Ahadu Bank’s pre-tax earnings surged 113.1% to hit 1.07 billion birr ($6.5 million) for the 2025/26 fiscal year, a performance that arrives just as the Ethiopian lender prepares for a stock market debut.
The results, unveiled during a shareholders meeting on November 7, 2026, point to aggressive growth for a bank that only began operations four years ago. Ethiopia’s financial sector has been expanding rapidly against the backdrop of the country’s broader economic reforms, and Ahadu is now positioning itself to tap public markets for additional capital.
Net profit climbed to 784.2 million birr ($4.8 million). Meanwhile, total revenue jumped 48% year over year to 3.2 billion birr ($19.5 million).
The bank launched in 2022 with paid-up capital of 564 million birr (roughly $3.4 million). Since then, its balance sheet has swelled considerably. Total assets reached 14.32 billion birr ($87.1 million), supported by customer deposits of 10.47 billion birr ($63.7 million).
Lending activity also accelerated. The loan book stood at 7.14 billion birr ($43.4 million), following disbursements of 2.8 billion birr (about $17 million) during the year. Bank officials classified 93.4% of outstanding loans as healthy, while 2% were non-performing and 4.5% required special attention.
Foreign currency generation totaled $121.3 million, up $33 million from the prior fiscal year. That matters because access to hard currency remains a persistent bottleneck for Ethiopian businesses.
Ahadu now operates 107 branches serving approximately 1.3 million customers. The lender has invested in two mobile applications, Ahadu LeKulu and Mahder, alongside a 17-storey building project.
The planned listing on the Ethiopian Securities Exchange, which launched in 2024, would give Ahadu access to a broader investor base beyond its current shareholders. The bank is drafting a prospectus as part of that process.
From its inception, Ahadu pledged to direct 15% of its total loans toward young people and entrepreneurs, a segment that often struggles to secure formal credit. A successful listing would mark the next phase of that mission, providing fresh capital to compete in Ethiopia’s increasingly crowded banking market.
