TBC Bank Group Announces 3Q and 9M 2025 Unaudited Consolidated Financial Results1
3Q 2025 profit of GEL 368 million, up by 6% YoY, with ROE at 24.4%.
9M 2025 profit of GEL 1,033 million, up by 6% YoY, with ROE at 23.9%.
European Union Market Abuse Regulation EU 596/2014 requires TBC Bank Group PLC to disclose that this announcement contains Inside Information, as defined in that Regulation
TBC Bank Group PLC today publishes its unaudited consolidated financial results for 3Q and 9M 2025. The management team will host a conference call at 2.00 PM GMT today.
To join the live conference call, please register using the following link:
https://www.netroadshow.com/events/login/LE9zwo3l1lW3QRuDhp41HZMKEKoIC8sTUso
You will receive access details via email.
Vakhtang Butskhrikidze, CEO of TBC Bank Group, commented on the results:
“I am pleased to share that 3Q marked another quarter of very consistent and strong operating performance for the group, with record quarterly earnings. In 3Q 2025, operating income rose by 17% year-on-year to GEL 880 million, while net profit reached GEL 368 million, up 6% year-on-year, with an ROE of 24.4%. Consequently, for 9M 2025, net profit totaled GEL 1,033 million, up 6% year-on-year, with an ROE of 23.9%.
This strong and steady progress, alongside a very sound capital base, enables us to continue to combine robust growth with returning excess capital to shareholders, and the Board has declared a quarterly dividend of GEL 1.75 per share for 3Q 2025, bringing total dividends for the first nine months to GEL 5.0.
2025 targets update
The performance of the overall Group remains strong and resilient. Our ROE has consistently been running ahead of the 23% target we have set ourselves, and since the start of 2023, we have almost doubled our digital MAU to close to 7 million as more customers choose TBC. Georgia remains a model of highly profitable consistency, and over the past few years in Uzbekistan we have built one of the fastest growing digital banking ecosystems globally – we have added over 10 million registered users over the past three years, we have built a USD 1 billion loan book, and we now have a diverse product suite of digital financial services for both consumers and businesses. Our digital bank broke even in just 2 years and is already generating c20% ROE, despite still being an early-stage business.
This year in Uzbekistan, we have scaled up and launched new products. Loans have almost doubled year-on-year, Salom Card is gaining traction as a ‘go to’ product for daily banking needs, and we announced highly value accretive M&A. We have become a top 10 player in retail banking and are now the ‘top of mind’ bank in Tashkent. But the year has also clearly had its challenges, with the previously flagged headwinds in 1H, while in 2H, we have pivoted our business from microloans to SME lending more quickly than previously anticipated in line with the changing regulatory agenda. As a result, we will be below the net profit guidance that we set ourselves back in 2023. Consequently, we anticipate Group net profit to be slightly below our GEL 1.5 billion target.
As a group, we are well-positioned for the future. We have an excellent and reliable Georgian franchise, while in Uzbekistan we have a flexible and resilient business model that enables us to adapt quickly to the evolving environment. We remain highly positive on the long-term growth opportunities in both markets.”
1 9M 2025 financial results include a non-recurring credit impairment charge of GEL 24.6 mln (pre-tax) in Uzbekistan
Financial Highlights
Income statement
Balance sheet
Key ratios
Operational Highlights
Customer base
Uzbekistan - key highlights
Additional Information Disclosure
The following materials are disclosed on our Investor Relations website at www.tbcbankgroup.com under Results Center section:
- 3Q and 9M 2025 Results Report
- 3Q and 9M 2025 Results Call Presentation
- 3Q and 9M 2025 Results Investor Presentation
- TBC Uzbekistan 9M 2025 Update
- Supplementary Data
For further enquiries, please contact:
Director of Investor Relations
Andrew Keeley
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC Bank Group’s mission is to make people’s lives easier by providing digitally-led financial services to retail and corporate customers. TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales and is the parent company of TBC Bank Georgia and TBC Uzbekistan.
TBC Bank Georgia, together with its subsidiaries, is the leading financial services group in Georgia, with a total market share of 37.2% of customer loans and 37.2% of customer deposits as of 30 September 2025, according to data published by the National Bank of Georgia.
TBC Uzbekistan is the leading digital banking ecosystem in Central Asia with 22 mln unique registered users that includes TBC Bank Uzbekistan, the country’s largest mobile-only bank, Payme, a leading digital payments app for individuals and small businesses, and Payme Nasiya, an instalment credit business.
TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.