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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) (9 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

Sidama Bank

SIDAX · Ethiopian Securities Exchange · Company statements

On this page
Company details
Legal name
Sidama Bank Share Company
Listing
SIDAX on the Ethiopian Securities Exchange, 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 2024 · annual report, signed / final · source

  • Net interest income

    ETB 234 million

    234,376,166 ETB units · p39

    +49.6% vs 2023

    Interest income less interest expense, as printed.

  • Total Operating Income

    ETB 308 million

    308,327,018 ETB units · p39

    +22.6% vs 2023

    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

    ETB 27.1 million

    27,135,894 ETB units · p39

    −49.3% vs 2023

  • Total assets

    ETB 2.62 billion

    2,620,268,280 ETB units · p40

    +98.2% vs 2023

  • Customer deposits

    ETB 1.22 billion

    1,224,875,020 ETB units · p40

    +434.5% vs 2023

  • Total equity

    ETB 1.09 billion

    1,088,812,663 ETB units · p40

    +31.8% vs 2023

Large amounts are rounded for reading (ETB 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 ETB units unless the row says otherwise; brackets are negative.

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

Column sources

  • FY to 30 Jun 2024 — annual report, signed / final; reported for the year · source
  • FY to 30 Jun 2023 — annual report, signed / final; comparative in the FY to 30 Jun 2024 filing · source

Income statement

Income statement, ETB units. Columns: FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2024Annual reportreported for the yearFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing
Interest Income 270,767,748 177,855,275
Interest Expense (36,391,582) (21,194,017)
Net Interest Income 234,376,166 156,661,258
Fees and commission income 26,104,866 56,165,836
Other operating income 47,845,986 38,725,244
Dividend Income1 –2 –2
Total Other Income3 47,845,986 38,725,244
Total Operating Income 308,327,018 251,552,338
Loss Allowances on Financial Assets (8,718,378) (13,961,554)
Net operating income4 299,608,640 237,590,785
Salaries and other employee benefits (155,941,853) (94,388,602)
General and administrative expenses (73,200,110) (61,570,690)
Depreciation on property, plant and equipment (16,079,284) (7,718,634)
Amortization of Right of use assets5 (26,305,009) (11,745,608)
Interest expense on lease liability6 (2,564,536) (1,297,223)
Operating expenses (unlabelled subtotal)7 (274,090,792) (176,720,758)
Operating profit before tax 25,517,849 60,870,027
Grant income for the period8 3,909,040 3,081,259
Profit before tax 29,426,888 63,951,285
Taxation charge (2,290,994) (10,475,112)
Profit for the year after tax 27,135,894 53,476,173
Re-measurement gain (loss) on retirement benefits obligations9 13,717,663 4,030,589
Tax on remeasurement gain10 (4,115,299) (1,209,177)
Re-measurement gain net of tax (unlabelled subtotal)11 9,602,364 2,821,412
Gain on Fiancial assets through OCI12 49,838,990 –13
Tax on gain14 (14,951,697) –13
FVOCI gain net of tax (unlabelled subtotal)15 34,887,293 –16
Total Other comrehensive income 44,489,657 2,821,412
Total comprehensive income for the year 71,625,550 56,297,586
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_8x40xfdqgqsa.total_other_income.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_8x40xfdqgqsa.fvoci_gain_net.
  3. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (13)
  1. “Dividend Income” is an issuer-specific line, not mapped to a shared definition: Dividend income, within total other income.
  2. “Total Other Income” is an issuer-specific line, not mapped to a shared definition: Other operating income plus dividend income (fees and commission are printed apart).
  3. “Net operating income” is an issuer-specific line, not mapped to a shared definition: Total operating income less loss allowances on financial assets.
  4. “Amortization of Right of use assets” is an issuer-specific line, not mapped to a shared definition: Note 23.
  5. “Interest expense on lease liability” is an issuer-specific line, not mapped to a shared definition: Note 23; presented among operating expenses.
  6. “Operating expenses (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of salaries, general and administrative expenses, depreciation, right-of-use amortisation and lease interest.
  7. “Grant income for the period” is an issuer-specific line, not mapped to a shared definition: Note 12: government grant income, presented after operating profit.
  8. “Re-measurement gain (loss) on retirement benefits obligations” is an issuer-specific line, not mapped to a shared definition: OCI, note 31(c), before tax.
  9. “Tax on remeasurement gain” is an issuer-specific line, not mapped to a shared definition: OCI: tax on the re-measurement.
  10. “Re-measurement gain net of tax (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: OCI: unlabelled subtotal of the two lines above.
  11. “Gain on Fiancial assets through OCI” is an issuer-specific line, not mapped to a shared definition: OCI, note 32, before tax (label printed with a typo).
  12. “Tax on gain” is an issuer-specific line, not mapped to a shared definition: OCI: tax on the FVOCI gain.
  13. “FVOCI gain net of tax (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: OCI: unlabelled subtotal of the two lines above.

Balance sheet

Balance sheet, ETB units. Columns: FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2024Annual reportreported for the yearFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing
Cash and cash equivalents 841,576,167 470,187,174
Loans and Advances to Customers (Net) 1,112,924,098 563,974,434
-Financial assets at amortized cost 71,501,800 –1
-Financial assets at fair value through OCI (2024 AFS) 92,546,515 2,915,000
Other Assets 116,617,710 42,721,738
Deferred tax assets –1 3,653,261
Right of use of Leased Assets 79,490,568 62,427,499
Investment Property 37,426,399 38,167,655
Intangible assets 5,403,446 –1
Property, Plant and Equipment 262,781,577 138,090,242
Total Assets 2,620,268,280 1,322,137,002
Deposit from Customers 1,224,875,020 229,156,647
Other Liabilities 49,234,936 44,833,744
Business Income Tax Liability 1,538,161 15,337,549
Deferred tax Liability 16,166,568 –2
Lease Liabilities3 28,569,531 33,881,173
Deferred grant income Liability4 9,626,083 12,539,171
Borrowing 192,007,690 143,121,075
Severance benefit obligations payable 9,437,628 17,232,229
Total Liabilities 1,531,455,616 496,101,588
Share Capital 913,092,000 590,266,000
Legal Reserve5 59,208,728 52,424,754
Regulatory Risk reserve 23,514,434 29,169,163
Other Reserve 47,311,069 2,821,412
Retained Earnings 45,686,433 151,354,085
Total equity 1,088,812,663 826,035,414
Total Liabilities and Equity 2,620,268,279 1,322,137,002
  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 (3)
  1. “Lease Liabilities” is an issuer-specific line, not mapped to a shared definition: Note 23: lease liabilities, not split into current and non-current.
  2. “Deferred grant income Liability” is an issuer-specific line, not mapped to a shared definition: Note 29.
  3. “Legal Reserve” is an issuer-specific line, not mapped to a shared definition: Note 35: reserve required by NBE directive SBB/4/95, transferred from profit.

Cash flow

Cash flow, ETB units. Columns: FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2024Annual reportreported for the yearFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing
Cash flows from operating activities1 388,081,389 (12,767,309)
Net cash (outflow)/inflow from operating activities 388,081,389 (12,767,309)
Purchase of property, plant and equipment (145,432,809) (88,123,081)
Reclassification of Investment property2 –3 –3
Purchases of investment securities4 (111,297,900) –3
Net cash (outflow)/inflow from investing activities (256,730,709) (88,123,081)
Proceeds (settlement) from borrowings5 48,886,615 36,290,807
Dividend paid (35,021,700) –6
Proceeds from issues of shares7 226,173,399 494,786,000
Investment in securities received/(refunded)8 –6 200,000
Net cash (outflow)/inflow from financing activities 240,038,314 531,276,807
Net increase/(decrease) in cash and cash equivalents 371,388,994 430,386,417
Cash and cash equivalents at the beginning of the year 470,187,174 39,800,756
Cash and cash equivalents at the end of the year 841,576,167 470,187,173
  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 (6)
  1. “Cash flows from operating activities”: mapping to a shared definition is uncertain. The section's single line, referring to note 39(a) 'Cash used in operations' (profit before tax adjusted for non-cash items and changes in operating assets and liabilities, including the change in the business income tax liability); no tax-paid line is printed.
  2. “Reclassification of Investment property” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 24).
  3. “Purchases of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  4. “Proceeds (settlement) from borrowings” is an issuer-specific line, not mapped to a shared definition: Financing activities: net movement in borrowings (note 30).
  5. “Proceeds from issues of shares” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 33).
  6. “Investment in securities received/(refunded)” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 20(a)).

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2024Annual reportreported for the yearFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing
Weighted average shares (shares)1 812,252 342,873
Notes and alternative reported figures (1)
  1. Weighted average shares: printed as “Weighted average number of shares”.

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 2024 Dividends paid (cash flow statement) Dividend paid (35,021,700) ETB units Annual report, p42
30 Jun 2023 Dividends paid (cash flow statement) Dividend paid 0printed “–”, read as nil ETB units Annual report, p42

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.

  • Sidama Bank Annual Report 2023/24 — The External Auditor's Report & Financial Statements for the year ended 30 June 2024

    Year ended 30 June 2024 · Annual report · signed / final

    Audit: Tewodros and Fikre Audit Services Partnership, Chartered Certified Accountants, Addis Ababa, unmodified opinion · signed

    Auditor's sign-off: Tewodros and Fikre Audit Services Partnership (signature and firm seal; signatory name not printed)

    Final status: Independent auditors' report of Tewodros and Fikre Audit Services Partnership (Chartered Certified Accountants), opinion on PDF p37, signed (signature without a printed signatory name) with the firm's 'Certified Auditors in Ethiopia' seal and dated October 7, 2024, Addis Ababa (PDF p38, page image). Statements approved by the board and signed by the chairperson (Abriham Marshalo) and the chief executive officer (Tadesse Hatiya), each dated 20 September 2024 (PDF p39 and p40, page images).

    Document date
    7 Oct 2024
    Auditor's report
    7 Oct 2024
    Board approval
    20 Sep 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2024, FY to 30 Jun 2023
    Basis
    company statements · ETB units (printed “Birr”)
    • Total liabilities and equity at 30 June 2024 is printed 2,620,268,279 against total assets of 2,620,268,280 (p40), and cash and cash equivalents at the end of 2023 in the statement of cash flows 470,187,173 against 470,187,174 in the statement of financial position and as 2024 opening cash (p42, p40). Kept as printed.
    • Note 37 shows 'Other Reserve' at the end of the year as 44,489,657 (2023: 2,821,412, p101), while the statement of financial position prints 47,311,069 (2023: 2,821,412, p40). The statement figure is transcribed.
    • Operating expenses (salaries, general and administrative, depreciation, right-of-use amortisation, lease interest) are printed as positive amounts above an unlabelled subtotal printed negative (p39); stored as deductions.
    • The statement of profit or loss is headed 'As at 30 June 2024' and the statement of financial position 'For the year ended 30 June 2024' (p39, p40). The column headings and the auditors' opinion give the year ended 30 June 2024.
    • The text layer of the FVOCI line on p40 reads '-Financial assets at fair value through OCI (2024 AFS)'; the page render shows '-Financial assets at fair value through OCI' only. The label is kept as the text layer carries it.
    • Earnings per share is printed as a percentage of the 1,000 Birr par value ('3.3%' / '15.6%', p39; note 34: 3.34% / 15.60%, p100), not as an amount per share: not transcribed (gap). The weighted average number of shares (812,252; 2023: 342,873, note 34) is transcribed.
    Technical details
    File
    114 pages, with a text layer
    SHA-256
    b9b7c011d5e54af42f7fcd813e035c54fbe124516b671e15a1757c72a0d06eee
    Entity as printed
    SIDAMA BANK S.C. (Sidama Bank Share Company)
    Exchange copy
    retrieved 2026-10-08T18:08:38Z

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) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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

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