Page 29 - RFHL ANNUAL REPORT 2024_ONLINE

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Introduction
Republic Financial Holdings Limited (RFHL) recorded a profit attributable to equity holders of the parent of $2.0 billion for the
year ended September 30, 2024, an increase of $255 million or 14.6 percent over the profit of $1.75 billion reported in the prior year.
These results reflect the returns from growth in the Group’s advances and investment portfolios, and reduced credit loss expenses.

Based on these results, the Board of Directors has declared a final dividend of $3.55 per share for the year ended September 30,
2024. When combined with the three interim dividends totaling $2.15 per share, this brings the total dividend for the year to $5.70
per share, an increase of $0.50 or 9.6 percent over the amount declared for 2023. At a share price of $111.93 as at September 30,
2024, this results in a dividend yield of 5.09 percent on an RFHL share.

Net Profit
All figures are stated in TT$ millions

2024 2023 Change % Change

Profitability
Net interest income 5,066 4,664 402 8.6
Other income 2,101 2,029 72 3.5
Share of profits of associated companies 9 6 3 50.0
Less:
- Operating expenses 4,034 3,851 (183) -4.8
- Credit loss expense on financial assets 109 181 72 39.8
- Net monetary loss 25 68 43 63.2

Profit before taxation 3,008 2,599 409 15.7
Less taxation 736 667 (69) -10.3

Profit after taxation 2,272 1,932 340 17.6
Less non-controlling interest 267 182 (85) -46.7

Profit attributable to equity holders of the Parent 2,005 1,750 255 14.6

Trinidad and Tobago 2,778 2,136 642 30.1
Barbados 213 1,005 (792) -78.8
Guyana 124 84 40 47.6
Cayman Islands 368 373 (5) -1.3
Eastern Caribbean 194 109 85 78.0
Suriname 51 21 30 142.9
Ghana 60 (49) 109 222.4
British Virgin Islands 89 64 25 39.1
Less eliminations and other adjustments (1,872) (1,993) 121 6.1

Total 2,005 1,750 255 14.6

The following is a detailed discussion and analysis of the financial results of RFHL and its subsidiaries. This should be read in
conjunction with the audited Consolidated financial statements, contained on pages 78 to 181 of this report. All amounts are
stated in Trinidad and Tobago dollars.