NatWest Group plc (NWG) — Financial statements
Income statement, balance sheet, and cash flow for NatWest Group plc — annual and quarterly history with growth and margin analysis.
| Metric (GBP Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 29,478↑3.2% | 28,565↑15.4% | 24,761↑53.3% | 16,147↑34.1% | 12,039 | |
| Cost of Revenue | 12,869↓7.5% | 13,912↑39.4% | 9,977↑257.0% | 2,795↑64.5% | 1,699 | |
| Gross Profit | 16,609↑13.3% | 14,653↓0.9% | 14,784↑10.7% | 13,352↑29.1% | 10,340 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 1,423↓1.6% | 1,446↓10.0% | 1,606↑1.3% | 1,585↑8.5% | 1,461 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,423↓1.6% | 1,446↓10.0% | 1,606↑1.3% | 1,585↑8.5% | 1,461 | |
| Other Expenses | 7,478↑6.6% | 7,012↑0.2% | 7,000↑5.5% | 6,635↑31.8% | 5,035 | |
| Operating Expenses | 8,901↑5.2% | 8,458↓1.7% | 8,606↑4.7% | 8,220↑26.5% | 6,496 | |
| Total Costs & Expenses | 21,770↓2.7% | 22,370↑20.4% | 18,583↑68.7% | 11,015↑34.4% | 8,195 | |
| Operating Results | ||||||
| Operating Income | 7,708↑24.4% | 6,195↑0.3% | 6,178↑20.4% | 5,132↑33.5% | 3,844 | |
| Depreciation & Amortization | 1,154↑9.1% | 1,058↑13.3% | 934↑12.1% | 833↓9.8% | 923 | |
| EBITDA | 8,862↑22.2% | 7,253↑2.0% | 7,112↑19.2% | 5,965↑25.1% | 4,767 | |
| EBIT | 7,708↑24.4% | 6,195↑0.3% | 6,178↑20.4% | 5,132↑33.5% | 3,844 | |
| Interest & Other Income | ||||||
| Net Interest Income | 12,829↑13.8% | 11,275↑2.0% | 11,049↑12.3% | 9,842↑30.6% | 7,535 | |
| Interest Income | 25,698↑2.0% | 25,187↑19.8% | 21,026↑66.4% | 12,637↑36.9% | 9,234 | |
| Interest Expense | 12,869↓7.5% | 13,912↑39.4% | 9,977↑257.0% | 2,795↑64.5% | 1,699 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 7,708↑24.4% | 6,195↑0.3% | 6,178↑20.4% | 5,132↑33.5% | 3,844 | |
| Income Tax Expense | 1,874↑27.9% | 1,465↑2.2% | 1,434↑12.5% | 1,275↑28.0% | 996 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 5,834↑23.3% | 4,730↓0.3% | 4,744↑23.0% | 3,857↑35.4% | 2,848 | |
| Net Income from Discontinued Operations | 0.00↓100.0% | 81↑172.3% | -112↑57.3% | -262↓156.5% | 464 | |
| Net Income | 5,831↑21.4% | 4,802↑3.6% | 4,636↑29.2% | 3,589↑9.8% | 3,268 | |
| Bottom-Line Net Income | 5,479↑21.2% | 4,519↑2.8% | 4,394↑31.6% | 3,340↑13.2% | 2,950 | |
| EPS (Basic) | 2.72↑28.3% | 2.12↑8.2% | 1.96↑44.1% | 1.36↑25.9% | 1.08 | |
| EPS (Diluted) | 2.70↑27.4% | 2.12↑8.2% | 1.96↑44.1% | 1.36↑25.9% | 1.08 | |
| Weighted Average Shares | 2,013↓4.7% | 2,113↓8.3% | 2,304↓6.7% | 2,468↓8.5% | 2,696 | |
| Weighted Average Diluted Shares | 2,032↓4.6% | 2,129↓7.6% | 2,305↓7.2% | 2,482↓8.3% | 2,707 | |
* All figures in Millions of GBP, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.