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	Sep '26 Sep 30, 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	389.18	380.35	403.48	369.97	244.46	185.99
Interest Income on Investments	1.09	1.67	1	1.01	0.8	0.68
Total Interest Income	390.27	382.02	404.48	370.98	245.26	186.67
Interest Paid on Deposits	240.17	234.33	247.23	219.53	102.27	53.68
Net Interest Income	150.1	147.69	157.25	151.45	142.99	132.99
Net Interest Income Growth	0.13%	-6.08%	3.83%	5.91%	7.52%	6.11%
Gain (Loss) on Sale of Investments	0.01	-0.01	0.06	0.1	0.04	-0.11
Other Non-Interest Income	41.34	41.19	42.08	38.81	38.07	37.07
Total Non-Interest Income	41.34	41.19	42.14	38.92	38.11	36.96
Non-Interest Income Growth	-5.87%	-2.27%	8.28%	2.12%	3.12%	11.82%
Revenues Before Loan Losses	191.44	188.88	199.39	190.36	181.1	169.95
Provision for Loan Losses	32.41	39.3	43.56	28.59	29.87	47.49
Revenue	159.03	149.58	155.83	161.77	151.23	122.46
Revenue Growth	0.65%	-4.01%	-3.68%	6.97%	23.50%	28.62%
Salaries and Employee Benefits	55.04	53.91	53.49	53.87	55.55	47.71
Occupancy Expenses	9.04	8.74	8.12	7.17	6.83	6.82
Selling, General & Administrative	2.97	2.96	3.02	3.28	2.91	2.81
Other Non-Interest Expense	34.91	30.49	29.77	24.67	22.71	22.12
Total Non-Interest Expense	102.55	96.66	95.03	89.74	88.65	79.9
EBT Excluding Unusual Items	56.48	52.92	60.8	72.03	62.58	42.55
Asset Writedown	-	-	-	-0.07	-0.13	-
Pretax Income	56.48	52.92	60.8	71.96	62.45	42.55
Income Tax Expense	0.59	0.54	0.62	0.75	0.65	0.45
Net Income	55.89	52.38	60.17	71.21	61.8	42.11
Net Income to Common	55.89	52.38	60.17	71.21	61.8	42.11
Net Income Growth	-4.18%	-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	-	-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	-4.19%	-12.86%	-20.92%	22.80%	34.98%	42.27%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
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	1.05%	1.02%	1.03%	1.04%	1.04%	1.05%