Dashen Bank reported profit before tax of ETB 15.21 billion for the 2025/26 fiscal year ended June 30, 2026, a 127.6% increase from ETB 6.68 billion in the previous year, according to its audited annual financial statements.
Profit after tax rose 100% to ETB 11.80 billion, up from ETB 5.90 billion a year earlier. Earnings per share reached ETB 787, compared with ETB 436 in FY 2024/25, an 80.5% increase.
Balance sheet growth
Total assets climbed 37.4% to ETB 349.66 billion, from ETB 254.49 billion. Customer deposits grew 36.9% to ETB 280.01 billion, while total e
quity rose approximately 50.8% to ETB 43.35 billion. Share capital increased to ETB 17.36 billion.
| Metric | FY 2025/26 | Year-on-year |
|---|
| Total assets | ETB 349.66B | +37.4% |
| Customer deposits | ETB 280.01B | +36.9% |
| Total equity | ETB 43.35B | +50.8% |
| Profit before tax | ETB 15.21B | +127.6% |
| Profit after tax | ETB 11.80B | +100.0% |
| Earnings per share | ETB 787 | +80.5% |
Income and foreign currency
The bank generated ETB 46.90 billion in gross total income, supported by interest income of ETB 29.70 billion, gross fees and commission income of ETB 11.81 billion, and net foreign exchange gains of ETB 2.98 billion, compared with a loss in the prior year. Total operating income reached ETB 34.90 billion, up 68.4%.
Foreign currency mobilization reached USD 1.4 billion during the year, a 33.1% increase from approximately USD 1.05 billion in FY 2024/25.
Loans and advances to customers stood at ETB 48.69 billion, with interest-free banking (IFB) financing at ETB 16.75 billion. Combined lending, including IFB financing, totaled ETB 65.45 billion.
Why it matters
Dashen Bank's results place it among Ethiopia's larger private banks by asset size. The sharp rise in profit before tax and the near doubling of net profit reflect stronger operating income and a swing to net foreign exchange gains. The bank's foreign currency mobilization figure is relevant as Ethiopia's banking sector continues to adjust to a more market-driven exchange rate environment.
The growth in deposits and equity also strengthens the bank's capital base, a key consideration as Ethiopian banks prepare for tighter capital requirements and expanding credit demand.
What to watch
The audited statements separate conventional loans from interest-free financing, and the bank's branch network was not confirmed in the available report pages. Further details on asset quality and provisioning would clarify how much of the profit growth reflects core lending versus foreign exchange and other income.
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