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Financial statements

Our consolidated financial statements are audited each year by an independent firm of Chartered Professional Accountants and approved by the board.

Consolidated statement of operations, years ended 31 December (CA$ thousands)
202520242023
Revenue from clients37,06033,41028,870
Grants for training1,5401,6101,390
Total revenue38,60035,02030,260
Labellers’ pay, benefits and statutory contributions23,51021,48018,520
Centres and facilities5,3905,1204,410
Training and wellbeing2,7002,2801,840
Technology2,3102,0901,770
Administration and governance3,0902,8602,610
Total expenses37,00033,83029,150
Surplus for the year1,6001,1901,110
  1. Summary prepared from the audited consolidated financial statements of Rungwell Inc. and its subsidiaries, Rungwell Kenya Limited and Rungwell Philippines, Inc. Amounts in Kenya shillings and Philippine pesos are translated at average rates for the year.
  2. The full statements, with the auditor’s report and notes, are available from the Corporate Secretary at hello@rungwell.org.
  3. Surpluses are retained as reserves or reinvested in the centres, training and the wellbeing program, as the board decides. The board’s reserves policy is to hold between three and four months’ operating expenses.

Page last reviewed 16 June 2026