Financials NatWest Group plc

Equities

Market Closed - London S.E. Other stock markets 11:35:22 2025-12-05 am EST			5-day change	1st Jan Change
617.60 ^GBX	-1.31%		-2.31%	+53.59%

Dec. 05	Barclays Eyes Bid for British Wealth Manager Evelyn Partners	MT
Dec. 04	UBS cuts Diageo; Goldman Sachs cuts NatWest	AN

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	10,796	10,512	13,156	14,752	14,703	16,445	17,475	18,410
Change	-	-2.63%	25.15%	12.13%	-0.33%	11.84%	6.27%	5.35%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	4,017	4,001	5,469	6,756	6,554	8,113	8,919	9,623
Change	-	-0.4%	36.69%	23.53%	-2.99%	23.79%	9.93%	7.88%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-351	4,032	5,132	6,178	6,195	7,432	7,953	8,549
Change	-	1,248.72%	27.28%	20.38%	0.28%	19.97%	7%	7.5%
Net income ¹	-753	2,950	3,340	4,394	4,519	5,252	5,463	5,852
Change	-	491.77%	13.22%	31.56%	2.84%	16.23%	4.01%	7.12%
Announcement Date	2/19/21	2/18/22	2/17/23	2/16/24	2/14/25	-	-	-

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
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	4,181	4,238	4,344	4,489
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%	-3.48%	1.36%	2.51%	3.33%
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)	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	-	-	-	-
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%	-	-	-	-
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	1,123	-	-	-
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%	-29.73%	-	-	-
Announcement Date	2/19/21	4/29/21	7/30/21	10/29/21	2/18/22	4/29/22	7/29/22	10/28/22	2/17/23	4/28/23	7/28/23	10/27/23	2/16/24	4/26/24	7/26/24	10/25/24	2/14/25	5/2/25	7/25/25	10/24/25	-	-	-	-

¹GBP in Million

Estimates

¹GBP in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	2/19/21	2/18/22	2/17/23	2/16/24	2/14/25	-	-	-

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	2/14/20	2/19/21	2/18/22	2/17/23	2/16/24	2/14/25

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%	49.34%	51.04%	52.27%
EBT Margin (%)	-	-3.25%	38.36%	39.01%	41.88%	42.13%	45.2%	45.51%	46.44%
Net margin (%)	-	-6.97%	28.06%	25.39%	29.79%	30.74%	31.94%	31.26%	31.79%
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%	14.25%	14.45%	14.89%
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	0.3198	0.3469	0.3872
Change	-	-	249.98%	167.95%	-43.89%	26.47%	48.73%	8.48%	11.62%
Book Value Per Share ¹	-	3.894	3.873	3.778	4.226	4.892	4.708	5.063	5.434
Change	-	-	-0.55%	-2.46%	11.88%	15.77%	-3.77%	7.53%	7.33%
EPS ¹	-	-0.0668	0.2725	0.336	0.477	0.531	0.6414	0.6942	0.7372
Change	-	-	508.06%	23.32%	41.96%	11.32%	20.78%	8.24%	6.2%
Nbr of stocks (in thousands)	-	11,247,939	10,463,285	9,658,084	8,791,563	8,042,415	8,001,054	8,001,054	8,001,054
Announcement Date	-	2/19/21	2/18/22	2/17/23	2/16/24	2/14/25	-	-	-