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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	303.59	381.99	355.55	290.42	289.17	358.99
Interest Income on Investments	376.58	472.93	364.46	260.63	-	-
Total Interest Income	680.17	854.92	720	551.06	289.17	358.99
Interest Paid on Deposits	16.21	18.11	15.36	106.29	253.78	343.88
Net Interest Income	663.96	836.81	704.64	444.77	35.4	15.1
Net Interest Income Growth (YoY)	-51.47%	18.76%	58.43%	1156.47%	134.38%	-49.25%
Gain (Loss) on Sale of Assets	0.16	0.16	0.08	0.26	1.58	0.13
Gain (Loss) on Sale of Equity Investments	-388.98	-539.59	-451.5	-249.11	-1.4	30.98
Other Non-Interest Income	104.56	80.27	30.25	61.41	178.4	223.07
Total Non-Interest Income	-284.26	-459.16	-421.17	-187.44	178.58	254.18
Non-Interest Income Growth (YoY)	-	-	-	-	-29.74%	-4.60%
Revenues Before Loan Losses	379.7	377.66	283.47	257.32	213.98	269.28
Provision for Loan Losses	-65.08	-38.32	-54.28	-49.21	-100.14	-44.4
Revenue	444.77	415.97	337.75	306.54	314.11	313.68
Revenue Growth (YoY)	-24.46%	23.16%	10.18%	-2.41%	0.14%	-3.71%
Occupancy Expenses	27.29	22.13	19.33	22.67	23.86	32.62
Selling, General & Administrative	-	-	-	162.89	159.77	202.62
Other Non-Interest Expense	215.44	197.79	163.8	-	-	-
Total Non-Interest Expense	242.73	219.92	183.13	185.56	183.64	235.23
EBT Excluding Unusual Items	202.04	196.05	154.62	120.98	130.48	78.45
Asset Writedown	-	-	-	-	-	-2.02
Pretax Income	130.97	124.98	83.55	49.91	59.41	5.36
Income Tax Expense	99.3	91.26	70.19	55.28	28.8	26.84
Earnings From Continuing Operations	31.67	33.72	13.36	-5.37	30.61	-21.48
Earnings From Discontinued Operations	-	-	-	-15.59	29.72	-
Minority Interest in Earnings	-19.26	-23.26	-22.67	-17.42	-21.72	-20.24
Net Income	12.41	10.46	-9.31	-38.39	38.6	-41.72
Net Income to Common	12.41	10.46	-9.31	-38.39	38.6	-41.72
Basic Shares Outstanding	2,910	2,910	2,910	2,910	2,910	2,910
Diluted Shares Outstanding	2,910	2,910	2,910	2,910	2,910	2,910
EPS (Basic)	0.00	0.00	-0.00	-0.01	0.01	-0.01
EPS (Diluted)	0.00	0.00	-0.00	-0.01	0.01	-0.01
Effective Tax Rate	75.82%	73.02%	84.02%	110.76%	48.48%	500.80%

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