February 3, 2026

Barita Investments Limited (BIL)

Audited financials for the year ended September 30, 2025:

Barita Investments Limited (BIL) for the year ended September 30, 2025, reported a 72% increase in Net Interest Income totaling $1.11 billion compared to $646.22 million in the corresponding period last year. Net Interest Income for the fourth quarter had a 274% increase to close at $626.27 million compared to $167.38 million for the comparable quarter of 2024.

• Fees and Commission Income for the year ended September 30, 2025, amounted to $4.16 billion (2024: $3.71 billion).
• Foreign Exchange Trading and Translation Gains for the year amounted to $444.07 million (2024: $593.92 million).
• Gain on Sale of Investments for the year ended September 30, 2025, amounted to $2.76 billion (2024: $4.87 billion).
• Other income for the year amounted to $118.83 million (2024: $117.22 million).

Consequently, Net Operating Revenue for the year ended September 30, 2025, amounted to $8.67 billion (2024: $10.00 billion). For the fourth quarter, Net operating Revenue amounted to $2.40 billion (2024: $2.96 billion).

Staff Costs increased by 2% to close at $1.70 billion (2024: $1.66 billion), while Admin costs increased by 4% from $2.68 billion in 2024 to $2.80 billion in the period under review. Also, Impairment/ Expected Credit Loss (ECL) amounted to $147.96 million (2024: $640.95 million), this represents a decrease of 77% year over year. As a result, total expenses for the year ended September 30, 2025, amounted to $4.64 billion, a 7% decrease relative to $4.98 billion reported in 2024.

Operating profit for the year ended September 30, 2025, amounted to $4.03 billion, a 20% decrease relative to $5.01 billion reported in 2024. Operating profit for the fourth quarter amounted to $984.21 million (2024: $1.17 billion).

Share of results of associated company amounted to a loss of $113.71 million, a 572% decrease from the corresponding period last year. (2024: Gains of $24.08 million).

Profit Before Taxation for the year ended September 30, 2025, amounted to $3.92 billion, a 22% decrease relative to $5.04 billion reported in 2024. Profit Before Taxation for the fourth quarter amounted to $1.00 billion (2024: $1.13 billion).

Taxation for the year ended September 30, 2025, had a 26% decrease to reach $904.76 million (2024: $1.22 billion). As such, Net Profit for the year amounted to $3.01 billion, a 21% decrease from the $3.82 billion reported in 2024. For the fourth quarter, Net Profit was $766.12 million (2024: $929.60 million).

Consequently, Earnings Per Share for the year amounted to $2.47 (2024: EPS: $3.13), while Earnings Per Share for the quarter totaled $0.63 (2024: EPS: $0.76). The twelve-month trailing EPS was $2.47, and the number of shares used in these calculations was 1,220,388,243.

Notably, BIL’s stock price closed the trading period on February 02, 2026, at a price of $69.79 with a corresponding P/E ratio of 28.28x.

Balance Sheet Highlights

The company’s assets totalled $149.61 billion (2024: $142.32 billion). The 5% increase in total assets was driven primarily by growth in pledged assets and marketable securities of $10.38 billion, and by a $3.89 billion increase in receivables. These movements were partially offset by reductions of $4.73 billion in repo assets and $4.76 billion in loans.

Shareholder’s equity was $35.11 billion (2024: $35.30 billion), representing a book value per share of $28.77 (2024: $28.93).

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