Page 170 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

168 • Republic Financial Holdings Limited 2025 Annual Report • FINANCIALS

Notes to the Consolidated Financial Statements

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

17 Stated capital
Authorised
An unlimited number of shares of no par value

Number of ordinary
shares (’000)
2025 2024 2025 2024

Issued and fully paid
At beginning of year 163,049 162,790 943 932
Shares issued/proceeds from shares issued 112 61 11 6
Shares purchased for profit sharing scheme (1,207) (205) – –
Share-based payments – – 5 5
Allocation of shares 487 403 – –

At end of year 162,441 163,049 959 943

The following reflects the calculation of the effect of the issue of stock options on the weighted average number of ordinary
shares.

2025 2024

Weighted average number of ordinary shares 162,851 163,007
Effect of dilutive stock options 387 178

Weighted average number of ordinary shares
adjusted for the effect of dilution 163,238 163,185

18 Other reserves

Translation Unallocated Other
reserves shares reserves Total

Balance at October 1, 2023 (664) (120) 278 (506)
Translation adjustments (15) – – (15)
Net transfer to other reserves from retained earnings – – 154 154
Shares purchased for profit sharing scheme – (25) – (25)
Allocation of shares – 57 – 57
Other – – 1 1

Balance at September 30, 2024 (679) (88) 433 (334)
Translation adjustments 30 – – 30
Net transfer to other reserves from retained earnings – – 102 102
Shares purchased for profit sharing scheme – (137) – (137)
Allocation of shares – 66 – 66
Other – – (5) (5)

Balance at September 30, 2025 (649) (159) 530 (278)