NATWEST GROUP PLC financials
Also U.S.-listed. NATWEST GROUP PLC is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: NWG — NatWest Group plc
NATWEST GROUP PLC
Country: GB Reporting currency: GBP Latest annual report: 2025-12-31
LEI:
2138005O9XJIJN4JPN90 Financial statements
(GBP, as reported — unscaled; 102 line items across 3 annual periods)
| Line item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Income statement | |||
| Operating expenses | £8.26B | £8.15B | £8.00B |
| Employee benefits expense | £4.17B | £4.06B | £3.90B |
| Depreciation & amortisation | £1.15B | £1.06B | £934.0M |
| Profit before tax | £7.71B | £6.20B | £6.18B |
| Income tax expense | £1.87B | £1.47B | £1.43B |
| Profit for the year | £5.83B | £4.81B | £4.63B |
| — attributable to NCI | £3.0M | £9.0M | -£4.0M |
| Total comprehensive income | £6.67B | £5.10B | £4.69B |
| Per share | |||
| Basic EPS | £0.68 | £0.54 | £0.48 |
| Diluted EPS | £0.67 | £0.53 | £0.48 |
| Free cash flow / share | £0.74 | £0.14 | £-1.88 |
| Cash flow statement | |||
| Net cash from operating activities | £7.07B | £1.77B | -£17.44B |
| Net cash from investing activities | -£13.77B | -£12.70B | -£14.69B |
| Purchase of PP&E (capex) | £665.0M | £464.0M | £811.0M |
| Net cash from financing activities | -£3.49B | -£1.89B | -£6.30B |
| Dividends paid | £2.38B | £1.80B | £1.70B |
| Balance sheet | |||
| Total assets | £714.55B | £707.99B | — |
| Intangible assets & goodwill | £7.29B | £7.59B | — |
| Cash & equivalents | £95.43B | £104.84B | £118.82B |
| Total equity | £42.61B | £39.38B | £37.19B |
| — attributable to owners | £42.60B | £39.35B | — |
| Non-controlling interests | £14.0M | £28.0M | — |
| Derived metrics | |||
| Free cash flow | £6.41B | £1.31B | -£18.25B |
| Return on equity | 13.7% | 12.2% | 12.5% |
| Cash conversion ratio | 1.21× | 0.37× | -3.76× |
| Capex coverage | 10.63× | 3.82× | -21.50× |
| Other reported items | |||
| Adjustments To Reconcile Profit Loss Other Than Changes In Working Capital | £184.0M | £4.37B | £3.21B |
| Basic Earnings Loss Per Share From Continuing Operations | £0.68 | £0.53 | £0.49 |
| Basic Earnings Loss Per Share From Discontinued Operations | £0.00 | £0.01 | £-0.01 |
| Cash and Bank Balances At Central Banks | £85.18B | £92.99B | — |
| Cash Outflow For Leases | £94.0M | £95.0M | £122.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | £3.0M | £9.0M | -£4.0M |
| Current Notes and Debentures Issued and Current Portion of Noncurrent Notes and Debentures Issued | £3.16B | £3.32B | — |
| Deposits From Banks At Amortised Cost | £44.09B | £31.45B | — |
| Deposits From Customers At Amortised Cost | £443.00B | £433.49B | — |
| Derivative Financial Assets | £60.79B | £78.41B | — |
| Derivative Financial Liabilities | £53.97B | £72.08B | — |
| Diluted Earnings Loss Per Share From Continuing Operations | £0.67 | £0.52 | £0.49 |
| Diluted Earnings Loss Per Share From Discontinued Operations | £0.00 | £0.01 | £-0.01 |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | £1.80B | — | — |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | £0.23 | — | — |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | £775.0M | -£1.17B | -£1.19B |
| Equity and Liabilities | £714.55B | £707.99B | — |
| Fee and Commission Expense | £733.0M | £708.0M | £653.0M |
| Fee and Commission Income | £3.25B | £3.17B | £2.98B |
| Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading | £46.54B | £48.92B | — |
| Financial Liabilities At Fair Value Through Profit Or Loss Classified As Held For Trading | £49.02B | £54.71B | — |
| Gains Losses On Cash Flow Hedges Before Tax | £69.0M | -£872.0M | £187.0M |
| Gains Losses On Exchange Differences On Translation Before Tax | £51.0M | -£194.0M | -£239.0M |
| Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax | £174.0M | -£40.0M | £22.0M |
| Gains Losses On Hedges of Net Investments In Foreign Operations Before Tax | -£92.0M | £122.0M | £107.0M |
| Impairment Loss Impairment Gain and Reversal of Impairment Loss Determined In Accordance With IFRS9 | £671.0M | £359.0M | £578.0M |
| Income Tax Relating To Components of Other Comprehensive Income | £313.0M | £119.0M | £282.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | £297.0M | £178.0M | £361.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | £16.0M | -£59.0M | -£79.0M |
| Income Taxes Paid Refund Classified As Operating Activities | £1.79B | £1.60B | £1.03B |
| Increase Decrease In Cash and Cash Equivalents | -£9.41B | -£13.98B | -£39.63B |
| Increase Decrease In Working Capital | -£972.0M | £7.27B | £25.68B |
| Increase Decrease Through Acquisition of Subsidiary | — | — | £32.0M |
| Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss of Control | -£21.0M | — | — |
| Increase Decrease Through Sharebased Payment Transactions | £31.0M | £23.0M | -£35.0M |
| Increase Decrease Through Treasury Share Transactions | -£579.0M | -£2.18B | -£2.06B |
| Interest Expense | £12.87B | £13.91B | £9.98B |
| Interest Paid Classified As Operating Activities | £13.03B | £13.69B | £8.87B |
| Interest Received Classified As Investing Activities | £2.49B | £1.83B | £1.10B |
| Interest Received Classified As Operating Activities | £25.40B | £25.00B | £20.34B |
| Interest Revenue Calculated Using Effective Interest Method | £25.70B | £25.19B | £21.03B |
| Interest Revenue Expense | £12.83B | £11.28B | £11.05B |
| Issue of Equity | £1.25B | £1.39B | — |
| Liabilities | £671.94B | £668.61B | — |
| Loans and Advances To Banks At Amortised Cost | £6.96B | £6.03B | — |
| Loans and Advances To Customers At Amortised Cost | £418.88B | £400.33B | — |
| Other Assets | £8.50B | £8.40B | — |
| Other Comprehensive Income | £838.0M | £290.0M | £54.0M |
| Other Comprehensive Income Before Tax Cash Flow Hedges | £968.0M | £622.0M | £1.21B |
| Other Comprehensive Income Before Tax Change In Fair Value of Financial Liability Attributable To Change In Credit Risk of Liability | -£17.0M | -£33.0M | -£39.0M |
| Other Comprehensive Income Before Tax Exchange Differences On Translation | -£13.0M | £5.0M | -£619.0M |
| Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | £142.0M | -£25.0M | £49.0M |
| Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments | £40.0M | £6.0M | £17.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | £31.0M | -£166.0M | -£280.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | £800.0M | £424.0M | £277.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | £38.0M | -£134.0M | -£223.0M |
| Other Financial Assets | £79.77B | £63.24B | — |
| Other Financial Liabilities | £67.60B | £61.09B | — |
| Other Liabilities | £4.03B | £4.60B | — |
| Other Operating Income Expense | £186.0M | £136.0M | £579.0M |
| Payments From Changes In Ownership Interests In Subsidiaries | £21.0M | £0 | £0 |
| Payments To Acquire Or Redeem Entitys Shares | £579.0M | £2.72B | £2.42B |
| Proceeds From Issue of Subordinated Liabilities | £828.0M | £1.39B | £611.0M |
| Proceeds From Issuing Other Equity Instruments | £1.25B | £1.39B | £0 |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | £60.0M | £198.0M | £128.0M |
| Proceeds From Sales Or Maturity of Financial Instruments Classified As Investing Activities | £46.75B | £41.62B | £25.20B |
| Profit Loss Attributable To Ordinary Equity Holders of Parent Entity | £5.48B | £4.52B | £4.39B |
| Profit Loss From Continuing Operations | £5.83B | £4.73B | £4.74B |
| Profit Loss From Discontinued Operations | £0 | £81.0M | -£112.0M |
| Purchase of Financial Instruments Classified As Investing Activities | £62.03B | £53.96B | £44.91B |
| Purchase of Treasury Shares | — | £540.0M | £359.0M |
| Repayments of Subordinated Liabilities | £1.00B | £999.0M | £1.25B |
| Reverse Repurchase Agreements and Cash Collateral On Securities Borrowed | £19.85B | £13.55B | — |
| Share Issue Related Cost | £2.8M | £2.4M | — |
| Subordinated Liabilities | £6.12B | £6.14B | — |
| Trading Income Expense | £1.11B | £825.0M | £794.0M |
Methodology
Every line item above is a fact tagged in NATWEST GROUP PLC's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (GBP), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.