Maendeleo Bank Income Statement

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

Millions TZS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	26,380	25,026	20,061	15,977	15,809	12,844
Interest Paid on Deposits	11,677	10,817	7,942	6,424	5,898	5,306
Net Interest Income	14,703	14,209	12,119	9,552	9,911	7,538
Net Interest Income Growth (YoY)	20.34%	17.24%	26.87%	-3.62%	31.48%	15.97%
Other Non-Interest Income	3,743	3,260	2,939	2,994	2,119	1,570
Total Non-Interest Income	3,743	3,260	2,939	2,994	2,119	1,570
Non-Interest Income Growth (YoY)	35.89%	10.91%	-1.81%	41.27%	34.94%	16.95%
Revenues Before Loan Losses	18,446	17,469	15,059	12,546	12,030	9,108
Provision for Loan Losses	1,459	1,389	1,125	1,506	3,104	1,780
Revenue	16,987	16,080	13,934	11,040	8,927	7,328
Revenue Growth (YoY)	19.68%	15.40%	26.21%	23.67%	21.81%	5.32%
Salaries and Employee Benefits	5,788	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	6,689	6,470	-6.34	-84.75	-21.77	-43.02
Total Non-Interest Expense	12,477	11,935	10,075	8,415	6,943	6,622
EBT Excluding Unusual Items	4,510	4,145	3,859	2,625	1,984	706.15
Pretax Income	4,510	4,145	3,859	2,625	1,984	706.15
Income Tax Expense	274	300	172.21	277.64	568.58	118.71
Net Income	4,236	3,845	3,687	2,348	1,416	587.44
Net Income to Common	4,236	3,845	3,687	2,348	1,416	587.44
Net Income Growth	11.65%	4.29%	57.04%	65.85%	140.97%	-18.15%
Basic Shares Outstanding	31	30	26	26	26	26
Diluted Shares Outstanding	31	30	26	26	26	26
Shares Change (YoY)	16.17%	13.53%	-	0.00%	0.03%	6.52%
EPS (Basic)	138.88	129.00	140.43	89.42	53.92	22.38
EPS (Diluted)	138.88	129.00	140.43	89.42	53.92	22.38
EPS Growth	-3.89%	-8.14%	57.04%	65.85%	140.89%	-23.16%
Dividend Per Share	-	-	-	-	-	11.000
Effective Tax Rate	6.08%	7.24%	4.46%	10.57%	28.66%	16.81%

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