NREF Income Statement

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

Millions USD. 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
Net Interest Income	47.18	28.14	16.8	37.73	26.06
Net Interest Income Growth	67.67%	67.50%	-55.48%	44.82%	47.49%
Non-Interest Income	109.65	44.47	25.29	2.66	71.31
Non-Interest Income Growth	146.59%	75.81%	850.47%	-96.27%	176.92%
Revenues Before Loan Losses	156.83	72.6	42.09	40.39	97.37
Revenue	156.83	72.6	42.09	40.39	97.37
Revenue Growth (YoY)	116.01%	72.50%	4.20%	-58.51%	124.26%
Selling, General & Admin	12.65	12.81	9.2	7.24	6.37
Other Non-Interest Expenses	21.03	23.83	14.15	18.94	7.53
Total Non-Interest Expense	33.69	36.64	23.35	26.18	13.9
Pretax Income	123.14	35.96	18.74	14.21	83.47
Net Income	75.68	17.69	10.4	5.73	39.58
Minority Interest in Earnings	18.05	6.77	4.77	4.97	40.39
Net Income Attributable to Preferred Dividends	29.42	11.5	3.58	3.51	3.51
Net Income to Common	75.68	17.69	10.4	5.73	39.58
Net Income Growth	327.72%	70.14%	81.39%	-85.51%	256.58%
Shares Outstanding (Basic)	18	17	17	15	7
Shares Outstanding (Diluted)	42	17	17	22	20
Shares Change (YoY)	141.41%	1.18%	-23.47%	10.36%	9.21%
EPS (Basic)	4.28	1.02	0.60	0.22	6.00
EPS (Diluted)	2.85	1.02	0.60	0.22	3.93
EPS Growth	179.41%	70.00%	172.73%	-94.40%	125.86%
Shares Outstanding	18.57	17.46	17.23	17.08	9.16
Free Cash Flow	21.47	28.38	31.03	-118.87	19.51
Free Cash Flow Growth	-24.36%	-8.53%	-	-	-40.71%
Free Cash Flow Per Share	0.51	1.63	1.80	-5.29	0.96
Dividends Per Share	2.000	2.000	2.000	2.000	1.900
Dividend Growth	-	-	-	5.26%	33.82%
Profit Margin	104.48%	49.04%	49.59%	35.34%	85.90%
FCF Margin	18.21%	38.71%	82.11%	-295.51%	20.08%
EBITDA	3.05	14.92	3.84	10.47	6.57
EBITDA Margin	2.59%	20.34%	10.17%	26.03%	6.76%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

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