Warba Bank K.S.C.P. (KWSE:WARBABANK)

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

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Investments	257.92	244.86	224.81	129.3	95.41
Total Interest Income	257.92	244.86	224.81	129.3	95.41
Interest Paid on Deposits	198.12	190.07	180.78	81.06	48.58
Net Interest Income	59.8	54.79	44.03	48.24	46.83
Net Interest Income Growth (YoY)	9.14%	24.44%	-8.73%	3.01%	0.80%
Gain (Loss) on Sale of Assets	-	-	1.9	0.58	2.6
Gain (Loss) on Sale of Investments	3.71	10.03	1.47	0.31	14.85
Gain (Loss) on Sale of Equity Investments	13.8	-7.97	-0.2	16.31	27.01
Other Non-Interest Income	33.39	25.39	17.01	13.84	15.88
Total Non-Interest Income	50.9	27.46	20.18	31.04	60.35
Non-Interest Income Growth (YoY)	85.39%	36.07%	-34.99%	-48.58%	92.22%
Revenues Before Loan Losses	110.7	82.24	64.2	79.28	107.18
Provision for Loan Losses	10.25	10.41	2.51	23.86	59.76
Revenue	100.45	71.84	61.7	55.42	47.43
Revenue Growth (YoY)	39.83%	16.43%	11.32%	16.86%	51.93%
Salaries and Employee Benefits	30.05	29.12	26.45	22.59	20.44
Occupancy Expenses	6.4	7.53	5.78	6.45	6.03
Selling, General & Administrative	10.71	9.77	8.78	6.1	4.4
Other Non-Interest Expense	-	-	0.54	0.53	0.44
Total Non-Interest Expense	47.17	46.42	41.74	35.85	31.46
EBT Excluding Unusual Items	53.28	25.41	19.96	19.57	15.96
Asset Writedown	-1.4	-1.94	-0.08	-0.08	0.17
Pretax Income	51.88	23.48	19.88	19.49	16.14
Income Tax Expense	2.26	1.07	0.21	0.21	0.17
Net Income	49.62	22.4	19.67	19.29	15.96
Preferred Dividends & Other Adjustments	5.46	3.08	3.08	4.53	5.77
Net Income to Common	44.16	19.33	16.59	14.76	10.2
Net Income Growth	121.50%	13.91%	1.97%	20.82%	183.35%
Basic Shares Outstanding	3,854	2,437	2,315	2,315	1,959
Diluted Shares Outstanding	3,854	2,437	2,315	2,315	1,959
Shares Change (YoY)	58.18%	5.27%	-	18.15%	1.01%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	44.45%	10.69%	12.39%	22.50%	1448.81%
Dividend Per Share	0.005	-	-	0.003	-
Effective Tax Rate	4.35%	4.57%	1.07%	1.05%	1.06%

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