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	17,539	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	15,896	10,373	8,390	5,552	4,517
Net Interest Income Growth (YoY)	53.23%	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	17,722	11,848	9,337	6,385	5,114
Provision for Loan Losses	541.48	63.3	864.06	143.26	34.97
Revenue	17,181	11,784	8,473	6,242	5,079
Revenue Growth (YoY)	45.80%	39.08%	35.74%	22.89%	23.13%
Salaries and Employee Benefits	6,722	4,567	3,356	2,566	2,175
Occupancy Expenses	616.23	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	1,462	909.19	556.55	450.61	1,586
Other Non-Interest Expense	3,972	3,403	2,548	1,609	4.38
Total Non-Interest Expense	12,826	9,347	6,859	4,918	4,049
EBT Excluding Unusual Items	4,355	2,438	1,614	1,324	1,031
Other Unusual Items	-0.52	-0.16	-	-	-
Pretax Income	4,355	2,437	1,614	1,324	1,031
Income Tax Expense	1,449	863.26	594.95	442	323.08
Net Income	2,906	1,574	1,019	882.17	707.49
Net Income to Common	2,906	1,574	1,019	882.17	707.49
Net Income Growth	84.57%	54.42%	15.56%	24.69%	15.15%
Basic Shares Outstanding	5,993	5,993	5,993	5,993	2,541
Diluted Shares Outstanding	5,993	5,993	5,993	5,993	2,541
Shares Change (YoY)	-	-	-	135.88%	-
EPS (Basic)	0.48	0.26	0.17	0.15	0.28
EPS (Diluted)	0.48	0.26	0.17	0.15	0.28
EPS Growth	84.57%	54.42%	15.56%	-47.14%	15.15%
Dividend Per Share	0.200	0.150	0.120	0.100	0.090
Dividend Growth	33.33%	25.00%	20.00%	11.11%	-50.00%
Effective Tax Rate	33.28%	35.42%	36.85%	33.38%	31.35%

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