Natwest Group (NWG) financial statements

Financial Services · Banks - Regional · Market cap $67.6B

Natwest Group reported revenue of 30.2B GBP in fiscal 2025, up 7.4% a year over 9 years.

Net income was 5.8B GBP.

Free cash flow was 5.8B GBP, and the company returned 2.4B GBP in dividends and 579M GBP in net buybacks.

The diluted share count fell 31% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions (GBP).

-50-2502550752016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in GBP, from Natwest Group's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue15.9B GBP16.1B GBP16.7B GBP18.2B GBP13.4B GBP12.7B GBP16.6B GBP25.4B GBP29.3B GBP30.2B GBP
Selling, general and admin10.9B GBP5.7B GBP5.5B GBP5.3B GBP4.0B GBP4.1B GBP4.0B GBP4.1B GBP4.1B GBP4.1B GBP
Interest expense2.5B GBP2.0B GBP2.4B GBP3.3B GBP2.3B GBP1.7B GBP2.8B GBP10.0B GBP13.9B GBP12.9B GBP
Pre-tax income-4.1B GBP2.2B GBP3.4B GBP4.0B GBP-553M GBP3.8B GBP5.1B GBP6.2B GBP6.2B GBP7.7B GBP
Income tax1.1B GBP731M GBP1.2B GBP439M GBP74M GBP996M GBP1.3B GBP1.4B GBP1.5B GBP1.9B GBP
Net income-5.2B GBP1.5B GBP2.2B GBP3.8B GBP-434M GBP3.3B GBP3.6B GBP4.6B GBP4.8B GBP5.8B GBP
EPS (diluted)-0.59 GBP0.06 GBP13.40 GBP0.26 GBP-0.07 GBP0.27 GBP0.34 GBP0.48 GBP0.53 GBP0.67 GBP
Diluted shares11.74B11.94B12.06B12.10B11.23B10.84B9.93B9.22B8.52B8.13B
Net margin-32.5%9.4%12.9%20.9%-3.2%26.1%21.7%18.2%16.4%19.3%

Balance sheet

Fiscal years, in GBP, from Natwest Group's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments98.6B GBP122.6B GBP108.9B GBP100.6B GBP139.2B GBP190.7B GBP158.4B GBP118.8B GBP104.8B GBP95.4B GBP
Property, plant and equipment4.6B GBP4.6B GBP4.4B GBP4.9B GBP4.4B GBP4.2B GBP4.2B GBP4.2B GBP4.0B GBP4.3B GBP
Goodwill5.6B GBP5.6B GBP5.6B GBP5.6B GBP5.6B GBP5.5B GBP5.5B GBP5.7B GBP5.7B GBP5.5B GBP
Total assets798.7B GBP738.1B GBP694.2B GBP723.0B GBP799.5B GBP782.0B GBP720.1B GBP692.7B GBP708.0B GBP714.6B GBP
Total liabilities749.3B GBP689.0B GBP647.7B GBP679.5B GBP755.7B GBP740.2B GBP683.6B GBP655.5B GBP668.6B GBP671.9B GBP
Shareholders' equity48.6B GBP48.3B GBP45.7B GBP43.5B GBP43.9B GBP41.8B GBP36.5B GBP37.2B GBP39.4B GBP42.6B GBP
Net debt-98.6B GBP-122.6B GBP-108.9B GBP-100.6B GBP-139.2B GBP-190.7B GBP-158.4B GBP-118.8B GBP-104.8B GBP-95.4B GBP

Cash flow

Fiscal years, in GBP, from Natwest Group's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow-3.6B GBP35.7B GBP-6.7B GBP-3.1B GBP29.1B GBP53.7B GBP-43.6B GBP-17.4B GBP1.8B GBP7.1B GBP
Capital spending1.4B GBP1.5B GBP983M GBP939M GBP724M GBP1.4B GBP1.4B GBP1.6B GBP1.1B GBP1.3B GBP
Free cash flow-5.0B GBP34.2B GBP-7.7B GBP-4.0B GBP28.4B GBP52.3B GBP-45.0B GBP-19.0B GBP694M GBP5.8B GBP
Dividends paid1.7B GBP612M GBP803M GBP3.4B GBP381M GBP1.0B GBP3.2B GBP1.7B GBP1.8B GBP2.4B GBP
Share buybacks (net)-25M GBP89M GBP22M GBP-21M GBP-2M GBP-1.8B GBP-2.1B GBP-2.4B GBP-2.7B GBP-579M GBP
Free cash flow margin-31.6%212.9%-46.4%-22.1%211.0%411.8%-271.4%-74.8%2.4%19.1%
Dividends per share0.14 GBP0.05 GBP0.07 GBP0.28 GBP0.03 GBP0.09 GBP0.32 GBP0.18 GBP0.21 GBP0.29 GBP
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Questions

What was Natwest Group's revenue in 2025?

30.2B GBP in fiscal 2025, from its 10-K filing.

How much free cash flow does Natwest Group generate?

5.8B GBP in fiscal 2025 (operating cash flow minus capital spending).

From Natwest Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.