National Bank of Malawi plc (MAL:NBM)

National Bank of Malawi Ratios and Metrics

Market cap in millions MWK. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	5,120,696	5,601,140	1,616,597	981,140	720,032	378,271
Market Cap Growth	76.88%	246.48%	64.77%	36.26%	90.35%	24.63%
Last Close Price	10966.69	11942.23	3379.38	1969.04	1387.66	689.55
PE Ratio	26.32	28.79	15.81	13.58	15.17	10.83
PS Ratio	10.51	11.50	5.37	4.71	5.14	3.40
PB Ratio	12.38	13.54	5.97	4.72	4.14	2.59
P/FCF Ratio	-	21.77	12.74	-	-	4.67
P/OCF Ratio	19.90	21.77	11.97	-	-	4.52
Debt / Equity Ratio	0.05	0.05	0.13	0.15	0.31	0.48
Debt / FCF Ratio	0.08	0.08	0.27	-	-	0.87
Net Debt / Equity Ratio	-1.92	-1.92	-1.15	-1.45	-1.36	-0.60
Net Debt / FCF Ratio	-3.09	-3.09	-2.45	10.35	6.94	-1.09
Return on Equity (ROE)	57.86%	57.86%	42.52%	37.71%	28.72%	25.91%
Return on Assets (ROA)	9.37%	9.37%	6.78%	6.14%	4.90%	4.97%
Earnings Yield	3.80%	3.47%	6.33%	7.36%	6.59%	9.23%
FCF Yield	-	4.59%	7.85%	-2.96%	-4.74%	21.40%
Dividend Yield	1.80%	1.66%	3.74%	5.22%	5.09%	7.14%
Payout Ratio	32.20%	32.20%	48.88%	49.79%	54.78%	44.43%
Total Shareholder Return	1.80%	1.66%	3.74%	5.22%	5.09%	7.14%

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