Zambia National Commercial Bank Plc (LUSE:ZNCO)

LUSE:ZNCO Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	6,330	5,905	4,728	3,877	3,537
Interest Paid on Deposits	1,912	2,105	1,254	924.15	998.59
Net Interest Income	4,417	3,800	3,474	2,953	2,539
Net Interest Income Growth (YoY)	16.26%	9.36%	17.67%	16.31%	75.12%
Gain (Loss) on Sale of Assets	0.38	0	0.06	0.61	3.24
Gain (Loss) on Sale of Investments	364.52	440.32	595.17	108.92	2.74
Other Non-Interest Income	1,365	1,248	1,143	873.6	966.99
Total Non-Interest Income	1,730	1,689	1,738	983.12	972.97
Non-Interest Income Growth (YoY)	2.46%	-2.86%	76.81%	1.04%	26.13%
Revenues Before Loan Losses	6,147	5,488	5,213	3,936	3,512
Provision for Loan Losses	-23.21	193.2	21.75	186.15	-62.15
Revenue	6,171	5,295	5,191	3,750	3,574
Revenue Growth (YoY)	16.54%	2.00%	38.44%	4.92%	77.79%
Salaries and Employee Benefits	1,653	1,332	1,200	881.43	-
Selling, General & Administrative	1,541	1,312	1,236	984.11	96.07
Other Non-Interest Expense	41.9	77.05	44.69	59	1,890
Total Non-Interest Expense	3,236	2,721	2,481	1,925	1,986
EBT Excluding Unusual Items	2,935	2,574	2,710	1,825	1,588
Asset Writedown	-1.83	-	-4.69	-92.75	-
Pretax Income	2,933	2,574	2,706	1,732	1,588
Income Tax Expense	934.05	780.27	967.33	565.38	597.85
Net Income	1,999	1,793	1,738	1,167	990.28
Net Income to Common	1,999	1,793	1,738	1,167	990.28
Net Income Growth	11.45%	3.16%	48.96%	17.84%	379.19%
Basic Shares Outstanding	1,444	1,444	1,444	1,444	1,444
Diluted Shares Outstanding	1,444	1,444	1,444	1,444	1,444
EPS (Basic)	1.38	1.24	1.20	0.81	0.69
EPS (Diluted)	1.38	1.24	1.20	0.81	0.69
EPS Growth	11.45%	3.16%	48.96%	17.84%	379.19%
Dividend Per Share	-	0.438	0.429	0.292	0.252
Dividend Growth	-	2.10%	46.92%	15.87%	342.11%
Effective Tax Rate	31.85%	30.32%	35.75%	32.64%	37.65%

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