National Bank of Malawi Income Statement

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

Millions MWK. 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	348,957	236,516	158,129	111,984	79,476
Interest Income on Investments	-	426	323	202	175
Total Interest Income	348,957	236,942	158,452	112,186	79,651
Interest Paid on Deposits	54,894	36,851	26,683	13,111	7,778
Net Interest Income	294,063	200,091	131,769	99,075	71,873
Net Interest Income Growth (YoY)	46.97%	51.85%	33.00%	37.85%	43.83%
Gain (Loss) on Sale of Assets	-	64	207	1	41
Gain (Loss) on Sale of Equity Investments	-	-	-26	-1,042	313
Other Non-Interest Income	214,547	113,739	83,679	45,978	41,583
Total Non-Interest Income	214,547	113,803	83,860	44,937	41,937
Non-Interest Income Growth (YoY)	88.52%	35.71%	86.62%	7.15%	46.29%
Revenues Before Loan Losses	508,610	313,894	215,629	144,012	113,810
Provision for Loan Losses	21,388	12,663	7,245	3,995	2,499
Revenue	487,222	301,231	208,384	140,017	111,311
Revenue Growth (YoY)	61.74%	44.56%	48.83%	25.79%	46.09%
Salaries and Employee Benefits	-	53,692	42,303	34,059	30,026
Occupancy Expenses	-	7,938	5,735	4,502	-
Other Non-Interest Expense	167,590	72,798	40,340	32,182	30,997
Total Non-Interest Expense	167,590	134,428	88,378	70,743	61,023
EBT Excluding Unusual Items	319,632	166,803	120,006	69,274	50,288
Asset Writedown	-	344	123	89	22
Other Unusual Items	-	-	-	-	278
Pretax Income	319,632	167,147	120,129	69,363	50,588
Income Tax Expense	121,663	65,437	48,170	23,419	16,378
Earnings From Continuing Operations	197,969	101,710	71,959	45,944	34,210
Minority Interest in Earnings	-3,413	573	286	1,530	718
Net Income	194,556	102,283	72,245	47,474	34,928
Net Income to Common	194,556	102,283	72,245	47,474	34,928
Net Income Growth	90.21%	41.58%	52.18%	35.92%	55.89%
Basic Shares Outstanding	467	467	467	467	467
Diluted Shares Outstanding	467	467	467	467	467
EPS (Basic)	416.61	219.02	154.70	101.66	74.79
EPS (Diluted)	416.61	219.02	154.70	101.66	74.79
EPS Growth	90.21%	41.58%	52.18%	35.92%	55.88%
Dividend Per Share	197.920	126.350	102.860	70.670	49.260
Dividend Growth	56.64%	22.84%	45.55%	43.46%	76.94%
Effective Tax Rate	38.06%	39.15%	40.10%	33.76%	32.38%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.