August 8, 2025
NCB Financial Group Limited (NCBFG)
Unaudited financials for the nine months ended June 30, 2025:
NCB Financial Group Limited (NCBFG) for the nine months ended June 30, 2025, reported a 5% increase in interest income totaling $93.63 billion compared to $88.92 billion in the corresponding period last year. Interest Income for the third quarter had a 4% increase to close at $31.15 billion compared to $30.02 billion for the comparable quarter of 2024.
Interest Expense amounted to $34.78 billion (2024: $34.51 billion), this represents an increase of 1% year over year. Consequently, net interest income increased by 8% to $58.85 billion compared to $54.40 billion for the nine months ended June 30, 2024. The company booked net interest income of $19.85 billion for the third quarter versus $18.00 billion reported for the similar quarter of 2024.
Net fee and commission income decreased marginally to $23.20 billion (2024: $23.26 billion). Consequently, Net Result from Banking and Investment Activities increased by 22% from $92.41 billion in 2024 to $112.49 billion in the period under review.
Insurance service result increased by 8% to $15.31 billion, compared to $14.18 billion in 2024, while net insurance finance expenses increased by 12% from $15.66 billion to $17.56 billion in the period.
Net operating income for the nine months ended June 30, 2025, amounted to $110.24 billion, a 21% increase relative to $90.92 billion reported in 2024. Net operating income for the third quarter amounted to $32.98 billion (2024: $28.94 billion).
Total operating expenses totalled $74.27 billion an 8% increase from the corresponding period last year. (2024: $69.07 billion).
Operating Profit for the nine months ended June 30, 2025, amounted to $35.97 billion, a 65% increase relative to $21.86 billion reported in 2024. Operating Profit for the third quarter amounted to $10.52 billion (2024: $7.79 billion).
NCBFG highlighted, “This growth was driven by a $15.1 billion gain from the disposal of a subsidiary and improved net income across six of seven operating segments. Despite an 8% increase in operating expenses, the cost to income ratio improved significantly to 63.43%, down from 71.49% the prior year. Excluding non-recurring items, the adjusted ratio stood at 69.33%, reflecting enhanced operational efficiency.”
Profit before Taxation for the nine months ended June 30, 2025, had a 64% increase to reach $36.54 billion (2024: $22.23 billion).
Taxation for the nine months amounted to $6.09 billion, a 47% increase from the $4.14 billion reported in 2024. As such, Net Profit increased by 68% to $30.45 billion (2024: $18.09 billion). Net Profit for the quarter totalled $8.26 billion relative to the $7.40 billion booked in the prior year’s quarter.
Net Profit Attributable to Shareholders for the period totalled $18.96 billion, relative to the $11.82 billion reported twelve months prior. For the quarter, Net Profit Attributable to Shareholders amounted to $5.62 billion compared to the $5.02 billion reported in 2024.
Consequently, Earnings Per Share for the nine months amounted to $7.34 (2024: EPS: $4.58), while Earnings Per Share for the quarter totaled $2.18 (2024: EPS: $1.94). The twelve-month trailing EPS was $7.92, and the number of shares used in these calculations was 2,584,334,847.
Notably, NCBFG’s stock price closed the trading period on August 07, 2025, at a price of $28.58 with a corresponding P/E ratio of 3.61x.
Balance Sheet Highlights
The company’s assets totalled $2,387.62 billion (2024: $2,263.22 billion). The growth in total assets was primarily driven by a $126.44 billion increase in Investment Securities to close the period at $979.53 billion (2024: $853.08 billion).
Shareholder’s equity was $189.75 billion (2024: $162.94 billion), representing a book value per share of $73.42 (2024: $63.05).
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