Financial Results

IFC

The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. IFC helps developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.

As of	March 31,2026	June 30,2025	June 30,2024	June 30,2023	June 30,2022
Assets
Cash, Deposits, Trading and other Liquid Asset Securities	51,121	51,419	40,314	47,478	46,350
Investments:
Loans, Net of Reserves against Losses	46,304	42,229	36,437	31,414	26,223
Equity Investments	12,978	11,777	11,121	10,778	11,137
Debt Securities	14,358	13,514	11,189	9,310	6,733
Total Investments	73,640	67,520	58,747	51,502	44,093
Other Assets, including Derivative Assets	11,291	10,801	9,126	11,567	8,567
Total Assets	136,052	129,740	108,187	110,547	99,010
Liabilities
Borrowings Outstanding	75,880	71,450	55,755	52,443	48,269
Other liabilities, including Derivative Liabilities	18,056	17,362	14,960	23,066	17,936
Total Liabilities	93,936	88,812	70,715	75,509	66,205
Capital
Paid-in Capital	24,126	24,009	23,220	22,596	21,749
Undesignated Retained Earnings	16,123	14,952	13,133	11,589	10,840
Designated Retained Earnings	592	350	162	221	298
Accumulated Other Comprehensive Income (Loss)	1,275	1,617	957	632	(82)
Total Capital	42,116	40,928	37,472	35,038	32,805
Total Liabilities and Capital	136,052	129,740	108,187	110,547	99,010

Expressed in millions of U.S. dollars.

For the period/fiscal year ended	March 31,2026	June 30,2025	June 30,2024	June 30,2023	June 30,2022
Income from loans and guarantees, including realized gains and losses on loans and associated derivatives	2,460	3,373	3,204	2,290	1,156
(Provision) release of provision for losses on loans, off-balance sheet credit exposures and other receivables	(173)	(56)	(9)	(22)	(126)
Income (loss) from equity investments, including realized and unrealized gains and losses on equity and associated derivatives	746	517	142	191	208
Income from debt securities, including realized gains and losses on debt securities and associated derivatives	611	819	811	518	414
(Provision) release of provision for losses on available-for-sale debt securities	9	6	(12)	(7)	(14)
Income (loss) from liquid asset trading activities	1,563	2,298	2,391	1,464	(413)
Charges on borrowings	(2,722)	(3,596)	(3,815)	(2,598)	(302)
Administrative expenses	(1,227)	(1,679)	(1,516)	(1,430)	(1,441)
Other income and expenses, net	257	367	347	297	261
Foreign currency transaction gains (losses) on non-trading activities	(55)	(43)	(115)	(86)	76
Upstream and Advisory services income	180	259	268	247	233
Upstream and Advisory services expenses	(250)	(373)	(339)	(317)	(287)
Income (loss) before net unrealized gains and losses on loans, debt securities, borrowings and related derivatives	1,399	1,892	1,357	547	(235)
Net unrealized (losses) gains on loans, debt securities, borrowings and related derivatives	14	115	128	125	(229)
Net income (loss)	1,413	2,007	1,485	672	(464)

Expressed in millions of U.S. dollars.

For the period/fiscal year ended	March 31,2026	June 30,2025	June 30,2024	June 30,2023	June 30,2022
Net income (loss)	1,413	2,007	1,485	672	(464)
Net unrealized gains (losses) on borrowings	(307)	(268)	74	(50)	240
Net unrecognized net actuarial gains (losses) and unrecognized prior service credits (cost) on benefit plans	(46)	860	130	702	1,074
Net unrealized gains (losses) on debt securities	11	68	121	62	(278)
Total comprehensive income (loss)	1,071	2,667	1,810	1,386	572

Expressed in millions of U.S. dollars.

Expressed in millions of U.S. dollars

	FY26 YTD	FY25 YTD
Total Own Account Commitments	24,651	21,124
Total Private Capital Mobilization	47,172	31,691

Expressed in millions of U.S. dollars.

Expressed in millions of U.S. dollars

	FY26 YTD	FY25 YTD
Disbursements	18,143	17,293

Expressed in millions of U.S. dollars.

Expressed in millions of U.S. dollars

	Non-Performing Loans
FY26 Q3	1.4%
FY25 Q3	1.5%
FY25	1.5%
FY24	1.8%
FY23	2.7%
FY22	3.9%
FY21	4.4%
FY20	5.5%
FY19	4.3%

As of	March 31,2026	June 30,2025	June 30,2024	June 30,2023	June 30,2022
Overall Liquidity Ratio	75%	72%	81%	104%	111%
Capital Utilization Ratio (CUR)	64%	62%	61%	61%	62%

Expressed in millions of U.S. dollars

	Capital Utilization Ratio
FY26 Q3	64%
FY25	62%
FY24	61%
FY23	61%
FY22	62%
FY21	67%
FY20	72%
FY19	78%

As of	March 31,2026	June 30,2025	June 30,2024	June 30,2023	June 30,2022
Assets
Cash, Deposits, Trading and other Liquid Asset Securities	51,121	51,419	40,314	47,478	46,350
Investments:
Loans, Net of Reserves against Losses	46,304	42,229	36,437	31,414	26,223
Equity Investments	12,978	11,777	11,121	10,778	11,137
Debt Securities	14,358	13,514	11,189	9,310	6,733
Total Investments	73,640	67,520	58,747	51,502	44,093
Other Assets, including Derivative Assets	11,291	10,801	9,126	11,567	8,567
Total Assets	136,052	129,740	108,187	110,547	99,010
Liabilities
Borrowings Outstanding	75,880	71,450	55,755	52,443	48,269
Other liabilities, including Derivative Liabilities	18,056	17,362	14,960	23,066	17,936
Total Liabilities	93,936	88,812	70,715	75,509	66,205
Capital
Paid-in Capital	24,126	24,009	23,220	22,596	21,749
Undesignated Retained Earnings	16,123	14,952	13,133	11,589	10,840
Designated Retained Earnings	592	350	162	221	298
Accumulated Other Comprehensive Income (Loss)	1,275	1,617	957	632	(82)
Total Capital	42,116	40,928	37,472	35,038	32,805
Total Liabilities and Capital	136,052	129,740	108,187	110,547	99,010

As of

March 31,2026

June 30,2025

June 30,2024

June 30,2023

June 30,2022

Assets

Cash, Deposits, Trading and other Liquid Asset Securities

51,121

51,419

40,314

47,478

46,350

Investments:

Loans, Net of Reserves against Losses

46,304

42,229

36,437

31,414

26,223

Equity Investments

12,978

11,777

11,121

10,778

11,137

Debt Securities

14,358

13,514

11,189

9,310

6,733

Total Investments

73,640

67,520

58,747

51,502

44,093

Other Assets, including Derivative Assets

11,291

10,801

9,126

11,567

8,567

Total Assets

136,052

129,740

108,187

110,547

99,010

Liabilities

Borrowings Outstanding

75,880

71,450

55,755

52,443

48,269

Other liabilities, including Derivative Liabilities

18,056

17,362

14,960

23,066

17,936

Total Liabilities

93,936

88,812

70,715

75,509

66,205

Capital

Paid-in Capital

24,126

24,009

23,220

22,596

21,749

Undesignated Retained Earnings

16,123

14,952

13,133

11,589

10,840

Designated Retained Earnings

592

350

162

221

298

Accumulated Other Comprehensive Income (Loss)

1,275

1,617

957

632

(82)

Total Capital

42,116

40,928

37,472

35,038

32,805

Total Liabilities and Capital

136,052

129,740

108,187

110,547

99,010

For the period/fiscal year ended

March 31,2026

June 30,2025

June 30,2024

June 30,2023

June 30,2022

Income from loans and guarantees, including realized gains and losses on loans and associated derivatives

2,460

3,373

3,204

2,290

1,156

(Provision) release of provision for losses on loans, off-balance sheet credit exposures and other receivables

(173)

(56)

(9)

(22)

(126)

Income (loss) from equity investments, including realized and unrealized gains and losses on equity and associated derivatives

746

517

142

191

208

Income from debt securities, including realized gains and losses on debt securities and associated derivatives

611

819

811

518

414

(Provision) release of provision for losses on available-for-sale debt securities

(12)

(7)

(14)

Income (loss) from liquid asset trading activities

1,563

2,298

2,391

1,464

(413)

Charges on borrowings

(2,722)

(3,596)

(3,815)

(2,598)

(302)

Administrative expenses

(1,227)

(1,679)

(1,516)

(1,430)

(1,441)

Other income and expenses, net

257

367

347

297

261

Foreign currency transaction gains (losses) on non-trading activities

(55)

(43)

(115)

(86)

Upstream and Advisory services income

180

259

268

247

233

Upstream and Advisory services expenses

(250)

(373)

(339)

(317)

(287)

Income (loss) before net unrealized gains and losses on loans, debt securities, borrowings and related derivatives

1,399

1,892

1,357

547

(235)

Net unrealized (losses) gains on loans, debt securities, borrowings and related derivatives

115

128

125

(229)

Net income (loss)

1,413

2,007

1,485

672

(464)

For the period/fiscal year ended

March 31,2026

June 30,2025

June 30,2024

June 30,2023

June 30,2022

Net income (loss)

1,413

2,007

1,485

672

(464)

Net unrealized gains (losses) on borrowings

(307)

(268)

(50)

240

Net unrecognized net actuarial gains (losses) and unrecognized prior service credits (cost) on benefit plans

(46)

860

130

702

1,074

Net unrealized gains (losses) on debt securities

121

(278)

Total comprehensive income (loss)

1,071

2,667

1,810

1,386

572

FY26 YTD

FY25 YTD

Total Own Account Commitments

24,651

21,124

Total Private Capital Mobilization

47,172

31,691

FY26 YTD

FY25 YTD

Disbursements

18,143

17,293

Non-Performing Loans

FY26 Q3

1.4%

FY25 Q3

1.5%

FY25

1.5%

FY24

1.8%

FY23

2.7%

FY22

3.9%

FY21

4.4%

FY20

5.5%

FY19

4.3%

As of

March 31,2026

June 30,2025

June 30,2024

June 30,2023

June 30,2022

Overall Liquidity Ratio

75%

72%

81%

104%

111%

Capital Utilization Ratio (CUR)

64%

62%

61%

62%

Capital Utilization Ratio

FY26 Q3

64%

FY25

62%

FY24

61%

FY23

61%

FY22

62%

FY21

67%

FY20

72%

FY19

78%

Financial Results

IFC

Consolidated Balance Sheets

Consolidated Statements of Operations

Summary Consolidated Statements of Comprehensive Income

Investment Program

Disbursements

Non-Performing Loans as a Percentage of Loans Disbursed and Outstanding

Key Ratios

Capital Utilization Ratio

Financial Results

IFC

Consolidated Balance Sheets

Consolidated Statements of Operations

Summary Consolidated Statements of Comprehensive Income

Investment Program

Disbursements

Non-Performing Loans as a Percentage of Loans Disbursed and Outstanding

Key Ratios

Capital Utilization Ratio