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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

First Capital Bank

FCA.VX · Victoria Falls Stock Exchange · Consolidated statements

On this page
Company details
Legal name
First Capital Bank Limited
Listing
FCA.VX on the Victoria Falls Stock Exchange, active · ISIN ZWVX09010096 (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 · published summary of audited statements, final status not established · source

Read with these figures

  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY2025 figures come from it.
Full wording and sources

  • Published summary of audited statements for 2025: final status not established

    Abridged results published by First Capital Bank Limited on its website; the board report closes 'By Order of the Board, Sarudzai Binha, Company Secretary, 26 March 2026' (typeset, PDF p2). The 'Audit Opinion' paragraph (p2) says the results were extracted from the complete financial statements audited by Ernst & Young with an unmodified opinion, and that the audit report 'is appended to these results', but no auditor's report is printed in this 11-page file. No board approval date for the statements is printed.

    Source: Abridged Audited Financials For the year ended 31 December 2025 (dated 2026-03-26)

  • 2025: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'These abridged audited financial results have been extracted from the complete set of financial statements for the year ended 31 December 2025 which have been audited by ERNST & YOUNG.' (p2) No auditor's report on the summary is printed; the summary states (p2, 'Audit Opinion'): 'These abridged audited financial results have been extracted from the complete set of financial statements for the year ended 31 December 2025 which have been audited by ERNST & YOUNG. An unmodified audit opinion was issued thereon. The determination of expected credit losses on financial assets has been identified as a key audit matter ... The audit report has been made available for inspection at the Company's registered office and on the Company and VFEX websites and is appended to these results. The engagement partner responsible for this audit is Mr David Marange (PAAB Practicing Certificate Number 0436).' The audit report is not in this file. Consolidated statement of profit or loss and OCI and statement of financial position (p2), statement of changes in equity and statement of cash flows (p3), with notes and risk disclosures (pp3-11). Full line-by-line primary statements in USD thousands; company (separate) statements are not printed.

    Source: Abridged Audited Financials For the year ended 31 December 2025 (dated 2026-03-26)

  • Published summary of audited statements for 2024: final status not established

    Abridged results of First Capital Bank Limited; the board report closes 'By Order of the Board, Sarudzai Binha, Company Secretary, 28 April 2025' (typeset, PDF p2). The file appends (pp12-15) Ernst & Young's report, signed and dated 28 April 2025 (page image p15), on the ZWG 'Translated Financial Report' (pages 10 to 84 of that report), a special-purpose translation; that report is not on this summary nor on the USD supplementary statements transcribed here. The USD general-purpose IFRS statements carry a separate EY report dated 28 April 2025 (cited on p13, not printed). No board approval date for the statements is printed.

    Source: Abridged Audited Financial Results for the year ended 31 December 2024 (dated 2025-04-28)

  • 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'These abridged audited financial results have been extracted from the complete set of financial statements for the year ended 31 December 2024 which have been audited by ERNST & YOUNG.' (p2); the USD statements are 'supplementary information ... to comply with the requirements of the Victoria Falls Stock Exchange listing requirements' (p11) No auditor's report on the summary is printed. The summary states (p2, 'Audit Opinion'): 'These abridged audited financial results have been extracted from the complete set of financial statements for the year ended 31 December 2024 which have been audited by ERNST & YOUNG. An unmodified audit opinion was issued thereon. ... The audit report ... is appended to these results.' The appended report (pp12-15) is on the ZWG Translated Financial Report: 'In our opinion, the accompanying Translated Financial Report of First Capital Bank Limited as at 31 December 2024 are prepared in all material respects, in accordance with the Regulatory Notice Number: SECZ070325 ...' (p12), signed Ernst & Young, Harare, 28 April 2025 (p15). Primary abridged statements in ZWG thousands (Translated Financial Report): statement of profit or loss and OCI and statement of financial position (p2), changes in equity and cash flows (p3), notes (pp3-11). USD 'Supplementary information' S1-S4 (p11): profit or loss and OCI, financial position, changes in equity, cash flows, 'provided to comply with the requirements of the Victoria Falls Stock Exchange listing requirements to publish financial information in USD' (p11). Only the USD S1, S2 and S4 are transcribed; company (separate) statements are not printed.

    Source: Abridged Audited Financial Results for the year ended 31 December 2024 (dated 2025-04-28)

  • 2023, 2022: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The audited financial results should be read in conjunction with the complete set of financial statements for the year ended 31 December 2023 which have been audited by Deloitte & Touche. An unmodified audit opinion was issued thereon.' (p4); the abridged statements 'are derived from the audited financial statements' (auditor's report, p15) Independent Auditor's Report on the Abridged Financial Statements (pp15-16): 'In our opinion, the abridged consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements of First Capital Bank Limited, in accordance with the requirements of the Victoria Falls Stock Exchange requirements for abridged financial statements, and the requirements of the Banking Act as applicable to abridged financial statements.' The report states an unqualified opinion was expressed on the full statements in a report dated 26 March 2024 (p15). Signed Deloitte & Touche, per Lawrence Nyajeka, 26 March 2024 (p16). Abridged consolidated statements: profit or loss and OCI, financial position and changes in equity (p4), cash flows (p5), selected notes (pp5-14), each in audited USD000 columns beside 'Historical unaudited' ZWL000 columns. Condensed lines (net fee and commission income only; operating expenses as one line). Separate (company) statements are not printed. Only the USD profit or loss, financial position and cash flows are transcribed.

    Source: Audited Financial Results for the year ended 31 December 2023 (dated 2024-03-26)

  • Auditor's emphasis of matter

    Emphasis of Matter: Basis of Accounting (on the ZWG Translated Financial Report): the report is prepared to comply with Regulatory Notice SECZ070325, the RBZ Monetary Policy Statement of 6 February 2025 and the ZSE Notice of 12 March 2025 and may not be suitable for another purpose; opinion not modified. Other matters: EY issued a separate report on the IFRS general-purpose statements dated 28 April 2025; the ZWG 2023 comparatives were not audited (p13).

    Source: Abridged Audited Financial Results for the year ended 31 December 2024 (dated 2025-04-28)

  • Net interest income

    USD 39.7 million

    39,711 USD thousands · p2

    Change not shown.

    Interest income less interest expense, as printed.

  • Total net income

    USD 84.4 million

    84,397 USD thousands · p2

    Change not shown.

    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 30.1 million

    30,091 USD thousands · p2

    Change not shown.

  • Total assets

    USD 332 million

    331,985 USD thousands · p2

    Change not shown.

  • Customer deposits

    USD 200 million

    200,063 USD thousands · p2

    Change not shown.

  • Total equity

    USD 91.5 million

    91,450 USD thousands · p2

    Change not shown.

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.

Not shown: the two years come from different filings.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD thousands 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 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY2024 — published summary of audited statements (summary), final status not established; reported for the year · source
    • Published summary of audited statements for 2024: final status not established. Abridged results of First Capital Bank Limited; the board report closes 'By Order of the Board, Sarudzai Binha, Company Secretary, 28 April 2025' (typeset, PDF p2). The file appends (pp12-15) Ernst & Young's report, signed and dated 28 April 2025 (page image p15), on the ZWG 'Translated Financial Report' (pages 10 to 84 of that report), a special-purpose translation; that report is not on this summary nor on the USD supplementary statements transcribed here. The USD general-purpose IFRS statements carry a separate EY report dated 28 April 2025 (cited on p13, not printed). No board approval date for the statements is printed.
    • 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'These abridged audited financial results have been extracted from the complete set of financial statements for the year ended 31 December 2024 which have been audited by ERNST & YOUNG.' (p2); the USD statements are 'supplementary information ... to comply with the requirements of the Victoria Falls Stock Exchange listing requirements' (p11) No auditor's report on the summary is printed. The summary states (p2, 'Audit Opinion'): 'These abridged audited financial results have been extracted from the complete set of financial statements for the year ended 31 December 2024 which have been audited by ERNST & YOUNG. An unmodified audit opinion was issued thereon. ... The audit report ... is appended to these results.' The appended report (pp12-15) is on the ZWG Translated Financial Report: 'In our opinion, the accompanying Translated Financial Report of First Capital Bank Limited as at 31 December 2024 are prepared in all material respects, in accordance with the Regulatory Notice Number: SECZ070325 ...' (p12), signed Ernst & Young, Harare, 28 April 2025 (p15). Primary abridged statements in ZWG thousands (Translated Financial Report): statement of profit or loss and OCI and statement of financial position (p2), changes in equity and cash flows (p3), notes (pp3-11). USD 'Supplementary information' S1-S4 (p11): profit or loss and OCI, financial position, changes in equity, cash flows, 'provided to comply with the requirements of the Victoria Falls Stock Exchange listing requirements to publish financial information in USD' (p11). Only the USD S1, S2 and S4 are transcribed; company (separate) statements are not printed.
    • Auditor's emphasis of matter. Emphasis of Matter: Basis of Accounting (on the ZWG Translated Financial Report): the report is prepared to comply with Regulatory Notice SECZ070325, the RBZ Monetary Policy Statement of 6 February 2025 and the ZSE Notice of 12 March 2025 and may not be suitable for another purpose; opinion not modified. Other matters: EY issued a separate report on the IFRS general-purpose statements dated 28 April 2025; the ZWG 2023 comparatives were not audited (p13).
  • FY2023 — published summary of audited statements (summary), signed / final; reported for the year · source
    • 2023, 2022: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The audited financial results should be read in conjunction with the complete set of financial statements for the year ended 31 December 2023 which have been audited by Deloitte & Touche. An unmodified audit opinion was issued thereon.' (p4); the abridged statements 'are derived from the audited financial statements' (auditor's report, p15) Independent Auditor's Report on the Abridged Financial Statements (pp15-16): 'In our opinion, the abridged consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements of First Capital Bank Limited, in accordance with the requirements of the Victoria Falls Stock Exchange requirements for abridged financial statements, and the requirements of the Banking Act as applicable to abridged financial statements.' The report states an unqualified opinion was expressed on the full statements in a report dated 26 March 2024 (p15). Signed Deloitte & Touche, per Lawrence Nyajeka, 26 March 2024 (p16). Abridged consolidated statements: profit or loss and OCI, financial position and changes in equity (p4), cash flows (p5), selected notes (pp5-14), each in audited USD000 columns beside 'Historical unaudited' ZWL000 columns. Condensed lines (net fee and commission income only; operating expenses as one line). Separate (company) statements are not printed. Only the USD profit or loss, financial position and cash flows are transcribed.
  • FY2022 — published summary of audited statements (summary), signed / final; comparative in the FY2023 filing · source
    • 2023, 2022: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The audited financial results should be read in conjunction with the complete set of financial statements for the year ended 31 December 2023 which have been audited by Deloitte & Touche. An unmodified audit opinion was issued thereon.' (p4); the abridged statements 'are derived from the audited financial statements' (auditor's report, p15) Independent Auditor's Report on the Abridged Financial Statements (pp15-16): 'In our opinion, the abridged consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements of First Capital Bank Limited, in accordance with the requirements of the Victoria Falls Stock Exchange requirements for abridged financial statements, and the requirements of the Banking Act as applicable to abridged financial statements.' The report states an unqualified opinion was expressed on the full statements in a report dated 26 March 2024 (p15). Signed Deloitte & Touche, per Lawrence Nyajeka, 26 March 2024 (p16). Abridged consolidated statements: profit or loss and OCI, financial position and changes in equity (p4), cash flows (p5), selected notes (pp5-14), each in audited USD000 columns beside 'Historical unaudited' ZWL000 columns. Condensed lines (net fee and commission income only; operating expenses as one line). Separate (company) statements are not printed. Only the USD profit or loss, financial position and cash flows are transcribed.

Income statement

Income statement, USD thousands. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (signed / final), as reported for the year; FY2022 — published summary of audited statements (signed / final), comparative reported in the published summary of audited statements for 2023.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)reported for the yearsource limitationsFY2023Published summary of audited statements (summary)reported for the yearsource limitationsFY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations
Interest income calculated using the effective interest rate method 42,053 34,661 Not reported in this filing21 Not reported in this filing3
Other interest and related income 1,043 1,027 Not reported in this filing54 Not reported in this filing6
Interest income 43,096 35,688 24,6777 19,350
Interest expense calculated using the effective interest method8 (3,206) (2,409) Not reported in this filing109 Not reported in this filing11
Other interest and similar expense12 (179) (164) Not reported in this filing1413 Not reported in this filing15
Interest expense (3,385) (2,573) (1,703)16 (957)
Net interest income 39,711 33,115 22,97417 18,393
Fee and commission income 37,444 30,605 Not reported in this filing1918 Not reported in this filing20
Fee and commission expense21 (4,281) (2,029) Not reported in this filing2322 Not reported in this filing24
Net fee and commission25 33,163 28,576 25,57926 17,739
Trading and foreign exchange income27 10,561 10,968 24,26528 16,764
Investment and other income2930 1,017 1,505 64331 1,096
Fair value(loss)/gain on investment property3233 (55) 181 (2,225)34 (612)
Net non interest income35 44,686 41,230 48,26236 34,987
Total net income37 84,397 74,345 71,23638 53,380
Impairment losses on financial assets (3,346) (156) (4,638)39 (995)
Net operating income40 81,051 74,189 66,59841 52,385
Loss on derecognition of financial assets42 (2,132) –43 Not reported in this filing4544 Not reported in this filing46
Staff costs (15,781) (20,330) Not reported in this filing4847 Not reported in this filing48
Infrastructure costs49 (9,576) (10,455) Not reported in this filing4850 Not reported in this filing48
General expenses5152 (16,363) (16,011)53 Not reported in this filing4854 Not reported in this filing48
Operating expenses55 (43,852) (46,796)56 (46,699)57 (30,038)
Share of profit/(loss) from joint venture58 1,495 (1,867) (5,273)59 4,424
Profit before tax 38,694 25,52660 14,62661 17,354
Tax expense62 (8,603) (3,562)63 (4,006)64 (5,142)
Profit for the year 30,091 21,96465 10,62066 12,212
(Loss)/gain on revaluations of property plant and equipment6768 (97) 432 (2,641)69 9,121
Deferred tax (charge)/credit7071 (640) 883 54672 (811)
Gain on equity investments at fair value through other comprehensive income7374 2,026 81 (1,184)75 399
Deferred tax charge7677 (115) (305) (1,168)78 (58)
Gain/(loss) on debt instruments at fair value through other comprehensive income7980 495 (202) (157)81 (195)
Net gain on other comprehensive income82 1,669 889 (4,604)83 8,456
Total comprehensive income 31,760 22,85384 6,01685 20,668
Net monetary gain8687 Not reported in this filing88 –89 –9091 (9,417)
Effects of change in presentation currency92 Not reported in this filing93 –94 Not reported in this filing9695 Not reported in this filing97
  1. Printed “–”, read as nil: subtotal_arithmetic: is.operating_expenses_aggregate.
  2. Printed “–”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  3. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  4. Printed “–”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (93)
  1. Published summary of audited statements dated 2025-04-28 presents this line for this year: 23 553 (p11). Not shown in this column, which follows one filing's presentation.
  2. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Interest income calculated using the effective interest rate method' line for 2023; it prints a single 'Interest income' line, which note 3 (p5) analyses by source (bank balances; loans and receivables from banks and investment securities; loans and advances to customers), not by this split. Checked on the page image.
  3. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Interest income calculated using the effective interest rate method' line for 2022; it prints a single 'Interest income' line, which note 3 (p5) analyses by source (bank balances; loans and receivables from banks and investment securities; loans and advances to customers), not by this split. Checked on the page image.
  4. Published summary of audited statements dated 2025-04-28 presents this line for this year: 718 (p11). Not shown in this column, which follows one filing's presentation.
  5. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Other interest and related income' line for 2023; it prints a single 'Interest income' line (note 3, p5, analyses it by source only). Checked on the page image.
  6. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Other interest and related income' line for 2022; it prints a single 'Interest income' line (note 3, p5, analyses it by source only). Checked on the page image.
  7. Published summary of audited statements dated 2025-04-28 prints 24 271 (thousands, p11) for this line and year.
  8. “Interest expense calculated using the effective interest method” is an issuer-specific line, not mapped to a shared definition: Note 5.
  9. Published summary of audited statements dated 2025-04-28 presents this line for this year: (1 785) (p11). Not shown in this column, which follows one filing's presentation.
  10. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Interest expense calculated using the effective interest method' line for 2023; it prints a single 'Interest expense' line, which note 4 (p5) analyses as interest on lease liabilities, balances due to banks and customer deposits. Checked on the page image.
  11. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Interest expense calculated using the effective interest method' line for 2022; it prints a single 'Interest expense' line, which note 4 (p5) analyses as interest on lease liabilities, balances due to banks and customer deposits. Checked on the page image.
  12. “Other interest and similar expense” is an issuer-specific line, not mapped to a shared definition: Note 5.
  13. Published summary of audited statements dated 2025-04-28 presents this line for this year: (50) (p11). Not shown in this column, which follows one filing's presentation.
  14. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Other interest and similar expense' line for 2023; it prints a single 'Interest expense' line (note 4, p5, analyses it by source only). Checked on the page image.
  15. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Other interest and similar expense' line for 2022; it prints a single 'Interest expense' line (note 4, p5, analyses it by source only). Checked on the page image.
  16. Published summary of audited statements dated 2025-04-28 prints (1 835) (thousands, p11) for this line and year.
  17. Published summary of audited statements dated 2025-04-28 prints 22 436 (thousands, p11) for this line and year.
  18. Published summary of audited statements dated 2025-04-28 presents this line for this year: 26 977 (p11). Not shown in this column, which follows one filing's presentation.
  19. Not reported in this filing: Not reported separately: included in 'Net fee and commission income' (p4). Note 5 (p5) prints a 'Fee and commission income' line for 2023 that the statement does not show; not transcribed from the note under this decision. Checked on the page image (statement) and text layer (note).
  20. Not reported in this filing: Not reported separately: included in 'Net fee and commission income' (p4). Note 5 (p5) prints a 'Fee and commission income' line for 2022 that the statement does not show; not transcribed from the note under this decision. Checked on the page image (statement) and text layer (note).
  21. Printed under different labels across filings: “Fee and commission Expense”; “Fee and commission expense”.
  22. Published summary of audited statements dated 2025-04-28 presents this line for this year: (1 905) (p11). Not shown in this column, which follows one filing's presentation.
  23. Not reported in this filing: Not reported separately: included in 'Net fee and commission income' (p4). Note 5 (p5) prints a 'Fee and commission expense' heading with a single 'Guarantees' line for 2023; the statement shows no expense line. Checked on the page image (statement) and text layer (note).
  24. Not reported in this filing: Not reported separately: included in 'Net fee and commission income' (p4). Note 5 (p5) prints a 'Fee and commission expense' heading with a single 'Guarantees' line for 2022; the statement shows no expense line. Checked on the page image (statement) and text layer (note).
  25. Printed under different labels across filings: “Net fee and commission”; “Net fee and commission income”.
  26. Published summary of audited statements dated 2025-04-28 prints 25 072 (thousands, p11) for this line and year.
  27. Printed under different labels across filings: “Net trading and foreign exchange income”; “Trading and foreign exchange income”.
  28. Published summary of audited statements dated 2025-04-28 prints 29 622 (thousands, p11) for this line and year.
  29. “Investment and other income” is an issuer-specific line, not mapped to a shared definition: Note 8: within net non interest income.
  30. Printed under different labels across filings: “Investment and other income”; “Net investment and other income”.
  31. Published summary of audited statements dated 2025-04-28 prints 418 (thousands, p11) for this line and year.
  32. “Fair value(loss)/gain on investment property” is an issuer-specific line, not mapped to a shared definition: Note 19: within net non interest income.
  33. Printed under different labels across filings: “Fair value (loss)/ gain on investment property”; “Fair value gain on investment property”; “Fair value(loss)/gain on investment property”.
  34. Published summary of audited statements dated 2025-04-28 prints 500 (thousands, p11) for this line and year.
  35. Printed under different labels across filings: “Net non interest income”; “Net non-interest income”; “Total non interest income”.
  36. Published summary of audited statements dated 2025-04-28 prints 55 612 (thousands, p11) for this line and year.
  37. Printed under different labels across filings: “Total income”; “Total net income”.
  38. Published summary of audited statements dated 2025-04-28 prints 78 048 (thousands, p11) for this line and year.
  39. Published summary of audited statements dated 2025-04-28 prints (4 142) (thousands, p11) for this line and year.
  40. “Net operating income” is an issuer-specific line, not mapped to a shared definition: Total net income less impairment losses on financial assets.
  41. Published summary of audited statements dated 2025-04-28 prints 73 906 (thousands, p11) for this line and year.
  42. “Loss on derecognition of financial assets” is an issuer-specific line, not mapped to a shared definition: Note 13.1: within operating expenses.
  43. Published summary of audited statements dated 2025-04-28 presents this line for this year: (2 864) (p11). Not shown in this column, which follows one filing's presentation.
  44. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Loss on derecognition of financial assets' line for 2023. The cash-flow statement (p5) prints an adjustment 'Loss arising from change in valuation of treasury bills', a different label in another statement. Checked on the page image.
  45. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p4) has no 'Loss on derecognition of financial assets' line for 2022. The cash-flow statement (p5) prints an adjustment 'Loss arising from change in valuation of treasury bills', a different label in another statement. Checked on the page image.
  46. Published summary of audited statements dated 2025-04-28 presents this line for this year: (17 949) (p11). Not shown in this column, which follows one filing's presentation.
  47. Not reported in this filing: Not reported separately: included in 'Operating expenses' (p4); note 8 (p5) analyses 'Operating expenses' into 'Staff costs', 'Infrastructure costs' and 'General expenses'. Checked on the page image (statement) and text layer (note).
  48. “Infrastructure costs” is an issuer-specific line, not mapped to a shared definition: Note 9.1.2: within operating expenses.
  49. Published summary of audited statements dated 2025-04-28 presents this line for this year: (8 059) (p11). Not shown in this column, which follows one filing's presentation.
  50. “General expenses” is an issuer-specific line, not mapped to a shared definition: Note 9.1.3: within operating expenses.
  51. Printed under different labels across filings: “General expenses”; “General expenses ***”.
  52. Published summary of audited statements dated 2026-03-26 prints (16 590) (thousands, p2) for this line and year.
  53. Published summary of audited statements dated 2025-04-28 presents this line for this year: (13 579) (p11). Not shown in this column, which follows one filing's presentation.
  54. Printed under different labels across filings: “Operating expenses”; “Operating expenses***”.
  55. Published summary of audited statements dated 2026-03-26 prints (47 375) (thousands, p2) for this line and year.
  56. Published summary of audited statements dated 2025-04-28 prints (42 451) (thousands, p11) for this line and year.
  57. Printed under different labels across filings: “Share of (loss)/ profit from joint venture”; “Share of (loss)/profit from joint venture”; “Share of profit/(loss) from joint venture”.
  58. Published summary of audited statements dated 2025-04-28 prints 3 736 (thousands, p11) for this line and year.
  59. Published summary of audited statements dated 2026-03-26 prints 24 947 (thousands, p2) for this line and year.
  60. Published summary of audited statements dated 2025-04-28 prints 37 934 (thousands, p11) for this line and year.
  61. Printed under different labels across filings: “Tax expense”; “Taxation”.
  62. Published summary of audited statements dated 2026-03-26 prints (5 110) (thousands, p2) for this line and year.
  63. Published summary of audited statements dated 2025-04-28 prints (8 200) (thousands, p11) for this line and year.
  64. Published summary of audited statements dated 2026-03-26 prints 19 837 (thousands, p2) for this line and year.
  65. Published summary of audited statements dated 2025-04-28 prints 29 734 (thousands, p11) for this line and year.
  66. “(Loss)/gain on revaluations of property plant and equipment” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (note 17).
  67. Printed under different labels across filings: “(Loss)/ gain on revaluations”; “(Loss)/gain on revaluations of property plant and equipment”; “Gain on revaluations of property plant and equipment”.
  68. Published summary of audited statements dated 2025-04-28 prints 9 460 (thousands, p11) for this line and year.
  69. “Deferred tax (charge)/credit” is an issuer-specific line, not mapped to a shared definition: OCI, deferred tax on the revaluation line.
  70. Printed under different labels across filings: “Deferred tax (charge)/credit”; “Deferred tax income/(charge)”.
  71. Published summary of audited statements dated 2025-04-28 prints (3 023) (thousands, p11) for this line and year.
  72. “Gain on equity investments at fair value through other comprehensive income” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (note 13.3).
  73. Printed under different labels across filings: “(Loss)/ gain on financial assets at fair value through other comprehensive income”; “Gain on equity investments at fair value through other comprehensive income”; “Gain on financial assets at fair value through other comprehensive income”.
  74. Published summary of audited statements dated 2025-04-28 prints 1 091 (thousands, p11) for this line and year.
  75. “Deferred tax charge” is an issuer-specific line, not mapped to a shared definition: OCI, deferred tax on the equity FVOCI line.
  76. Printed under different labels across filings: “Deferred tax (charge)/income”; “Deferred tax charge”.
  77. Published summary of audited statements dated 2025-04-28 prints 432 (thousands, p11) for this line and year.
  78. “Gain/(loss) on debt instruments at fair value through other comprehensive income” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified.
  79. Printed under different labels across filings: “(Loss)/ gain on financial assets at fair value through other comprehensive income”; “Gain/(loss) on debt instruments at fair value through other comprehensive income”; “Loss on financial assets at fair value through other comprehensive income”.
  80. Published summary of audited statements dated 2025-04-28 prints (2 458) (thousands, p11) for this line and year.
  81. Printed under different labels across filings: “Net (loss)/ gain on other comprehensive income”; “Net gain on other comprehensive income”; “Net gain/(loss) on other comprehensive income”.
  82. Published summary of audited statements dated 2025-04-28 prints (11 546) (thousands, p11) for this line and year.
  83. Published summary of audited statements dated 2026-03-26 prints 20 726 (thousands, p2) for this line and year.
  84. Published summary of audited statements dated 2025-04-28 prints 18 188 (thousands, p11) for this line and year.
  85. “Net monetary gain” is an issuer-specific line, not mapped to a shared definition: IAS 29 net monetary gain (2023 comparative only; hyperinflation accounting to 30 December 2023).
  86. Printed under different labels across filings: “Net monetary gain”; “Net monetary loss”.
  87. Not reported in this filing: Not printed: the FY2025 statement of profit or loss (p2) has no net monetary gain or loss line for 2025; after 'Operating expenses' it prints 'Share of profit/(loss) from joint venture' and 'Profit before tax'. Text layer.
  88. Published summary of audited statements dated 2025-04-28 prints 2 743 (thousands, p11) for this line and year.
  89. “Effects of change in presentation currency” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (2023 comparative).
  90. Not reported in this filing: Not printed: the FY2025 other comprehensive income section (p2) has no 'Effects of change in presentation currency' line for 2025; its OCI lines are revaluation of property, deferred tax, equity investments at FVOCI, deferred tax and debt instruments at FVOCI. Text layer.
  91. Published summary of audited statements dated 2025-04-28 presents this line for this year: (17 048) (p11). Not shown in this column, which follows one filing's presentation.
  92. Not reported in this filing: Not printed: the FY2023 other comprehensive income section (p4) has no 'Effects of change in presentation currency' line for 2023; its OCI lines are revaluations, deferred tax, FVOCI gains/losses and deferred tax. Checked on the page image.
  93. Not reported in this filing: Not printed: the FY2023 other comprehensive income section (p4) has no 'Effects of change in presentation currency' line for 2022; its OCI lines are revaluations, deferred tax, FVOCI gains/losses and deferred tax. Checked on the page image.

Balance sheet

Balance sheet, USD thousands. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (signed / final), as reported for the year; FY2022 — published summary of audited statements (signed / final), comparative reported in the published summary of audited statements for 2023.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)reported for the yearsource limitationsFY2023Published summary of audited statements (summary)reported for the yearsource limitationsFY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations
Cash and bank balances 107,815 96,958 70,877 78,002
Non-current assets held for sale1 13,968 –2 2,217 –3
Loans and receivables from banks 2,801 11,019 6,465 328
Loans and advances to customers 128,671 113,114 86,062 65,973
Other assets 10,360 11,110 11,6944 11,661
Investment securities 27,652 12,964 13,168 19,243
Investment properties 2,039 2,174 1,494 5,936
Investment in joint venture –2 12,472 14,340 19,613
Intangible assets 1,016 1,298 6125 988
Right of use assets 3,323 3,931 3,8286 3,262
Property and equipment 34,340 30,769 24,9387 27,377
Total assets 331,985 295,809 235,9438 233,943
Deposits from customers 200,063 178,384 123,1529 136,063
Provisions and employee benefit accruals1011 4,342 1,688 1,839 1,697
Other liabilities 9,491 9,72012 6,18513 17,729
Balances due to group companies14 1,350 1,002 1,198 69
Current tax liabilities 4,216 1,94715 Not reported in this filing1716 Not reported in this filing18
Lease liabilities19 2,510 2,873 2,822 2,653
Balances due to banks 14,948 16,241 24,416 1,165
Deferred tax liabilities 3,615 6,725 8,32320 6,662
Total liabilities 240,535 218,58021 167,93522 166,038
Share capital 31 31 5823 58
Share premium 3,441 3,441 6,36024 6,360
Non-distributable reserve2526 1,123 1,123 2,07627 2,076
Investments at fair value through other comprehensive income reserve28 3,456 1,088 2,01829 4,527
Property revaluation reserve 16,095 16,832 14,68730 16,782
General reserve31 –32 435 1,15533 185
Share-based payment reserve3435 181 181 33636 335
Retained earnings 67,123 54,09837 41,31838 37,582
Total equity 91,450 77,22939 68,00840 67,905
Total equity and liabilities 331,985 295,809 235,9438 233,943
Current tax asset Not reported in this filing41 –2 248 1,560
  1. Printed “–”, read as nil: subtotal_arithmetic: bs.total_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  3. Printed “–”, read as nil: subtotal_arithmetic: bs.total_equity.
Notes and alternative reported figures (38)
  1. “Non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 21.
  2. Published summary of audited statements dated 2025-04-28 prints 12 983 (thousands, p11) for this line and year.
  3. Published summary of audited statements dated 2025-04-28 prints 455 (thousands, p11) for this line and year.
  4. Published summary of audited statements dated 2025-04-28 prints 3 702 (thousands, p11) for this line and year.
  5. Published summary of audited statements dated 2025-04-28 prints 24 936 (thousands, p11) for this line and year.
  6. Published summary of audited statements dated 2025-04-28 prints 236 947 (thousands, p11) for this line and year.
  7. Published summary of audited statements dated 2025-04-28 prints 122 980 (thousands, p11) for this line and year.
  8. “Provisions and employee benefit accruals” is an issuer-specific line, not mapped to a shared definition: Note 26.
  9. Printed under different labels across filings: “Employee benefit accruals”; “Provisions and employee benefit accruals”.
  10. Published summary of audited statements dated 2026-03-26 prints 10 740 (thousands, p2) for this line and year.
  11. Published summary of audited statements dated 2025-04-28 prints 6 186 (thousands, p11) for this line and year.
  12. “Balances due to group companies” is an issuer-specific line, not mapped to a shared definition: Note 35.5.
  13. Published summary of audited statements dated 2026-03-26 prints 5 019 (thousands, p2) for this line and year.
  14. Published summary of audited statements dated 2025-04-28 presents this line for this year: – (p11). Not shown in this column, which follows one filing's presentation.
  15. Not reported in this filing: Not printed: the FY2023 statement of financial position (p4) has no current tax liability line for 2023; liabilities are deposits from customers, employee benefit accruals, balances due to group companies, balances due to banks, other liabilities, deferred tax liabilities and lease liabilities. It prints 'Current tax asset' among assets. Checked on the page image.
  16. Not reported in this filing: Not printed: the FY2023 statement of financial position (p4) has no current tax liability line for 2022; liabilities are deposits from customers, employee benefit accruals, balances due to group companies, balances due to banks, other liabilities, deferred tax liabilities and lease liabilities. It prints 'Current tax asset' among assets. Checked on the page image.
  17. “Lease liabilities” is an issuer-specific line, not mapped to a shared definition: Note 23.2 (unclassified statement).
  18. Published summary of audited statements dated 2025-04-28 prints 10 873 (thousands, p11) for this line and year.
  19. Published summary of audited statements dated 2026-03-26 prints 222 672 (thousands, p2) for this line and year.
  20. Published summary of audited statements dated 2025-04-28 prints 170 314 (thousands, p11) for this line and year.
  21. Published summary of audited statements dated 2025-04-28 prints 31 (thousands, p11) for this line and year.
  22. Published summary of audited statements dated 2025-04-28 prints 3 441 (thousands, p11) for this line and year.
  23. “Non-distributable reserve” is an issuer-specific line, not mapped to a shared definition: Note 30.3.
  24. Printed under different labels across filings: “Non - distributable reserve”; “Non-distributable reserve”.
  25. Published summary of audited statements dated 2025-04-28 prints 1 123 (thousands, p11) for this line and year.
  26. Printed under different labels across filings: “Fair value through other comprehensive income reserve”; “Investments at fair value through other comprehensive income reserve”.
  27. Published summary of audited statements dated 2025-04-28 prints 1 514 (thousands, p11) for this line and year.
  28. Published summary of audited statements dated 2025-04-28 prints 15 517 (thousands, p11) for this line and year.
  29. “General reserve” is an issuer-specific line, not mapped to a shared definition: Note 30.6: regulatory impairment allowances reserve.
  30. Published summary of audited statements dated 2025-04-28 prints 991 (thousands, p11) for this line and year.
  31. “Share-based payment reserve” is an issuer-specific line, not mapped to a shared definition: Note 30.7.
  32. Printed under different labels across filings: “Share - based payment reserve”; “Share-based payment reserve”.
  33. Published summary of audited statements dated 2025-04-28 prints 181 (thousands, p11) for this line and year.
  34. Published summary of audited statements dated 2026-03-26 prints 50 006 (thousands, p2) for this line and year.
  35. Published summary of audited statements dated 2025-04-28 prints 43 835 (thousands, p11) for this line and year.
  36. Published summary of audited statements dated 2026-03-26 prints 73 137 (thousands, p2) for this line and year.
  37. Published summary of audited statements dated 2025-04-28 prints 66 633 (thousands, p11) for this line and year.
  38. Not reported in this filing: Not printed: the FY2025 statement of financial position (p2) has no 'Current tax asset' line for 2025; it prints 'Current tax liabilities' among liabilities. Text layer.

Cash flow

Cash flow, USD thousands. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (signed / final), as reported for the year; FY2022 — published summary of audited statements (signed / final), comparative reported in the published summary of audited statements for 2023.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)reported for the yearsource limitationsFY2023Published summary of audited statements (summary)reported for the yearsource limitationsFY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations
Cash flows from operating activities12 3,799 (7,908)3 (4,815)4 (4,240)
Increase in loans and advances to customers56 (19,348) (23,428) (45,878)7 (30,083)
Decrease in other assets89 749 6,214 (14,722)10 2,311
Increase in deposits from customers1112 21,358 55,232 35,59913 60,585
Increase in employee accruals, amounts due to group companies and other liabilities141516 3,367 3,05617 4,03918 15,417
Corporate income tax paid (13,588) (5,843) (3,769) (5,641)
Interest received on loans and bank balances19 41,747 31,843 22,497 15,980
Interest paid on deposits2021 (1,558) (2,259) (1,022) (661)
Decrease/(increase) in loans and receivables from banks2223 8,206 (4,554) Not reported in this filing2524 Not reported in this filing26
Net cash generated from operating activities27 44,732 52,353 (8,071)28 53,668
Purchase of property, equipment and intangible assets29 (6,495) (7,712) (2,577)30 (1,553)
Proceeds from sale of property and equipment 1,200 166 13531 119
Purchase of gold-backed digital tokens32 –33 (2,616) (4,320) –34
Dividend from equity securities3536 341 174 38237 423
Interest received from investment securities38 1,827 2,696 59937 774
Proceeds from sale and maturities of treasury bills and Bonds3940 4,334 6,614 Not reported in this filing4241 Not reported in this filing42
Purchase of treasury bills and bonds43 (18,475) (6,957) Not reported in this filing4544 Not reported in this filing45
Proceeds from disposal of gold-backed digital tokens46 53 5,994 Not reported in this filing4847 Not reported in this filing49
Proceeds from sale of non-current assets held for sale50 –33 2,550 Not reported in this filing5147 Not reported in this filing52
Net cash generated from investing activities53 (17,215) 909 (8,278)54 (14,966)
Interest paid on lease liabilities (460) (203) Not reported in this filing5655 Not reported in this filing57
Dividend paid (13,447) (12,257) (5,914)58 (4,508)
Lease liabilities payments (975) (337) (642)59 (624)
Balances due to banks – Principal repayments (6,261) (14,598) Not reported in this filing6047 Not reported in this filing61
Balances due to banks – Interest payments (848) (602) Not reported in this filing6362 Not reported in this filing64
Balances due to banks – repayments6566 4,861 Not reported in this filing6867 Not reported in this filing69 Not reported in this filing69
Net cash used in financing activities70 (17,130) (20,972) 16,41271 (5,132)
Net increase in cash and cash equivalents 10,387 32,290 6372 33,570
Cash and cash equivalents at the beginning of the year 96,958 70,877 78,00273 45,513
Exchange gain/( loss) on foreign cash balances74 470 (6,209) (7,188) (1,081)
Cash and cash equivalents at the end of the year 107,815 96,958 70,877 78,002
Balances due to banks – borrowings7576 Not reported in this filing77 7,025 22,96878 –79
Purchase of investment securities80 Not reported in this filing81 Not reported in this filing82 (11,404) (24,596)
Proceeds from sale and maturities of investment securities83 Not reported in this filing84 Not reported in this filing85 8,907 9,867
Proceeds from issue of shares under a share based payment plan86 Not reported in this filing87 Not reported in this filing88 –79 –79
  1. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (85)
  1. “Cash flows from operating activities” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: profit before tax plus non-cash adjustments, before changes in operating assets and liabilities.
  2. Printed under different labels across filings: “Cash flow from operating activities”; “Cash flows from operating activities”.
  3. Published summary of audited statements dated 2026-03-26 prints (8 487) (thousands, p3) for this line and year.
  4. Published summary of audited statements dated 2025-04-28 prints 4 668 (thousands, p11) for this line and year.
  5. “Increase in loans and advances to customers” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  6. Printed under different labels across filings: “Increase in loans and advances to customers”; “Increase in loans and advances to customers*”.
  7. Published summary of audited statements dated 2025-04-28 prints (34 993) (thousands, p11) for this line and year.
  8. “Decrease in other assets” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  9. Printed under different labels across filings: “(Increase)/decrease in other assets**”; “Decrease in other assets”; “Decrease/(increase) in other assets”.
  10. Published summary of audited statements dated 2025-04-28 prints (11 095) (thousands, p11) for this line and year.
  11. “Increase in deposits from customers” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  12. Printed under different labels across filings: “Increase in deposits from customers”; “Increase in deposits from customers**”.
  13. Published summary of audited statements dated 2025-04-28 prints 49 907 (thousands, p11) for this line and year.
  14. “Increase in employee accruals, amounts due to group companies and other liabilities” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  15. “Increase in employee accruals, amounts due to group companies and other liabilities”: mapping to a shared definition is uncertain. FY2023 prints 'Increase in other liabilities'; FY2024 names the same line 'Increase in employee accruals, amounts due to group companies and other liabilities'.
  16. Printed under different labels across filings: “Increase in employee accruals, amounts due to group companies and other liabilities”; “Increase in other liabilities**”; “Increase/(decrease) in employee accruals, amounts due to group companies and other liabilities”.
  17. Published summary of audited statements dated 2026-03-26 prints 3 635 (thousands, p3) for this line and year.
  18. Published summary of audited statements dated 2025-04-28 prints (1 162) (thousands, p11) for this line and year.
  19. Printed under different labels across filings: “Interest received on loans and bank balances”; “Interest received on loans, promisory notes and bank balances *”.
  20. “Interest paid on deposits” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  21. Printed under different labels across filings: “Interest paid on deposits”; “Interest paid on deposits*”.
  22. “Decrease/(increase) in loans and receivables from banks” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  23. Printed under different labels across filings: “Decrease/(increase) in loans and receivables from banks”; “Increase in loans and receivables from banks”.
  24. Published summary of audited statements dated 2025-04-28 presents this line for this year: (6 288) (p11). Not shown in this column, which follows one filing's presentation.
  25. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no change in loans and receivables from banks line for 2023; working-capital lines are loans and advances to customers, other assets, deposits from customers and other liabilities. Checked on the page image.
  26. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no change in loans and receivables from banks line for 2022; working-capital lines are loans and advances to customers, other assets, deposits from customers and other liabilities. Checked on the page image.
  27. Printed under different labels across filings: “Net cash (used in )/generated from operating activities”; “Net cash generated from operating activities”.
  28. Published summary of audited statements dated 2025-04-28 prints 18 743 (thousands, p11) for this line and year.
  29. “Purchase of property, equipment and intangible assets”: mapping to a shared definition is uncertain. One line for property, equipment and intangible assets.
  30. Published summary of audited statements dated 2025-04-28 prints (2 129) (thousands, p11) for this line and year.
  31. Published summary of audited statements dated 2025-04-28 prints 117 (thousands, p11) for this line and year.
  32. “Purchase of gold-backed digital tokens” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 13.2).
  33. “Dividend from equity securities” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  34. Printed under different labels across filings: “Dividend from equity securities”; “Dividends received”.
  35. Published summary of audited statements dated 2025-04-28 prints 330 (thousands, p11) for this line and year.
  36. “Interest received from investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  37. “Proceeds from sale and maturities of treasury bills and Bonds” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 13.1).
  38. Printed under different labels across filings: “Proceeds from sale and maturities of treasury bills and Bonds”; “Proceeds from sale and maturities of treasury bills and bonds”.
  39. Published summary of audited statements dated 2025-04-28 presents this line for this year: 17 633 (p11). Not shown in this column, which follows one filing's presentation.
  40. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Proceeds from sale and maturities of investment securities' (p5), shown in the row 'Proceeds from sale and maturities of investment securities'. Checked on the page image.
  41. “Purchase of treasury bills and bonds” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 13.1).
  42. Published summary of audited statements dated 2025-04-28 presents this line for this year: (11 404) (p11). Not shown in this column, which follows one filing's presentation.
  43. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Purchase of investment securities' (p5), shown in the row 'Purchase of investment securities'. Checked on the page image.
  44. “Proceeds from disposal of gold-backed digital tokens” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 13.2).
  45. Published summary of audited statements dated 2025-04-28 presents this line for this year: – (p11). Not shown in this column, which follows one filing's presentation.
  46. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no 'Proceeds from disposal of gold-backed digital tokens' line for 2023; it prints only 'Purchase of gold-backed digital tokens'. Checked on the page image.
  47. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no 'Proceeds from disposal of gold-backed digital tokens' line for 2022; it prints only 'Purchase of gold-backed digital tokens'. Checked on the page image.
  48. “Proceeds from sale of non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 18).
  49. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no 'Proceeds from sale of non-current assets held for sale' line for 2023. Checked on the page image.
  50. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no 'Proceeds from sale of non-current assets held for sale' line for 2022. Checked on the page image.
  51. Printed under different labels across filings: “Net cash generated from investing activities”; “Net cash used in investing activities”.
  52. Published summary of audited statements dated 2025-04-28 prints 557 (thousands, p11) for this line and year.
  53. Published summary of audited statements dated 2025-04-28 presents this line for this year: (350) (p11). Not shown in this column, which follows one filing's presentation.
  54. Not reported in this filing: Not reported separately: the FY2023 consolidated statement of cash flows (p5) prints one combined financing line 'Lease liabilities payments' for 2023, with no separate interest line. Checked on the page image.
  55. Not reported in this filing: Not reported separately: the FY2023 consolidated statement of cash flows (p5) prints one combined financing line 'Lease liabilities payments' for 2022, with no separate interest line. Checked on the page image.
  56. Published summary of audited statements dated 2025-04-28 prints (5 542) (thousands, p11) for this line and year.
  57. Published summary of audited statements dated 2025-04-28 prints (793) (thousands, p11) for this line and year.
  58. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no principal-repayment line for balances due to banks for 2023; financing prints 'Increase in balances due to banks' only. Checked on the page image.
  59. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no principal-repayment line for balances due to banks for 2022; financing prints 'Increase in balances due to banks' only. Checked on the page image.
  60. Published summary of audited statements dated 2025-04-28 presents this line for this year: (321) (p11). Not shown in this column, which follows one filing's presentation.
  61. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no interest-payment line for balances due to banks for 2023; financing prints 'Increase in balances due to banks', 'Dividend paid' and 'Lease liabilities payments'. Checked on the page image.
  62. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p5) has no interest-payment line for balances due to banks for 2022; financing prints 'Increase in balances due to banks', 'Dividend paid' and 'Lease liabilities payments'. Checked on the page image.
  63. “Balances due to banks – repayments” is an issuer-specific line, not mapped to a shared definition: Financing activities: printed as a positive amount under the label 'repayments' (an inflow by its sign), as printed.
  64. “Balances due to banks – repayments”: mapping to a shared definition is uncertain. Labelled 'repayments' but printed positive (4 861; 2024: 7 025) and added in the financing total; probably drawdowns. Kept as printed.
  65. Published summary of audited statements dated 2026-03-26 presents this line for this year: 7 025 (p3). Not shown in this column, which follows one filing's presentation.
  66. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Balances due to banks – borrowings' (p11), shown in the row 'Proceeds from borrowings'. The FY2025 filing prints the same 2024 amount as 'Balances due to banks – repayments' (p3). Text layer.
  67. Not reported in this filing: Not reported under this label in this filing: the filing's only balances-due-to-banks financing line is printed as 'Increase in balances due to banks' (p5), shown in the row 'Proceeds from borrowings'. Checked on the page image.
  68. Printed under different labels across filings: “Net cash (used in)/generated from financing activities”; “Net cash generated from/(used in ) financing activities”; “Net cash used in financing activities”.
  69. Published summary of audited statements dated 2025-04-28 prints 16 566 (thousands, p11) for this line and year.
  70. Published summary of audited statements dated 2025-04-28 prints 35 866 (thousands, p11) for this line and year.
  71. Published summary of audited statements dated 2025-04-28 prints 42 199 (thousands, p11) for this line and year.
  72. Printed under different labels across filings: “Exchange (loss)/gain on foreign cash balances**”; “Exchange gain/( loss) on foreign cash balances”; “Exchange loss on foreign cash balances”.
  73. “Balances due to banks – borrowings”: mapping to a shared definition is uncertain. Net increase in balances due to banks in financing activities (FY2024 splits borrowings, principal and interest repayments).
  74. Printed under different labels across filings: “Balances due to banks – borrowings”; “Increase in balances due to banks”.
  75. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Balances due to banks – repayments' (p3), shown in the row 'Balances due to banks – repayments'. Text layer.
  76. Published summary of audited statements dated 2025-04-28 prints 23 572 (thousands, p11) for this line and year.
  77. “Purchase of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (FY2023 presentation).
  78. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Purchase of treasury bills and bonds' (p3), shown in the row 'Purchase of treasury bills and bonds'. Text layer.
  79. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Purchase of treasury bills and bonds' (p11), shown in the row 'Purchase of treasury bills and bonds'. Text layer.
  80. “Proceeds from sale and maturities of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (FY2023 presentation).
  81. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Proceeds from sale and maturities of treasury bills and Bonds' (p3), shown in the row 'Proceeds from sale and maturities of treasury bills and Bonds'. Text layer.
  82. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Proceeds from sale and maturities of treasury bills and bonds' (p11), shown in the row 'Proceeds from sale and maturities of treasury bills and Bonds'. Text layer.
  83. “Proceeds from issue of shares under a share based payment plan” is an issuer-specific line, not mapped to a shared definition: Financing activities (nil in USD both years).
  84. Not reported in this filing: Not printed: the FY2025 statement of cash flows (p3) has no 'Proceeds from issue of shares under a share based payment plan' line for 2025; financing lines are lease interest, dividend paid, lease payments and three balances-due-to-banks lines. Text layer.
  85. Not reported in this filing: Not printed: the FY2024 supplementary USD statement of cash flows (p11) has no 'Proceeds from issue of shares under a share based payment plan' line for 2024. Text layer.

Per share and shares

Per share and shares. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (signed / final), as reported for the year; FY2022 — published summary of audited statements (signed / final), comparative reported in the published summary of audited statements for 2023.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)reported for the yearsource limitationsFY2023Published summary of audited statements (summary)reported for the yearsource limitationsFY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations
Earnings / (loss) per share (per share)81 0.01392 0.010234 0.004956 0.00577
  1. Printed as 1.39 cents; value converted to USD at 100 cents = 1 USD.
  2. Printed as 1.02 cents; value converted to USD at 100 cents = 1 USD.
  3. Printed as 0.49 cents; value converted to USD at 100 cents = 1 USD.
  4. Printed as 0.57 cents; value converted to USD at 100 cents = 1 USD.
Notes and alternative reported figures (4)
  1. “Basic (cents per share)”: mapping to a shared definition is uncertain. Basic EPS; diluted is printed on its own line and differs in 2023 (1.37 against 1.38): native eps_diluted.
  2. Published summary of audited statements dated 2026-03-26 prints 0.92 (units, p2) for this line and year.
  3. Published summary of audited statements dated 2025-04-28 prints 1.38 (units, p11) for this line and year.
  4. Earnings / (loss) per share: printed as “Basic (cents per share)”.

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 (13,447) USD thousands Summary statements, p3
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid (12,257) USD thousands Summary statements, p11
31 Dec 2023 Dividends paid (cash flow statement) Dividend paid (5,914) USD thousands Summary statements, p5
31 Dec 2022 Dividends paid (cash flow statement) Dividend paid (4,508) USD thousands Summary statements, p5

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.

  • Abridged Audited Financials For the year ended 31 December 2025

    Year ended 31 December 2025 · Published summary of audited statements (summary) · final status not established

    Audit: Ernst & Young (named); no auditor's opinion on the full statements in this document · no signature page in this document

    Final status: Abridged results published by First Capital Bank Limited on its website; the board report closes 'By Order of the Board, Sarudzai Binha, Company Secretary, 26 March 2026' (typeset, PDF p2). The 'Audit Opinion' paragraph (p2) says the results were extracted from the complete financial statements audited by Ernst & Young with an unmodified opinion, and that the audit report 'is appended to these results', but no auditor's report is printed in this 11-page file. No board approval date for the statements is printed.

    Document date
    26 Mar 2026
    Auditor's report
    date not found in this document
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025
    Basis
    consolidated statements · USD thousands (printed “USD000”)
    • Operating expenses (43 852) include the loss on derecognition of financial assets (2 132) printed above staff costs (p2). In financing activities 'Balances due to banks – repayments' is printed positive (4 861; 2024: 7 025) beside a separate negative 'Principal repayments' line (p3); kept as printed.
    • The 2024 comparatives are headed 'Restated*' and corrected for an error (note 3, p3): general expenses (16 011) to (16 590), tax expense (3 562) to (5 110), profit for the year 21 964 to 19 837, other liabilities 9 720 to 10 740, current tax liabilities 1 947 to 5 019, retained earnings 54 098 to 50 006, basic and diluted EPS 1.02 to 0.92 cents.
    • Earnings per share printed in US cents (basic 1.39; 2024 restated: 0.92; diluted printed identically, p2); stored in dollars with the printed figure and unit kept.
    • No auditor's report on the summary is printed; the summary states (p2, 'Audit Opinion'): 'These abridged audited financial results have been extracted from the complete set of financial statements for the year ended 31 December 2025 which have been audited by ERNST & YOUNG. An unmodified audit opinion was issued thereon. The determination of expected credit losses on financial assets has been identified as a key audit matter ... The audit report has been made available for inspection at the Company's registered office and on the Company and VFEX websites and is appended to these results. The engagement partner responsible for this audit is Mr David Marange (PAAB Practicing Certificate Number 0436).' The audit report is not in this file.
    • Consolidated statement of profit or loss and OCI and statement of financial position (p2), statement of changes in equity and statement of cash flows (p3), with notes and risk disclosures (pp3-11). Full line-by-line primary statements in USD thousands; company (separate) statements are not printed.
    Technical details
    File
    11 pages, with a text layer
    SHA-256
    8c37d29d639ae15da15597db63a55bdb37b4a8f1d9d8d5b434cdffc99719383c
    Entity as printed
    First Capital Bank Limited ('the bank'), registration number 148/1981, and its subsidiary (the Group)
    Issuer copy
    retrieved 2026-10-08T20:40:31Z

  • Abridged Audited Financial Results for the year ended 31 December 2024

    Year ended 31 December 2024 · Published summary of audited statements (summary) · final status not established

    Audit: Ernst & Young (named); no auditor's opinion on the full statements in this document · no signature page in this document

    Final status: Abridged results of First Capital Bank Limited; the board report closes 'By Order of the Board, Sarudzai Binha, Company Secretary, 28 April 2025' (typeset, PDF p2). The file appends (pp12-15) Ernst & Young's report, signed and dated 28 April 2025 (page image p15), on the ZWG 'Translated Financial Report' (pages 10 to 84 of that report), a special-purpose translation; that report is not on this summary nor on the USD supplementary statements transcribed here. The USD general-purpose IFRS statements carry a separate EY report dated 28 April 2025 (cited on p13, not printed). No board approval date for the statements is printed.

    Document date
    28 Apr 2025
    Auditor's report
    date not found in this document
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024
    Basis
    consolidated statements · USD thousands (printed “US$000”)
    • The issuer presents its abridged statements in ZWG (note 2.4, p3: presentation currency ZWG; functional currency USD). This spec transcribes the USD supplementary statements (p11) to match the USD FY2025 filing; the ZWG figures (e.g. profit for the year ZWG000 356 838) are not transcribed.
    • The 2023 comparatives in S1 and S4 are headed 'Restated' (note 3: functional-currency change re-dated from 1 January 2023 to 31 December 2023; IAS 29 applied to 30 December 2023). The FY2025 publication later restates these 2024 USD figures for an error (FY2025 note 3: profit for the year 21 964 to 19 837).
    • Earnings per share printed in US cents (basic 1.02, 2023: 1.38; diluted 1.02, 2023: 1.37; p11).
    • No auditor's report on the summary is printed. The summary states (p2, 'Audit Opinion'): 'These abridged audited financial results have been extracted from the complete set of financial statements for the year ended 31 December 2024 which have been audited by ERNST & YOUNG. An unmodified audit opinion was issued thereon. ... The audit report ... is appended to these results.' The appended report (pp12-15) is on the ZWG Translated Financial Report: 'In our opinion, the accompanying Translated Financial Report of First Capital Bank Limited as at 31 December 2024 are prepared in all material respects, in accordance with the Regulatory Notice Number: SECZ070325 ...' (p12), signed Ernst & Young, Harare, 28 April 2025 (p15).
    • Primary abridged statements in ZWG thousands (Translated Financial Report): statement of profit or loss and OCI and statement of financial position (p2), changes in equity and cash flows (p3), notes (pp3-11). USD 'Supplementary information' S1-S4 (p11): profit or loss and OCI, financial position, changes in equity, cash flows, 'provided to comply with the requirements of the Victoria Falls Stock Exchange listing requirements to publish financial information in USD' (p11). Only the USD S1, S2 and S4 are transcribed; company (separate) statements are not printed.
    Technical details
    File
    15 pages, with a text layer
    SHA-256
    49148e5673f7489e1402b01a5a27e80ac3d998e1d29ac8d8f67723a5981f0ba3
    Entity as printed
    First Capital Bank Limited and its subsidiary (the Group), registration number 148/1981
    Exchange copy
    retrieved 2026-10-08T18:04:09Z

  • Audited Financial Results for the year ended 31 December 2023

    Year ended 31 December 2023 · Published summary of audited statements (summary) · signed / final

    Audit: Deloitte & Touche (Zimbabwe), unmodified opinion · signed

    Auditor's sign-off: Deloitte & Touche, per Lawrence Nyajeka, Partner, Registered Auditor, PAAB Practice Certificate Number 0598

    Final status: Deloitte & Touche's 'Independent Auditor's Report on the Abridged Financial Statements' (ISA 810 (Revised)) covers the abridged consolidated statements of financial position, profit or loss and OCI, changes in equity and cash flows (PDF p15) and is signed 'Deloitte & Touche' (signature image), per Lawrence Nyajeka, Partner, PAAB 0598, Zimbabwe, 26 March 2024 (PDF p16, page image). The ZWL 'Historical unaudited' columns are stated as unaudited supplementary information (note 2.4.2). No board approval date is printed.

    Document date
    26 Mar 2024
    Auditor's report
    26 Mar 2024
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023, FY2022
    Basis
    consolidated statements · USD thousands (printed “USD000”)
    • Cash-flow footnotes (p5): '*Prior year numbers were restated to disclose separately interest received, paid and accrued' and '**... to disclose separately effects of exchange rate movement' (note 12.1); the USD 2022 column is not headed 'Restated' (only the ZWL 2022 column is). The responsibilities paragraph of the auditor's report refers to 'abridged inflation adjusted financial statements' (p16), although the audited columns are USD historical cost.
    • Earnings per share printed in US cents (basic 0.49, 2022: 0.57; diluted 0.49, 2022: 0.56; p4). Functional currency changed from ZWL to USD with effect from 1 January 2023 (note 2.4.1); 2022 USD comparatives are IAS 29 figures translated at the 31 December 2022 rate (note 2.4.2).
    • Independent Auditor's Report on the Abridged Financial Statements (pp15-16): 'In our opinion, the abridged consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements of First Capital Bank Limited, in accordance with the requirements of the Victoria Falls Stock Exchange requirements for abridged financial statements, and the requirements of the Banking Act as applicable to abridged financial statements.' The report states an unqualified opinion was expressed on the full statements in a report dated 26 March 2024 (p15). Signed Deloitte & Touche, per Lawrence Nyajeka, 26 March 2024 (p16).
    • Abridged consolidated statements: profit or loss and OCI, financial position and changes in equity (p4), cash flows (p5), selected notes (pp5-14), each in audited USD000 columns beside 'Historical unaudited' ZWL000 columns. Condensed lines (net fee and commission income only; operating expenses as one line). Separate (company) statements are not printed. Only the USD profit or loss, financial position and cash flows are transcribed.
    Technical details
    File
    16 pages, with a text layer
    SHA-256
    315982cb22905676248ba9a9d9186627aeed4ba25acf55db875ef8582b6f9589
    Entity as printed
    First Capital Bank Limited and its subsidiary Thulile (Private) Limited (the Group), registration number 148/1981
    Exchange copy
    retrieved 2026-10-08T18:04:42Z

Data notes

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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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