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Wegagen Bank

WGBX · Ethiopian Securities Exchange · Consolidated statements

On this page
Company details
Legal name
Wegagen Bank Share Company
Listing
WGBX 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 2026 · audited financial statements, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. Key audit matters (p5): impairment losses under IFRS 9 (note 16); IFRS 13 fair value of the bank's investment in other entities measured with unobservable inputs.
Full wording and sources

  • Auditor's emphasis of matter

    Key audit matters (p5): impairment losses under IFRS 9 (note 16); IFRS 13 fair value of the bank's investment in other entities measured with unobservable inputs. No emphasis of matter.

    Source: WEGAGEN BANK SHARE COMPANY ANNUAL CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS For the Year Ended 30 June 2026 (dated 2026-09-05)

  • Net interest income

    ETB 7.06 billion

    7,063,059 ETB thousands · p8

    +33.2% vs 2025

    Printed as 'Net interest income' in the consolidated statement of profit or loss (p8).

  • Net operating income

    ETB 11.1 billion

    11,106,958 ETB thousands · p8

    +13.7% vs 2025

    Printed as 'Net operating income' (p8): net interest, fee and other operating income after loan impairment; no total operating income before impairment is printed.

  • Profit after tax

    ETB 3.15 billion

    3,154,253 ETB thousands · p8

    +13.6% vs 2025

    Printed as 'Profit after tax' (p8).

  • Total assets

    ETB 111 billion

    111,316,522 ETB thousands · p9

    +32.0% vs 2025

    Statement of financial position (p9).

  • Deposit from customers

    ETB 73.5 billion

    73,517,597 ETB thousands · p9

    +19.2% vs 2025

    Printed as 'Deposit from customers' (p9).

  • Total equity

    ETB 17.3 billion

    17,345,516 ETB thousands · p9

    +35.4% vs 2025

    Statement of financial position (p9).

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 thousands unless the row says otherwise; brackets are negative.

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

Column sources

  • FY to 30 Jun 2026 — 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

Income statement

Income statement, ETB thousands. 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.
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 filing
Interest income 11,689,003 8,459,357
Interest expense (4,625,943) (3,156,179)
Net interest income 7,063,059 5,303,178
Fee and Commission Income 3,477,954 2,464,927
Fee and Commission Expense (112,043) (99,689)
Net fee and commission income 3,365,911 2,365,238
Net Trading Income1 10,428,970 7,668,417
Other operating income 1,197,050 2,555,514
Loan impairment charge (527,713) (465,867)
Impairment losses on other assets reversal2 8,651 6,295
Net operating income3 11,106,958 9,764,359
Salaries and benefits (4,397,826) (3,962,431)
Amortization of intangible assets (305,715) (83,282)
Depreciation of property and equipment (283,197) (202,212)
Depreciation of right-of-use asset4 (355,683) (310,569)
Other operating expenses (1,455,829) (1,352,225)
Audit fees5 (2,111) (1,087)
Total Operating Expenses (6,800,362) (5,911,807)
Profit before income tax 4,306,596 3,852,553
Income tax expense (1,152,343) (1,075,043)
Profit after tax 3,154,253 2,777,510
Non-controling interest6 5,765 (1,343)
Remeasurement loss on retirement benefits7 46,992 (119,790)
Fair value gain or (loss) of equity investments8 179,678 157,963
Total other comprehensive income (net of tax) 226,670 38,174
Total comprehensive income for the period 3,380,923 2,815,684
Notes and alternative reported figures (8)
  1. “Net Trading Income” is an issuer-specific line, not mapped to a shared definition: Printed 'Net Trading Income' but it is the sum of net interest income and net fee and commission income (7,063,059 + 3,365,911 = 10,428,970).
  2. “Impairment losses on other assets reversal” is an issuer-specific line, not mapped to a shared definition: Note 10.
  3. “Net operating income” is an issuer-specific line, not mapped to a shared definition: Income after loan impairment, before operating expenses.
  4. “Depreciation of right-of-use asset” is an issuer-specific line, not mapped to a shared definition: Note 21a; printed separately from depreciation of property and equipment.
  5. “Audit fees” is an issuer-specific line, not mapped to a shared definition: Audit fees (printed negative).
  6. “Non-controling interest” is an issuer-specific line, not mapped to a shared definition: Profit attributable to non-controlling interest (note 29d).
  7. “Remeasurement loss on retirement benefits” is an issuer-specific line, not mapped to a shared definition: OCI, note 25b.
  8. “Fair value gain or (loss) of equity investments” is an issuer-specific line, not mapped to a shared definition: OCI, note 29c.

Balance sheet

Balance sheet, ETB thousands. 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.
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 filing
Cash and bank balances 22,569,852 15,030,282
Placements with Financial Institutions 1,410,424 405,918
Loans and advances to customers 64,590,783 51,260,502
Equity Investments at FVOCI 1,126,412 822,894
Debt Securities at Amortized Cost 8,674,852 8,311,193
Other assets 7,615,426 5,159,025
Intangible assets 726,655 493,497
Property and Equipment 3,944,797 1,860,431
Right-of-Use Asset 657,319 993,853
Total assets 111,316,522 84,337,595
Deposit from customers 73,517,597 61,651,819
Deposit from financial institutions 7,735,887 4,498,218
Current tax liabilities 1,174,726 1,091,622
Other liabilities 10,830,605 3,688,224
Employee benefit obligations 543,327 504,869
Deferred tax liabilities 168,863 94,870
Total liabilities 93,971,006 71,529,622
Share capital 10,094,666 7,028,357
Share premium 103,315 87,819
Retained earnings 2,181,734 1,944,300
Legal reserve1 3,674,563 2,885,999
Regulatory risk reserve 843,863 646,558
Other reserve2 392,204 165,534
Equity attributable to owners (unlabelled subtotal) 17,290,344 12,758,566
Non-controlling interest 55,1723 49,407
Total equity 17,345,516 12,807,973
Total liabilities and equity 111,316,522 84,337,595
  1. Printed “55.172”; read as 55,172. p9: Printed '55.172' with a full stop for the thousands comma (page image p9; OCR reads 55,172 and reads the 2025 amount, printed 49,407, as 49.407); 17,290,344 + 55,172 = 17,345,516.
Notes and alternative reported figures (2)
  1. “Legal reserve” is an issuer-specific line, not mapped to a shared definition: Note 29a.
  2. “Other reserve” is an issuer-specific line, not mapped to a shared definition: Note 29c (fair value reserve on equity investments).

Cash flow

Cash flow, ETB thousands. 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.
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 filing
Cash generated from operations 10,930,695 7,189,925
Profit tax assesment paid1 (17,373) –2
Income tax paid (1,091,622) (649,612)
Net cash (outflow)/inflow from operating activities 9,821,700 6,540,314
Purchase of investment securities3 (46,836) (56,537)
Purchase of intangible assets (539,676) (528,711)
Purchase of property, plant and equipment (2,346,442) (469,816)
Proceeds from matured debt securities4 (363,659) (3,698,038)
Proceeds from disposal of property and equipments 48,783 6,967
Net cash (outflow)/inflow from investing activities (3,247,830) (4,746,136)
Share premium collected5 15,496 12,902
New shares issued6 3,066,309 1,969,467
Directors' remuneration paid7 (1,413) (1,500)
Dividend paid (1,944,300) (1,246,781)
Payment for leases (183,477) (646,391)
Net cash (outflow)/inflow from financing activities 952,477 87,697
Net increase/(decrease) in Cash and bank balances 7,526,485 1,881,875
Cash and bank balances at the beg. of the year 15,030,282 13,123,499
Effect of exchange rate movement on cash and 13,084 24,908
Cash and bank balances at the end of the year 22,569,852 15,030,282
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
Notes and alternative reported figures (6)
  1. “Profit tax assesment paid” is an issuer-specific line, not mapped to a shared definition: Profit tax assessment paid (2026 only).
  2. “Purchase of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 17.
  3. “Proceeds from matured debt securities” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 17b; printed negative in both years.
  4. “Share premium collected” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 26.
  5. “New shares issued” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 26.
  6. “Directors' remuneration paid” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 28.

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.
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 filing
Profit / (loss) attributable to shareholders (ETB thousands)1 3,148,488 2,778,853
Notes and alternative reported figures (1)
  1. Profit / (loss) attributable to shareholders: printed as “Ordinary equity holders”.

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) Dividend paid (1,944,300) ETB thousands Audited financial statements, p11
30 Jun 2025 Dividends paid (cash flow statement) Dividend paid (1,246,781) ETB thousands Audited financial statements, p11

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.

  • WEGAGEN BANK SHARE COMPANY ANNUAL CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS For the Year Ended 30 June 2026

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

    Audit: TMS Plus Audit Service Limited Liability Partnership, Chartered Certified Accountants (UK), Authorized Auditors (ETH), unmodified opinion · signed

    Auditor's sign-off: TMS Plus Audit Service Limited Liability Partnership

    Final status: Independent auditor's report on the accounts of Wegagen Bank Share Company (TMS Plus Audit Service Limited Liability Partnership, Chartered Certified Accountants (UK), Authorized Auditors (ETH)): unqualified, signed by hand 'TMS Plus LLP' over the firm's stamp, 'Addis Ababa 5 September 2026' (PDF p7, page image). The statements state approval and authorisation for issue by the directors and management on September 04, 2026, signed by the Chairman (Abdishu Hussien) and CEO (Aklilu Wubet) (PDF pp8-11).

    Document date
    5 Sep 2026
    Auditor's report
    5 Sep 2026
    Board approval
    4 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 · ETB thousands (printed “Birr'000”)
    • Cash-flow statement 2026 (p11, checked on the page image): the printed financing lines (15,496 + 3,066,309 - 1,413 - 1,944,300 - 183,477) add to 952,615, but 'Net cash (outflow)/inflow from financing activities' is printed 952,477 (difference 138); the printed net increase in cash (7,526,485) equals operating 9,821,700 less investing 3,247,830 plus 952,615, not plus the printed 952,477. Kept as printed.
    • 'Net Trading Income' (10,428,970; 7,668,417) is printed as the subtotal of net interest income and net fee and commission income. Basic and diluted earnings per share are printed '34.40%' and '46.10%' (note 27) with a percent sign; not transcribed. Non-controlling interest 2026 is printed '55.172' with a full stop for the thousands comma. Total operating expenses 2026 (6,800,362) differs by 1 from the sum of its printed lines (rounding). Kept as printed.
    • Titled 'Annual Consolidated and Separate Financial Statements', but one set of primary statements is printed (pp8-11; the profit or loss and cash-flow statements are headed 'Consolidated', the statement of financial position is not). The auditor's opinion refers to 'the financial statements of Wegagen Bank Share Company specified on pages 7 to 110' and 'the financial position of the Company' (p5). The directors' report (p3) tabulates consolidated and separate results side by side.
    Technical details
    File
    111 pages, scanned (figures read by OCR and checked against the page image)
    SHA-256
    2f63f84e68b4e07d0ff379f16edf217587cdb4abe9fa75acaebb3a24fdd9ae9d
    Entity as printed
    Wegagen Bank S.C; 'Wegagen Bank Share Company' (auditor's report)
    Exchange copy
    retrieved 2026-10-08T18:05:24Z

Data notes

  • Regulatory risk reserve — OCR read '843.863'; the page image shows '843,863'. OCR read a full stop for the thousands comma of the 2026 regulatory risk reserve; the render prints 843,863 (page image p9). (WEGAGEN BANK SHARE COMPANY ANNUAL CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS For the Year Ended 30 June 2026, p9)
  • Non-controlling interest — Printed '55.172'; read as '55,172'. Printed '55.172' with a full stop for the thousands comma (page image p9; OCR reads 55,172 and reads the 2025 amount, printed 49,407, as 49.407); 17,290,344 + 55,172 = 17,345,516. (WEGAGEN BANK SHARE COMPANY ANNUAL CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS For the Year Ended 30 June 2026, p9)

Review status: every figure has been located on its cited source page in an AI-assisted source verification (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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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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