Gulf Bank K.S.C.P. Income Statement

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

Millions KWD. 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	380.35	403.48	369.97	244.46	185.99
Interest Income on Investments	1.67	1	1.01	0.8	0.68
Total Interest Income	382.02	404.48	370.98	245.26	186.67
Interest Paid on Deposits	234.33	247.23	219.53	102.27	53.68
Net Interest Income	147.69	157.25	151.45	142.99	132.99
Net Interest Income Growth (YoY)	-6.08%	3.83%	5.91%	7.52%	6.11%
Gain (Loss) on Sale of Investments	-0.01	0.06	0.1	0.04	-0.11
Other Non-Interest Income	41.19	42.08	38.81	38.07	37.07
Total Non-Interest Income	41.19	42.14	38.92	38.11	36.96
Non-Interest Income Growth (YoY)	-2.27%	8.28%	2.12%	3.12%	11.82%
Revenues Before Loan Losses	188.88	199.39	190.36	181.1	169.95
Provision for Loan Losses	39.3	43.56	28.59	29.87	47.49
Revenue	149.58	155.83	161.77	151.23	122.46
Revenue Growth (YoY)	-4.01%	-3.68%	6.97%	23.50%	28.62%
Salaries and Employee Benefits	53.91	53.49	53.87	55.55	47.71
Occupancy Expenses	8.74	8.12	7.17	6.83	6.82
Selling, General & Administrative	2.96	3.02	3.28	2.91	2.81
Other Non-Interest Expense	30.49	29.77	24.67	22.71	22.12
Total Non-Interest Expense	96.66	95.03	89.74	88.65	79.9
EBT Excluding Unusual Items	52.92	60.8	72.03	62.58	42.55
Asset Writedown	-	-	-0.07	-0.13	-
Pretax Income	52.92	60.8	71.96	62.45	42.55
Income Tax Expense	0.54	0.62	0.75	0.65	0.45
Net Income	52.38	60.17	71.21	61.8	42.11
Net Income to Common	52.38	60.17	71.21	61.8	42.11
Net Income Growth	-12.95%	-15.50%	15.22%	46.78%	46.20%
Basic Shares Outstanding	3,983	3,987	3,731	3,987	3,657
Diluted Shares Outstanding	3,983	3,987	3,731	3,987	3,657
Shares Change (YoY)	-0.10%	6.85%	-6.42%	9.03%	2.76%
EPS (Basic)	0.01	0.02	0.02	0.02	0.01
EPS (Diluted)	0.01	0.02	0.02	0.02	0.01
EPS Growth	-12.86%	-20.92%	23.12%	34.63%	42.28%
Dividend Per Share	0.009	0.009	0.011	0.009	0.006
Dividend Growth	-5.26%	-12.84%	25.29%	52.63%	39.02%
Effective Tax Rate	1.02%	1.03%	1.04%	1.04%	1.05%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.