NatWest Group plc (NWG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	30.2B	29.5B	28.6B	24.8B	16.1B
Cost of Revenue	12.6B	12.9B	13.9B	10.0B	2.8B
Gross Profit	17.6B	16.6B	14.7B	14.8B	13.4B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	2.5B	1.4B	1.4B	1.6B	1.6B
General & Admin Expense	2.5B	1.4B	1.4B	1.6B	1.6B
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	6.6B	7.5B	7.0B	7.0B	6.6B
Total Operating Expenses	9.1B	8.9B	8.5B	8.6B	8.2B
Cost and Expenses	21.7B	21.8B	22.4B	18.6B	11.0B
Operating Income (EBIT)	8.5B	7.7B	6.2B	6.2B	5.1B
Non-Operating
Interest Income	26.1B	25.7B	25.2B	21.0B	12.6B
Interest Expense	12.5B	12.9B	13.9B	10.0B	2.8B
Net Interest Income	13.6B	12.8B	11.3B	11.0B	9.8B
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	8.5B	7.7B	6.2B	6.2B	5.1B
Income Tax Expense	2.1B	1.9B	1.5B	1.4B	1.3B
Bottom Line
Net Income	6.3B	5.8B	4.8B	4.6B	3.6B
Earnings from Cont. Ops	6.3B	5.8B	4.7B	4.7B	3.9B
Earnings from Discont. Ops	—	—	81.0M	(112.0M)	(262.0M)
Bottom Line Net Income	6.0B	5.5B	4.5B	4.4B	3.3B
Per Share
Basic EPS	$3.00	$2.72	$2.12	$1.96	$1.36
Diluted EPS	$2.60	$2.70	$2.12	$1.96	$1.36
Revenue Per Share	$15.14	$14.64	$13.52	$10.75	$6.54
Shares
Basic Shares Outstanding	2.0B	2.0B	2.1B	2.3B	2.5B
Diluted Shares Outstanding	2.0B	2.0B	2.1B	2.3B	2.5B
Profitability Metrics
EBITDA	9.3B	8.9B	7.3B	7.1B	6.0B
D&A	877.0M	1.2B	1.1B	934.0M	833.0M
EBIT	8.5B	7.7B	6.2B	6.2B	5.1B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026