National Bank of Malawi plc (MAL:NBM)

National Bank of Malawi Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	281,201	236,516	158,129	111,984	79,476	55,253
Interest Income on Investments	426	426	323	202	175	33
Total Interest Income	281,627	236,942	158,452	112,186	79,651	55,286
Interest Paid on Deposits	41,265	36,851	26,683	13,111	7,778	5,314
Net Interest Income	240,362	200,091	131,769	99,075	71,873	49,972
Net Interest Income Growth (YoY)	50.47%	51.85%	33.00%	37.85%	43.83%	8.86%
Income From Trading Activities	-	-	-	-	-	343
Gain (Loss) on Sale of Assets	64	64	207	1	41	20
Gain (Loss) on Sale of Equity Investments	-	-	-26	-1,042	313	-85
Other Non-Interest Income	141,232	113,739	83,679	45,978	41,583	28,388
Total Non-Interest Income	141,296	113,803	83,860	44,937	41,937	28,666
Non-Interest Income Growth (YoY)	42.79%	35.71%	86.62%	7.15%	46.29%	17.11%
Revenues Before Loan Losses	381,658	313,894	215,629	144,012	113,810	78,638
Provision for Loan Losses	16,962	12,663	7,245	3,995	2,499	2,444
Revenue	364,696	301,231	208,384	140,017	111,311	76,194
Revenue Growth (YoY)	48.98%	44.56%	48.83%	25.79%	46.09%	15.50%
Salaries and Employee Benefits	53,692	53,692	42,303	34,059	30,026	20,711
Occupancy Expenses	7,938	7,938	5,735	4,502	-	-
Other Non-Interest Expense	77,667	72,798	40,340	32,182	30,997	22,584
Total Non-Interest Expense	139,297	134,428	88,378	70,743	61,023	43,295
EBT Excluding Unusual Items	225,399	166,803	120,006	69,274	50,288	32,899
Asset Writedown	344	344	123	89	22	-91
Other Unusual Items	-	-	-	-	278	-
Pretax Income	225,743	167,147	120,129	69,363	50,588	32,808
Income Tax Expense	81,998	65,437	48,170	23,419	16,378	10,359
Earnings From Continuing Operations	143,745	101,710	71,959	45,944	34,210	22,449
Minority Interest in Earnings	-2,115	573	286	1,530	718	-43
Net Income	141,630	102,283	72,245	47,474	34,928	22,406
Net Income to Common	141,630	102,283	72,245	47,474	34,928	22,406
Net Income Growth	77.40%	41.58%	52.18%	35.92%	55.89%	30.98%
Basic Shares Outstanding	467	467	467	467	467	467
Diluted Shares Outstanding	467	467	467	467	467	467
EPS (Basic)	303.28	219.02	154.70	101.66	74.79	47.98
EPS (Diluted)	303.28	219.02	154.70	101.66	74.79	47.98
EPS Growth	77.40%	41.58%	52.18%	35.92%	55.88%	30.98%
Dividend Per Share	134.150	126.350	102.860	70.670	49.260	27.840
Dividend Growth	25.21%	22.84%	45.55%	43.46%	76.94%	56.58%
Effective Tax Rate	36.32%	39.15%	40.10%	33.76%	32.38%	31.57%

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