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78 • Republic Bank (Grenada) Limited 2025 Annual Report • FINANCIALS
Statement of Income
For the year ended September 30, 2025. Expressed in Thousands of Eastern Caribbean dollars ($’000), except where otherwise stated.
Notes 2025 2024
Interest income 15 (a) 98,876 91,195
Interest expense 15 (b) (21,015) (20,452)
Net interest income 77,861 70,743
Other income 15 (c) 33,733 28,311
111,594 99,054
Operating expenses 15 (d) (64,967) (69,615)
Operating profit 46,627 29,439
Credit loss (expense)/recovery on financial assets 16 (26,175) 3,082
Net profit before taxation 20,452 32,521
Taxation expense 17 (4,960) (8,887)
Net profit after taxation 15,492 23,634
Earnings per share (expressed in $ per share)
Basic $4.10 $6.26
Weighted average number of shares (‘000)
Basic 14 3,774 3,774
The accompanying notes form an integral part of these financial statements.
