BAPNYSECommercial Banks, NECFiscal year ends December 31
CREDICORP LTD
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 27, 2026
$383.95−6.31 (-1.62%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2025
Net margin
24.3%+22.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.9% | +10.9% | +9.2% | +6.1% | |
| Net income | +25.9% | +14.2% | +82.0% | +8.4% | |
| EPS, diluted | +26.0% | +14.3% | +82.0% | +8.4% | |
| Free cash flow | -41.4% | – | -7.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 1.4% | 19.0% | |
| Return on assets | 2.3% | 0.2% | 2.6% | |
| Capex to revenue | 0.7% | 0.5% | 1.0% | |
| Diluted shares | 80M | 80M | 80M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Credicorp generated 32.33B PEN from operations and spent 11.65B PEN on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
32.33B PEN
Used
11.65B PEN
Capital expenditure1.22B PEN10%Dividends10.44B PEN90%Share buybacks0 PEN0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin24.3%
×Asset turnover0.11×
×Equity multiplier7.20×
=Return on equity, FY202519.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 24.3% | 0.11× | 7.20× | 19.0% |
| FY2024 | 20.0% | 0.11× | 7.41× | 16.5% |
| FY2023 | 19.0% | 0.11× | 7.72× | 15.8% |
| FY2022 | 22.2% | 0.09× | 8.66× | 16.8% |
| FY2021 | 18.4% | 0.08× | 9.38× | 14.0% |
| FY2020 | 1.9% | 0.09× | 8.31× | 1.4% |
| FY2019 | 21.7% | 0.11× | 7.29× | 17.0% |
| FY2018 | 22.1% | 0.10× | 7.63× | 17.5% |
| FY2017 | 23.2% | 0.11× | 7.89× | 19.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero6.93B PEN
- Cash generatingOperating cash flow above zero8.61B PEN
- Return on assets improvedROA up on the prior year2.3% → 2.7%
- Earnings backed by cashOperating cash flow above net income8.61B PEN vs 6.93B PEN
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise80M → 80M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.12 → 0.11