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MCB Group

No ticker printed · Stock Exchange of Mauritius · Consolidated statements

On this page
Company details
Legal name
MCB Group Limited
Listing
No ticker printed on the Stock Exchange of Mauritius, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 June

Overview

Year ended 30 June 2026 · audited financial statements, signed / final · source

  • Net interest income

    MUR 30.2 billion

    30,229 MUR millions · p8

    +11.7% vs 2025

    Interest income less interest expense, as printed.

  • Operating income

    MUR 47.1 billion

    47,052 MUR millions · p8

    +11.6% 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

    MUR 20.3 billion

    20,311 MUR millions · p8

    +12.8% vs 2025

  • Total assets

    MUR 1.28 trillion

    1,283,413 MUR millions · p7

    +27.4% vs 2025

  • Customer deposits

    MUR 881 billion

    881,015 MUR millions · p7

    +21.4% vs 2025

  • Total equity

    MUR 137 billion

    137,330 MUR millions · p7

    +13.3% vs 2025

Large amounts are rounded for reading (MUR 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 MUR millions 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 — audited financial statements, signed / final; reported for the year · source
  • FY to 30 Jun 2025 — audited financial statements, signed / final; comparative in the FY to 30 Jun 2026 filing · source
  • FY to 30 Jun 2024 — annual report, signed / final; comparative in the FY to 30 Jun 2025 filing · source

Income statement

Income statement, MUR millions. Columns: FY to 30 Jun 2026 — audited financial statements (signed / final), as reported for the year; FY to 30 Jun 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Audited financial statementsreported for the yearFY to 30 Jun 2025Audited financial statementscomparative in FY to 30 Jun 2026 filingFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Interest income using the effective interest method 54,804 49,037 45,617
Interest expense (24,575) (21,985) (21,378)
Net interest income 30,229 27,052 24,239
Fee and commission income 12,937 12,2181 11,309
Fee and commission expense (4,074) (3,757) (3,758)
Net fee and commission income 8,863 8,4612 7,551
Net trading income 6,719 5,0403 4,220
Net (loss)/gain from equity financial instruments carried at fair value through profit or loss45 (306) 471 336
Dividend income6 199 191 136
Other operating income 1,348 945 769
Other income (unlabelled subtotal)7 7,960 6,6478 5,220
Operating income 47,052 42,160 37,010
Salaries and human resource costs (9,846) (8,706) (7,415)
Depreciation of property, plant and equipment9 (1,034) (935) (889)
Amortisation of intangible assets (769) (701) (702)
Other (6,278) (5,405) (4,581)
Non-interest expense (unlabelled subtotal) (17,927) (15,747) (13,587)
Operating profit before impairment 29,125 26,413 23,423
Impairment charge (2,330) (3,505) (3,684)
Operating profit 26,795 22,908 19,739
Share of profit of associates 798 34 582
Profit before tax 27,593 22,942 20,321
Income tax expense (7,282) (4,932) (4,126)
Profit for the year 20,311 18,010 16,195
Non-controlling interests10 197 (55) 150
Other comprehensive income for the year 834 (255) 1,039
Total comprehensive income for the year 21,145 17,755 17,234
Loss on disposal of associate11 Not reported in this filing12 Not reported in this filing1413 (241)
Notes and alternative reported figures (14)
  1. Annual report dated 2025-09-26 prints 12,200 (millions, p205) for this line and year.
  2. Annual report dated 2025-09-26 prints 8,443 (millions, p205) for this line and year.
  3. Annual report dated 2025-09-26 prints 5,058 (millions, p205) for this line and year.
  4. “Net (loss)/gain from equity financial instruments carried at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Statement of profit or loss line, no note reference.
  5. Printed under different labels across filings: “Net (loss)/gain from equity financial instruments carried at fair value through profit or loss”; “Net gain from equity financial instruments carried at fair value through profit or loss”.
  6. “Dividend income” is an issuer-specific line, not mapped to a shared definition: Note 29.
  7. “Other income (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of net trading income, the FVTPL equity result, dividend income and other operating income.
  8. Annual report dated 2025-09-26 prints 6,665 (millions, p205) for this line and year.
  9. “Depreciation of property, plant and equipment”: mapping to a shared definition is uncertain. Printed 'Depreciation of property, plant and equipment'; note 12 includes right-of-use assets in property, plant and equipment.
  10. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Attribution of profit.
  11. “Loss on disposal of associate” is an issuer-specific line, not mapped to a shared definition: FY2025 document: statement of profit or loss line within the unlabelled other-income subtotal (2025 printed '-').
  12. Not reported in this filing: Not reported in this filing: the consolidated statement of profit or loss (p8) has no 'Loss on disposal of associate' line in either column; its associate line is 'Share of profit of associates' 798 (2025: 34). The statement of comprehensive income (p9) and the cash-flow adjustments (p12) print no such line either, and the label is not found anywhere in the document. Checked on the page image (p8).
  13. Annual report dated 2025-09-26 presents this line for this year: - (p205). Not shown in this column, which follows one filing's presentation.
  14. Not reported in this filing: Not reported in this filing: the consolidated statement of profit or loss (p8) has no 'Loss on disposal of associate' line in the 2025 comparative column (or the 2026 column); its associate line is 'Share of profit of associates' 34 for 2025. The label is not found anywhere in the document. Checked on the page image (p8).

Balance sheet

Balance sheet, MUR millions. Columns: FY to 30 Jun 2026 — audited financial statements (signed / final), as reported for the year; FY to 30 Jun 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Audited financial statementsreported for the yearFY to 30 Jun 2025Audited financial statementscomparative in FY to 30 Jun 2026 filingFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Cash and cash equivalents 218,255 136,864 94,508
Mandatory balances with Central Banks1 49,699 45,926 Not reported in this filing2
Derivative financial instruments 4,157 3,748 2,077
Loans to and placements with banks 35,698 30,508 12,742
Loans and advances to customers 499,667 391,118 399,161
Investment securities 426,154 355,436 345,677
Investments in associates and joint venture 13,960 13,276 13,102
Investments in subsidiaries3 –4 –4 –4
Investment properties 5,666 5,552 5,305
Goodwill and other intangible assets5 3,662 3,427 3,144
Property, plant and equipment 8,297 8,060 7,611
Deferred tax assets 5,239 4,845 4,118
Other assets 12,959 8,2346 50,548
Total assets 1,283,413 1,006,994 938,747
Deposits from banks 40,410 14,811 35,944
Deposits from customers 881,015 725,562 672,464
Derivative financial instruments 4,330 4,071 1,996
Other borrowed funds 146,151 86,761 66,579
Debt securities7 36,935 17,543 18,342
Subordinated liabilities8 6,997 6,707 7,057
Preference shares9 846 943 1,621
Current tax liabilities 3,264 2,751 2,864
Deferred tax liabilities 798 651 548
Post employment benefit liability 757 456 –10
Other liabilities 24,580 25,484 24,317
Total liabilities 1,146,083 885,740 831,732
Stated capital 11,476 9,546 6,975
Retained earnings 106,355 93,116 82,170
Other components of equity 15,783 15,041 14,114
Equity attributable to the equity holders of the parent 133,614 117,703 103,259
Non-controlling interests 3,716 3,551 3,756
Total equity 137,330 121,254 107,015
Total equity and liabilities 1,283,413 1,006,994 938,747
Post employment benefit asset11 Not reported in this filing12 Not reported in this filing1413 754
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (12)
  1. “Mandatory balances with Central Banks” is an issuer-specific line, not mapped to a shared definition: No note reference.
  2. Not reported in this filing: Not reported separately on the face of the FY2025 statement of financial position (p204), which has no 'Mandatory balances with Central Banks' line: included in 'Other assets' (note 14) 50,548 for 2024; note 14 (p291, text layer) itemises 'Mandatory balances with Central Banks' 41,295 within it. The component is not a statement line in this document. Statement checked on the page image (p204).
  3. “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 9: dash in the Group columns.
  4. “Goodwill and other intangible assets”: mapping to a shared definition is uncertain. Printed 'Goodwill and other intangible assets' (note 11): goodwill included.
  5. Annual report dated 2025-09-26 prints 54,160 (millions, p204) for this line and year.
  6. “Debt securities” is an issuer-specific line, not mapped to a shared definition: Note 17: debt securities in issue (liability).
  7. “Subordinated liabilities” is an issuer-specific line, not mapped to a shared definition: Note 18.
  8. “Preference shares” is an issuer-specific line, not mapped to a shared definition: Note 19: presented as a liability.
  9. “Post employment benefit asset” is an issuer-specific line, not mapped to a shared definition: Note 20 (FY2025 document; 2025 printed '-').
  10. Not reported in this filing: Not reported in this filing: the FY2026 consolidated statement of financial position (p7) has no 'Post employment benefit asset' line in either column; the only post-employment line is the liability 'Post employment benefit liability' 757 (2025: 456). p7 has no stored text layer; read on the page image.
  11. Annual report dated 2025-09-26 presents this line for this year: - (p204). Not shown in this column, which follows one filing's presentation.
  12. Not reported in this filing: Not reported in this filing: the FY2026 statement of financial position (p7) prints no 'Post employment benefit asset' line for the 2025 comparative column (the FY2025 report printed '-' on that line for 2025); the only post-employment line on p7 is 'Post employment benefit liability' 456 for 2025. p7 has no stored text layer; read on the page image.

Cash flow

Cash flow, MUR millions. Columns: FY to 30 Jun 2026 — audited financial statements (signed / final), as reported for the year; FY to 30 Jun 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Audited financial statementsreported for the yearFY to 30 Jun 2025Audited financial statementscomparative in FY to 30 Jun 2026 filingFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Operating cash flow before changes in operating assets and liabilities (unlabelled subtotal)1 32,278 28,477 26,877
Changes in operating assets and liabilities (unlabelled subtotal)2 55,649 9,692 55,442
Purchase of investments at fair value through other comprehensive income3 (29,508) (23,813) (778)
Proceeds from sale of investments at fair value through other comprehensive income4 29,260 19,053 561
Dividends received from associates5 532 343 501
Dividends paid to ordinary shareholders (4,898) (4,164) (3,754)
Dividends paid to non-controlling interests in subsidiaries6 (36) (40) (43)
Income tax paid (6,862) (5,441) (5,342)
Other operating cash items (unlabelled subtotal)7 (11,512) (14,062) (8,855)
Net cash flows from operating activities 76,415 24,107 73,464
Purchase of property, plant and equipment (1,311) (1,364) (910)
Purchase of intangible assets (1,001) (1,031) (1,052)
Proceeds from sale of property, plant and equipment 308 7 14
Investment in subsidiary8 –9 –9 –9
Investment in joint venture10 (21) –9 Not reported in this filing11
Net subordinated loan received from /(granted to) subsidiaries1213 –9 –9 –9
Increase in investment securities at amortised cost14 (71,434) (3,187) (75,898)
Net cash flows from investing activities (73,459) (5,575) (77,846)
Employee share options exercised15 85 202 114
Share buy back by subsidiary16 (149) –17 Not reported in this filing18
Issue of debt securities19 17,922 –17 2,484
Increase in other borrowed funds2021 60,362 24,015 (22,987)
Repayment of lease liabilities22 (205) (203) (84)
Net cash flows from financing activities 78,015 24,014 (21,848)
Increase/(decrease) in cash and cash equivalents23 80,971 42,546 (26,230)
Net cash and cash equivalents at the beginning of the year24 136,817 94,377 120,409
Effect of foreign exchange rate changes 537 (106) 198
Net cash and cash equivalents at 30 June 218,325 136,817 94,377
Net refund of subordinated liabilities25 Not reported in this filing26 Not reported in this filing2827 (1,375)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (26)
  1. “Operating cash flow before changes in operating assets and liabilities (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of operating profit and the adjustments for non-cash items.
  2. “Changes in operating assets and liabilities (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the 'Changes in:' block (mandatory balances, other assets and liabilities, derivatives, FVTPL securities, deposits, loans and advances).
  3. “Purchase of investments at fair value through other comprehensive income” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  4. “Proceeds from sale of investments at fair value through other comprehensive income” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  5. “Dividends received from associates” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  6. “Dividends paid to non-controlling interests in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  7. “Other operating cash items (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the FVOCI purchases and sales, dividends received and paid and income tax paid, all presented in operating activities.
  8. “Investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing activities: dash in the Group columns.
  9. “Investment in joint venture” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  10. Not reported in this filing: Not reported in this filing: the FY2025 consolidated statement of cash flows (p209) has no 'Investment in joint venture' line in either column; its investing lines are 'Placement with bank', 'Purchase of property, plant and equipment', 'Purchase of intangible assets', 'Proceeds from sale of property, plant and equipment', 'Investment in subsidiary', 'Net subordinated loan granted to subsidiaries' and 'Increase in investment securities at amortised cost'. Checked on the page image (p209).
  11. “Net subordinated loan received from /(granted to) subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities: dash in the Group columns.
  12. Printed under different labels across filings: “Net subordinated loan granted to subsidiaries”; “Net subordinated loan received from /(granted to) subsidiaries”.
  13. “Increase in investment securities at amortised cost” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  14. “Employee share options exercised” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 22.
  15. “Share buy back by subsidiary” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  16. Not reported in this filing: Not reported in this filing: the FY2025 consolidated statement of cash flows (p209) has no 'Share buy back by subsidiary' line; its financing lines are 'Employee share options exercised', 'Issue of debt securities', 'Increase/(Decrease) in other borrowed funds', 'Repayment of lease liabilities' and 'Net refund of subordinated liabilities'. Checked on the page image (p209).
  17. “Issue of debt securities” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  18. “Increase in other borrowed funds” is an issuer-specific line, not mapped to a shared definition: Financing activities: a net increase, not gross proceeds.
  19. Printed under different labels across filings: “Increase in other borrowed funds”; “Increase/(Decrease) in other borrowed funds”.
  20. “Repayment of lease liabilities”: mapping to a shared definition is uncertain. Printed 'Repayment of lease liabilities'; the statement does not say whether interest is included.
  21. Printed under different labels across filings: “Increase/(Decrease) in cash and cash equivalents”; “Increase/(decrease) in cash and cash equivalents”.
  22. Printed under different labels across filings: “Net cash and cash equivalents at beginning of the year”; “Net cash and cash equivalents at the beginning of the year”.
  23. “Net refund of subordinated liabilities” is an issuer-specific line, not mapped to a shared definition: Financing activities (FY2025 document; 2025 printed '-').
  24. Not reported in this filing: Not reported in this filing: the FY2026 consolidated statement of cash flows (p12) has no 'Net refund of subordinated liabilities' line in either column; its financing lines are 'Employee share options exercised', 'Share buy back by subsidiary', 'Issue of debt securities', 'Increase in other borrowed funds' and 'Repayment of lease liabilities'. ('Net subordinated loan received from /(granted to) subsidiaries' is an investing line with company-column figures only.) Checked on the page image (p12).
  25. Annual report dated 2025-09-26 presents this line for this year: - (p209). Not shown in this column, which follows one filing's presentation.
  26. Not reported in this filing: Not reported in this filing: the FY2026 cash-flow statement (p12) prints no 'Net refund of subordinated liabilities' line for the 2025 comparative (the FY2025 report printed '-' on that line for 2025). Checked on the page image (p12).

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2026 — audited financial statements (signed / final), as reported for the year; FY to 30 Jun 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 30 Jun 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Audited financial statementsreported for the yearFY to 30 Jun 2025Audited financial statementscomparative in FY to 30 Jun 2026 filingFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing
Earnings / (loss) per share (per share)21 76.55 70.15 63.69
Profit / (loss) attributable to shareholders (MUR millions)3 20,114 18,065 16,045
Notes and alternative reported figures (3)
  1. “Basic (Rs)”: mapping to a shared definition is uncertain. Basic EPS (Rs); diluted EPS is printed apart (76.54; 2025: 70.13) and recorded as an issuer-native concept.
  2. Earnings / (loss) per share: printed as “Basic (Rs)”.
  3. Profit / (loss) attributable to shareholders: printed as “Ordinary equity holders of the parent”.

Segments

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

Dividends

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

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
30 Jun 2026 Dividends paid (cash flow statement) Dividends paid to ordinary shareholders (4,898) MUR millions Audited financial statements, p12
30 Jun 2025 Dividends paid (cash flow statement) Dividends paid to ordinary shareholders (4,164) MUR millions Audited financial statements, p12
30 Jun 2024 Dividends paid (cash flow statement) Dividends paid to ordinary shareholders (3,754) MUR millions Annual report, p209

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.

  • MCB Group Limited Consolidated and Separate Financial Statements Year ended 30 June 2026

    Year ended 30 June 2026 · Audited financial statements · signed / final

    Audit: Deloitte (Mauritius), unmodified opinion · signed

    Auditor's sign-off: Deloitte, Chartered Accountants; Vishal Agrawal, FCA, Licensed by FRC

    Final status: Independent auditor's report to the Shareholders of MCB Group Limited (scanned, PDF pp2-5): handwritten 'Deloitte' signature over 'Deloitte, Chartered Accountants, 28 September 2026' and a handwritten signature over 'Vishal Agrawal, FCA, Licensed by FRC' (PDF p5, page image). The statements were approved by the Board and authorised for issue on 28 September 2026, with handwritten signatures of three directors (Jean Michel Ng Tseung, Jayananda Nirsimloo, San T. Singaravelloo) (PDF p7, page image).

    Document date
    28 Sep 2026
    Auditor's report
    28 Sep 2026
    Board approval
    28 Sep 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2026, FY to 30 Jun 2025
    Basis
    consolidated statements · MUR millions (printed “RS'M”)
    • Dividends paid to ordinary shareholders and to non-controlling interests, dividends received from associates and purchases and sales of FVOCI investments are presented within operating activities (p12).
    • Net cash and cash equivalents at 30 June in the statement of cash flows (218,325; 2025: 136,817, note 4) differ from 'Cash and cash equivalents' in the statement of financial position (218,255; 2025: 136,864). Note 4 (p65) reconciles them through the credit-impairment allowance (74; 2025: 83) and other borrowed funds (4; 2025: 130); kept as printed, the note is not transcribed.
    • Statement of financial position ordered by liquidity: no current / non-current subtotals.
    Technical details
    File
    106 pages, with a text layer
    SHA-256
    04313dfa98614be0f6ccca8f51596e2c4cb37c9537cc6570facfdca610eb51c3
    Entity as printed
    MCB Group Limited (the 'Company') and its subsidiaries (the 'Group')
    Issuer copy
    retrieved 2026-10-08T19:13:28Z
  • MCB Group Limited Annual Report 2025

    Year ended 30 June 2025 · Annual report · signed / final

    Audit: Deloitte (Mauritius), unmodified opinion · signed

    Auditor's sign-off: Deloitte, Chartered Accountants; Vishal Agrawal, FCA, Licensed by FRC

    Final status: Independent auditor's report to the Shareholders of MCB Group Limited (PDF pp198-202): handwritten 'Deloitte' signature over 'Deloitte, Chartered Accountants, 26 September 2025' and a handwritten signature over 'Vishal Agrawal, FCA, Licensed by FRC' (PDF p202, page image). The statements were approved by the Board of Directors and authorised for issue on 26 September 2025, with handwritten signatures of three directors (Jean Michel Ng Tseung, Jayananda Nirsimloo, San T. Singaravelloo) (PDF p204, page image).

    Document date
    26 Sep 2025
    Auditor's report
    26 Sep 2025
    Board approval
    26 Sep 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2024
    Basis
    consolidated statements · MUR millions (printed “RS'M”)
    • Dividends paid to ordinary shareholders and to non-controlling interests, dividends received from associates and purchases and sales of FVOCI investments are presented within operating activities (p209).
    • Net cash and cash equivalents at 30 June in the statement of cash flows (136,817; 2024: 94,377, note 4) differ from 'Cash and cash equivalents' in the statement of financial position (136,864; 2024: 94,508); the reconciliation in note 4 is not transcribed.
    • Statement of financial position ordered by liquidity: no current / non-current subtotals. Unlike the FY2026 statements, no separate 'Mandatory balances with Central Banks' line is printed (p204).
    • Annual Report 2025: strategic, governance and risk sections precede the auditor's report (PDF pp198-202) and the consolidated and separate financial statements (PDF pp204-315).
    Technical details
    File
    325 pages, with a text layer
    SHA-256
    e19c206b6fcb4aed4b4f6a84c54246878a7e8ec6a8b52af118892190c654ece2
    Entity as printed
    MCB Group Limited (the 'Company') and its subsidiaries (the 'Group')
    Issuer copy
    retrieved 2026-10-08T19:13:30Z

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; matched to OCR text of the page image; read from the page image) (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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