Page 114 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

112 • Republic Financial Holdings Limited 2025 Annual Report • FINANCIALS

Consolidated Statement of Income

For the year ended September 30, 2025. Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

Notes 2025 2024

Interest income 19 (a) 6,535 6,136
Interest expense 19 (b) (1,073) (1,070)

Net interest income 5,462 5,066
Other income 19 (c) 2,257 2,101

7,719 7,167
Operating expenses 19 (d) (4,292) (4,034)
Share of profit of associated companies 6 10 9

Operating profit 3,437 3,142
Credit loss expense on financial assets 20 (165) (109)
Net monetary loss in hyperinflationary economies – (25)

Net profit before taxation 3,272 3,008
Taxation expense 21 (824) (736)

Net profit after taxation 2,448 2,272

Attributable to:
Equity holders of the Parent 2,202 2,005
Non-controlling interests 246 267

2,448 2,272

Earnings per share (expressed in $ per share)
Basic 13.44 12.25
Diluted 13.49 12.29

Weighted average number of shares (’000)
Basic 17 162,851 163,007
Diluted 17 163,238 163,185

The accompanying notes form an integral part of these Consolidated financial statements.