Nedbank Group Income Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	125,739	125,015	116,915	82,104	65,772	72,300
Interest Paid on Deposits	83,536	83,209	75,445	45,827	33,272	42,219
Net Interest Income	42,203	41,806	41,470	36,277	32,500	30,081
Net Interest Income Growth (YoY)	0.58%	0.81%	14.31%	11.62%	8.04%	-0.29%
Income From Trading Activities	4,762	4,620	4,299	4,166	4,475	5,252
Gain (Loss) on Sale of Assets	-1,028	-13	-59	316	130	-89
Gain (Loss) on Sale of Investments	-31	-27	-	-	-	-750
Gain (Loss) on Sale of Equity Investments	2,561	2,006	2,213	1,694	1,436	-1,114
Other Non-Interest Income	25,715	25,092	22,639	21,210	19,604	19,926
Total Non-Interest Income	31,979	31,678	29,092	27,386	25,645	23,225
Non-Interest Income Growth (YoY)	7.01%	8.89%	6.23%	6.79%	10.42%	-10.60%
Revenues Before Loan Losses	74,182	73,484	70,562	63,663	58,145	53,306
Provision for Loan Losses	7,153	7,997	9,605	7,381	6,534	13,127
Revenue	67,029	65,487	60,957	56,282	51,611	40,179
Revenue Growth (YoY)	6.58%	7.43%	8.31%	9.05%	28.45%	-19.67%
Selling, General & Administrative	1,923	1,923	1,808	1,727	1,542	1,313
Other Non-Interest Expense	41,376	39,488	36,366	32,938	32,558	31,542
Total Non-Interest Expense	44,046	42,158	39,188	36,431	34,712	33,125
EBT Excluding Unusual Items	22,983	23,329	21,769	19,851	16,899	7,054
Asset Writedown	-202	-147	-39	-91	-163	-378
Other Unusual Items	36	36	-	-	-	-
Pretax Income	22,817	23,218	21,432	19,760	16,430	6,331
Income Tax Expense	4,878	4,746	4,432	4,330	4,043	1,877
Earnings From Continuing Operations	17,939	18,472	17,000	15,430	12,387	4,454
Minority Interest in Earnings	-1,688	-1,638	-1,695	-1,143	-1,149	-987
Net Income	16,251	16,834	15,305	14,287	11,238	3,467
Net Income to Common	16,251	16,834	15,305	14,287	11,238	3,467
Net Income Growth	2.22%	9.99%	7.12%	27.13%	224.14%	-71.11%
Basic Shares Outstanding	467	466	473	487	485	483
Diluted Shares Outstanding	477	479	489	501	495	489
Shares Change (YoY)	-0.75%	-2.17%	-2.28%	1.18%	1.25%	0.26%
EPS (Basic)	34.80	36.10	32.39	29.34	23.17	7.17
EPS (Diluted)	34.05	35.17	31.28	28.54	22.71	7.09
EPS Growth	3.00%	12.44%	9.60%	25.67%	220.31%	-71.20%
Dividend Per Share	21.320	20.750	18.930	16.490	11.910	-
Dividend Growth	6.97%	9.61%	14.80%	38.45%	-	-
Effective Tax Rate	21.38%	20.44%	20.68%	21.91%	24.61%	29.65%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.