Mashreqbank PSC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	15,866	15,938	13,257	7,087	4,727
Interest Paid on Deposits	7,724	7,550	5,548	2,517	1,682
Net Interest Income	8,141	8,388	7,710	4,570	3,045
Net Interest Income Growth (YoY)	-2.94%	8.80%	68.70%	50.06%	13.79%
Gain (Loss) on Sale of Assets	1.86	12.86	56.32	0.34	-3.45
Gain (Loss) on Sale of Investments	263.05	161.82	-20.21	56.42	154.43
Other Non-Interest Income	4,136	4,842	3,044	2,678	2,596
Total Non-Interest Income	4,401	5,017	3,080	2,735	2,747
Non-Interest Income Growth (YoY)	-12.28%	62.87%	12.64%	-0.47%	10.08%
Revenues Before Loan Losses	12,542	13,405	10,790	7,305	5,793
Provision for Loan Losses	444.17	-166.07	-1,369	467.77	2,059
Revenue	12,098	13,571	12,159	6,837	3,734
Revenue Growth (YoY)	-10.85%	11.62%	77.84%	83.08%	105.71%
Salaries and Employee Benefits	2,104	2,134	1,929	1,765	1,467
Occupancy Expenses	151.99	155.44	156.04	149.29	160.72
Amortization of Goodwill & Intangibles	142.57	122.27	113.85	124.2	94.85
Selling, General & Administrative	1,473	1,284	1,143	832.01	900.65
Total Non-Interest Expense	3,871	3,696	3,342	2,871	2,623
EBT Excluding Unusual Items	8,227	9,875	8,817	3,966	1,111
Asset Writedown	33.92	10.43	13.01	2.01	13.11
Pretax Income	8,261	9,886	8,830	3,968	1,124
Income Tax Expense	1,291	868.53	153.59	146.09	48.78
Earnings From Continuing Operations	6,970	9,017	8,676	3,822	1,076
Minority Interest in Earnings	-130.57	-100.18	-87.06	-92.6	-73.51
Net Income	6,840	8,917	8,589	3,729	1,002
Preferred Dividends & Other Adjustments	224.51	159.09	-	-	-
Net Income to Common	6,615	8,758	8,589	3,729	1,002
Net Income Growth	-23.30%	3.82%	130.32%	272.11%	-
Basic Shares Outstanding	201	201	201	201	201
Diluted Shares Outstanding	201	201	201	201	201
EPS (Basic)	32.98	43.66	42.82	18.59	5.00
EPS (Diluted)	32.98	43.66	42.82	18.59	5.00
EPS Growth	-24.47%	1.97%	130.32%	272.11%	-
Dividend Per Share	10.200	21.100	18.500	9.000	1.000
Dividend Growth	-51.66%	14.05%	105.56%	800.00%	-
Effective Tax Rate	15.63%	8.79%	1.74%	3.68%	4.34%

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