Sharjah Islamic Bank PJSC (ADX:SIB)

Sharjah Islamic Bank PJSC Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	3,839	3,725	3,089	1,939	1,658	1,728
Interest Paid on Deposits	2,314	2,215	1,636	725.3	563.27	753.97
Total Interest Expense	2,314	2,215	1,636	725.3	563.27	753.97
Net Interest Income	1,525	1,510	1,453	1,213	1,094	973.94
Net Interest Income Growth (YoY)	3.93%	3.92%	19.75%	10.88%	12.36%	8.51%
Gain (Loss) on Sale of Assets	25.97	28.41	15.67	24.87	18.84	18.03
Other Non-Interest Income	763.64	642.84	506.39	370.88	314.32	267.18
Total Non-Interest Income	789.61	671.25	522.06	395.76	333.16	285.21
Non-Interest Income Growth (YoY)	37.97%	28.58%	31.91%	18.79%	16.81%	-13.53%
Revenues Before Loan Losses	2,315	2,181	1,975	1,609	1,427	1,259
Provision for Loan Losses	133.83	210.41	220.61	313.77	244.55	255.85
Revenue	2,181	1,971	1,754	1,295	1,183	1,003
Revenue Growth (YoY)	14.42%	12.33%	35.44%	9.51%	17.90%	-11.27%
Salaries and Employee Benefits	509.93	509.93	450.51	414.24	397.22	388.54
Occupancy Expenses	54.67	54.67	52.48	51.84	49.99	49.88
Selling, General & Administrative	272.97	214.51	191.47	144.75	129.57	123.03
Total Non-Interest Expense	837.57	779.11	694.45	610.82	576.78	561.45
EBT Excluding Unusual Items	1,343	1,192	1,060	684.53	606.12	441.86
Asset Writedown	-42.77	-42.77	-218.42	-33.62	-92.05	-36.02
Pretax Income	1,300	1,149	841.54	650.91	514.07	405.83
Income Tax Expense	114.02	100.96	-	-	-	-
Net Income	1,186	1,048	841.54	650.91	514.07	405.83
Preferred Dividends & Other Adjustments	91.83	91.83	91.83	-	-	-
Net Income to Common	1,095	956.06	749.72	650.91	514.07	405.83
Net Income Growth	31.00%	24.52%	29.29%	26.62%	26.67%	-25.61%
Basic Shares Outstanding	3,200	3,200	3,236	3,236	3,236	3,236
Diluted Shares Outstanding	3,200	3,200	3,236	3,236	3,236	3,236
Shares Change (YoY)	1.67%	-1.11%	-	-	-	-
EPS (Basic)	0.34	0.30	0.23	0.20	0.16	0.13
EPS (Diluted)	0.34	0.30	0.23	0.20	0.16	0.13
EPS Growth	33.20%	29.91%	14.33%	26.62%	26.67%	-25.61%
Dividend Per Share	0.150	0.150	0.100	0.095	0.076	0.076
Dividend Growth	50.00%	50.00%	5.04%	24.93%	-	68.21%
Effective Tax Rate	8.77%	8.79%	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.