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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; matched to OCR text and compared cell by cell with the page image; read from the page image) (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

NBS Bank

NBS · Malawi Stock Exchange · Consolidated statements

On this page
Company details
Legal name
NBS Bank plc
Listing
NBS on the Malawi Stock Exchange, active · ISIN MWNBS0010105 (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 unsigned. The FY2025 figures come from it.
Full wording and sources

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

    An 'Independent auditor's report on summary consolidated and separate financial statements' (ISA 810 (Revised)) is printed, dated 04 March 2026, with the Grant Thornton logo and the typeset name 'Gordon Tembo, Chartered Accountant (Malawi), Partner, Blantyre, Malawi' but no visible signature (name_printed_unsigned; PDF p1, page image). The directors' signatures (V. Kumwenda, Chairman; H. Kalua, Director; T. Simwaka, CEO; E. Tembo, CFO) are shown, undated; the basis of preparation states the full statements were approved by the Board on 17 February 2026.

    Source: SUMMARY OF AUDITED CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (dated 2026-03-04)

  • 2025: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The summary consolidated and separate financial statements have been derived from the annual consolidated and separate financial statements which were approved by the Board of Directors on 17 February 2026, and are available on the Company's website, www.nbs.mw.' (basis of preparation, p1) 'In our opinion, the accompanying summary consolidated and separate financial statements are a fair summary of the audited consolidated and separate financial statements, in accordance with the basis described on the basis of preparation paragraph.' Independent auditor's report on the summary (ISA 810 (Revised)), Grant Thornton, Gordon Tembo, Partner, Blantyre, 04 March 2026; typeset name, no visible signature (PDF p1). It states 'We expressed an unmodified audit opinion on the audited consolidated and separate financial statements in our report dated 04 March 2026.' Summary consolidated and separate statements of profit or loss and OCI, changes in equity, cash flows and financial position, with regulatory disclosures (PDF p1). Condensed lines: the income statement prints one fees-and-other-income line and one operating-expenses line; no statement of comprehensive income detail beyond one fair-value item.

    Source: SUMMARY OF AUDITED CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (dated 2026-03-04)

  • Net interest income

    MWK 308 billion

    307,740 MWK millions · p1

    Change not shown.

    Interest income less interest expense, as printed.

  • Total operating income

    MWK 419 billion

    418,756 MWK millions · p1

    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

    MWK 150 billion

    150,422 MWK millions · p1

    Change not shown.

  • Total assets

    MWK 1.54 trillion

    1,541,248 MWK millions · p1

    Change not shown.

  • Customer deposits

    MWK 1.04 trillion

    1,043,907 MWK millions · p1

  • Total equity

    MWK 221 billion

    221,261 MWK millions · p1

    Change not shown.

Large amounts are rounded for reading (MWK 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 MWK 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

  • FY2025 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY2024 — annual report, signed / final; reported for the year · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, MWK millions. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Interest income 417,942 239,794.4071 111,896.109
Interest expense (110,202) (79,481.893)2 (44,202.272)
Net Interest Income3 307,740 160,312.5144 67,693.837
Fees and other non-interest income 111,016 Not reported in this filing65 Not reported in this filing6
Total operating income 418,756 205,506.947 102,644.256
Operating expenses8 (112,206) (75,843.116)9 (48,362.457)
Profit before impairment losses10 306,550 129,663.82411 54,281.799
Impairment provisions12 (38,409) (4,723.925)13 (4,561.096)
Profit before tax14 268,141 124,939.89915 49,720.703
Income tax expense (117,719) (51,948.949)16 (20,342.566)
Profit for the period17 150,422 72,990.9518 29,378.137
Net Fair value adjustments on Malawi Government treasury notes19 (507) (33.785)20 (40.222)
Total Comprehensive Income21 149,915 72,957.16522 29,337.915
Net fees commission and other charges23 Not reported in this filing24 8,917.133 7,350.679
Profit on foreign exchange transactions25 Not reported in this filing24 36,277.293 27,599.74
Personnel expenses Not reported in this filing26 (32,093.979) (23,695.064)
Recurrent expenditure on premises and Equipment27 Not reported in this filing26 (10,398.898) (6,027.124)
Depreciation and amortisation28 Not reported in this filing26 (6,136.791) (3,184.872)
Other operating expenses Not reported in this filing26 (25,489.327) (14,428.356)
Finance costs29 Not reported in this filing30 (1,724.121) (1,027.041)
Fair value adjustments on Malawi Government treasury notes31 Not reported in this filing32 (48.265) 205.956
Deferred tax on fair value adjustments on Malawi Government treasury notes33 Not reported in this filing32 14.48 (246.178)
Notes and alternative reported figures (33)
  1. Published summary of audited statements dated 2026-03-04 prints 239,794 (millions, p1) for this line and year.
  2. Published summary of audited statements dated 2026-03-04 prints (79,481) (millions, p1) for this line and year.
  3. Printed under different labels across filings: “Net Interest Income”; “Net interest income”.
  4. Published summary of audited statements dated 2026-03-04 prints 160,313 (millions, p1) for this line and year.
  5. Published summary of audited statements dated 2026-03-04 presents this line for this year: 45,194 (p1). Not shown in this column, which follows one filing's presentation.
  6. Not reported in this filing: Not printed: the statement of comprehensive income (p62) has no non-interest income total; it prints 'Net fees commission and other charges' and 'Profit on foreign exchange transactions' separately, then 'Total operating income'; text layer.
  7. Published summary of audited statements dated 2026-03-04 prints 205,507 (millions, p1) for this line and year.
  8. Printed under different labels across filings: “Operating expenditure”; “Operating expenses”.
  9. Published summary of audited statements dated 2026-03-04 prints (75,843) (millions, p1) for this line and year.
  10. Printed under different labels across filings: “Profit before impairment losses”; “Profit before loan impairment”.
  11. Published summary of audited statements dated 2026-03-04 prints 129,664 (millions, p1) for this line and year.
  12. Printed under different labels across filings: “Impairment provisions”; “Net impairment losses on financial assets”.
  13. Published summary of audited statements dated 2026-03-04 prints (4,724) (millions, p1) for this line and year.
  14. Printed under different labels across filings: “Profit before income tax expense”; “Profit before tax”.
  15. Published summary of audited statements dated 2026-03-04 prints 124,940 (millions, p1) for this line and year.
  16. Published summary of audited statements dated 2026-03-04 prints (51,949) (millions, p1) for this line and year.
  17. Printed under different labels across filings: “Profit for the period”; “Profit for the year”.
  18. Published summary of audited statements dated 2026-03-04 prints 72,991 (millions, p1) for this line and year.
  19. Printed under different labels across filings: “Net Fair value adjustments on Malawi Government treasury notes”; “Total other comprehensive income”.
  20. Published summary of audited statements dated 2026-03-04 prints (34) (millions, p1) for this line and year.
  21. Printed under different labels across filings: “Total Comprehensive Income”; “Total comprehensive income for the year”.
  22. Published summary of audited statements dated 2026-03-04 prints 72,957 (millions, p1) for this line and year.
  23. “Net fees commission and other charges”: mapping to a shared definition is uncertain. Printed 'Net fees commission and other charges' (note 26).
  24. Not reported in this filing: Not reported separately: included in 'Fees and other non-interest income' 111,016 (p1); the summary statement of profit or loss prints no fee/commission or foreign-exchange line; checked on the page image (p1, OCR page).
  25. “Profit on foreign exchange transactions”: mapping to a shared definition is uncertain. Printed 'Profit on foreign exchange transactions' (foreign exchange dealing income).
  26. Not reported in this filing: Not reported separately: included in 'Operating expenses' (112,206) (p1). The summary statement of profit or loss prints Interest income, Interest expense, Net Interest Income, Fees and other non-interest income, Total operating income, Operating expenses, Profit before impairment losses, Impairment provisions, Profit before tax, Income tax expense, Profit for the period; checked on the page image (p1, OCR page).
  27. “Recurrent expenditure on premises and Equipment” is an issuer-specific line, not mapped to a shared definition: Note 28(b).
  28. “Depreciation and amortisation” is an issuer-specific line, not mapped to a shared definition: Notes 13, 14 and 33: one line.
  29. “Finance costs”: mapping to a shared definition is uncertain. Printed 'Finance costs' (note 33, interest on lease liabilities) inside operating expenditure.
  30. Not reported in this filing: No finance costs line is printed in the summary statement of profit or loss (p1); its expense lines are 'Operating expenses' (112,206), 'Impairment provisions' (38,409) and 'Income tax expense' (117,719); checked on the page image (p1, OCR page).
  31. “Fair value adjustments on Malawi Government treasury notes” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, items that may be reclassified to profit or loss.
  32. Not reported in this filing: Not reported separately: the summary statement of other comprehensive income prints only one line, 'Net Fair value adjustments on Malawi Government treasury notes' (507) (p1), with no separate deferred tax line; checked on the page image (p1, OCR page).
  33. “Deferred tax on fair value adjustments on Malawi Government treasury notes” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, note 23.

Balance sheet

Balance sheet, MWK millions. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Cash and cash equivalents1 134,622 161,395.242 104,500.423
Trading assets 125,869 Not reported in this filing43 Not reported in this filing4
Placements with other institutions5 93,765 141,645.4856 85,328.881
Derivative financial assets 44,707 Not reported in this filing87 Not reported in this filing8
Government securities910 723,373 592,118.95111 282,314.925
Loans and advances to customers 349,933 234,941.97212 153,816.439
Financial investments13 131 Not reported in this filing1514 Not reported in this filing15
Other assets 17,561 20,267.69316 6,870.882
Intangible assets 14,895 15,258.00717 7,933.27618
Right-of-use assets 1,612 2,901.4919 2,580.53
Property and equipment 34,780 24,184.74820 14,240.35
Total Assets21 1,541,248 1,192,844.28622 657,716.406
Customer deposits 1,043,907 Not reported in this filing2423 Not reported in this filing24
Liabilities to financial institutions 87,862 251,219.59125 26,569.638
Derivative liabilities 45,043 Not reported in this filing2726 Not reported in this filing27
Long-term loans28 54,010 43,012.4529 8,492.574
Lease liabilities30 5,814 6,314.27531 4,810.591
Other liabilities 48,703 30,355.44232 19,863.392
Tax payable 30,944 16,505.9333 8,982.162
Deferred tax liability 3,704 6,607.65534 447.383
Total Liabilities35 1,319,987 1,080,749.42436 607,693.165
Share capital 1,455 1,455.29137 1,455.291
Share premium 12,104 12,104.18338 12,104.183
Retained earnings 207,997 98,947.28839 36,343.086
Loan loss reserve40 623 –41 498.796
Fair value reserve (918) (411.9)42 (378.115)
Total equity (unlabelled subtotal)43 221,261 112,094.86244 50,023.241
Total Liabilities & Equity45 1,541,248 1,192,844.28622 657,716.406
Equity investments46 Not reported in this filing47 130.7 130.7
Amount due to subsidiary48 Not reported in this filing49 –50 –50
Customer deposits51 Not reported in this filing52 421,856.335 290,089.476
Term deposit accounts53 Not reported in this filing52 232,096.874 177,592.302
Foreign currency denominated accounts54 Not reported in this filing52 72,780.872 70,845.647
  1. Printed “7 933,276”; read as 7,933,276. p61: Printed '7 933,276' with a comma in place of the second thousands space (page image p61: 7 933,276), in a space-grouped column of whole thousands; read as one amount with the same digits.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_equity.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (51)
  1. “Cash and cash equivalents”: mapping to a shared definition is uncertain. Printed 'Cash and cash equivalents' (note 7), a bank's cash and balances with the central bank and other banks.
  2. Published summary of audited statements dated 2026-03-04 prints 161,395 (millions, p1) for this line and year.
  3. Published summary of audited statements dated 2026-03-04 presents this line for this year: 81,287 (p1). Not shown in this column, which follows one filing's presentation.
  4. Not reported in this filing: Not printed: no 'Trading assets' line. The statement of financial position (p61) prints Cash and cash equivalents, Money market investments, Placements with other institutions, Loans and advances to customers, Equity investments, Other assets, Intangible assets, Right-of-use assets, Property and equipment; text layer.
  5. “Placements with other institutions”: mapping to a shared definition is uncertain. Printed 'Placements with other institutions' (note 8(b)).
  6. Published summary of audited statements dated 2026-03-04 prints 73,766 (millions, p1) for this line and year.
  7. Published summary of audited statements dated 2026-03-04 presents this line for this year: 67,879 (p1). Not shown in this column, which follows one filing's presentation.
  8. Not reported in this filing: Not printed: no derivative assets line. The statement of financial position (p61) prints Cash and cash equivalents, Money market investments, Placements with other institutions, Loans and advances to customers, Equity investments, Other assets, Intangible assets, Right-of-use assets, Property and equipment; text layer.
  9. “Government securities”: mapping to a shared definition is uncertain. Printed 'Money market investments' (note 8(a)): government and money market securities.
  10. Printed under different labels across filings: “Government securities”; “Money market investments”.
  11. Published summary of audited statements dated 2026-03-04 prints 510,832 (millions, p1) for this line and year.
  12. Published summary of audited statements dated 2026-03-04 prints 234,942 (millions, p1) for this line and year.
  13. “Financial investments” is an issuer-specific line, not mapped to a shared definition: Financial investments (equity investments), separate from government securities (p1).
  14. Published summary of audited statements dated 2026-03-04 presents this line for this year: 131 (p1). Not shown in this column, which follows one filing's presentation.
  15. Not reported in this filing: Not reported under this label in this filing: the filing prints 'Equity investments' 130 700 (p61), shown in the row 'Equity investments'; no line labelled 'Financial investments' is printed; text layer.
  16. Published summary of audited statements dated 2026-03-04 prints 20,268 (millions, p1) for this line and year.
  17. Published summary of audited statements dated 2026-03-04 prints 15,258 (millions, p1) for this line and year.
  18. Published summary of audited statements dated 2026-03-04 prints 2,901 (millions, p1) for this line and year.
  19. Published summary of audited statements dated 2026-03-04 prints 24,185 (millions, p1) for this line and year.
  20. Printed under different labels across filings: “Total Assets”; “Total assets”.
  21. Published summary of audited statements dated 2026-03-04 prints 1,192,844 (millions, p1) for this line and year.
  22. Published summary of audited statements dated 2026-03-04 presents this line for this year: 726,734 (p1). Not shown in this column, which follows one filing's presentation.
  23. Not reported in this filing: Not printed as one line: deposits are printed in three lines (customer deposits, term deposit accounts, foreign currency denominated accounts; note 16) with no subtotal, recorded as issuer-native lines (p61).
  24. Published summary of audited statements dated 2026-03-04 prints 208,631 (millions, p1) for this line and year.
  25. Published summary of audited statements dated 2026-03-04 presents this line for this year: 42,589 (p1). Not shown in this column, which follows one filing's presentation.
  26. Not reported in this filing: Not printed: no derivative liabilities line. The liabilities printed (p61) are Amount due to subsidiary, Customer deposits, Term deposit accounts, Foreign currency denominated accounts, Long-term loans, Lease liabilities, Other liabilities, Tax payable, Liabilities to financial institutions, Deferred tax liability; text layer.
  27. “Long-term loans”: mapping to a shared definition is uncertain. Printed 'Long-term loans' (note 17).
  28. Published summary of audited statements dated 2026-03-04 prints 43,012 (millions, p1) for this line and year.
  29. “Lease liabilities” is an issuer-specific line, not mapped to a shared definition: Note 34: one line (not split into current and non-current).
  30. Published summary of audited statements dated 2026-03-04 prints 6,314 (millions, p1) for this line and year.
  31. Published summary of audited statements dated 2026-03-04 prints 30,356 (millions, p1) for this line and year.
  32. Published summary of audited statements dated 2026-03-04 prints 16,506 (millions, p1) for this line and year.
  33. Published summary of audited statements dated 2026-03-04 prints 6,608 (millions, p1) for this line and year.
  34. Printed under different labels across filings: “Total Liabilities”; “Total liabilities”.
  35. Published summary of audited statements dated 2026-03-04 prints 1,080,750 (millions, p1) for this line and year.
  36. Published summary of audited statements dated 2026-03-04 prints 1,455 (millions, p1) for this line and year.
  37. Published summary of audited statements dated 2026-03-04 prints 12,104 (millions, p1) for this line and year.
  38. Published summary of audited statements dated 2026-03-04 prints 98,947 (millions, p1) for this line and year.
  39. “Loan loss reserve”: mapping to a shared definition is uncertain. Printed 'Loan loss reserve' (note 23(b)); nil at 31 December 2024 after transfer to retained earnings.
  40. Published summary of audited statements dated 2026-03-04 prints (412) (millions, p1) for this line and year.
  41. Printed under different labels across filings: “Total equity”; “Total equity (unlabelled subtotal)”.
  42. Published summary of audited statements dated 2026-03-04 prints 112,094 (millions, p1) for this line and year.
  43. Printed under different labels across filings: “Total Liabilities & Equity”; “Total liabilities and equity”.
  44. “Equity investments” is an issuer-specific line, not mapped to a shared definition: Note 11.
  45. Not reported in this filing: Not reported under this label in this filing: the filing prints 'Financial investments' 131 (p1), shown in the row 'Financial investments'; no line labelled 'Equity investments' is printed; checked on the page image (p1, OCR page).
  46. “Amount due to subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 10: dashes in the Consolidated columns.
  47. Not reported in this filing: Not printed: the summary statement of financial position (p1) has no 'Amount due to subsidiary' line; its liabilities are Customer deposits, Liabilities to financial institutions, Derivative liabilities, Long-term loans, Lease liabilities, Other liabilities, Tax payable, Deferred tax liability; checked on the page image (p1, OCR page).
  48. “Customer deposits” is an issuer-specific line, not mapped to a shared definition: Note 16: one of three deposit lines (term deposits and foreign currency accounts are printed separately).
  49. Not reported in this filing: Not reported separately: included in 'Customer deposits' 1,043,907 (p1); the summary statement of financial position prints no deposit breakdown; checked on the page image (p1, OCR page).
  50. “Term deposit accounts” is an issuer-specific line, not mapped to a shared definition: Note 16.
  51. “Foreign currency denominated accounts” is an issuer-specific line, not mapped to a shared definition: Note 16.

Cash flow

Cash flow, MWK millions. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Profit before income tax expense1 268,141 124,939.8992 49,720.703
Adjustments for non-cash items included within the income statement3 49,313 Not reported in this filing54 Not reported in this filing5
Increase in interest earning and other assets6 (366,243) Not reported in this filing87 Not reported in this filing8
Increase in deposits and other liabilities9 217,205 Not reported in this filing1110 Not reported in this filing11
Interest paid12 110,202 Not reported in this filing1413 Not reported in this filing15
Interest received16 (417,942) Not reported in this filing1817 Not reported in this filing19
Net finance income20 268,579 154,739.27221 65,920.698
Income tax paid22 (105,968) (38,250.429)23 (15,502.473)
Net cash generated from operating activities 23,287 56,338.12924 96,819.307
Acquisition of property and equipment and intangible assets2526 (18,193) (13,238.342)27 (8,059.862)
Proceeds from disposal of property and equipment28 45 139.55129 21.864
Net cash used in investing activities (18,148) (22,078.818)30 (13,797.939)
Net proceeds from loans and borrowings3132 10,997 34,519.87633 1,052.632
Dividends declared and paid34 (40,748) (10,885.544)35 (14,116.351)
Interest on lease liability36 (1,645) (1,724.121)37 (1,027.041)
Repayment of lease liabilities38 (585) (163.547)39 (353.931)
Net cash used in financing activities (31,981) 21,746.66440 (14,444.691)
Net movement in cash and cash equivalents41 (26,842) 56,005.97542 68,576.677
Cash and cash equivalents at beginning of the year43 161,395 104,500.42344 32,811.987
Effects of exchange rate changes45 69 888.84246 3,111.759
Cash and cash equivalents at end of the year 134,622 161,395.2447 104,500.423
Interest income48 Not reported in this filing49 (239,794.407) (111,896.109)
Interest expense50 Not reported in this filing51 79,481.893 44,202.272
Depreciation of property and equipment52 Not reported in this filing53 3,131.243 1,573.433
Depreciation of right - of - use54 Not reported in this filing53 1,346.271 1,081.318
Interest on lease liability55 Not reported in this filing53 1,724.121 1,027.041
Unrealised foreign exchange difference56 Not reported in this filing53 (64.64) (45.924)
Impairment losses on financial assets57 Not reported in this filing53 4,723.925 4,561.096
Amortisation of intangible assets58 Not reported in this filing53 1,655.296 530.121
Write off of intangible assets59 Not reported in this filing60 –61 4.75
Loss on disposal of property and equipment62 Not reported in this filing60 –61 25.562
Operating cash flows before movement in working capital63 Not reported in this filing64 (22,856.399) (9,215.737)
Changes in loans and advances65 Not reported in this filing66 (81,125.533) (16,157.286)
Changes in equity instruments67 Not reported in this filing68 –69 (42.024)
Changes in placements with other institutions70 Not reported in this filing66 (56,316.604) (26,520.008)
Changes in other assets71 Not reported in this filing66 (13,396.811) (2,359.541)
Changes in customer deposits72 Not reported in this filing73 188,206.656 153,079.656
Changes in liabilities to financial institutions74 Not reported in this filing73 224,649.953 1,017.596
Changes in money market investments75 Not reported in this filing66 (309,804.026) (63,182.646)
Changes in other liabilities76 Not reported in this filing73 10,492.05 9,781.0777
Cash (used in)/ generated from operations Not reported in this filing78 (60,150.714) 46,401.082
Acquisition of intangible assets Not reported in this filing79 (8,980.027) (5,759.941)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_r2nvsh7bayb5.cf_operating_before_working_capital.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_generated_from_operations.
  3. Printed “9,781 070”; read as 9,781,070. p65: Printed '9,781 070' with a comma in place of the first thousands space (page image p65: 9,781 070), in a space-grouped column of whole thousands; read as one amount with the same digits.
Notes and alternative reported figures (76)
  1. “Profit before income tax expense” is an issuer-specific line, not mapped to a shared definition: Opening line of the operating section.
  2. Published summary of audited statements dated 2026-03-04 prints 124,940 (millions, p1) for this line and year.
  3. “Adjustments for non-cash items included within the income statement” is an issuer-specific line, not mapped to a shared definition: Non-cash items (p1).
  4. Published summary of audited statements dated 2026-03-04 presents this line for this year: 12,515 (p1). Not shown in this column, which follows one filing's presentation.
  5. Not reported in this filing: Not printed: no total line for non-cash adjustments; the statement of cash flows (p65) lists the individual adjustments (Interest income, Interest expense, depreciation, lease interest, unrealised FX, impairment, amortisation, write-off, disposal loss), the subtotal 'Operating cash flows before movement in working capital' and individual 'Changes in ...' lines; text layer.
  6. “Increase in interest earning and other assets” is an issuer-specific line, not mapped to a shared definition: Working-capital change (p1).
  7. Published summary of audited statements dated 2026-03-04 presents this line for this year: (460,643) (p1). Not shown in this column, which follows one filing's presentation.
  8. Not reported in this filing: Not printed: no 'Increase in interest earning and other assets' line; the statement of cash flows (p65) lists the individual adjustments (Interest income, Interest expense, depreciation, lease interest, unrealised FX, impairment, amortisation, write-off, disposal loss), the subtotal 'Operating cash flows before movement in working capital' and individual 'Changes in ...' lines; text layer.
  9. “Increase in deposits and other liabilities” is an issuer-specific line, not mapped to a shared definition: Working-capital change (p1).
  10. Published summary of audited statements dated 2026-03-04 presents this line for this year: 423,349 (p1). Not shown in this column, which follows one filing's presentation.
  11. Not reported in this filing: Not printed: no 'Increase in deposits and other liabilities' line; the statement of cash flows (p65) lists the individual adjustments (Interest income, Interest expense, depreciation, lease interest, unrealised FX, impairment, amortisation, write-off, disposal loss), the subtotal 'Operating cash flows before movement in working capital' and individual 'Changes in ...' lines; text layer.
  12. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Printed positive within operating activities (an add-back as printed, p1).
  13. Published summary of audited statements dated 2026-03-04 presents this line for this year: 79,481 (p1). Not shown in this column, which follows one filing's presentation.
  14. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as the adjustment 'Interest expense' 79 481 893 (p65), shown in the row 'Interest expense'; text layer.
  15. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as the adjustment 'Interest expense' 44 202 272 (p65), shown in the row 'Interest expense'; text layer.
  16. “Interest received” is an issuer-specific line, not mapped to a shared definition: Printed negative within operating activities (a deduction as printed, p1).
  17. Published summary of audited statements dated 2026-03-04 presents this line for this year: (239,794) (p1). Not shown in this column, which follows one filing's presentation.
  18. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as the adjustment 'Interest income' (239 794 407) (p65), shown in the row 'Interest income'; text layer.
  19. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as the adjustment 'Interest income' (111 896 109) (p65), shown in the row 'Interest income'; text layer.
  20. “Net finance income” is an issuer-specific line, not mapped to a shared definition: Operating activities: net interest received, after cash generated from operations.
  21. Published summary of audited statements dated 2026-03-04 prints 154,739 (millions, p1) for this line and year.
  22. Printed under different labels across filings: “Income tax paid”; “Income taxes paid”.
  23. Published summary of audited statements dated 2026-03-04 prints (38,250) (millions, p1) for this line and year.
  24. Published summary of audited statements dated 2026-03-04 prints 56,337 (millions, p1) for this line and year.
  25. “Acquisition of property and equipment and intangible assets”: mapping to a shared definition is uncertain. Property and equipment and intangible assets together (label over two lines); read on the page image.
  26. Printed under different labels across filings: “Acquisition of property and equipment”; “Acquisition of property and equipment and intangible assets”.
  27. Published summary of audited statements dated 2026-03-04 prints (22,218) (millions, p1) for this line and year.
  28. Printed under different labels across filings: “Proceeds from disposal of property and equipment”; “Proceeds from sale of property and equipment”.
  29. Published summary of audited statements dated 2026-03-04 prints 140 (millions, p1) for this line and year.
  30. Published summary of audited statements dated 2026-03-04 prints (22,078) (millions, p1) for this line and year.
  31. “Net proceeds from loans and borrowings”: mapping to a shared definition is uncertain. Printed net of repayments ('Net proceeds').
  32. Printed under different labels across filings: “Net proceeds from loans and borrowings”; “Proceeds from loans and borrowings”.
  33. Published summary of audited statements dated 2026-03-04 prints 34,521 (millions, p1) for this line and year.
  34. Printed under different labels across filings: “Dividends declared and paid”; “Dividends paid”.
  35. Published summary of audited statements dated 2026-03-04 prints (10,886) (millions, p1) for this line and year.
  36. Printed under different labels across filings: “Interest on lease liabilities”; “Interest on lease liability”.
  37. Published summary of audited statements dated 2026-03-04 prints (1,724) (millions, p1) for this line and year.
  38. Printed under different labels across filings: “Principal lease repayment”; “Repayment of lease liabilities”.
  39. Published summary of audited statements dated 2026-03-04 prints (164) (millions, p1) for this line and year.
  40. Published summary of audited statements dated 2026-03-04 prints 21,747 (millions, p1) for this line and year.
  41. Printed under different labels across filings: “Net increase in cash and cash equivalents”; “Net movement in cash and cash equivalents”.
  42. Published summary of audited statements dated 2026-03-04 prints 56,006 (millions, p1) for this line and year.
  43. Printed under different labels across filings: “Cash and cash equivalents at beginning of the year”; “Cash and cash equivalents at the beginning of the year”.
  44. Published summary of audited statements dated 2026-03-04 prints 104,500 (millions, p1) for this line and year.
  45. Printed under different labels across filings: “Effect of exchange rate fluctuations on cash and cash equivalents held”; “Effects of exchange rate changes”.
  46. Published summary of audited statements dated 2026-03-04 prints 889 (millions, p1) for this line and year.
  47. Published summary of audited statements dated 2026-03-04 prints 161,395 (millions, p1) for this line and year.
  48. “Interest income” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 24.
  49. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Interest received' (417,942) (p1), shown in the row 'Interest received'; checked on the page image (p1, OCR page).
  50. “Interest expense” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 25.
  51. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Interest paid' 110,202 (p1), shown in the row 'Interest paid'; checked on the page image (p1, OCR page).
  52. “Depreciation of property and equipment” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 13.
  53. Not reported in this filing: Not reported separately: included in 'Adjustments for non-cash items included within the Within the income statement' 49,313 (p1); the summary statement of cash flows prints no individual adjustment lines; checked on the page image (p1, OCR page).
  54. “Depreciation of right - of - use” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 33.
  55. “Interest on lease liability” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 33.
  56. “Unrealised foreign exchange difference” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  57. “Impairment losses on financial assets” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  58. “Amortisation of intangible assets” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 14.
  59. “Write off of intangible assets” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 14; nil in 2024.
  60. Not reported in this filing: No such line is printed: the summary statement of cash flows shows the non-cash adjustments only as the single line 'Adjustments for non-cash items included within the Within the income statement' 49,313 (p1); checked on the page image (p1, OCR page).
  61. “Loss on disposal of property and equipment” is an issuer-specific line, not mapped to a shared definition: Adjustment; nil in 2024.
  62. “Operating cash flows before movement in working capital” is an issuer-specific line, not mapped to a shared definition: Subtotal.
  63. Not reported in this filing: Not printed: the summary statement of cash flows (p1) has no 'operating cash flows before movement in working capital' subtotal; its printed subtotals are 'Net cash generated from operating activities', 'Net cash used in investing activities', 'Net cash used in financing activities', 'Net movement in cash and cash equivalents'; checked on the page image (p1, OCR page).
  64. “Changes in loans and advances” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  65. Not reported in this filing: Not reported separately: included in 'Increase in interest earning and other assets' (366,243) (p1); the summary statement of cash flows prints no individual working-capital lines; checked on the page image (p1, OCR page).
  66. “Changes in equity instruments” is an issuer-specific line, not mapped to a shared definition: Working capital change; nil in 2024.
  67. Not reported in this filing: No such line is printed: the summary statement of cash flows shows asset movements only as 'Increase in interest earning and other assets' (366,243) (p1); checked on the page image (p1, OCR page).
  68. “Changes in placements with other institutions” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  69. “Changes in other assets” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  70. “Changes in customer deposits” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  71. Not reported in this filing: Not reported separately: included in 'Increase in deposits and other liabilities' 217,205 (p1); the summary statement of cash flows prints no individual working-capital lines; checked on the page image (p1, OCR page).
  72. “Changes in liabilities to financial institutions” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  73. “Changes in money market investments” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  74. “Changes in other liabilities” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  75. Not reported in this filing: Not printed: the summary statement of cash flows (p1) has no 'cash generated from operations' subtotal; the operating section goes from 'Income tax paid' to 'Net cash generated from operating activities' 23,287; its printed subtotals are 'Net cash generated from operating activities', 'Net cash used in investing activities', 'Net cash used in financing activities', 'Net movement in cash and cash equivalents'; checked on the page image (p1, OCR page).
  76. Not reported in this filing: Not reported separately: included in 'Acquisition of property and equipment and intangible assets' (18,193) (p1); checked on the page image (p1, OCR page).

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 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Earnings / (loss) per share (per share)412 51.68 25.083 10.09
Weighted average shares (shares)7 2,911 million 2,911 million †5 Not yet collected from the source6
† Note 5. Source status: this figure comes from published summary of audited statements “SUMMARY OF AUDITED CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025” (p1), whose final status is not established (the published copy is unsigned). The column's main source does not print this line.
Notes and alternative reported figures (6)
  1. “Earnings per share (MK)”: mapping to a shared definition is uncertain. Printed 'Earnings per share (MK)'; basic or diluted not stated (p1).
  2. Printed under different labels across filings: “Basic and diluted earnings per share (MK)”; “Earnings per share (MK)”.
  3. Published summary of audited statements dated 2026-03-04 prints 25.10 (units, p1) for this line and year.
  4. Earnings / (loss) per share: printed as “Earnings per share (MK)”.
  5. Not yet collected from the source: Not yet collected: note 30 (p134) prints the 2023 weighted average number of shares as '2 910 574' in thousands, while this row holds the figure in millions ('2,911'); a row cannot mix scales, so it is not entered. Note 30 'Basic and diluted earnings per share' (p134), consolidated, 2023 column; text layer and checked on the page image. The label states the figure is in thousands of shares (2024 column on the same line: 2 910 574), whereas the other-year cells of this row come from the FY2025 summary in millions (2,911); the controller should confirm the share scale on import.
  6. Weighted average shares: printed as “Weighted average ordinary shares in issue (million)”.

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) Dividends declared and paid (40,748) MWK millions Summary statements, p1
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (10,885,544) MWK thousands Annual report, p65
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid (14,116,351) MWK thousands Annual report, p65

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.

  • SUMMARY OF AUDITED CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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

    Audit: Grant Thornton (Malawi), unmodified opinion

    Auditor's sign-off: Grant Thornton, Gordon Tembo, Partner (typeset; no visible signature)

    Final status: An 'Independent auditor's report on summary consolidated and separate financial statements' (ISA 810 (Revised)) is printed, dated 04 March 2026, with the Grant Thornton logo and the typeset name 'Gordon Tembo, Chartered Accountant (Malawi), Partner, Blantyre, Malawi' but no visible signature (name_printed_unsigned; PDF p1, page image). The directors' signatures (V. Kumwenda, Chairman; H. Kalua, Director; T. Simwaka, CEO; E. Tembo, CFO) are shown, undated; the basis of preparation states the full statements were approved by the Board on 17 February 2026.

    Document date
    4 Mar 2026
    Auditor's report
    4 Mar 2026
    Board approval
    17 Feb 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025
    Basis
    consolidated statements · MWK millions (printed “MK'Million”)
    • 2024 earnings per share is printed 25.10 MK; profit for 2024 (72,991 MK'Million) over the printed weighted average of 2,911 million shares gives 25.07. Kept as printed (PDF p1).
    • In the operating section of the cash-flow statement interest paid is printed positive (110,202; 2024: 79,481) and interest received negative ((417,942); 2024: (239,794)) as adjustments, followed by 'Net finance income' 268,579 (2024: 154,739); kept as printed, as issuer-native lines (PDF p1).
    • Total equity is printed as an unlabelled subtotal under the equity lines: 221,261 (2024: 112,094) (PDF p1).
    • 'In our opinion, the accompanying summary consolidated and separate financial statements are a fair summary of the audited consolidated and separate financial statements, in accordance with the basis described on the basis of preparation paragraph.' Independent auditor's report on the summary (ISA 810 (Revised)), Grant Thornton, Gordon Tembo, Partner, Blantyre, 04 March 2026; typeset name, no visible signature (PDF p1). It states 'We expressed an unmodified audit opinion on the audited consolidated and separate financial statements in our report dated 04 March 2026.'
    • Summary consolidated and separate statements of profit or loss and OCI, changes in equity, cash flows and financial position, with regulatory disclosures (PDF p1). Condensed lines: the income statement prints one fees-and-other-income line and one operating-expenses line; no statement of comprehensive income detail beyond one fair-value item.
    Technical details
    File
    1 pages, scanned (figures read by OCR and checked against the page image)
    SHA-256
    073af1069f5b11dd28b03f2c8981781ab7c11fb91395c06bed9914b4c6333a19
    Entity as printed
    NBS Bank plc
    Exchange copy
    retrieved 2026-10-08T18:04:59Z

  • NBS Bank Plc 2024 Annual Report — Growing Higher - Zikumveka Kumbuyoko?

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: Grant Thornton Malawi, Chartered Accountants and Business Advisors, unmodified opinion · signed

    Auditor's sign-off: Grant Thornton Malawi (handwritten firm signature); Gordon Tembo, Chartered Accountant (Malawi), Partner (handwritten signature)

    Final status: Independent auditor's report to the shareholders of NBS Bank plc (PDF pp56-60; Grant Thornton Malawi letterhead on p56), unmodified opinion on the consolidated and separate financial statements; closed by a handwritten 'Grant Thornton' signature over 'GRANT THORNTON MALAWI, Chartered Accountants and Business Advisors' and a handwritten signature over 'Gordon Tembo, Chartered Accountant (Malawi), Partner, Blantyre, Malawi', 'Date: 07 April 2025' (PDF p60, page image). The statements were approved and authorised for issue by the Board on 31 March 2025 and signed by Vizenge Kumwenda (Chairman) and Harrison Kalua (Director) with handwritten signatures (PDF p61, page image).

    Document date
    7 Apr 2025
    Published
    19 Jun 2025
    Auditor's report
    7 Apr 2025
    Board approval
    31 Mar 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024, FY2023
    Basis
    consolidated statements · MWK thousands (printed “In thousands of Malawi Kwacha”)
    • Statement of cash flows, Consolidated 2023: 'Cash (used in)/ generated from operations' is printed 46 401 082 while its printed components (with changes in other liabilities read as 9 781 070) add to 46 401 080 (a two-thousand-kwacha difference; passes within rounding). Kept as printed.
    • 'Finance costs' (note 33, lease interest) is printed inside 'Operating expenditure' on the statement of comprehensive income (p62).
    • 'Net cash used in financing activities' is printed as a positive 21 746 664 for 2024 (a net inflow) and (14 444 691) for 2023; kept as printed.
    • No current/non-current split is printed on the statement of financial position (bank liquidity-order presentation). Deposits are printed in three lines ('Customer deposits', 'Term deposit accounts', 'Foreign currency denominated accounts', all note 16) with no deposits subtotal; each is recorded as an issuer-native line.
    • Printed dashes in the Consolidated columns: amount due to subsidiary (both years), loan loss reserve 2024 (p61), write off of intangible assets, loss on disposal of property and equipment and changes in equity instruments 2024 (p65); read as nil by subtotal arithmetic.
    • Two Consolidated 2023 cells are printed with a stray comma in a space-grouped column: intangible assets '7 933,276' (p61) and changes in other liabilities '9,781 070' (p65), confirmed on the page images; both are recorded as printed and read as whole-thousand amounts with the same digits ('interpreted'). Subtotal arithmetic agrees with these readings.
    • The statement of changes in equity (p63) shows a prior year adjustment of (2 320 365) to retained earnings at 1 January 2023 (note 19); the 2023 columns of the primary statements are not headed restated.
    • 2024 Annual Report: strategy, governance, sustainability and directors' report (PDF pp1-55), auditor's report (pp56-60), statements (pp61-65), notes (pp66 onward).
    Technical details
    File
    143 pages, with a text layer
    SHA-256
    9ad08c34cbc33127bde545ca617f510ab8fcd2269d040ec8f0c8c221d9d47a7b
    Entity as printed
    NBS Bank plc and its subsidiary (the Group); subsidiary NBS Forex Bureau Limited (note 1.1)
    Exchange copy
    retrieved 2026-10-08T18:06:40Z

Data notes

  • Intangible assets — Printed '7 933,276'; read as '7,933,276'. Printed '7 933,276' with a comma in place of the second thousands space (page image p61: 7 933,276), in a space-grouped column of whole thousands; read as one amount with the same digits. (NBS Bank Plc 2024 Annual Report — Growing Higher - Zikumveka Kumbuyoko?, p61)
  • Interest income — OCR read '(239 794 407)'; the page image shows '(239 794 407)'. The word-position re-read returns this row's four amounts as one cell; space-grouped amount read as one amount with the same digits (page image p65: (239 794 407)). (NBS Bank Plc 2024 Annual Report — Growing Higher - Zikumveka Kumbuyoko?, p65)
  • Interest income — OCR read '(111 896 109)'; the page image shows '(111 896 109)'. The word-position re-read returns this row's four amounts as one cell; space-grouped amount read as one amount with the same digits (page image p65: (111 896 109)). (NBS Bank Plc 2024 Annual Report — Growing Higher - Zikumveka Kumbuyoko?, p65)
  • Changes in money market investments — OCR read '(63 182 646)'; the page image shows '(63 182 646)'. The word-position re-read joins this cell with the next one; space-grouped amount read as one amount with the same digits (page image p65: (63 182 646)). (NBS Bank Plc 2024 Annual Report — Growing Higher - Zikumveka Kumbuyoko?, p65)
  • Changes in other liabilities — Printed '9,781 070'; read as '9,781,070'. Printed '9,781 070' with a comma in place of the first thousands space (page image p65: 9,781 070), in a space-grouped column of whole thousands; read as one amount with the same digits. (NBS Bank Plc 2024 Annual Report — Growing Higher - Zikumveka Kumbuyoko?, p65)
  • Changes in other liabilities — OCR read '9,781 070'; the page image shows '9,781 070'. Cell printed '9,781 070' (a stray comma where a thousands space belongs; page image p65); kept as printed as one cell, with the reading recorded as 'interpreted' on the row. (NBS Bank Plc 2024 Annual Report — Growing Higher - Zikumveka Kumbuyoko?, p65)

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 and compared cell by cell with 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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