NWG

NWG

NatWest Group plc

💱 Reports in GBP

$16.23

+$0.67 (+4.31%)

Mkt Cap: $32.31B

Home / NWG / Financial Statements

NatWest Group plc (NWG) Financial Statements

💱 All figures reported in GBP (£)

Export as clean Markdown. Drag & drop into ChatGPT, Claude, or Gemini.

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	£29.58B	£29.48B ↑3.2%	£28.57B ↑15.4%	£24.76B ↑53.3%	£16.15B ↑34.1%	£12.04B
Cost of Revenue	£12.61B	£12.87B ↓7.5%	£13.91B ↑39.4%	£9.98B ↑257.0%	£2.79B ↑64.5%	£1.70B
Gross Profit	£16.97B	£16.61B ↑13.3%	£14.65B ↓0.9%	£14.78B ↑10.7%	£13.35B ↑29.1%	£10.34B
R&D Expenses	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
SG&A Expenses	£1.47B	£1.42B ↓1.6%	£1.45B ↓10.0%	£1.61B ↑1.3%	£1.58B ↑8.5%	£1.46B
Operating Income	£7.93B	£7.71B ↑24.4%	£6.20B ↑0.3%	£6.18B ↑20.4%	£5.13B ↑33.5%	£3.84B
Interest Expense	£12.61B	£12.87B ↓7.5%	£13.91B ↑39.4%	£9.98B ↑257.0%	£2.79B ↑64.5%	£1.70B
Income Tax	£1.93B	£1.87B ↑27.9%	£1.47B ↑2.2%	£1.43B ↑12.5%	£1.27B ↑28.0%	£996.00M
Net Income	£5.99B	£5.83B ↑21.4%	£4.80B ↑3.6%	£4.64B ↑29.2%	£3.59B ↑9.8%	£3.27B
EBITDA	£9.10B	£8.86B ↑22.2%	£7.25B ↑2.0%	£7.11B ↑19.2%	£5.96B ↑25.1%	£4.77B
EPS	2.40	2.70 ↑27.4%	2.12 ↑8.2%	1.96 ↑44.1%	1.36 ↑25.9%	1.08
Shares Out (Diluted)	8.12B	2.03B ↓4.6%	2.13B ↓7.6%	2.30B ↓7.2%	2.48B ↓8.3%	2.71B

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Revenue	£29.58B	£7.38B ↑1.6%	£7.39B ↑1.8%	£7.55B ↑3.5%	£7.25B ↑1.8%	£7.27B ↑5.7%	£7.26B ↑5.5%	£7.29B ↑14.0%	£7.13B ↑18.3%	£6.88B ↑25.6%	£6.88B ↑35.4%	£6.39B ↑62.6%	£6.02B ↑60.7%	£5.47B ↑60.5%	£5.08B ↑85.9%	£3.93B ↑26.1%	£3.75B ↑20.5%	£3.41B ↑13.4%	£2.73B	£3.12B	£3.11B	£3.01B
Cost of Revenue	£12.61B	£3.03B ↓8.0%	£3.10B ↓11.0%	£3.21B ↓9.3%	£3.26B ↓6.2%	£3.29B ↓3.4%	£3.48B ↑5.1%	£3.54B ↑22.1%	£3.48B ↑61.2%	£3.40B ↑112.9%	£3.32B ↑181.6%	£2.90B ↑314.3%	£2.16B ↑320.5%	£1.60B ↑296.8%	£1.18B ↑192.3%	£701.00M ↑63.0%	£513.00M ↑14.5%	£403.00M ↓3.6%	£403.00M	£430.00M	£448.00M	£418.00M
Gross Profit	£16.97B	£4.36B ↑9.5%	£4.29B ↑13.7%	£4.33B ↑15.7%	£3.99B ↑9.3%	£3.98B ↑14.5%	£3.77B ↑5.9%	£3.74B ↑7.3%	£3.65B ↓5.6%	£3.48B ↓10.3%	£3.56B ↓8.7%	£3.49B ↑8.0%	£3.87B ↑19.5%	£3.88B ↑28.9%	£3.90B ↑67.6%	£3.23B ↑20.2%	£3.24B ↑21.6%	£3.01B ↑16.1%	£2.33B	£2.69B	£2.66B	£2.59B
R&D Expenses	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
SG&A Expenses	£1.47B	£368.00M ↑15.0%	£440.00M ↑14.9%	£323.00M ↑5.2%	£337.00M ↑4.7%	£320.00M ↓20.0%	£383.00M ↓16.4%	£307.00M ↓23.3%	£322.00M ↓12.7%	£400.00M ↑1.5%	£458.00M ↑312.6%	£400.00M ↓1.5%	£369.00M ↑2.5%	£394.00M ↑6.8%	£111.00M ↓84.9%	£406.00M ↓31.0%	£360.00M ↑12.9%	£369.00M ↑2.2%	£735.00M	£588.00M	£319.00M	£361.00M
Operating Income	£7.93B	£2.03B ↑12.2%	£1.94B ↑30.0%	£2.18B ↑30.4%	£1.77B ↑4.4%	£1.81B ↑36.2%	£1.49B ↑18.7%	£1.67B ↑25.7%	£1.70B ↓4.1%	£1.33B ↓26.8%	£1.26B ↓11.9%	£1.33B ↑22.7%	£1.77B ↑28.8%	£1.82B ↑48.5%	£1.43B ↑214.8%	£1.09B ↑11.3%	£1.38B ↓11.8%	£1.22B ↑38.3%	£453.00M	£976.00M	£1.56B	£885.00M
Interest Expense	£12.61B	£3.03B ↓8.0%	£3.10B ↓11.0%	£3.21B ↓9.3%	£3.26B ↓6.2%	£3.29B ↓3.4%	£3.48B ↑5.1%	£3.54B ↑22.1%	£3.48B ↑61.2%	£3.40B ↑112.9%	£3.32B ↑181.6%	£2.90B ↑314.3%	£2.16B ↑320.5%	£1.60B ↑296.8%	£1.18B ↑192.3%	£701.00M ↑63.0%	£513.00M ↑14.5%	£403.00M ↓3.6%	£403.00M	£430.00M	£448.00M	£418.00M
Income Tax	£1.93B	£526.00M ↑11.7%	£462.00M ↑98.3%	£502.00M ↑16.5%	£439.00M ↓5.0%	£471.00M ↑38.9%	£233.00M	£431.00M ↑14.0%	£462.00M ↓15.8%	£339.00M ↓33.8%	-£5.00M ↓110.9%	£378.00M ↓12.9%	£549.00M ↑34.2%	£512.00M ↑32.6%	£46.00M ↓80.1%	£434.00M ↑31.5%	£409.00M ↑102.5%	£386.00M ↑65.7%	£231.00M	£330.00M	£202.00M	£233.00M
Net Income	£5.99B	£1.50B ↑12.1%	£1.48B ↑11.1%	£1.68B ↑34.9%	£1.33B ↑6.6%	£1.34B ↑37.2%	£1.33B ↑3.1%	£1.25B ↑34.3%	£1.25B ↑15.7%	£978.00M ↓27.0%	£1.29B ↓2.6%	£927.00M ↑265.0%	£1.08B ↓2.9%	£1.34B ↑48.9%	£1.32B ↑166.2%	£254.00M ↓65.8%	£1.11B ↓15.6%	£900.00M ↑26.4%	£497.00M	£742.00M	£1.32B	£712.00M
EBITDA	£9.10B	£2.31B ↑11.3%	£2.24B ↑24.7%	£2.48B ↑29.2%	£2.06B ↑6.7%	£2.08B ↑29.6%	£1.80B ↑19.1%	£1.92B ↑24.2%	£1.93B ↓4.6%	£1.60B ↓21.0%	£1.51B ↓8.4%	£1.55B ↑20.2%	£2.03B ↑27.5%	£2.03B ↑42.9%	£1.65B ↑115.7%	£1.29B ↑9.4%	£1.59B ↓9.4%	£1.42B ↑30.4%	£763.00M	£1.18B	£1.76B	£1.09B
EPS	2.40	0.72 ↑16.1%	0.68 ↑13.3%	0.40 ↓28.6%	0.60 ↑7.1%	0.62 ↑55.0%	0.60 ↑7.1%	0.56 ↑43.6%	0.56 ↑27.3%	0.40 ↓23.1%	0.56 ↑7.7%	0.39 ↑30.0%	0.44 ↑10.0%	0.52 ↑52.9%	0.52 ↑225.0%	0.30 ↑20.0%	0.40 ↓16.7%	0.34 ↑54.5%	0.16	0.25	0.48	0.22
Shares Out (Diluted)	8.12B	2.01B ↓1.7%	2.02B ↓1.4%	2.04B ↓2.6%	2.05B ↓5.6%	2.05B ↓25.6%	2.05B ↓25.4%	2.09B ↓5.3%	2.17B ↓11.7%	2.75B ↑14.8%	2.75B ↑13.3%	2.21B ↓10.2%	2.45B ↑2.0%	2.40B ↓8.9%	2.43B ↓8.5%	2.46B ↓8.0%	2.40B ↓14.8%	2.63B ↓6.9%	2.65B	2.67B	2.82B	2.82B

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Cash & Equiv.	£78.97B	£85.35B ↓8.3%	£93.05B ↓11.0%	£104.52B ↓27.9%	£145.06B ↓18.4%	£177.82B
Accounts Receivable	£0.00	£71.00M ↑914.3%	£7.00M ↓85.7%	£49.00M ↓82.4%	£279.00M ↑12.5%	£248.00M
Inventory	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Current Assets	£135.78B	£98.30B ↓8.1%	£106.94B ↓8.5%	£116.87B ↓24.9%	£155.60B ↓40.6%	£261.84B
Goodwill & Intangibles	£7.22B	£7.29B ↓3.9%	£7.59B ↓0.3%	£7.61B ↑7.0%	£7.12B ↑5.8%	£6.72B
Total Assets	£749.64B	£714.55B ↑0.9%	£707.99B ↑2.2%	£692.67B ↓3.8%	£720.05B ↓7.9%	£781.99B
Accounts Payable	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Short-term Debt	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Current Liabilities	£551.09B	£480.31B ↑0.5%	£477.84B ↑2.1%	£467.95B ↓4.4%	£489.66B ↓7.5%	£529.41B
Long-term Debt	£6.64B	£71.83B ↑9.0%	£65.92B ↑9.7%	£60.07B ↑8.6%	£55.32B ↓5.2%	£58.33B
Total Debt	£6.64B	£71.83B ↑9.0%	£65.92B ↑9.7%	£60.07B ↑8.6%	£55.32B ↓5.2%	£58.33B
Total Liabilities	£705.97B	£671.94B ↑0.5%	£668.61B ↑2.0%	£655.49B ↓4.1%	£683.56B ↓7.7%	£740.19B
Retained Earnings	£15.59B	£14.42B ↑26.2%	£11.43B ↑7.3%	£10.64B ↑6.2%	£10.02B ↓22.7%	£12.97B
Total Equity	£43.66B	£42.60B ↑8.3%	£39.35B ↑5.9%	£37.16B ↑1.8%	£36.49B ↓12.7%	£41.80B

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Cash & Equiv.	£78.97B	£78.97B ↓20.3%	£85.35B ↓8.3%	£84.69B ↓19.8%	£90.71B ↓21.7%	£99.05B ↓15.3%	£93.05B ↓11.0%	£105.63B ↓11.7%	£115.83B ↓6.0%	£116.92B ↓5.3%	£104.52B ↓27.9%	£119.59B ↓23.0%	£123.16B ↓31.4%	£123.40B ↓26.9%	£145.06B ↓18.4%	£155.27B ↓5.8%	£179.53B ↑18.3%	£168.78B ↑20.3%	£177.82B	£164.85B	£151.79B	£140.35B
Accounts Receivable	£0.00	£0.00	£71.00M ↑914.3%	£0.00	£0.00	£0.00	£7.00M ↓97.6%	£0.00	£0.00	£0.00	£292.00M ↓10.7%	£0.00	£0.00	£0.00	£327.00M ↑31.9%	£0.00	£0.00	£0.00	£248.00M	£0.00	£0.00	£0.00
Inventory	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Current Assets	£135.78B	£135.78B ↓10.9%	£98.30B ↓8.1%	£141.54B ↓11.6%	£112.23B ↓3.1%	£152.34B ↑30.3%	£106.94B ↓39.5%	£160.07B ↓16.8%	£115.83B ↓36.6%	£116.92B ↓40.2%	£176.70B ↓11.6%	£192.31B ↓20.1%	£182.79B ↓28.2%	£195.60B ↓24.9%	£199.84B ↓23.7%	£240.71B ↑4.1%	£254.74B ↑22.5%	£260.51B ↑26.5%	£261.84B	£231.21B	£207.87B	£205.91B
Goodwill & Intangibles	£7.22B	£7.22B ↓4.2%	£7.29B ↓3.9%	£7.48B ↓1.5%	£7.51B ↓1.0%	£7.54B ↓0.8%	£7.59B ↓0.3%	£7.59B ↑1.0%	£7.59B ↑1.8%	£7.60B ↑6.0%	£7.61B ↑7.0%	£7.51B ↑8.0%	£7.45B ↑8.5%	£7.17B ↑5.9%	£7.12B ↑5.8%	£6.96B ↑3.5%	£6.87B ↑2.6%	£6.77B ↑1.6%	£6.72B	£6.72B	£6.69B	£6.67B
Total Assets	£749.64B	£749.64B ↑5.6%	£714.55B ↑0.9%	£725.63B ↑1.9%	£730.78B ↑5.9%	£710.03B ↑1.8%	£707.99B ↑2.2%	£711.90B ↓0.7%	£690.34B ↓1.7%	£697.45B ↑0.3%	£692.67B ↓3.8%	£717.14B ↓10.5%	£702.60B ↓12.9%	£695.62B ↓11.4%	£720.05B ↓7.9%	£801.49B ↑3.0%	£806.48B ↑3.9%	£785.40B ↑2.0%	£781.99B	£778.28B	£775.86B	£769.78B
Accounts Payable	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Short-term Debt	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Current Liabilities	£551.09B	£551.09B ↑4.9%	£480.31B ↑0.5%	£537.44B ↑3.5%	£482.84B ↑2.2%	£525.16B ↑2.7%	£477.84B ↑2.2%	£519.41B ↑0.1%	£472.35B ↑0.1%	£511.10B ↑0.4%	£467.62B ↓4.5%	£518.72B ↓7.8%	£472.11B ↓12.3%	£509.14B ↓11.7%	£489.60B ↓7.5%	£562.49B ↓0.4%	£538.50B ↑5.4%	£576.42B ↑6.3%	£529.41B	£564.64B	£510.75B	£542.43B
Long-term Debt	£6.64B	£6.64B ↓5.2%	£71.83B ↑9.0%	£6.14B ↓8.0%	£69.96B ↑11.7%	£7.00B ↑8.0%	£65.92B ↑9.7%	£6.67B ↑7.4%	£62.66B ↑3.3%	£6.49B ↓5.4%	£60.07B ↑8.6%	£6.21B ↓5.8%	£60.68B ↑7.4%	£6.85B ↓16.6%	£55.32B ↓5.2%	£6.59B ↓24.0%	£56.50B ↑1.4%	£8.22B ↑1.7%	£58.33B	£8.68B	£55.75B	£8.08B
Total Debt	£6.64B	£6.64B ↓5.2%	£71.83B ↑9.0%	£6.14B ↓8.0%	£69.96B ↑11.7%	£7.00B ↑8.0%	£65.92B ↑9.7%	£6.67B ↑7.4%	£62.66B ↑3.3%	£6.49B ↓5.4%	£60.07B ↑8.6%	£6.21B ↓5.8%	£60.68B ↑7.4%	£6.85B ↓16.6%	£55.32B ↓5.2%	£6.59B ↓24.0%	£56.50B ↑1.4%	£8.22B ↑1.7%	£58.33B	£8.68B	£55.75B	£8.08B
Total Liabilities	£705.97B	£705.97B ↑5.6%	£671.94B ↑0.5%	£683.25B ↑1.5%	£688.80B ↑5.5%	£668.42B ↑1.3%	£668.61B ↑2.0%	£673.36B ↓1.2%	£652.77B ↓2.3%	£659.56B ↑0.3%	£655.49B ↓4.1%	£681.68B ↓11.1%	£667.80B ↓13.0%	£657.91B ↓11.8%	£683.56B ↓7.7%	£766.54B ↑4.1%	£767.85B ↑4.9%	£746.15B ↑2.6%	£740.19B	£736.39B	£731.97B	£727.13B
Retained Earnings	£15.59B	£15.59B ↑22.7%	£14.42B ↑26.2%	£13.16B ↑17.6%	£12.68B ↑19.8%	£12.71B ↑12.3%	£11.43B ↑7.3%	£11.20B ↑14.7%	£10.58B ↑10.5%	£11.32B ↑3.1%	£10.64B ↑6.2%	£9.76B ↑9.9%	£9.58B ↓12.7%	£10.97B ↓1.9%	£10.02B ↓22.7%	£8.89B ↓30.8%	£10.96B ↓13.2%	£11.18B ↓6.8%	£12.97B	£12.84B	£12.63B	£11.99B
Total Equity	£43.66B	£43.66B ↑5.0%	£42.60B ↑8.3%	£42.36B ↑10.0%	£41.96B ↑11.8%	£41.59B ↑9.9%	£39.35B ↑5.9%	£38.50B ↑8.7%	£37.52B ↑7.9%	£37.85B ↑0.4%	£37.16B ↑1.8%	£35.42B ↑1.4%	£34.76B ↓10.0%	£37.71B ↓3.9%	£36.49B ↓12.7%	£34.94B ↓16.6%	£38.62B ↓12.0%	£39.23B ↓8.1%	£41.80B	£41.88B	£43.88B	£42.68B

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Income	£5.83B	£7.71B ↑22.8%	£6.28B ↑3.5%	£6.07B ↑24.6%	£4.87B ↑13.0%	£4.31B
D&A	£0.00	£1.15B ↑9.1%	£1.06B ↑13.3%	£934.00M ↑12.1%	£833.00M ↓9.8%	£923.00M
Stock-Based Comp	£58.00M	£0.00	£0.00	£0.00	£0.00	£0.00
Working Capital Δ	£0.00	£972.00M ↑113.4%	-£7.27B ↑71.7%	-£25.68B ↑47.0%	-£48.45B ↓204.0%	£46.61B
Operating Cash Flow	£0.00	£7.07B ↑299.1%	£1.77B ↑110.2%	-£17.44B ↑60.0%	-£43.60B ↓181.2%	£53.69B
Capital Expenditure	£0.00	-£1.28B ↓18.9%	-£1.08B ↑30.7%	-£1.55B ↓143.3%	-£639.00M ↑29.1%	-£901.00M
Free Cash Flow	£0.00	£5.79B ↑734.3%	£694.00M ↑103.7%	-£18.99B ↑57.1%	-£44.24B ↓183.8%	£52.79B
Dividends Paid	£0.00	-£2.38B ↓32.0%	-£1.80B ↓5.7%	-£1.70B ↑46.9%	-£3.21B ↓215.5%	-£1.02B
Share Buybacks	£0.00	-£2.56B ↑5.8%	-£2.72B ↓12.4%	-£2.42B ↓17.6%	-£2.05B ↓13.7%	-£1.81B

Metric	TTM	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Net Income	£5.83B	£1.48B ↑11.1%	£1.68B ↑34.9%	£1.33B ↑6.6%	£1.34B ↑37.2%	£1.33B ↑3.1%	£1.25B ↑34.3%	£1.25B ↑15.7%	£978.00M ↓27.0%	£1.29B ↓2.6%	£927.00M ↑265.0%	£1.08B ↓2.9%	£1.34B ↑48.9%	£1.32B ↑166.2%	£254.00M ↓65.8%	£1.11B ↓15.6%	£900.00M ↑26.4%	£497.00M	£742.00M	£1.32B	£712.00M
D&A	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Stock-Based Comp	£58.00M	£58.00M ↓4.9%	£0.00	£0.00	£0.00	£61.00M ↑19.6%	£0.00	£0.00	£0.00	£51.00M ↓15.0%	£0.00	£0.00	£0.00	£60.00M ↑22.4%	£0.00	£0.00	£0.00	£49.00M	£0.00	£0.00	£0.00
Working Capital Δ	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Operating Cash Flow	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Capital Expenditure	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Free Cash Flow	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Dividends Paid	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Share Buybacks	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00