Maendeleo Bank Income Statement

Financials in millions TZS. Fiscal year is January - December.

Millions TZS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	25,026	20,061	15,977	15,809	12,844
Interest Paid on Deposits	10,817	7,942	6,424	5,898	5,306
Net Interest Income	14,209	12,119	9,552	9,911	7,538
Net Interest Income Growth (YoY)	17.24%	26.87%	-3.62%	31.48%	15.97%
Other Non-Interest Income	3,260	2,939	2,994	2,119	1,570
Total Non-Interest Income	3,260	2,939	2,994	2,119	1,570
Non-Interest Income Growth (YoY)	10.91%	-1.81%	41.27%	34.94%	16.95%
Revenues Before Loan Losses	17,469	15,059	12,546	12,030	9,108
Provision for Loan Losses	1,389	1,125	1,506	3,104	1,780
Revenue	16,080	13,934	11,040	8,927	7,328
Revenue Growth (YoY)	15.40%	26.21%	23.67%	21.81%	5.32%
Salaries and Employee Benefits	5,465	4,742	3,813	3,191	2,859
Occupancy Expenses	-	797.02	811.23	760.09	757.87
Selling, General & Administrative	-	4,543	3,875	3,013	3,049
Other Non-Interest Expense	6,470	-6.34	-84.75	-21.77	-43.02
Total Non-Interest Expense	11,935	10,075	8,415	6,943	6,622
EBT Excluding Unusual Items	4,145	3,859	2,625	1,984	706.15
Pretax Income	4,145	3,859	2,625	1,984	706.15
Income Tax Expense	300	172.21	277.64	568.58	118.71
Net Income	3,845	3,687	2,348	1,416	587.44
Net Income to Common	3,845	3,687	2,348	1,416	587.44
Net Income Growth	4.29%	57.04%	65.85%	140.97%	-18.15%
Basic Shares Outstanding	30	26	26	26	26
Diluted Shares Outstanding	30	26	26	26	26
Shares Change (YoY)	13.53%	-	0.00%	0.03%	6.52%
EPS (Basic)	129.00	140.43	89.42	53.92	22.38
EPS (Diluted)	129.00	140.43	89.42	53.92	22.38
EPS Growth	-8.14%	57.04%	65.85%	140.89%	-23.16%
Effective Tax Rate	7.24%	4.46%	10.57%	28.66%	16.81%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.