Ithmaar Holding B.S.C. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	320.21	311.8	381.99	355.55	290.42	289.17
Interest Income on Investments	357.26	372.33	472.93	364.46	260.63	-
Total Interest Income	677.47	684.13	854.92	720	551.06	289.17
Interest Paid on Deposits	16.59	17.72	18.11	15.36	106.29	253.78
Net Interest Income	660.87	666.41	836.81	704.64	444.77	35.4
Net Interest Income Growth (YoY)	-14.74%	-20.36%	18.76%	58.43%	1156.47%	134.38%
Gain (Loss) on Sale of Assets	2.22	2.22	0.16	0.08	0.26	1.58
Gain (Loss) on Sale of Equity Investments	-362.16	-372.6	-539.59	-451.5	-249.11	-1.4
Other Non-Interest Income	80.37	78.99	80.27	30.25	61.41	178.4
Total Non-Interest Income	-279.56	-291.38	-459.16	-421.17	-187.44	178.58
Non-Interest Income Growth (YoY)	-	-	-	-	-	-29.74%
Revenues Before Loan Losses	381.31	375.03	377.66	283.47	257.32	213.98
Provision for Loan Losses	8.74	-0.37	21.85	16.79	-49.21	-100.14
Revenue	372.57	375.4	355.81	266.68	306.54	314.11
Revenue Growth (YoY)	2.26%	5.50%	33.42%	-13.00%	-2.41%	0.14%
Occupancy Expenses	28.51	27.53	22.13	19.33	22.67	23.86
Selling, General & Administrative	-	-	-	-	162.89	159.77
Other Non-Interest Expense	220.12	218.4	197.79	163.8	-	-
Total Non-Interest Expense	248.63	245.93	219.92	183.13	185.56	183.64
EBT Excluding Unusual Items	123.94	129.47	135.89	83.55	120.98	130.48
Asset Writedown	-	-	-10.91	-	-	-
Pretax Income	123.94	129.47	124.98	83.55	49.91	59.41
Income Tax Expense	97.29	102.34	91.26	70.19	55.28	28.8
Earnings From Continuing Operations	26.65	27.13	33.72	13.36	-5.37	30.61
Earnings From Discontinued Operations	-	-	-	-	-15.59	29.72
Minority Interest in Earnings	-25.33	-26.01	-23.26	-22.67	-17.42	-21.72
Net Income	1.32	1.12	10.46	-9.31	-38.39	38.6
Net Income to Common	1.32	1.12	10.46	-9.31	-38.39	38.6
Net Income Growth	-71.49%	-89.28%	-	-	-	-
Basic Shares Outstanding	2,823	2,910	2,910	2,910	2,910	2,910
Diluted Shares Outstanding	2,823	2,910	2,910	2,910	2,910	2,910
EPS (Basic)	0.00	0.00	0.00	-0.00	-0.01	0.01
EPS (Diluted)	0.00	0.00	0.00	-0.00	-0.01	0.01
EPS Growth	-69.52%	-89.28%	-	-	-	-
Effective Tax Rate	78.50%	79.05%	73.02%	84.02%	110.76%	48.48%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.