By ETimes
HARARE – NMBZ Holdings reported a return to profitability in 2025, with underlying earnings stronger after adjusting for one-off costs, chief executive officer Gerald Gore said.
“For the year 2025, I think it showed a profit after loss, because in US dollar terms it was US$9.5 million,” Gore said.
“But if you normalise a once‑off expense – we encountered a retrenchment cost in 2025 and then there is also a tax matter that banks were dealing with the Zimbabwe Revenue Authority, which has now been resolved.”
Excluding these items, Gore said profitability would have been significantly higher.
“If you factor those once-off expenses, our profit after tax would have been US$17.6 million, return on equity would have been 22%,” he said.
The bank also recorded strong operational growth during the year, driven by lending and core business expansion.
“We achieved growth on numbers, deposits, core income, a loan book of at least 40% year on year, so I would say that would be a summary of the performance for 2025,” Gore added.
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