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
Operating Summary
Revenue	149.58M	155.83M	161.77M	151.23M	122.46M
Interest Income	380.35M	403.48M	369.97M	244.46M	185.99M
Interest Expense	234.33M	247.23M	219.53M	102.27M	53.68M
Pretax Income	52.92M	60.80M	71.96M	62.45M	42.55M
Income Tax	540.00K	623.00K	749.00K	648.00K	446.00K
Net Income	52.38M	60.17M	71.21M	61.80M	42.11M
Net Interest Income	147.69M	157.25M	151.45M	142.99M	132.99M
Non-Interest Income	41.19M	42.14M	38.92M	38.11M	36.96M
Non-Interest Expense	96.66M	95.03M	89.74M	88.65M	79.90M
Loan Loss Provisions	39.30M	43.56M	28.59M	29.87M	47.49M
EPS (Basic)	0.01	0.02	0.02	0.02	0.01
EPS (Diluted)	0.01	0.02	0.02	0.02	0.01
DPS	0.01	0.01	0.01	0.01	0.01
Margins & Efficiency
Net Margin %	+35.0%	+38.6%	+44.0%	+40.9%	+34.4%
Revenue & Income
Revenue	149.58M	155.83M	161.77M	151.23M	122.46M
Revenue	149.58M	155.83M	161.77M	151.23M	122.46M
Revenue Growth (YoY)	-4.0%	-3.7%	+7.0%	+23.5%	+28.6%
Revenues Before Loan Losses	188.88M	199.39M	190.36M	181.10M	169.95M
Interest Income on Investments	1.67M	1.00M	1.01M	0.80M	0.68M
Interest Income on Loans	380.35M	403.48M	369.97M	244.46M	185.99M
Total Interest Income	382.02M	404.48M	370.98M	245.26M	186.67M
Net Interest Income	147.69M	157.25M	151.45M	142.99M	132.99M
Net Interest Income Growth (YoY)	-6.1%	+3.8%	+5.9%	+7.5%	+6.1%
Non-Interest Income Growth (YoY)	-2.3%	+8.3%	+2.1%	+3.1%	+11.8%
Total Non-Interest Income	41.19M	42.14M	38.92M	38.11M	36.96M
Other Non-Interest Income	41.19M	42.08M	38.81M	38.07M	37.07M
Gain (Loss) on Sale of Investments	-5.00K	62.00K	103.00K	42.00K	-110.00K
Expenses & Provisions
Selling, General & Administrative	2.96M	3.02M	3.28M	2.91M	2.81M
Interest Paid on Deposits	234.33M	247.23M	219.53M	102.27M	53.68M
Total Non-Interest Expense	96.66M	95.03M	89.74M	88.65M	79.90M
Other Non-Interest Expense	30.49M	29.77M	24.67M	22.71M	22.12M
Provision for Loan Losses	39.30M	43.56M	28.59M	29.87M	47.49M
Salaries and Employee Benefits	53.91M	53.49M	53.87M	55.55M	47.71M
Occupancy Expenses	8.74M	8.12M	7.17M	6.83M	6.82M
Asset Writedown	—	—	-68.00K	-131.00K	—
Profitability & Returns
EBT Excluding Unusual Items	52.92M	60.80M	72.03M	62.58M	42.55M
Pretax Income	52.92M	60.80M	71.96M	62.45M	42.55M
Profit Margin	+35.0%	+38.6%	+44.0%	+40.9%	+34.4%
Net Income	52.38M	60.17M	71.21M	61.80M	42.11M
Net Income to Common	52.38M	60.17M	71.21M	61.80M	42.11M
Net Income Growth	-13.0%	-15.5%	+15.2%	+46.8%	+46.2%
Income Tax Expense	540.00K	623.00K	749.00K	648.00K	446.00K
Effective Tax Rate	+1.0%	+1.0%	+1.0%	+1.0%	+1.0%
Per Share & Capital
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	-12.9%	-20.9%	+23.1%	+34.6%	+42.3%
Dividend Per Share	0.01	0.01	0.01	0.01	0.01
Shares Change (YoY)	-0	0.07	-0.06	0.09	0.03
Shares Outstanding (Basic)	3.98B	3.99B	3.73B	3.99B	3.66B
Shares Outstanding (Diluted)	3.98B	3.99B	3.73B	3.99B	3.66B
Dividend Growth	-5.3%	-12.8%	+25.3%	+52.6%	+39.0%
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
Payout Ratio	+72.4%	+72.2%	+44.9%	+34.1%	+35.8%

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
Operating Summary
Revenue	149.58M	155.83M	161.77M	151.23M	122.46M
Interest Income	380.35M	403.48M	369.97M	244.46M	185.99M
Interest Expense	234.33M	247.23M	219.53M	102.27M	53.68M
Pretax Income	52.92M	60.80M	71.96M	62.45M	42.55M
Income Tax	540.00K	623.00K	749.00K	648.00K	446.00K
Net Income	52.38M	60.17M	71.21M	61.80M	42.11M
Net Interest Income	147.69M	157.25M	151.45M	142.99M	132.99M
Non-Interest Income	41.19M	42.14M	38.92M	38.11M	36.96M
Non-Interest Expense	96.66M	95.03M	89.74M	88.65M	79.90M
Loan Loss Provisions	39.30M	43.56M	28.59M	29.87M	47.49M
EPS (Basic)	0.01	0.02	0.02	0.02	0.01
EPS (Diluted)	0.01	0.02	0.02	0.02	0.01
DPS	0.01	0.01	0.01	0.01	0.01
Margins & Efficiency
Net Margin %	+35.0%	+38.6%	+44.0%	+40.9%	+34.4%
Revenue & Income
Revenue	149.58M	155.83M	161.77M	151.23M	122.46M
Revenue	149.58M	155.83M	161.77M	151.23M	122.46M
Revenue Growth (YoY)	-4.0%	-3.7%	+7.0%	+23.5%	+28.6%
Revenues Before Loan Losses	188.88M	199.39M	190.36M	181.10M	169.95M
Interest Income on Investments	1.67M	1.00M	1.01M	0.80M	0.68M
Interest Income on Loans	380.35M	403.48M	369.97M	244.46M	185.99M
Total Interest Income	382.02M	404.48M	370.98M	245.26M	186.67M
Net Interest Income	147.69M	157.25M	151.45M	142.99M	132.99M
Net Interest Income Growth (YoY)	-6.1%	+3.8%	+5.9%	+7.5%	+6.1%
Non-Interest Income Growth (YoY)	-2.3%	+8.3%	+2.1%	+3.1%	+11.8%
Total Non-Interest Income	41.19M	42.14M	38.92M	38.11M	36.96M
Other Non-Interest Income	41.19M	42.08M	38.81M	38.07M	37.07M
Gain (Loss) on Sale of Investments	-5.00K	62.00K	103.00K	42.00K	-110.00K
Expenses & Provisions
Selling, General & Administrative	2.96M	3.02M	3.28M	2.91M	2.81M
Interest Paid on Deposits	234.33M	247.23M	219.53M	102.27M	53.68M
Total Non-Interest Expense	96.66M	95.03M	89.74M	88.65M	79.90M
Other Non-Interest Expense	30.49M	29.77M	24.67M	22.71M	22.12M
Provision for Loan Losses	39.30M	43.56M	28.59M	29.87M	47.49M
Salaries and Employee Benefits	53.91M	53.49M	53.87M	55.55M	47.71M
Occupancy Expenses	8.74M	8.12M	7.17M	6.83M	6.82M
Asset Writedown	—	—	-68.00K	-131.00K	—
Profitability & Returns
EBT Excluding Unusual Items	52.92M	60.80M	72.03M	62.58M	42.55M
Pretax Income	52.92M	60.80M	71.96M	62.45M	42.55M
Profit Margin	+35.0%	+38.6%	+44.0%	+40.9%	+34.4%
Net Income	52.38M	60.17M	71.21M	61.80M	42.11M
Net Income to Common	52.38M	60.17M	71.21M	61.80M	42.11M
Net Income Growth	-13.0%	-15.5%	+15.2%	+46.8%	+46.2%
Income Tax Expense	540.00K	623.00K	749.00K	648.00K	446.00K
Effective Tax Rate	+1.0%	+1.0%	+1.0%	+1.0%	+1.0%
Per Share & Capital
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	-12.9%	-20.9%	+23.1%	+34.6%	+42.3%
Dividend Per Share	0.01	0.01	0.01	0.01	0.01
Shares Change (YoY)	-0	0.07	-0.06	0.09	0.03
Shares Outstanding (Basic)	3.98B	3.99B	3.73B	3.99B	3.66B
Shares Outstanding (Diluted)	3.98B	3.99B	3.73B	3.99B	3.66B
Dividend Growth	-5.3%	-12.8%	+25.3%	+52.6%	+39.0%
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
Payout Ratio	+72.4%	+72.2%	+44.9%	+34.1%	+35.8%