Wegagen Bank S.C. held its annual general assembly on September 9 at the Hilton Hotel in Addis Ababa, disclosing financial results for the 2025/26 fiscal year. The bank reported a profit after tax of 3.15 billion Birr, marking a 13.6% increase compared to the 2.78 billion Birr recorded in the 2024/25 period.
The bank's financial statements indicate expansion across several key metrics, most notably in its capital base and asset holdings. Total assets grew by 32%, rising from 84.34 billion Birr to 111.32 billion Birr. The institution's paid-up capital saw a significant increase of 43.6%, reaching 10.09 billion Birr.
The following table summarizes the bank’s performance metrics for the 2025/26 fiscal year compared to the previous period:
| Metric | 2024/25 (BLN Birr) | 2025/26 (BLN Birr) | Growth |
|---|
| Total Assets | 84.34 | 111.32 | 32.0% |
| Paid-up Capital | 7.03 | 10.09 | 43.6% |
| Gross Operating Income | 21.15 | 26.79 | 26.7% |
| Customer Deposits | 61.65 | 73.52 | 19.3% |
| Profit After Tax | 2.78 | 3.15 | 13.6% |
While the bank achieved growth in overall profit and revenue, the Earnings Per Share (EPS) saw a decline, dropping to 34.40% from the 46.10% reported in the previous fiscal year. The bank's profit margin for the current period stands at 11.8%, derived from a gross operating income of 26.79 billion Birr.
For investors and market observers, the rise in paid-up capital reflects the broader trend of Ethiopian financial institutions strengthening their balance sheets to meet regulatory requirements and support lending capacity. This performance update follows Wegagen Bank's previous fiscal year, where the bank recorded total assets of 84.67 billion Birr and a net profit of 2.78 billion Birr, according to Aksion.ET verified data.
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