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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	382.35	380.35	403.48	369.97	244.46	185.99
Interest Income on Investments	1.67	1.67	1	1.01	0.8	0.68
Total Interest Income	384.02	382.02	404.48	370.98	245.26	186.67
Interest Paid on Deposits	236.14	234.33	247.23	219.53	102.27	53.68
Net Interest Income	147.88	147.69	157.25	151.45	142.99	132.99
Net Interest Income Growth (YoY)	-3.87%	-6.08%	3.83%	5.91%	7.52%	6.11%
Gain (Loss) on Sale of Investments	0.02	-0.01	0.06	0.1	0.04	-0.11
Other Non-Interest Income	42.14	41.19	42.08	38.81	38.07	37.07
Total Non-Interest Income	42.16	41.19	42.14	38.92	38.11	36.96
Non-Interest Income Growth (YoY)	2.21%	-2.27%	8.28%	2.12%	3.12%	11.82%
Revenues Before Loan Losses	190.04	188.88	199.39	190.36	181.1	169.95
Provision for Loan Losses	40.03	39.3	43.56	28.59	29.87	47.49
Revenue	150.01	149.58	155.83	161.77	151.23	122.46
Revenue Growth (YoY)	-2.33%	-4.01%	-3.68%	6.97%	23.50%	28.62%
Salaries and Employee Benefits	54.26	53.91	53.49	53.87	55.55	47.71
Occupancy Expenses	8.9	8.74	8.12	7.17	6.83	6.82
Selling, General & Administrative	2.93	2.96	3.02	3.28	2.91	2.81
Other Non-Interest Expense	30.37	30.49	29.77	24.67	22.71	22.12
Total Non-Interest Expense	97.02	96.66	95.03	89.74	88.65	79.9
EBT Excluding Unusual Items	52.99	52.92	60.8	72.03	62.58	42.55
Asset Writedown	-	-	-	-0.07	-0.13	-
Pretax Income	52.99	52.92	60.8	71.96	62.45	42.55
Income Tax Expense	0.54	0.54	0.62	0.75	0.65	0.45
Net Income	52.45	52.38	60.17	71.21	61.8	42.11
Net Income to Common	52.45	52.38	60.17	71.21	61.8	42.11
Net Income Growth	-7.41%	-12.95%	-15.50%	15.22%	46.78%	46.20%
Basic Shares Outstanding	4,182	4,182	4,186	3,918	4,176	3,840
Diluted Shares Outstanding	4,182	4,182	4,186	3,918	4,176	3,840
Shares Change (YoY)	-0.04%	-0.10%	6.85%	-6.18%	8.75%	2.76%
EPS (Basic)	0.01	0.01	0.01	0.02	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.02	0.01	0.01
EPS Growth	-7.38%	-12.86%	-20.92%	22.80%	34.98%	42.27%
Dividend Per Share	0.009	0.009	0.009	0.010	0.008	0.005
Dividend Growth	-4.44%	-4.44%	-13.46%	26.83%	49.09%	41.03%
Effective Tax Rate	1.02%	1.02%	1.03%	1.04%	1.04%	1.05%

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