NREF Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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 and Dividend Income	122.97	109.36	74.52	68.55	77.99	55.83
Total Interest Expense	39.55	42.77	44.37	51.56	40.26	29.77
Net Interest Income	83.42	66.59	30.15	16.99	37.73	26.06
Gain (Loss) on Sale of Investments	84.33	119.13	35.87	25.3	-8.9	70.97
Other Revenue	7.76	6.89	6.35	4.1	11.72	0.53
Revenue Before Loan Losses	179.15	196.26	72.37	46.39	40.55	97.56
Provision for Loan Losses	27.85	38.97	-0.72	4.3	0.17	0.19
Revenue	151.3	157.29	73.09	42.09	40.38	97.37
Revenue Growth	24.45%	115.19%	73.65%	4.24%	-58.53%	124.26%
Salaries & Employee Benefits	6.17	5.99	6.07	4.41	3.29	2.02
Cost of Services Provided	15.81	14.81	12.19	12.26	11.5	11.82
Other Operating Expenses	14.18	12.89	18.38	6.68	11.4	0.05
Total Operating Expenses	36.17	33.69	36.64	23.35	26.18	13.9
Operating Income	115.13	123.6	36.45	18.74	14.2	83.47
EBT Excluding Unusual Items	115.13	123.6	36.45	18.74	14.2	83.47
Other Unusual Items	-0.29	-0.46	-0.49	-	0.02	-
Pretax Income	114.84	123.14	35.96	18.74	14.21	83.47
Earnings From Continuing Ops.	114.84	123.14	35.96	18.74	14.21	83.47
Minority Interest in Earnings	-14.06	-18.05	-6.77	-4.77	-7.47	-40.39
Net Income	100.78	105.1	29.19	13.98	6.75	43.09
Preferred Dividends & Other Adjustments	38.43	29.42	11.5	3.58	3.51	3.51
Net Income to Common	62.35	75.68	17.69	10.4	3.23	39.58
Net Income Growth	16.99%	327.72%	70.14%	221.55%	-91.83%	256.58%
Shares Outstanding (Basic)	18	18	17	17	15	7
Shares Outstanding (Diluted)	50	42	17	17	15	20
Shares Change	81.12%	141.41%	1.18%	17.11%	-27.89%	9.21%
EPS (Basic)	3.42	4.28	1.02	0.60	0.22	6.00
EPS (Diluted)	2.24	2.85	1.02	0.60	0.22	3.93
EPS Growth	-13.41%	180.12%	69.45%	172.73%	-94.40%	125.83%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Dividend Per Share	2.000	2.000	2.000	2.000	2.000	1.900
Dividend Growth	0%	0%	0%	0%	5.26%	33.82%
Operating Margin	76.09%	78.58%	49.87%	44.52%	35.16%	85.73%
Profit Margin	41.21%	48.11%	24.21%	24.71%	8.01%	40.65%

SEC Filings: 10-K · 10-Q