November 14, 2025
NCB Financial Group Limited (NCBFG)
Unaudited financials for the year ended September 30, 2025:
NCB Financial Group Limited (NCBFG) for the year ended September 30, 2025, reported a 4% increase in interest income totaling $124.89 billion compared to $119.97 billion in the corresponding period last year. Interest Income for the fourth quarter had a 1% increase to close at $31.26 billion compared to $31.08 billion for the comparable quarter of 2024.
Interest Expense amounted to $46.63 billion (2024: $47.05 billion), this represents a decrease of 1% year over year. Consequently, net interest income increased by 7% to $78.27 billion compared to $72.92 billion for the year ended September 30, 2024. The company booked net interest income of $19.42 billion for the fourth quarter versus $18.52 billion reported for the similar quarter of 2024.
Net fee and commission income increased marginally to close at $30.76 billion (2024: $30.67 billion). Consequently, Net Result from Banking and Investment Activities increase by 18% from $121.04 billion in 2024 to $142.97 billion in the period under review.
Net income from insurance activities for the year ended September 30, 2025, amounted to $1.32 billion, relative to net expense of $1.03 billion reported in 2024.
As a result, Net operating income for the year ended September 30, 2025, amounted to $144.29 billion, a 20% increase relative to $120.01 billion reported in 2024. Net operating income for the fourth quarter amounted to $34.05 billion (2024: $25.83 billion).
Total operating expenses totalled $99.38 billion a 5% increase from the corresponding period last year. (2024: $94.69 billion).
Operating Profit for the year ended September 30, 2025, amounted to $44.91 billion, a 77% increase relative to $25.33 billion reported in 2024. Operating Profit for the fourth quarter amounted to $8.93 billion (2024: $210.62 million).
Profit before Taxation for the year ended September 30, 2025, had a 76% increase to reach $45.51 billion (2024: $25.81 billion).
Taxation for the year amounted to $8.59 billion, a 103% increase from the $4.24 billion reported in 2024. As such, Net Profit increased by 71% to $36.91 billion (2024: $21.57 billion). Net Profit for the quarter totalled $6.46 billion relative to the $485.10 million booked in the prior year’s quarter.
Net Profit Attributable to Shareholders for the period totalled $23.13 billion, relative to the $13.34 billion reported twelve prior. For the quarter, Net Profit Attributable to Shareholders amounted to $4.17 billion compared to the $330.18 million loss reported in 2024.
Consequently, Earnings Per Share for the year amounted to $8.95 (2024: EPS: $5.16), while Earnings Per Share for the quarter totaled $1.61 (2024: LPS: $0.13). The twelve-month trailing EPS was $8.95, and the number of shares used in these calculations was 2,584,467,347.
Notably, NCBFG’s stock price closed the trading period on November 14, 2025, at a price of $39.15 with a corresponding P/E ratio of 4.37x.
Balance Sheet Highlights
The company’s assets totalled $2.41 trillion (2024: $2.32 trillion). The growth in total assets was primarily due to a 10% or $95.95 billion increase in Investment Securities to close the period at $1.01 trillion (2024: $916.90 billion).
Shareholder’s equity was $199.08 billion (2024: $172.29 billion), representing a book value per share of $77.03 (2024: $66.67).
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