Gulf Bank K.S.C.P. (KWSE:GBK)

Gulf Bank K.S.C.P. 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	382.96	403.48	369.97	244.46	185.99	209.35
Interest Income on Investments	1.67	1	1.01	0.8	0.68	0.57
Total Interest Income	384.63	404.48	370.98	245.26	186.67	209.92
Interest Paid on Deposits	234.72	247.23	219.53	102.27	53.68	84.58
Net Interest Income	149.91	157.25	151.45	142.99	132.99	125.34
Net Interest Income Growth (YoY)	-5.37%	3.83%	5.91%	7.52%	6.11%	-24.28%
Gain (Loss) on Sale of Investments	0.01	0.06	0.1	0.04	-0.11	0.12
Other Non-Interest Income	43.92	42.08	38.81	38.07	37.07	32.93
Total Non-Interest Income	43.92	42.14	38.92	38.11	36.96	33.05
Non-Interest Income Growth (YoY)	16.10%	8.28%	2.12%	3.12%	11.82%	-21.52%
Revenues Before Loan Losses	193.83	199.39	190.36	181.1	169.95	158.39
Provision for Loan Losses	35.83	43.56	28.59	29.87	47.49	63.18
Revenue	158	155.83	161.77	151.23	122.46	95.21
Revenue Growth (YoY)	5.30%	-3.68%	6.97%	23.50%	28.62%	-34.80%
Salaries and Employee Benefits	54.43	53.49	53.87	55.55	47.71	36.87
Occupancy Expenses	8.72	8.12	7.17	6.83	6.82	7.62
Selling, General & Administrative	2.84	3.02	3.28	2.91	2.81	2.9
Other Non-Interest Expense	32.49	29.77	24.67	22.71	22.12	17.42
Total Non-Interest Expense	99.09	95.03	89.74	88.65	79.9	65.12
EBT Excluding Unusual Items	58.92	60.8	72.03	62.58	42.55	30.09
Asset Writedown	-	-	-0.07	-0.13	-	-0.99
Pretax Income	58.92	60.8	71.96	62.45	42.55	29.1
Income Tax Expense	0.59	0.62	0.75	0.65	0.45	0.3
Net Income	58.33	60.17	71.21	61.8	42.11	28.8
Net Income to Common	58.33	60.17	71.21	61.8	42.11	28.8
Net Income Growth	1.26%	-15.50%	15.22%	46.78%	46.20%	-54.75%
Basic Shares Outstanding	3,983	3,987	3,731	3,792	3,657	3,559
Diluted Shares Outstanding	3,983	3,987	3,731	3,792	3,657	3,559
Shares Change (YoY)	1.50%	6.85%	-1.59%	3.68%	2.76%	1.02%
EPS (Basic)	0.01	0.02	0.02	0.02	0.01	0.01
EPS (Diluted)	0.01	0.02	0.02	0.02	0.01	0.01
EPS Growth	-0.24%	-20.92%	17.08%	41.58%	42.28%	-55.21%
Dividend Per Share	0.009	0.009	0.011	0.009	0.006	0.004
Dividend Growth	-12.84%	-12.84%	25.29%	52.63%	39.02%	-54.95%
Effective Tax Rate	1.00%	1.03%	1.04%	1.04%	1.05%	1.04%

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