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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

FBC Holdings

FBC.ZW · Zimbabwe Stock Exchange · Consolidated statements

On this page
Company details
Legal name
FBC Holdings Limited
Listing
FBC.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW0009011926 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Net interest income

    USD 56.5 million

    56,497,916 USD units · p83

    +3.6% vs 2024

    Interest income less interest expense, as printed.

  • Total net income

    USD 145 million

    144,601,535 USD units · p83

    −34.1% vs 2024

    The bank's own total of its income lines before credit impairment and operating expenses, under its printed label. What it includes differs between banks; it is not revenue.

  • Profit / (loss) for the year

    USD 30.4 million

    30,373,184 USD units · p83

    +69.5% vs 2024

  • Total assets

    USD 837 million

    837,486,090 USD units · p82

    +20.1% vs 2024

  • Customer deposits

    USD 483 million

    482,728,515 USD units · p82

    +65.4% vs 2024

  • Total equity

    USD 157 million

    156,866,510 USD units · p82

    +19.5% vs 2024

Large amounts are rounded for reading (USD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD units unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, USD units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Interest income calculated using the effective interest method 86,743,135 77,064,085
Interest and related expense (30,245,219) (22,552,900)
Net interest related income 56,497,916 54,511,185
Fee and commission income 62,414,587 48,831,480
Fee and commission expense (3,386,244) (1,301,881)
Net fee and commission income 59,028,343 47,529,599
Revenue from property sales1 1,710,096 –2
Cost of property sales3 (691,666) –2
Net income from property sales4 1,018,430 –5
Insurance revenue 33,363,221 24,572,975
Insurance service expense (22,214,023) (22,461,684)
Net revenue/(expenses) from reinsurance contracts (6,997,989) (3,983,481)
Insurance service result 4,151,209 (1,872,190)
Revenue6 120,695,898 100,168,594
Net foreign currency dealing and trading income 10,872,575 83,324,217
Net gain from financial assets at fair value through profit or loss 1,020,121 36,735,237
Other operating income 12,012,941 (925,060)
Total other income7 23,905,637 119,134,394
Total net income 144,601,535 219,302,988
Impairment allowance (11,492,181) (3,491,017)
Other operating expenses (101,730,360) (176,395,191)
Monetary loss8 –9 (22,339,960)
Profit before income tax 31,378,994 17,076,820
Income tax (expense)/credit (1,005,810) 843,936
Profit for the year 30,373,184 17,920,756
Loss on property revaluation10 (438,534) (4,495,328)
Related tax11 197,404 913,076
Loss on financial assets at fair value through other comprehensive12 (366,353) (3,315,445)
Related tax11 103,010 954,244
Items that will not be reclassified to profit or loss (subtotal)13 (504,473) (5,943,453)
Foreign operations – foreign currency translation differences14 (271,213) 13,836,945
Items that may be subsequently reclassified to profit or loss (subtotal)15 (271,213) 13,836,945
Total other comprehensive (loss)/income, net income tax (775,686) 7,893,492
Total comprehensive income for the year 29,597,498 25,814,248
Non - controlling interest16 26,436 71,611
Equity holders of the parent17 29,566,041 25,760,021
Non - controlling interest18 31,457 54,227
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_8j5fdw8w49eg.net_income_property_sales.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_8j5fdw8w49eg.revenue_net_subtotal.
  3. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
Notes and alternative reported figures (15)
  1. “Revenue from property sales” is an issuer-specific line, not mapped to a shared definition: Note 22.
  2. “Cost of property sales” is an issuer-specific line, not mapped to a shared definition: Note 22.1.
  3. “Net income from property sales” is an issuer-specific line, not mapped to a shared definition: Revenue less cost of property sales.
  4. “Revenue” is an issuer-specific line, not mapped to a shared definition: The issuer's 'Revenue' subtotal: net interest related income, net fee and commission income, net income from property sales and the insurance service result.
  5. “Total other income” is an issuer-specific line, not mapped to a shared definition: Trading income, fair-value gains on FVTPL assets and other operating income.
  6. “Monetary loss” is an issuer-specific line, not mapped to a shared definition: Net monetary loss under IAS 29 (2024 only).
  7. “Loss on property revaluation” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified.
  8. “Related tax” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified.
  9. “Loss on financial assets at fair value through other comprehensive” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified.
  10. “Items that will not be reclassified to profit or loss (subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal.
  11. “Foreign operations – foreign currency translation differences” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified.
  12. “Items that may be subsequently reclassified to profit or loss (subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal.
  13. “Non - controlling interest” is an issuer-specific line, not mapped to a shared definition: Profit attributable to non-controlling interest.
  14. “Equity holders of the parent” is an issuer-specific line, not mapped to a shared definition: Attribution of total comprehensive income.
  15. “Non - controlling interest” is an issuer-specific line, not mapped to a shared definition: Attribution of total comprehensive income.

Balance sheet

Balance sheet, USD units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Balances with banks and cash 208,332,213 173,039,693
Financial assets at amortised cost 10,581,769 5,728,924
Loans and advances to customers 410,837,004 338,475,718
Trade and other receivables 206,765 7,097
Insurance contract assets 8,253,499 3,716,651
Reinsurance contract assets 5,379,563 4,417,702
Financial assets at fair value through profit or loss 46,355,316 44,992,489
Financial assets at fair value through other comprehensive income 6,006,234 6,611,728
Inventory 10,559,560 2,211,682
Prepayments and other assets 19,263,050 9,550,007
Current income tax asset 3,009,961 4,455,153
Deferred tax assets 3,558,044 4,250,192
Investment property 65,649,019 60,420,375
Intangible assets 384,362 422,163
Property and equipment 36,882,420 38,385,881
Right of use asset 2,227,311 803,376
Total assets 837,486,090 697,488,831
Deposits from customers 482,728,515 291,863,138
Deposits from other banks 4,485,114 43,314,721
Borrowings 99,016,715 108,740,225
Insurance contract liabilities 17,358,751 11,167,970
Reinsurance contract liabilities 1,477,095 –1
Trade and other payables 66,404,853 92,223,582
Current income tax liability 596,955 440,906
Deferred tax liability 6,759,044 17,542,715
Lease liability2 1,792,538 872,842
Total liabilities 680,619,580 566,166,099
Share capital and share premium3 2,435,558 2,435,558
Other reserves 44,423,799 44,758,806
Retained profits 109,809,663 83,941,074
Total equity, excluding non controlling interest 156,669,020 131,135,438
Non controlling interest in equity 197,490 187,294
Total equity 156,866,510 131,322,732
Total equity and liabilities 837,486,090 697,488,831
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (2)
  1. “Lease liability” is an issuer-specific line, not mapped to a shared definition: Note 26.3; unclassified (current and non-current together).
  2. “Share capital and share premium” is an issuer-specific line, not mapped to a shared definition: Note 18.3: one printed line for share capital and share premium.

Cash flow

Cash flow, USD units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Profit before income tax1 31,378,994 17,076,820
Monetary loss2 –3 22,339,960
Depreciation4 2,385,583 4,427,521
Amortisation charge5 91,142 7,855
Credit impairment losses6 11,492,181 3,491,017
Net unrealised exchange gains and losses7 (1,850,161) (25,694,354)
Fair value adjustment on investment property8 (4,977,376) 10,671,443
Fair value adjustment on financial assets at fair value through profit or loss9 (1,020,121) (36,735,237)
Profit on disposal of property and equipment10 388,129 41,453
Depreciation right of use asset11 469,624 147,271
Interest on lease liability12 196,229 90,922
Provisions**13 3,426,764 24,414,663
Bargain loss14 –3 701,599
Net cash generated before changes in operating assets and liabilities15 41,980,988 20,980,933
(Increase)/decrease in financial assets at amortised cost16 (4,853,987) 14,879,794
(Increase)/decrease in loans and advances17 (84,111,534) 170,291,185
(Increase)/decrease in trade and other receivables18 (178,985) 561,035
(Increase)/decrease in insurance contract assets19 (4,536,848) 2,376,106
(Increase)/decrease in reinsurance contract assets20 (979,598) 690,590
(Increase)/decrease in financial assets at fair value through profit or loss21 (236,435) 25,085,239
Decrease/(increase) in financial assets at fair value through other comprehensive income22 239,141 (9,645,904)
Increase in inventory23 (8,347,878) (1,322,469)
(Increase)/decrease in prepayments and other assets24 (9,959,996) 41,049,885
Decrease/(increase) in investment property25 4,732 (7,479,192)
Increase/(decrease) in deposits from customers26 191,113,705 (35,572,603)
Decrease in deposits from other banks27 (38,525,765) (14,007,328)
Increase/(decrease) in insurance contract liabilities28 6,551,407 (2,056,113)
Increase/(decrease) in reinsurance contract liabilities29 1,491,876 (1,558,268)
Decrease in trade and other payables30 (28,474,309) (73,295,577)
Cash generated from operations (subtotal) 61,176,514 130,977,313
Income tax paid (9,287,165) (11,852,911)
Interest on lease liability paid (196,229) (90,922)
Net cash generated from operating activities 51,693,120 119,033,480
Purchase of Subsidiary31 –32 18,890,994
Purchases of intangible assets (53,341) (53,079)
Purchase of property and equipment (1,736,930) (2,301,470)
Proceeds from sale of property and equipment 72,234 279,766
Net cash used in investing activities (1,718,037) 16,816,211
Lease liability principal payments (973,863) (1,993)
Proceeds from borrowings 97,481,872 66,758,594
Repayment of borrowings (107,462,701) (141,155,737)
Dividend paid to company’s shareholders (4,465,752) (13,361,963)
Dividends paid to non-controlling interests33 (21,261) –34
Purchase of treasury shares35 –34 (92,841)
Sale of treasury shares36 433,293 –34
Net cash used in financing activities (15,008,412) (87,853,940)
Net increase in cash and cash equivalents 34,966,671 47,995,751
Cash and cash equivalents at beginning of the year 173,039,693 135,172,152
Effects of changes in exchange rates 325,849 134,941,869
Effects of inflation on cash and cash equivalents37 –38 (145,070,079)
Cash and cash equivalents at the end of year 208,332,213 173,039,693
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_8j5fdw8w49eg.cf_before_working_capital.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
  4. Printed “-”; reading unresolved, so no amount is shown. 2025 cell prints a dash (page image p86); the 2025 closing-cash identity (173 039 693 + 34 966 671 + 325 849 = 208 332 213) holds without it.
Notes and alternative reported figures (34)
  1. “Profit before income tax” is an issuer-specific line, not mapped to a shared definition: Opening line of the indirect method.
  2. “Monetary loss” is an issuer-specific line, not mapped to a shared definition: Adjustment for non-cash items.
  3. “Depreciation” is an issuer-specific line, not mapped to a shared definition: Note 12; adjustment.
  4. “Amortisation charge” is an issuer-specific line, not mapped to a shared definition: Note 11; adjustment.
  5. “Credit impairment losses” is an issuer-specific line, not mapped to a shared definition: Note 5.4; adjustment.
  6. “Net unrealised exchange gains and losses” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  7. “Fair value adjustment on investment property” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  8. “Fair value adjustment on financial assets at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 24; adjustment.
  9. “Profit on disposal of property and equipment” is an issuer-specific line, not mapped to a shared definition: Note 25; adjustment.
  10. “Depreciation right of use asset” is an issuer-specific line, not mapped to a shared definition: Note 26.3; adjustment.
  11. “Interest on lease liability” is an issuer-specific line, not mapped to a shared definition: Note 26.3; adjustment.
  12. “Provisions**” is an issuer-specific line, not mapped to a shared definition: Staff-related provisions; adjustment.
  13. “Bargain loss” is an issuer-specific line, not mapped to a shared definition: Adjustment (2024 only).
  14. “Net cash generated before changes in operating assets and liabilities” is an issuer-specific line, not mapped to a shared definition: Subtotal.
  15. “(Increase)/decrease in financial assets at amortised cost” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  16. “(Increase)/decrease in loans and advances” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  17. “(Increase)/decrease in trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  18. “(Increase)/decrease in insurance contract assets” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  19. “(Increase)/decrease in reinsurance contract assets” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  20. “(Increase)/decrease in financial assets at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  21. “Decrease/(increase) in financial assets at fair value through other comprehensive income” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  22. “Increase in inventory” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  23. “(Increase)/decrease in prepayments and other assets” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  24. “Decrease/(increase) in investment property” is an issuer-specific line, not mapped to a shared definition: Change in operating assets.
  25. “Increase/(decrease) in deposits from customers” is an issuer-specific line, not mapped to a shared definition: Change in operating liabilities.
  26. “Decrease in deposits from other banks” is an issuer-specific line, not mapped to a shared definition: Change in operating liabilities.
  27. “Increase/(decrease) in insurance contract liabilities” is an issuer-specific line, not mapped to a shared definition: Change in operating liabilities.
  28. “Increase/(decrease) in reinsurance contract liabilities” is an issuer-specific line, not mapped to a shared definition: Change in operating liabilities.
  29. “Decrease in trade and other payables” is an issuer-specific line, not mapped to a shared definition: Change in operating liabilities.
  30. “Purchase of Subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing activities (2024: a net inflow).
  31. “Dividends paid to non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  32. “Purchase of treasury shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  33. “Sale of treasury shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  34. “Effects of inflation on cash and cash equivalents” is an issuer-specific line, not mapped to a shared definition: IAS 29 effect on cash (2024 only), printed after the opening balance.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)3 0.04961 0.02922
Profit / (loss) attributable to shareholders (USD units)4 30,346,748 17,849,145
  1. Printed as 4.96 cents; value converted to USD at 100 cents = 1 USD.
  2. Printed as 2.92 cents; value converted to USD at 100 cents = 1 USD.
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic earnings per share”.
  2. Profit / (loss) attributable to shareholders: printed as “Equity holders of the parent”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid to company’s shareholders (4,465,752) USD units Annual report, p86
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid to company’s shareholders (13,361,963) USD units Annual report, p86

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • FBC Holdings Limited Annual Report 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Axcentium, unmodified opinion · signed

    Auditor's sign-off: Axcentium, per Lawrence Nyajeka, Partner, Registered Auditor (PAAB 0598)

    Final status: Independent auditor's report of Axcentium on the consolidated and separate financial statements (pages 82 to 202), unmodified opinion (PDF p76), closed with a handwritten 'Axcentium' signature above 'Per: Lawrence Nyajeka, Partner, Registered Auditor, PAAB Practice Certificate Number: 0598, Harare', dated 31 March 2026 (PDF p81, page image). The consolidated statement of financial position states the statements were authorised for issue by the board on 31 March 2026 and carries handwritten signatures of the Chairman (Herbert Nkala), Group Chief Executive (Trynos Kufazvinei) and Company Secretary (Tichaona K. Mabeza) (PDF p82, page image).

    Document date
    31 Mar 2026
    Auditor's report
    31 Mar 2026
    Board approval
    31 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · USD units (printed “USD (column headings)”)
    • Cash-flow statement 2024: 'Effects of inflation on cash and cash equivalents' is printed comma-grouped '(145,070,079)' while the rest of the statement groups with spaces (page image p86); read as printed.
    • The directors' report (PDF p65) says the statements were approved by the board on 26 March 2026; the statement of financial position (PDF p82) says authorised for issue on 31 March 2026. The latter, printed on the statement with the signatures, is recorded.
    • The text layer of the first auditor's-report page (PDF p76) holds, beneath the visible text, a hidden fragment headed 'Independent auditor's report on review of interim financial information to the shareholders of Zimplats Holdings Limited' and glyph-encoded letterhead text. It is not visible on the page image, which shows the Axcentium report on FBC Holdings Limited; it does not affect the statement pages.
    • 2024 comparatives were previously reported in ZWG; they are converted to the new USD presentation currency and restated for a prior-period adjustment (note 2.1). A 1 January 2024 balance sheet is presented (not transcribed).
    Technical details
    File
    208 pages, with a text layer
    SHA-256
    faf858450c39404861fd9a52e9729162bbf9a5dcb743d27dd133ba74ef686377
    Entity as printed
    FBC Holdings Limited ('the Company') and its subsidiaries (together 'the Group')
    Issuer copy
    retrieved 2026-10-08T20:39:29Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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