NATWEST MARKETS PLC financials
NATWEST MARKETS PLC
Country: GB Reporting currency: GBP Latest annual report: 2025-12-31
LEI:
RR3QWICWWIPCS8A4S074 Financial statements
(GBP, as reported — unscaled; 78 line items across 2 annual periods)
| Line item | 2025 | 2024 |
|---|---|---|
| Income statement | ||
| Administrative expenses | £711.0M | £671.0M |
| Operating expenses | £1.31B | £1.21B |
| Employee benefits expense | £506.0M | £452.0M |
| Depreciation & amortisation | £12.0M | £10.0M |
| Profit before tax | £160.0M | £37.0M |
| Income tax expense | -£115.0M | -£26.0M |
| Profit for the year | £275.0M | £63.0M |
| — attributable to NCI | £0 | £10.0M |
| Total comprehensive income | £378.0M | £32.0M |
| Cash flow statement | ||
| Net cash from operating activities | -£2.48B | -£135.0M |
| Net cash from investing activities | -£165.0M | -£1.33B |
| Purchase of PP&E (capex) | £1.0M | £2.0M |
| Net cash from financing activities | -£557.0M | £1.59B |
| Dividends paid | £108.0M | £80.0M |
| Balance sheet | ||
| Total assets | £168.37B | £183.17B |
| Total equity | £6.96B | £6.93B |
| — attributable to owners | £6.96B | £6.93B |
| Non-controlling interests | £0 | £0 |
| Derived metrics | ||
| Free cash flow | -£2.48B | -£137.0M |
| Return on equity | 3.9% | 0.9% |
| Cash conversion ratio | -9.00× | -2.14× |
| Capex coverage | -2476.00× | -67.50× |
| Other reported items | ||
| Adjustments To Reconcile Profit Loss Other Than Changes In Working Capital | -£1.00B | £143.0M |
| Cash and Bank Balances At Central Banks | £16.02B | £16.23B |
| Cash and Cash Equivalents If Different From Statement of Financial Position | £21.66B | £24.54B |
| Comprehensive Income Attributable To Noncontrolling Interests | £0 | £9.0M |
| Deposits At Fair Value Through Profit Or Loss That Meet Definition of Held For Trading | £48.85B | £54.51B |
| Deposits From Banks At Amortised Cost | £8.50B | £4.57B |
| Deposits From Customers At Amortised Cost | £7.16B | £4.84B |
| Derivative Financial Assets | £60.87B | £78.11B |
| Derivative Financial Liabilities | £53.98B | £72.04B |
| Dividends Received Classified As Investing Activities | £0 | £0 |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | £319.0M | -£532.0M |
| Equity and Liabilities | £168.37B | £183.17B |
| Fee and Commission Expense | £188.0M | £213.0M |
| Fee and Commission Income | £417.0M | £476.0M |
| Impairment Loss Impairment Gain and Reversal of Impairment Loss Determined In Accordance With IFRS9 | £3.0M | -£8.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | £46.0M | -£16.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | £8.0M | -£23.0M |
| Income Taxes Paid Refund Classified As Operating Activities | -£96.0M | £89.0M |
| Increase Decrease In Cash and Cash Equivalents | -£2.88B | -£407.0M |
| Increase Decrease In Working Capital | £1.73B | £226.0M |
| Interest Expense | £2.10B | £2.29B |
| Interest Paid Classified As Operating Activities | £2.09B | £2.23B |
| Interest Received Classified As Investing Activities | £913.0M | £971.0M |
| Interest Received Classified As Operating Activities | £2.60B | £2.66B |
| Interest Revenue Calculated Using Effective Interest Method | £2.58B | £2.72B |
| Interest Revenue Expense | £488.0M | £432.0M |
| Investments In Subsidiaries | £0 | £0 |
| Liabilities | £161.41B | £176.24B |
| Loans and Advances At Fair Value Through Profit Or Loss Classified As Held For Trading | £46.17B | £48.88B |
| Loans and Advances To Banks At Amortised Cost | £1.22B | £1.17B |
| Loans and Advances To Customers At Amortised Cost | £23.45B | £17.92B |
| Other Assets | £619.0M | £621.0M |
| Other Comprehensive Income | £103.0M | -£31.0M |
| Other Comprehensive Income Before Tax Cash Flow Hedges | £127.0M | -£29.0M |
| Other Comprehensive Income Before Tax Change In Fair Value of Financial Liability Attributable To Change In Credit Risk of Liability | -£17.0M | -£33.0M |
| Other Comprehensive Income Before Tax Exchange Differences On Translation | £23.0M | -£14.0M |
| Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | £16.0M | £5.0M |
| Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments | £3.0M | £14.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | £5.0M | -£13.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | £120.0M | -£22.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | -£17.0M | -£9.0M |
| Other Financial Assets | £19.08B | £17.85B |
| Other Financial Liabilities | £35.45B | £31.26B |
| Other Liabilities | £469.0M | £521.0M |
| Other Operating Income Expense | £96.0M | -£43.0M |
| Proceeds From Issue of Ordinary Shares | £600.0M | £592.0M |
| Proceeds From Issue of Subordinated Liabilities | £0 | £918.0M |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | £0 | £8.0M |
| Proceeds From Sales Or Maturity of Financial Instruments Classified As Investing Activities | £9.57B | £5.71B |
| Profit Loss Attributable To Ordinary Equity Holders of Parent Entity | £167.0M | -£20.0M |
| Purchase of Financial Instruments Classified As Investing Activities | £10.64B | £8.02B |
| Purchase of Interests In Investments Accounted For Using Equity Method | £0 | £1.0M |
| Repayments of Subordinated Liabilities | £0 | £814.0M |
| Trade and Other Payables To Related Parties | £6.07B | £6.77B |
| Trade and Other Receivables Due From Related Parties | £287.0M | £343.0M |
| Trading Income Expense | £658.0M | £585.0M |
Methodology
Every line item above is a fact tagged in NATWEST MARKETS 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.