Kuwait Finance House K.S.C.P. (BAX:KFH)

BAX:KFH Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	3,150	2,886	2,194	1,322	871.48	892.88
Interest Paid on Deposits	1,894	1,739	1,228	521.82	285.78	278.66
Net Interest Income	1,256	1,147	965.93	800.5	585.7	614.22
Net Interest Income Growth (YoY)	15.55%	18.74%	20.66%	36.68%	-4.64%	15.83%
Gain (Loss) on Sale of Assets	22.21	22.21	71.7	3.67	20.38	15.22
Gain (Loss) on Sale of Investments	134.7	134.7	100.4	7.45	15.39	-6.12
Gain (Loss) on Sale of Equity Investments	35.42	35.42	30.43	7.05	-3.36	-7.06
Other Non-Interest Income	301.23	291.36	292.41	253.61	192.9	179.34
Total Non-Interest Income	493.55	483.68	494.93	271.78	225.31	181.37
Non-Interest Income Growth (YoY)	9.55%	-2.27%	82.11%	20.62%	24.22%	-36.17%
Revenues Before Loan Losses	1,750	1,631	1,461	1,072	811.01	795.6
Provision for Loan Losses	101.2	70.63	41.42	50.19	133.47	257.56
Revenue	1,649	1,560	1,419	1,022	677.55	538.04
Revenue Growth (YoY)	8.92%	9.90%	38.88%	50.85%	25.93%	-14.26%
Salaries and Employee Benefits	359.99	347.31	286.75	209.08	183.98	172.29
Occupancy Expenses	88.66	84.18	78.58	45.32	41.78	42.6
Selling, General & Administrative	175.6	169.81	151.43	95.68	83.28	81.76
Other Non-Interest Expense	-14.79	-	-	-	-	-
Total Non-Interest Expense	609.46	601.3	516.76	350.09	309.04	296.65
EBT Excluding Unusual Items	1,039	958.73	902.68	672	368.51	241.4
Asset Writedown	12.14	12.14	-2.95	-11.89	-1.9	-26.51
Other Unusual Items	-155.32	-155.32	-72.81	-127.63	-	-
Pretax Income	895.92	815.55	826.92	532.48	366.61	214.88
Income Tax Expense	200.44	173.64	151.82	97.88	56.47	30.66
Earnings From Continuing Operations	695.48	641.91	675.1	434.6	310.14	184.22
Minority Interest in Earnings	-83.92	-40.11	-90.59	-76.89	-66.72	-35.82
Net Income	611.56	601.8	584.52	357.72	243.41	148.4
Preferred Dividends & Other Adjustments	22.58	22.63	21.73	14.52	4.08	-
Net Income to Common	588.98	579.18	562.79	343.2	239.33	148.4
Net Income Growth	0.93%	2.96%	63.40%	46.96%	64.03%	-40.88%
Basic Shares Outstanding	17,204	17,197	17,211	13,599	11,923	11,915
Diluted Shares Outstanding	17,204	17,197	17,211	13,599	11,923	11,915
Shares Change (YoY)	0.07%	-0.08%	26.56%	14.06%	0.06%	0.34%
EPS (Basic)	0.03	0.03	0.03	0.03	0.02	0.01
EPS (Diluted)	0.03	0.03	0.03	0.03	0.02	0.01
EPS Growth	0.83%	3.00%	29.57%	25.72%	61.18%	-41.08%
Dividend Per Share	0.021	0.020	0.017	0.011	0.009	0.006
Dividend Growth	18.54%	20.00%	47.83%	35.29%	32.81%	-44.83%
Effective Tax Rate	22.37%	21.29%	18.36%	18.38%	15.40%	14.27%

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