Financials Federal National Mortgage Association

Equities

Delayed OTC Markets Other stock markets 11:58:13 2025-01-14 am EST			5-day change	1st Jan Change
6.990 ^USD	+27.32%		+53.52%	+112.96%

Jan. 08	Bill Ackman Chases 1,200% Profit on GSE Trade	MT
Jan. 07	Freddie Mac's interim CFO to assume role permanently	RE

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
Net sales ¹	20,962	24,866	29,587	28,773	28,858	30,182	30,639
Change	-	18.62%	18.99%	-	0.29%	4.59%	1.51%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Interest Paid	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	17,577	14,879	27,949	21,956	20,825	19,876	17,812
Change	-	-15.35%	87.84%	-	-5.15%	-4.56%	-10.38%
Net income ¹	191	15	-	3	-	-	-
Change	-	-92.15%	-100%	-	-100%	-	-
Announcement Date	2/13/20	2/12/21	2/15/22	2/15/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2023 Q2	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	5,850	5,347	5,777	6,656	7,086	6,742	8,286	6,972	7,587	7,399	7,808	-	7,732	7,023	7,268	7,275	7,292	7,522	7,535	7,548	7,578
Change	-	-8.6%	8.04%	15.22%	6.46%	-4.85%	22.9%	-15.86%	8.82%	-2.48%	5.53%	-100%	-	-9.17%	3.49%	0.1%	0.23%	3.15%	0.18%	0.17%	0.4%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	5,230	578	3,214	5,378	5,709	6,315	9,034	6,108	-	5,573	5,875	6,279	4,956	5,433	5,604	5,053	4,735	4,961	4,979	4,968	4,969
Change	-	-88.95%	456.06%	67.33%	6.15%	10.61%	43.06%	-32.39%	-100%	-	5.42%	6.88%	-21.07%	9.62%	3.15%	-9.83%	-6.29%	4.77%	0.36%	-0.23%	0.03%
Net income ¹	99	-15	13	13	4	27	32	14	-	7	4	4,994	-14	-4	7	-3	-	-	-	-	-
Change	-	-	-	0%	-69.23%	575%	18.52%	-56.25%	-100%	-	-42.86%	124,750%	-	-71.43%	-	-	100%	-	-	-	-
Announcement Date	2/13/20	5/1/20	7/30/20	10/29/20	2/12/21	4/30/21	8/3/21	10/29/21	2/15/22	5/3/22	7/29/22	8/1/23	2/15/24	4/30/24	7/30/24	10/31/24	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	2/13/20	2/12/21	2/15/22	2/15/24	-	-	-

Estimates

Fiscal Period:

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	-	-	-	-	-	-	-	-
EBT Margin (%)	-	83.85%	59.84%	94.46%	-	76.31%	72.16%	65.85%	58.14%
Net margin (%)	-	0.91%	0.06%	-	-	0.01%	-	-	-
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	0.47%	0.41%	0.32%	0.54%	0.3%	0.4%	-	-	-
ROE	1,249.73%	135.84%	59.22%	61.08%	24.01%	25.24%	-	-	-
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	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-21.76	-19.55	-	-	-	-7.83	-5.43	-3.03
Change	-	-	-10.13%	-	-	-	-	-30.65%	-44.2%
EPS ¹	-	0.03	-	0.01	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	-	5,738,840	5,738,840	5,738,840	5,738,840	5,738,840	5,738,840	5,738,840	5,738,840
Announcement Date	-	2/13/20	2/12/21	2/15/22	2/14/23	2/15/24	-	-	-