Livingtrust Mortgage Bank Income Statement

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

Millions NGN. 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	4,491	3,379	2,397	1,937	1,269
Interest Paid on Deposits	3,724	1,463	854.06	495.27	231.82
Net Interest Income	766.94	1,916	1,543	1,442	1,038
Net Interest Income Growth (YoY)	-59.97%	24.18%	6.99%	39.00%	222.86%
Gain (Loss) on Sale of Assets	-	-	-	-	0.12
Other Non-Interest Income	2,032	378.92	494.65	601.44	358.26
Total Non-Interest Income	2,032	378.92	494.65	601.44	358.37
Non-Interest Income Growth (YoY)	436.14%	-23.40%	-17.76%	67.83%	29.85%
Revenues Before Loan Losses	2,798	2,295	2,038	2,044	1,396
Provision for Loan Losses	2.72	-129.14	220.76	94.11	-53.67
Revenue	2,796	2,424	1,817	1,950	1,450
Revenue Growth (YoY)	15.33%	33.42%	-6.81%	34.48%	159.89%
Salaries and Employee Benefits	594.38	508.14	523.6	424.17	310.47
Occupancy Expenses	98.21	91.2	86.21	71.91	50.47
Amortization of Goodwill & Intangibles	27.55	23.21	16.21	11.72	10.16
Selling, General & Administrative	8.59	52.26	28.47	28.59	17
Other Non-Interest Expense	976.75	768.04	496.68	407.4	293.33
Total Non-Interest Expense	1,705	1,443	1,151	943.79	681.43
EBT Excluding Unusual Items	1,090	981.2	665.66	1,006	768.21
Pretax Income	1,090	981.2	665.66	1,006	768.21
Income Tax Expense	78.78	192.06	97.39	184.06	261.25
Net Income	1,011	789.14	568.27	821.68	506.96
Net Income to Common	1,011	789.14	568.27	821.68	506.96
Net Income Growth	28.17%	38.87%	-30.84%	62.08%	283.02%
Basic Shares Outstanding	5,000	5,000	5,000	5,000	5,000
Diluted Shares Outstanding	5,000	5,000	5,000	5,000	5,000
Shares Change (YoY)	-0.00%	-	-	-	-
EPS (Basic)	0.20	0.16	0.11	0.16	0.10
EPS (Diluted)	0.20	0.16	0.11	0.16	0.10
EPS Growth	28.18%	38.87%	-30.84%	62.08%	283.03%
Dividend Per Share	-	0.080	0.030	0.012	0.060
Dividend Growth	-	166.67%	150.00%	-80.00%	500.00%
Effective Tax Rate	7.23%	19.57%	14.63%	18.30%	34.01%

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