NPF Microfinance 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	17,410	11,474	9,354	6,320	5,173
Interest Paid on Deposits	1,644	1,101	963.22	768.02	655.7
Net Interest Income	15,766	10,373	8,390	5,552	4,517
Net Interest Income Growth (YoY)	51.98%	23.63%	51.13%	22.91%	22.84%
Gain (Loss) on Sale of Assets	5.23	9.01	8.46	0.77	2.12
Gain (Loss) on Sale of Investments	-	-	-	-	-0.05
Other Non-Interest Income	1,822	1,465	938.1	832.93	595.3
Total Non-Interest Income	1,827	1,474	946.56	833.69	597.37
Non-Interest Income Growth (YoY)	23.92%	55.74%	13.54%	39.56%	4.69%
Revenues Before Loan Losses	17,592	11,848	9,337	6,385	5,114
Provision for Loan Losses	43.41	63.3	864.06	143.26	34.97
Revenue	17,549	11,784	8,473	6,242	5,079
Revenue Growth (YoY)	48.92%	39.08%	35.74%	22.89%	23.13%
Salaries and Employee Benefits	5,772	4,567	3,356	2,566	2,175
Occupancy Expenses	584.54	466.67	380.48	266.71	254.36
Amortization of Goodwill & Intangibles	53.74	1.04	18.14	26.05	28.83
Selling, General & Administrative	1,423	909.19	556.55	450.61	1,586
Other Non-Interest Expense	4,021	3,403	2,548	1,609	4.38
Total Non-Interest Expense	11,854	9,347	6,859	4,918	4,049
EBT Excluding Unusual Items	5,695	2,437	1,614	1,324	1,031
Other Unusual Items	-0.52	-	-	-	-
Pretax Income	5,695	2,437	1,614	1,324	1,031
Income Tax Expense	1,665	863.26	594.95	442	323.08
Net Income	4,030	1,574	1,019	882.17	707.49
Net Income to Common	4,030	1,574	1,019	882.17	707.49
Net Income Growth	155.97%	54.42%	15.56%	24.69%	15.15%
Basic Shares Outstanding	6,014	5,993	5,993	5,993	2,541
Diluted Shares Outstanding	6,014	5,993	5,993	5,993	2,541
Shares Change (YoY)	0.36%	-	-	135.88%	-
EPS (Basic)	0.67	0.26	0.17	0.15	0.28
EPS (Diluted)	0.67	0.26	0.17	0.15	0.28
EPS Growth	155.06%	54.42%	15.56%	-47.14%	15.15%
Dividend Per Share	-	0.150	0.120	0.100	0.090
Dividend Growth	-	25.00%	20.00%	11.11%	-50.00%
Effective Tax Rate	29.24%	35.42%	36.85%	33.38%	31.35%

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