By Joseph Muyingo
Dfcu Limited has warned shareholders and the investing public that it expects to report a loss for the six months ended June 30, 2026, citing soaring legal costs linked to an ongoing court case in the United Kingdom.
In a profit warning published in line with the Uganda Securities Exchange Listing Rules 2025, the bank said its unaudited half-year financial results will reflect a loss compared to the same period in 2025.
According to the notice, the loss is largely attributed to substantial legal expenses arising from proceedings before the English High Court. The case stems from a 2020 claim filed by Crane Bank Limited (CBL) and some of its shareholders against dfcu Limited, dfcu Bank and other parties over the acquisition of certain assets and the assumption of liabilities following the collapse of Crane Bank.
Despite the expected loss, dfcu said the setback is driven by litigation costs rather than weakness in its core business. The company maintained that its underlying business remains resilient, with strong fundamentals and a sustained upward trajectory reflected in its published financial performance.
The profit warning is likely to draw close attention from investors, as the long-running Crane Bank dispute continues to weigh on the bank’s financial results. Shareholders will now be waiting for the release of the full half-year financial statements to assess the overall impact of the legal proceedings on the group’s performance.
