GULF BANK

Gulf Bank K.S.C.

GBKStocksBoursa KuwaitBanks

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	-780.90M	170.46M	-216.29M	-329.53M	-527.47M
Free Cash Flow	-789.74M	160.51M	-224.46M	-340.67M	-534.61M
Capital Expenditures	-8.84M	-9.95M	-8.17M	-11.14M	-7.14M
Investing & Financing
Investing Cash Flow	-108.13M	-13.62M	-70.11M	0.91M	23.13M
Financing Cash Flow	344.28M	137.28M	450.27M	316.02M	340.91M
Dividends Paid	-37.93M	-43.46M	-32.01M	-21.08M	-15.06M
Share Repurchase	—	-2.38M	—	—	—
Operating Activities
Operating Cash Flow	-780.90M	170.46M	-216.29M	-329.53M	-527.47M
Net Income	52.38M	60.17M	71.21M	61.80M	42.11M
Change in Other Net Operating Assets	-888.54M	68.60M	-334.59M	-435.33M	-635.27M
Net Increase (Decrease) in Deposit Accounts	123.50M	233.35M	346.39M	44.28M	238.11M
Other Operating Activities	-1.66M	-1.27M	-0.23M	-0.80M	-0.68M
Provision for Credit Losses	48.18M	34.91M	40.19M	37.87M	59.44M
Depreciation & Amortization	8.74M	8.12M	7.17M	6.83M	6.82M
Cash Interest Paid	234.71M	250.15M	192.07M	82.11M	55.74M
Cash Income Tax Paid	2.90M	3.34M	2.87M	—	—
Total Asset Writedown	—	—	68.00K	131.00K	—
Investing Activities
Investing Cash Flow	-108.13M	-13.62M	-70.11M	0.91M	23.13M
Capital Expenditures	-8.84M	-9.95M	-8.17M	-11.14M	-7.14M
Investment in Securities	-100.96M	-4.67M	-62.95M	11.25M	29.59M
Other Investing Activities	1.67M	1.00M	1.01M	0.80M	0.68M
Gain (Loss) on Sale of Investments	5.00K	-62.00K	-103.00K	-42.00K	110.00K
Financing Activities
Financing Cash Flow	344.28M	137.28M	450.27M	316.02M	340.91M
Common Dividends Paid	-37.93M	-43.46M	-32.01M	-21.08M	-15.06M
Issuance of Common Stock	—	—	60.01M	13.89M	2.86M
Repurchase of Common Stock	—	-2.38M	—	—	—
Long-Term Debt Issued	258.72M	—	76.14M	278.93M	115.00M
Long-Term Debt Repaid	—	-50.24M	—	—	—
Net Debt Issued (Repaid)	258.72M	-50.24M	76.14M	278.93M	115.00M
Other Financing Activities	—	—	-264.00K	—	—
Free Cash Flow & Returns
Free Cash Flow	-789.74M	160.51M	-224.46M	-340.67M	-534.61M
Free Cash Flow Margin	-528.0%	+103.0%	-138.8%	-225.3%	-436.6%
Free Cash Flow Per Share	-0.20	0.04	-0.06	-0.09	-0.15
Net Cash Flow	-544.75M	294.12M	163.87M	-12.61M	-163.43M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	-780.90M	170.46M	-216.29M	-329.53M	-527.47M
Free Cash Flow	-789.74M	160.51M	-224.46M	-340.67M	-534.61M
Capital Expenditures	-8.84M	-9.95M	-8.17M	-11.14M	-7.14M
Investing & Financing
Investing Cash Flow	-108.13M	-13.62M	-70.11M	0.91M	23.13M
Financing Cash Flow	344.28M	137.28M	450.27M	316.02M	340.91M
Dividends Paid	-37.93M	-43.46M	-32.01M	-21.08M	-15.06M
Share Repurchase	—	-2.38M	—	—	—
Operating Activities
Operating Cash Flow	-780.90M	170.46M	-216.29M	-329.53M	-527.47M
Net Income	52.38M	60.17M	71.21M	61.80M	42.11M
Change in Other Net Operating Assets	-888.54M	68.60M	-334.59M	-435.33M	-635.27M
Net Increase (Decrease) in Deposit Accounts	123.50M	233.35M	346.39M	44.28M	238.11M
Other Operating Activities	-1.66M	-1.27M	-0.23M	-0.80M	-0.68M
Provision for Credit Losses	48.18M	34.91M	40.19M	37.87M	59.44M
Depreciation & Amortization	8.74M	8.12M	7.17M	6.83M	6.82M
Cash Interest Paid	234.71M	250.15M	192.07M	82.11M	55.74M
Cash Income Tax Paid	2.90M	3.34M	2.87M	—	—
Total Asset Writedown	—	—	68.00K	131.00K	—
Investing Activities
Investing Cash Flow	-108.13M	-13.62M	-70.11M	0.91M	23.13M
Capital Expenditures	-8.84M	-9.95M	-8.17M	-11.14M	-7.14M
Investment in Securities	-100.96M	-4.67M	-62.95M	11.25M	29.59M
Other Investing Activities	1.67M	1.00M	1.01M	0.80M	0.68M
Gain (Loss) on Sale of Investments	5.00K	-62.00K	-103.00K	-42.00K	110.00K
Financing Activities
Financing Cash Flow	344.28M	137.28M	450.27M	316.02M	340.91M
Common Dividends Paid	-37.93M	-43.46M	-32.01M	-21.08M	-15.06M
Issuance of Common Stock	—	—	60.01M	13.89M	2.86M
Repurchase of Common Stock	—	-2.38M	—	—	—
Long-Term Debt Issued	258.72M	—	76.14M	278.93M	115.00M
Long-Term Debt Repaid	—	-50.24M	—	—	—
Net Debt Issued (Repaid)	258.72M	-50.24M	76.14M	278.93M	115.00M
Other Financing Activities	—	—	-264.00K	—	—
Free Cash Flow & Returns
Free Cash Flow	-789.74M	160.51M	-224.46M	-340.67M	-534.61M
Free Cash Flow Margin	-528.0%	+103.0%	-138.8%	-225.3%	-436.6%
Free Cash Flow Per Share	-0.20	0.04	-0.06	-0.09	-0.15
Net Cash Flow	-544.75M	294.12M	163.87M	-12.61M	-163.43M