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FirstRand Namibia
On this page
Company details
- Legal name
- FirstRand Namibia Limited
- Listing
- FNB on the Namibian Stock Exchange, active (observed 2026-10-06)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 30 June
Overview
Year ended 30 June 2026 · annual report, signed / final · source
Read with these figures
- Auditor's emphasis of matter. Key audit matter: valuation of expected credit losses on advances (PDF pp3-5).
Full wording and sources
Auditor's emphasis of matter
Key audit matter: valuation of expected credit losses on advances (PDF pp3-5). It does not modify the opinion.
Source: FirstRand Namibia Annual Financial Statements 2026 (dated 2026-09-09)
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Net interest income
NAD 3.67 billion
3,670,814 NAD thousands · p23
+9.4% vs 2025
Interest income less interest expense, as printed.
-
Income from operations
NAD 6.18 billion
6,184,123 NAD thousands · p23
+12.2% vs 2025
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
NAD 2.15 billion
2,146,115 NAD thousands · p23
+12.2% vs 2025
-
Total assets
NAD 63.1 billion
63,114,508 NAD thousands · p24
+12.2% vs 2025
-
Customer deposits
NAD 52.1 billion
52,130,611 NAD thousands · p24
+14.3% vs 2025
-
Total equity
NAD 7.93 billion
7,928,500 NAD thousands · p24
+10.9% vs 2025
Large amounts are rounded for reading (NAD 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 NAD 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
- FY to 30 Jun 2026 — annual report, signed / final; reported for the year · source
- FY to 30 Jun 2025 — annual report, signed / final; comparative in the FY to 30 Jun 2026 filing · source
Income statement
| Line (as printed) | FY to 30 Jun 2026Annual reportreported for the year | FY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filing |
|---|---|---|
| Interest and similar income | 5,692,575 | 5,856,001 |
| Interest expense and similar charges | (2,021,761) | (2,500,842) |
| Net interest income before impairment of advances | 3,670,814 | 3,355,159 |
| Impairment and fair value of credit on advances | (248,840) | (527,432) |
| Net interest income after impairment of advances1 | 3,421,974 | 2,827,727 |
| Non-interest revenue | 2,777,872 | 2,702,035 |
| – Net fee and commission income | 2,381,631 | 2,266,201 |
| – Commissions received | 2,822,344 | 2,623,797 |
| – Fees charged | (440,713) | (357,596) |
| – Fair value gains2 | 284,327 | 310,061 |
| – Gains less losses from investing activities3 | 69,903 | 61,201 |
| – Other non-interest revenue4 | 42,011 | 64,572 |
| Insurance service result | (15,723) | (16,096) |
| – Insurance service result before reinsurance contracts held5 | (19,609) | (12,770) |
| – Insurance revenue | 198,219 | 177,569 |
| – Insurance service expense | (217,828) | (190,339) |
| – Net income/(expense) from reinsurance contracts held | 3,886 | (3,326) |
| – Allocation of reinsurance premiums6 | (25,057) | (22,028) |
| – Amounts recoverable from reinsurers for incurred claims7 | 28,943 | 18,702 |
| Income from operations | 6,184,123 | 5,513,666 |
| Operating expenses | (3,121,247) | (2,799,324) |
| Net income from operations | 3,062,876 | 2,714,342 |
| Share of profit of associates after tax | 8,410 | 18,409 |
| Income before indirect tax8 | 3,071,286 | 2,732,751 |
| Indirect tax9 | (61,413) | (61,942) |
| Profit before income tax | 3,009,873 | 2,670,809 |
| Income tax expense | (863,758) | (758,843) |
| Profit for the year | 2,146,115 | 1,911,966 |
| FVOCI debt reserve10 | 72 | –11 |
| Gain arising during the year12 | 103 | –13 |
| Deferred income tax14 | (31) | –13 |
| Loss arising during the year15 | (9,576) | –16 |
| Remeasurements on net defined benefit post-employment plan17 | (6,392) | (2,446) |
| Deferred income tax18 | 1,918 | 758 |
| Total items that may not be subsequently reclassified to profit or loss19 | (14,050) | (1,688) |
| Other comprehensive loss for the year net of taxation | (13,978) | (1,688) |
| Total comprehensive income for the year | 2,132,137 | 1,910,278 |
- Printed “–”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
- Printed “–”, read as nil: subtotal_arithmetic: is.native.co_p1gbb33z7xa2.oci_fvoci_debt_reserve.
- Printed “–”, read as nil: subtotal_arithmetic: is.native.co_p1gbb33z7xa2.oci_not_reclassified.
Notes and alternative reported figures (16)
- “Net interest income after impairment of advances” is an issuer-specific line, not mapped to a shared definition: Net interest income less impairment and fair value of credit on advances (printed subtotal).
- “– Fair value gains” is an issuer-specific line, not mapped to a shared definition: Note 2: fair value gains, within non-interest revenue.
- “– Gains less losses from investing activities” is an issuer-specific line, not mapped to a shared definition: Note 2, within non-interest revenue.
- “– Other non-interest revenue” is an issuer-specific line, not mapped to a shared definition: Note 2, within non-interest revenue.
- “– Insurance service result before reinsurance contracts held” is an issuer-specific line, not mapped to a shared definition: Insurance revenue less insurance service expense (printed subtotal).
- “– Allocation of reinsurance premiums” is an issuer-specific line, not mapped to a shared definition: Note 5, within net income/(expense) from reinsurance contracts held.
- “– Amounts recoverable from reinsurers for incurred claims” is an issuer-specific line, not mapped to a shared definition: Note 5, within net income/(expense) from reinsurance contracts held.
- “Income before indirect tax” is an issuer-specific line, not mapped to a shared definition: Net income from operations plus share of profit of associates (printed subtotal).
- “Indirect tax” is an issuer-specific line, not mapped to a shared definition: Note 8: indirect tax (VAT and similar), deducted before profit before income tax.
- “FVOCI debt reserve” is an issuer-specific line, not mapped to a shared definition: Items that may be subsequently reclassified: movement on the FVOCI debt reserve, net of deferred tax (printed subtotal).
- “Gain arising during the year” is an issuer-specific line, not mapped to a shared definition: Within the FVOCI debt reserve movement.
- “Deferred income tax” is an issuer-specific line, not mapped to a shared definition: Note 22, within the FVOCI debt reserve movement.
- “Loss arising during the year” is an issuer-specific line, not mapped to a shared definition: Note 14: FVOCI equity reserve, not reclassified to profit or loss.
- “Remeasurements on net defined benefit post-employment plan” is an issuer-specific line, not mapped to a shared definition: Note 26, not reclassified to profit or loss.
- “Deferred income tax” is an issuer-specific line, not mapped to a shared definition: Note 22, on items not reclassified to profit or loss.
- “Total items that may not be subsequently reclassified to profit or loss” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
Balance sheet
| Line (as printed) | FY to 30 Jun 2026Annual reportreported for the year | FY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filing |
|---|---|---|
| Cash and cash equivalents | 2,384,418 | 3,080,121 |
| Due from banks and other financial institutions | 3,033,374 | 2,194,326 |
| Derivative financial instruments | 50,227 | 943,324 |
| Investment securities | 13,252,738 | 9,479,281 |
| Advances | 42,814,021 | 39,222,377 |
| Other assets | 481,853 | 331,417 |
| Non-current assets held for sale1 | –2 | 55,040 |
| Reinsurance assets | 13,851 | 7,891 |
| Investment in associate | 26,819 | 18,409 |
| Property and equipment | 1,008,991 | 883,058 |
| Intangible assets | 19,537 | 32,427 |
| Deferred tax asset | 28,679 | 26,816 |
| Total assets | 63,114,508 | 56,274,487 |
| Short trading position3 | 32,199 | 16,682 |
| Derivative financial instruments | 59,558 | 984,517 |
| Creditors and accruals4 | 1,368,442 | 962,299 |
| Current tax liability | 93,172 | 82,198 |
| Deposits and current accounts | 52,130,611 | 45,604,098 |
| Due to banks and other financial institutions | 281,844 | 254,954 |
| Employee liabilities5 | 344,057 | 312,153 |
| Other liabilities | 81,215 | 105,812 |
| Insurance liabilities | 76,799 | 66,954 |
| Tier 2 liabilities6 | 503,426 | 503,558 |
| Deferred tax | 214,685 | 233,968 |
| Total liabilities | 55,186,008 | 49,127,193 |
| Share capital | 1,335 | 1,335 |
| Share premium | 278,023 | 278,023 |
| Reserves | 46,880 | 2,915 |
| Retained earnings | 7,602,262 | 6,865,021 |
| Total equity | 7,928,500 | 7,147,294 |
| Total equity and liabilities | 63,114,508 | 56,274,487 |
- Printed “–”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (5)
- “Non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 18.
- “Short trading position” is an issuer-specific line, not mapped to a shared definition: Note 23.
- “Creditors and accruals” is an issuer-specific line, not mapped to a shared definition: Note 24.
- “Employee liabilities” is an issuer-specific line, not mapped to a shared definition: Note 26.
- “Tier 2 liabilities” is an issuer-specific line, not mapped to a shared definition: Note 29: subordinated Tier 2 debt instruments.
Cash flow
| Line (as printed) | FY to 30 Jun 2026Annual reportreported for the year | FY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filing |
|---|---|---|
| Profit before tax1 | 3,009,873 | 2,670,809 |
| – Share of profit from associates after tax2 | (8,410) | (18,409) |
| – Amortisation of intangibles3 | 19,297 | 21,903 |
| – Depreciation of property and equipment4 | 131,309 | 123,708 |
| – Bonus provision5 | 178,600 | 162,564 |
| – Impairment of other assets6 | 9,771 | 1,283 |
| – Share based payment expenses7 | 33,021 | 26,927 |
| – Impairment loss on advances excluding post write-off recoveries8 | 353,936 | 576,152 |
| – Provision post-employment benefit obligation9 | 4,771 | 3,979 |
| – Gains & losses from banking & trading activities10 | (287,254) | (315,691) |
| – Profit on sale of property and equipment11 | (1,238) | (2,423) |
| – Reversal of impairment of non-current asset held for sale12 | (1,780) | (2,040) |
| – Indirect tax13 | 61,413 | 61,942 |
| – Interest and similar income14 | (5,692,575) | (5,856,001) |
| – Interest and similar expenses15 | 2,021,761 | 2,500,842 |
| – Dividend income16 | (66,974) | (55,572) |
| Interest received | 5,740,339 | 5,905,262 |
| Interest paid17 | (1,969,640) | (2,384,356) |
| Dividend received18 | 65,238 | 49,881 |
| Taxation paid | (915,143) | (1,215,365) |
| Cash generated from operating activities | 2,686,315 | 2,255,395 |
| Movement in operating assets and liabilities19 | (1,801,455) | (1,679,246) |
| Due from banks and other financial institutions20 | (624,710) | 7,527,057 |
| Investment securities21 | (3,707,165) | (678,199) |
| Advances22 | (3,991,463) | (1,985,957) |
| Deposits23 | 6,474,028 | 912,590 |
| Other assets24 | (193,228) | (55,412) |
| Reinsurance assets25 | (5,960) | (1,979) |
| Employee liabilities26 | (151,467) | (140,011) |
| Short-term trading27 | 15,517 | (17,403) |
| Insurance liabilities28 | 9,845 | 22,604 |
| Other liabilities29 | (24,688) | (22,753) |
| Creditors and other payables30 | 396,329 | 171,486 |
| Due to bank and other financial institutions31 | 26,890 | (7,388,074) |
| Derivative financial instruments32 | (25,383) | (23,195) |
| Net cash from operating activities | 884,860 | 576,149 |
| Acquisition of property and equipment | (170,321) | (114,997) |
| Proceeds on disposal of property and equipment | 2,088 | 7,479 |
| Acquisition of intangible assets | (6,407) | (3,721) |
| Net cash from investing activities | (174,640) | (111,239) |
| Dividend paid | (1,350,931) | (994,869) |
| Payments on other liabilities33 | (31,286) | (31,286) |
| Payments on lease liabilities | (23,706) | (22,150) |
| Proceeds from the issue of tier 2 liabilities34 | –35 | 500,000 |
| Net cash from financing activities | (1,405,923) | (548,305) |
| Total cash movement for the year | (695,703) | (83,395) |
| Cash and cash equivalents at the beginning of the year | 3,080,121 | 3,163,516 |
| Cash and cash equivalents at the end of the year | 2,384,418 | 3,080,121 |
- Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (34)
- “Profit before tax” is an issuer-specific line, not mapped to a shared definition: Starting point of the operating cash flows (equal to profit before income tax in the statement of comprehensive income).
- “– Share of profit from associates after tax” is an issuer-specific line, not mapped to a shared definition: Note 19; adjustment within cash generated from operating activities.
- “– Amortisation of intangibles” is an issuer-specific line, not mapped to a shared definition: Note 21; adjustment.
- “– Depreciation of property and equipment” is an issuer-specific line, not mapped to a shared definition: Note 20; adjustment.
- “– Bonus provision” is an issuer-specific line, not mapped to a shared definition: Adjustment.
- “– Impairment of other assets” is an issuer-specific line, not mapped to a shared definition: Note 6; adjustment.
- “– Share based payment expenses” is an issuer-specific line, not mapped to a shared definition: Note 6; adjustment.
- “– Impairment loss on advances excluding post write-off recoveries” is an issuer-specific line, not mapped to a shared definition: Adjustment.
- “– Provision post-employment benefit obligation” is an issuer-specific line, not mapped to a shared definition: Adjustment.
- “– Gains & losses from banking & trading activities” is an issuer-specific line, not mapped to a shared definition: Adjustment.
- “– Profit on sale of property and equipment” is an issuer-specific line, not mapped to a shared definition: Note 2; adjustment.
- “– Reversal of impairment of non-current asset held for sale” is an issuer-specific line, not mapped to a shared definition: Note 2; adjustment.
- “– Indirect tax” is an issuer-specific line, not mapped to a shared definition: Note 8; adjustment.
- “– Interest and similar income” is an issuer-specific line, not mapped to a shared definition: Note 1; adjustment (removed, then interest received added).
- “– Interest and similar expenses” is an issuer-specific line, not mapped to a shared definition: Note 1; adjustment.
- “– Dividend income” is an issuer-specific line, not mapped to a shared definition: Note 2; adjustment.
- “Interest paid” is an issuer-specific line, not mapped to a shared definition: Interest paid on deposits and funding, within cash generated from operating activities.
- “Dividend received” is an issuer-specific line, not mapped to a shared definition: Within cash generated from operating activities.
- “Movement in operating assets and liabilities” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of the changes in operating assets and liabilities, within operating activities.
- “Due from banks and other financial institutions” is an issuer-specific line, not mapped to a shared definition: Note 12; operating asset movement.
- “Investment securities” is an issuer-specific line, not mapped to a shared definition: Note 14; operating asset movement.
- “Advances” is an issuer-specific line, not mapped to a shared definition: Note 15; operating asset movement.
- “Deposits” is an issuer-specific line, not mapped to a shared definition: Note 25; operating liability movement.
- “Other assets” is an issuer-specific line, not mapped to a shared definition: Note 17.
- “Reinsurance assets” is an issuer-specific line, not mapped to a shared definition: Note 28.
- “Employee liabilities” is an issuer-specific line, not mapped to a shared definition: Note 26.
- “Short-term trading” is an issuer-specific line, not mapped to a shared definition: Note 23.
- “Insurance liabilities” is an issuer-specific line, not mapped to a shared definition: Note 28.
- “Other liabilities” is an issuer-specific line, not mapped to a shared definition: Note 27.
- “Creditors and other payables” is an issuer-specific line, not mapped to a shared definition: Note 24.
- “Due to bank and other financial institutions” is an issuer-specific line, not mapped to a shared definition: Note 25.
- “Derivative financial instruments” is an issuer-specific line, not mapped to a shared definition: Note 13.
- “Payments on other liabilities” is an issuer-specific line, not mapped to a shared definition: Note 27, financing activities.
- “Proceeds from the issue of tier 2 liabilities” is an issuer-specific line, not mapped to a shared definition: Note 29, financing activities.
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.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 30 Jun 2026 | Dividends paid (cash flow statement) | Dividend paid |
(1,350,931) | NAD thousands | Annual report, p25 |
| 30 Jun 2025 | Dividends paid (cash flow statement) | Dividend paid |
(994,869) | NAD thousands | Annual report, p25 |
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.
-
FirstRand Namibia Annual Financial Statements 2026
Year ended 30 June 2026 · Annual report · signed / final
Audit: Ernst & Young Namibia (Registered Accountants and Auditors, Windhoek), unmodified opinion · signed
Auditor's sign-off: Ernst & Young Namibia, Per: Jaco Coetzee, Partner
Final status: Independent auditor's report signed with the handwritten firm signature 'Ernst & Young' for Ernst & Young Namibia (Registered Accountants and Auditors), Per: Jaco Coetzee, Partner, Windhoek, dated 09 September 2026 (PDF p6 left half, page image); the opinion (p3 right half) covers the consolidated and separate annual financial statements on pages 9 to 109 and 111 to 119. The statements were approved by the board on 20 August 2026 and hand-signed by ON Shikongo (Chairperson) and C Dempsey (CEO), Windhoek (PDF p3 left half, page image).
- Document date
- 9 Sep 2026
- Auditor's report
- 9 Sep 2026
- Board approval
- 20 Aug 2026
- Retrieved by us
- 17 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Jun 2026, FY to 30 Jun 2025
- Basis
- consolidated statements · NAD thousands (printed “N$'000”)
- Each PDF page holds two printed pages (folios N and N+1). The statement of financial position prints no current/non-current classification (p24). Interest received and paid, dividends received and taxation paid sit within 'Cash generated from operating activities', followed by the movement in operating assets and liabilities (p25). The cash-flow statement prints no foreign-exchange line.
- Earnings per share is printed in cents, basic and diluted together (803.5; 2025: 715.8, p23); stored in Namibia dollars with the printed figure and unit kept. Ordinary dividends declared: interim 221.77 and final 446.57 cents per share, total 668.34 (2025: 476.34) (directors' report, p6 right half); not transcribed.
Technical details
- File
- 68 pages, with a text layer
- SHA-256
30a485d6348239f9049653310102d52cab142c0553c33088722637ac48796ae3- Entity as printed
- FirstRand Namibia Limited ('the company') and its subsidiaries ('the group')
- Issuer copy
- retrieved 2026-10-17T13:52:42Z
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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