Gadaa Bank Profit Surges 135% to Birr 1.05 Billion
Gadaa Bank S.C. more than doubled its profit before tax to Birr 1.05 billion in the 2025/26 financial year, as rapid growth in assets, deposits and customer accounts lifted the recently listed lender’s financial performance.
The bank reported Birr 444.79 million in pre-tax profit a year earlier, a 135 percent increase, according to its consolidated annual report presented at the bank’s fifth Annual General Meeting on September 19, 2026.
Gadaa Bank’s Key Financial Results
| Indicator | 2024/25 | 2025/26 | Change |
| Profit before tax | Birr 444.79M | Birr 1.05B | +135% |
| Gross revenue | Birr 1.68B* | Birr 2.96B | +77% |
| Profit after tax | Birr 342.76M | Birr 759.23M | +121% |
| Total comprehensive income | Birr 355.71M | Birr 801.28M | +125% |
| Total assets | Birr 10.14B | Birr 16.79B | +66% |
| Total deposits** | — | Birr 11.89B | +68% |
| Total capital | Birr 1.78B | Birr 2.77B | +56% |
*Approximate prior-year revenue implied by the reported 77% growth.
**Excluding letter-of-credit margins; the bank separately reported a margin-held balance of about Birr 985 million.
After paying Birr 286.76 million in income tax, Gadaa Bank’s profit for the year reached Birr 759.23 million, compared with Birr 342.76 million in 2024/25.
Total comprehensive income increased to Birr 801.28 million, from Birr 355.71 million the previous year.
The bank’s earnings per share also increased, with reported basic EPS rising to Birr 52 from Birr 29 a year earlier.
Assets and Deposits Expand Rapidly
Gadaa Bank’s balance sheet expanded substantially during the year. Total assets reached Birr 16.79 billion by June 30, 2026, up 66 percent from Birr 10.14 billion a year earlier.
Deposits, excluding letter-of-credit margins, increased 68 percent to Birr 11.89 billion. The bank’s consolidated credit and interest-free financing portfolio reached Birr 6.11 billion.
Total capital increased 56 percent to Birr 2.77 billion, while paid-up capital reached approximately Birr 1.65 billion.
The bank also generated $85.1 million in foreign currency during the year, more than double the previous year’s figure.
Expansion Across Customers and Branches
Gadaa Bank’s customer accounts rose from 575,977 to 1,005,014, taking the bank past the one-million-customer mark.
The expansion was accompanied by the opening of 10 additional branches, bringing the nationwide branch network to 110.
Digital banking also continued to expand. The bank reported more than 300,000 subscribers across its digital channels, while separate reporting puts mobile banking subscribers at 296,684 at the end of the financial year.
Gadaa Securities Dealer, the bank’s capital-markets arm, had also opened brokerage accounts for approximately 3,000 clients since its establishment.
Capital Markets Become Part of the Growth Strategy
The results come as Gadaa Bank deepens its presence in Ethiopia’s emerging capital market.
The bank was listed on the Ethiopian Securities Exchange (ESX) in June 2025. It is also currently conducting a follow-on share offering involving more than one million shares, with the offering price set at Birr 1,050 per share. The subscription period runs through September 27, 2026.
The bank’s rapid balance-sheet expansion therefore comes alongside efforts to raise additional equity and broaden its investor base.
Asset Quality Remains Strong
Despite the rapid expansion, Gadaa Bank reported a 12.3 percent capital adequacy ratio and a 0.7 percent non-performing loan ratio as of June 2026.
The bank’s chairman, Hassen Hussien, said the 2025/26 financial year represented the first full implementation of its revised corporate strategy. Management attributed the growth to increased non-interest income, foreign-currency management and greater use of digital channels.
Return on equity reached 27 percent, while return on assets stood at 6 percent, according to the bank’s annual report.
Gadaa Bank began operations in December 2022, making the latest results notable for a lender still in its early years of operation.
Source: Addis Fortune