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Press Release

LeapFrog companies reach 622M people, generate $9B in revenue and $1.5B in profit

London, UK: LeapFrog Investments, the pioneering profit-with-purpose investment firm, today releases its 2025-26 Impact and Investment Results, demonstrating the continued commercial and social outperformance of its portfolio across Africa, South Asia, and Southeast Asia.

The results confirm that LeapFrog’s strategy of backing essential services for emerging consumers continues to deliver. Portfolio companies now generate over $9 billion in combined revenue and $1.5 billion in profit, sustaining 22% average annual growth across the life of the firm.

LeapFrog’s portfolio of almost 50 companies now reaches 622 million people with essential healthcare, financial services, and clean energy. 460 million are emerging consumers. Portfolio companies finance or protect 33 million MSMEs, supporting more than 81 million jobs.

In 2025, landmark exits included the full sale of Goodlife Pharmacy to CFAO, the healthcare arm of Toyota Tsusho. LeapFrog built Goodlife from a challenger brand into East Africa’s largest private pharmacy chain. LeapFrog also completed a partial exit of Fincare via its merger with AU Bank, one of India’s leading financial institutions.

LeapFrog published two landmark reports in 2025: The Transition Ledger, making the case for why the global energy transition cannot be delivered without emerging markets, and The Blueprint for Jobs and Inclusive Growth, setting out for the first time the methodology behind the portfolio’s contribution to employment.

The firm retained its place on BlueMark’s Leaderboard of top impact managers, receiving an “advanced” rating across all Operating Principles for Impact Management for the third consecutive verification.

Dr Andy Kuper, Founder and CEO of LeapFrog Investments, said: “For almost two decades, LeapFrog has focused on the under-appreciated fundamentals. Billions of people rising in global growth markets. We have backed and built technology-enabled companies to serve them – at unprecedented scale. Our results prove that purpose drives profit.”

LeapFrog is the pioneer of Profit with Purpose investing. Founded in 2007, its team has backed and built high-growth companies delivering healthcare, financial services and climate solutions that operate across 37 countries. Today, LeapFrog companies reach 622 million people with essential services and grow on average at 22% a year. They also finance or protect 33 million emerging enterprises and support 81 million jobs.

Through its private equity funds, LeapFrog has raised billions of dollars from institutional investors worldwide and co-created industry champions across global growth markets. The firm has played a foundational role in what is now the $1.6 trillion impact investing industry, collaboratively creating global organisations and standards. LeapFrog was ranked, alongside Apple and Novartis, by Fortune as one of the top five Companies to Change the World.

Montfort Communications

LeapFrog@Montfort.London