		(138,046,609)	(125,493,345)

Cash flows from financing activities
Movements in member deposits	8	86,764,380	87,214,940
Net cash from financing		86,764,380	87,214,940

Net increase in cash		1,041,349	16,700
Cash at 1st January	10	1,593,874	1,577,175
Cash at 31st December	10	2,635,224	1,593,874

Notes

To the Financial Statements

Note 4 — Other Operating Income

Particulars	2025 (KSh)	2024 (KSh)
Member registration fees	252,860	225,000
Retained dividend income	13,356,380	6,912,191
Total	13,609,240	7,137,191

Note 5 — Property, Plant & Equipment

Particulars	Land (KSh)	Furn. & Equip. (KSh)	Computers (KSh)
Opening carrying value	3,770,000	1,049,760	1,923,750
Additions	1,000,000	638,290	752,865
Depreciation charge	-	(168,805)	(669,154)
Closing carrying value	4,770,000	1,519,245	2,007,461

Cost	4,770,000	2,238,290	5,312,865
Accumulated depreciation	-	(719,045)	(3,305,404)
Net carrying value	4,770,000	1,519,245	2,007,461

Depreciation rates: Land 0%, Furniture & Equipment 10%, Computers & Copiers 25%

Note 6 — Income Tax

Particulars	Note	2025 (KSh)	2024 (KSh)
Accounting profit before tax		47,557,649	23,316,461
Add back: Depreciation	5	837,959	757,890
Less: Wear and tear	III	(837,959)	(757,890)
Taxable profit		47,557,649	23,316,461
Income tax		14,267,295	6,994,938

Note 7 — Member Deposits

Particulars	2025 (KSh)	2024 (KSh)
Opening balance	291,628,325	204,413,385
Additions	86,764,380	87,214,940
Closing balance	378,392,705	291,628,325

Note 8 — Assorted Investment Assets

Particulars	2025 (KSh)	2024 (KSh)
Opening balance	355,168,349	229,675,004
Additions	135,655,454	125,493,345
Closing balance	490,823,803	355,168,349

Note 9 — Cash and Cash Equivalents

Particulars	2025 (KSh)	2024 (KSh)
Cash and current account balances	2,635,224	1,593,874
Total	2,635,224	1,593,874

Note 10 — Trade and Other Payables

Particulars	2025 (KSh)	2024 (KSh)
Dividends	51,352,487	40,429,579
Total	51,352,487	40,429,579

Note 1 — Summary of Significant Accounting Policies

Basis of preparation: Financial statements are prepared in compliance with IFRS under the historical cost convention, presented in Kenya Shillings (KSh).

Revenue recognition: Sales represent fair value of consideration received, net of VAT, rebates, and trade discounts.

Property, plant & equipment: Stated at historical cost less accumulated depreciation. Reducing balance method — Buildings 2%, Motor vehicles 30%, Furniture 10%, Computers 10%.

Cash equivalents: Cash in hand, term and call deposits, and short-term highly liquid money market instruments with maturities ≤ 3 months.

Taxation: Tax expense is the aggregate of current tax and deferred income tax.

Appendices

Detailed Schedules

Appendix I — Administrative Expenses (Employment)

Employment Costs	2025 (KSh)	2024 (KSh)
Salaries and allowance	1,200,000	900,000
Directors emoluments	1,800,000	1,800,000
Total employment costs	3,000,000	2,700,000

Appendix I — Administrative Expenses (Other)

Other Admin Expenses	2025 (KSh)	2024 (KSh)
Telephone expenses	92,460	88,836
Membership certificates	58,285	42,000
Internet expenses	162,000	162,000
Professional expenses	420,000	405,000
Management system expenses	120,458	-
AGM expenses	250,600	-
Cleaning expenses	48,000	-
Hospitality & entertainment	255,390	240,246
Transport expenses	63,250	45,000
Computer expenses	10,500	-
Stationery & printing	887,420	874,368
Bank charges	88,630	74,667
Total other admin	2,456,993	1,932,117
Total administrative expenses	5,456,993	4,632,117

Appendix II — Other Operating Expenses

Particulars	2025 (KSh)	2024 (KSh)
Water	42,769	36,600
Licenses, permits & compliance	135,000	135,000
Rent	720,000	720,000
Dividends payout	74,248,390	40,429,579
Total other operating expenses	75,146,159	41,321,179

Appendix III — Wear and Tear Schedule

Particulars	Class II / 25% (KSh)	Class IV / 10% (KSh)	Total (KSh)
Opening carrying value	1,923,750	1,049,760	2,973,510
Additions	752,865	638,290	1,391,155
Wear and tear charge	(669,154)	(168,805)	(837,959)
Written down value	2,007,461	1,519,245	3,526,706

Cost	5,312,865	2,238,290	7,551,155
Accumulated W&T	(3,305,404)	(719,045)	(4,024,449)
Written down value	2,007,461	1,519,245	3,526,706

Annual Report &
Audited Financial Statements

Performance Overview

Year-over-Year Revenue Growth

Company Information

Report of the Directors

Statement of Directors' Responsibilities

Independent Auditor's Report

Statement of Comprehensive Income

Profit Adjusted for Non-cash Items

Statement of Financial Position

Capital Employed

Represented By

Statement of Changes in Owners' Equity

Statement of Cash Flows

Notes

Note 4 — Other Operating Income

Note 5 — Property, Plant & Equipment

Note 6 — Income Tax

Note 7 — Member Deposits

Note 8 — Assorted Investment Assets

Note 9 — Cash and Cash Equivalents

Note 10 — Trade and Other Payables

Note 1 — Summary of Significant Accounting Policies

Appendices

Appendix I — Administrative Expenses (Employment)

Appendix I — Administrative Expenses (Other)

Appendix II — Other Operating Expenses

Appendix III — Wear and Tear Schedule

Download Report

Quest Pinnacle Financial Statements 2025