Financials NatWest Group plc

Equities

Market Closed - London S.E. Other stock markets 16:35:18 10/02/2026 GMT			5-day change	1st Jan Change
605.00 ^GBX	-2.42%		-11.55%	-7.18%

12:13pm	FTSE 100 dips as banks slide, mid-caps rise	AN
07:15am	Barclays lifts profit and targets as it looks to US to boost returns	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	10,796	10,512	13,156	14,752	14,703	16,466	17,490	18,415
Change	-	-2.63%	25.15%	12.13%	-0.33%	11.99%	6.22%	5.28%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	4,017	4,001	5,469	6,756	6,554	8,122	8,915	9,629
Change	-	-0.4%	36.69%	23.53%	-2.99%	23.93%	9.76%	8.01%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-351	4,032	5,132	6,178	6,195	7,430	7,974	8,547
Change	-	1,248.72%	27.28%	20.38%	0.28%	19.93%	7.32%	7.19%
Net income ¹	-753	2,950	3,340	4,394	4,519	5,252	5,446	5,859
Change	-	491.77%	13.22%	31.56%	2.84%	16.21%	3.7%	7.59%
Announcement Date	19/02/21	18/02/22	17/02/23	16/02/24	14/02/25	-	-	-

¹GBP in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	2,554	2,657	2,660	2,774	2,622	3,027	3,211	3,229	3,708	3,876	3,851	3,488	3,537	3,475	3,659	3,744	3,825	3,980	4,005	4,332	4,212	4,209	4,325	4,456	4,443
Change	-	4.03%	0.11%	4.29%	-5.48%	15.45%	6.08%	0.56%	14.83%	4.53%	-0.64%	-9.43%	1.4%	-1.75%	5.29%	2.32%	2.16%	4.05%	0.63%	8.16%	-2.78%	-0.07%	2.76%	3.03%	-0.29%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	714	1,018	1,092	1,203	858	1,207	1,378	1,333	1,570	1,888	1,924	1,561	1,383	1,423	-	1,919	-	2,001	1,966	2,336	-	-	-	-	-
Change	-	42.58%	7.27%	10.16%	-28.68%	40.68%	14.17%	-3.27%	17.78%	20.25%	1.91%	-18.87%	-11.4%	2.89%	-	-	-	-	-1.75%	18.82%	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	64	946	1,559	1,074	635	1,245	1,396	1,086	1,426	1,818	1,771	1,332	1,257	-	-	1,674	1,492	1,812	1,773	2,183	1,708	-	-	-	-
Change	-	1,378.12%	64.8%	-31.11%	-40.88%	96.06%	12.13%	-22.21%	31.31%	27.49%	-2.59%	-24.79%	-5.63%	-	-	-	-10.87%	21.45%	-2.15%	23.12%	-21.76%	-	-	-	-
Net income ¹	-109	620	1,222	674	434	841	1,050	187	1,262	1,279	1,020	866	1,229	918	1,181	1,172	1,248	1,252	1,236	1,598	1,059	1,279	1,330	1,404	1,339
Change	-	668.81%	97.1%	-44.84%	-35.61%	93.78%	24.85%	-82.19%	574.87%	1.35%	-20.25%	-15.1%	41.92%	-25.31%	28.65%	-0.76%	6.48%	0.32%	-1.28%	29.29%	-33.75%	20.79%	4%	5.57%	-4.61%
Announcement Date	19/02/21	29/04/21	30/07/21	29/10/21	18/02/22	29/04/22	29/07/22	28/10/22	17/02/23	28/04/23	28/07/23	27/10/23	16/02/24	26/04/24	26/07/24	25/10/24	14/02/25	02/05/25	25/07/25	24/10/25	-	-	-	-	-

¹GBP in Million

Estimates

¹GBP in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	19/02/21	18/02/22	17/02/23	16/02/24	14/02/25	-	-	-

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	559	376	901	639	811	464
Change	-	-32.74%	139.63%	-29.08%	26.92%	-42.79%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	14/02/20	19/02/21	18/02/22	17/02/23	16/02/24	14/02/25

¹GBP in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	37.21%	38.06%	41.57%	45.8%	44.58%	49.33%	50.97%	52.29%
EBT Margin (%)	-	-3.25%	38.36%	39.01%	41.88%	42.13%	45.12%	45.59%	46.41%
Net margin (%)	-	-6.97%	28.06%	25.39%	29.79%	30.74%	31.89%	31.14%	31.82%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	-0.1%	0.37%	0.44%	0.62%	0.65%	0.71%	0.74%	0.77%
ROE	-	-2.4%	6.89%	8.53%	12.1%	11.9%	14.21%	14.43%	14.78%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.0323	0.1131	0.303	0.17	0.215	0.3199	0.3477	0.3864
Change	-	-	249.98%	167.95%	-43.89%	26.47%	48.81%	8.69%	11.11%
Book Value Per Share ¹	-	3.894	3.873	3.778	4.226	4.892	4.706	5.06	5.432
Change	-	-	-0.55%	-2.46%	11.88%	15.77%	-3.81%	7.52%	7.34%
EPS ¹	-	-0.0668	0.2725	0.336	0.477	0.531	0.6442	0.697	0.7384
Change	-	-	508.06%	23.32%	41.96%	11.32%	21.32%	8.19%	5.94%
Nbr of stocks (in thousands)	-	11,247,939	10,463,285	9,658,084	8,791,563	8,042,415	7,974,068	7,974,068	7,974,068
Announcement Date	-	19/02/21	18/02/22	17/02/23	16/02/24	14/02/25	-	-	-