GFH Financial Group

GFH Bank B.S.C.

GFHStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD KWD

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	127.87M	117.98M	216.78M	132.35M	104.92M
Interest Income	48.04M	34.60M	33.03M	29.34M	24.56M
Interest Expense	86.50M	82.37M	28.48M	14.85M	11.05M
Pretax Income	45.05M	39.79M	32.58M	30.25M	28.68M
Net Income	43.38M	36.69M	31.85M	27.94M	26.08M
Net Interest Income	-38.46M	-47.77M	25.46M	22.11M	17.94M
Non-Interest Income	174.74M	171.41M	197.65M	111.26M	98.00M
Non-Interest Expense	82.82M	78.19M	185.54M	105.29M	83.77M
Loan Loss Provisions	8.41M	5.67M	6.33M	1.02M	11.02M
EPS (Basic)	0.04	0.03	0.03	0.03	0.02
EPS (Diluted)	0.04	0.03	0.03	0.03	0.02
DPS	0.03	0.02	0.02	0.02	0.01
Margins & Efficiency
Net Margin %	+33.9%	+31.1%	+14.7%	+21.1%	+24.9%
Revenue & Income
Revenue	412.99M	381.04M	700.14M	427.45M	338.87M
Revenue	412.99M	381.04M	700.14M	427.45M	338.87M
Revenue Growth (YoY)	+8.4%	-45.6%	+63.8%	+26.1%	+23.9%
Revenues Before Loan Losses	440.17M	399.34M	720.60M	430.76M	374.45M
Trust Income	564.38M	553.61M	322.28M	189.22M	170.50M
Interest Income on Investments	—	—	67.51M	24.63M	14.28M
Interest Income on Loans	155.16M	111.75M	106.69M	94.75M	79.33M
Total Interest Income	155.16M	111.75M	174.20M	119.38M	93.61M
Net Interest Income	-124.21M	-154.28M	82.22M	71.42M	57.93M
Net Interest Income Growth (YoY)	—	—	+15.1%	+23.3%	-61.1%
Non-Interest Income Growth (YoY)	+1.9%	-13.3%	+77.7%	+13.5%	+109.3%
Total Non-Interest Income	564.38M	553.61M	638.38M	359.34M	316.52M
Other Non-Interest Income	—	—	53.74M	-11.49M	4.22M
Income From Trading Activities	—	—	182.72M	86.97M	102.30M
Gain (Loss) on Sale of Equity Investments	—	—	34.54M	27.69M	-0.06M
Gain (Loss) on Sale of Investments	—	—	37.14M	53.56M	14.67M
Expenses & Provisions
Selling, General & Administrative	—	—	—	2.93M	6.72M
Interest Paid on Deposits	279.37M	266.02M	91.97M	47.96M	35.69M
Total Non-Interest Expense	267.49M	252.53M	599.26M	340.05M	270.55M
Other Non-Interest Expense	267.49M	252.53M	599.26M	330.20M	204.80M
Provision for Loan Losses	27.18M	18.30M	20.46M	3.31M	35.58M
Salaries and Employee Benefits	—	—	—	—	59.04M
Profitability & Returns
EBT Excluding Unusual Items	145.50M	128.51M	100.88M	87.40M	68.32M
Pretax Income	145.50M	128.51M	105.23M	97.71M	92.62M
Profit Margin	+33.9%	+31.1%	+14.7%	+21.1%	+24.9%
Net Income	140.11M	118.50M	102.86M	90.25M	84.22M
Net Income to Common	140.11M	118.50M	102.86M	90.25M	84.22M
Net Income Growth	+18.2%	+15.2%	+14.0%	+7.2%	+86.8%
Earnings From Continuing Ops.	145.50M	128.51M	105.23M	97.71M	92.62M
Minority Interest in Earnings	-5.39M	-10.01M	-2.36M	-7.45M	-8.39M
Per Share & Capital
EPS (Basic)	0.04	0.03	0.03	0.03	0.02
EPS (Diluted)	0.04	0.03	0.03	0.03	0.02
EPS Growth	+19.8%	+11.2%	+11.8%	+6.7%	+87.7%
Dividend Per Share	0.03	0.02	0.02	0.02	0.01
Shares Change (YoY)	-0.01	0.04	0.02	0	-0
Shares Outstanding (Basic)	3.57B	3.62B	3.49B	3.43B	3.41B
Shares Outstanding (Diluted)	3.57B	3.62B	3.49B	3.43B	3.41B
Dividend Growth	+61.3%	—	+3.3%	+33.6%	+147.9%
Free Cash Flow	448.31M	-437.51M	889.03M	674.96M	735.05M
Free Cash Flow Margin	+108.6%	-114.8%	+127.0%	+157.9%	+216.9%
Free Cash Flow Per Share	0.13	-0.12	0.26	0.20	0.22
Payout Ratio	+67.0%	+51.2%	+56.8%	+49.7%	+20.9%
Supplemental
Other Unusual Items	—	—	4.35M	10.31M	24.30M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD KWD

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	127.87M	117.98M	216.78M	132.35M	104.92M
Interest Income	48.04M	34.60M	33.03M	29.34M	24.56M
Interest Expense	86.50M	82.37M	28.48M	14.85M	11.05M
Pretax Income	45.05M	39.79M	32.58M	30.25M	28.68M
Net Income	43.38M	36.69M	31.85M	27.94M	26.08M
Net Interest Income	-38.46M	-47.77M	25.46M	22.11M	17.94M
Non-Interest Income	174.74M	171.41M	197.65M	111.26M	98.00M
Non-Interest Expense	82.82M	78.19M	185.54M	105.29M	83.77M
Loan Loss Provisions	8.41M	5.67M	6.33M	1.02M	11.02M
EPS (Basic)	0.04	0.03	0.03	0.03	0.02
EPS (Diluted)	0.04	0.03	0.03	0.03	0.02
DPS	0.03	0.02	0.02	0.02	0.01
Margins & Efficiency
Net Margin %	+33.9%	+31.1%	+14.7%	+21.1%	+24.9%
Revenue & Income
Revenue	412.99M	381.04M	700.14M	427.45M	338.87M
Revenue	412.99M	381.04M	700.14M	427.45M	338.87M
Revenue Growth (YoY)	+8.4%	-45.6%	+63.8%	+26.1%	+23.9%
Revenues Before Loan Losses	440.17M	399.34M	720.60M	430.76M	374.45M
Trust Income	564.38M	553.61M	322.28M	189.22M	170.50M
Interest Income on Investments	—	—	67.51M	24.63M	14.28M
Interest Income on Loans	155.16M	111.75M	106.69M	94.75M	79.33M
Total Interest Income	155.16M	111.75M	174.20M	119.38M	93.61M
Net Interest Income	-124.21M	-154.28M	82.22M	71.42M	57.93M
Net Interest Income Growth (YoY)	—	—	+15.1%	+23.3%	-61.1%
Non-Interest Income Growth (YoY)	+1.9%	-13.3%	+77.7%	+13.5%	+109.3%
Total Non-Interest Income	564.38M	553.61M	638.38M	359.34M	316.52M
Other Non-Interest Income	—	—	53.74M	-11.49M	4.22M
Income From Trading Activities	—	—	182.72M	86.97M	102.30M
Gain (Loss) on Sale of Equity Investments	—	—	34.54M	27.69M	-0.06M
Gain (Loss) on Sale of Investments	—	—	37.14M	53.56M	14.67M
Expenses & Provisions
Selling, General & Administrative	—	—	—	2.93M	6.72M
Interest Paid on Deposits	279.37M	266.02M	91.97M	47.96M	35.69M
Total Non-Interest Expense	267.49M	252.53M	599.26M	340.05M	270.55M
Other Non-Interest Expense	267.49M	252.53M	599.26M	330.20M	204.80M
Provision for Loan Losses	27.18M	18.30M	20.46M	3.31M	35.58M
Salaries and Employee Benefits	—	—	—	—	59.04M
Profitability & Returns
EBT Excluding Unusual Items	145.50M	128.51M	100.88M	87.40M	68.32M
Pretax Income	145.50M	128.51M	105.23M	97.71M	92.62M
Profit Margin	+33.9%	+31.1%	+14.7%	+21.1%	+24.9%
Net Income	140.11M	118.50M	102.86M	90.25M	84.22M
Net Income to Common	140.11M	118.50M	102.86M	90.25M	84.22M
Net Income Growth	+18.2%	+15.2%	+14.0%	+7.2%	+86.8%
Earnings From Continuing Ops.	145.50M	128.51M	105.23M	97.71M	92.62M
Minority Interest in Earnings	-5.39M	-10.01M	-2.36M	-7.45M	-8.39M
Per Share & Capital
EPS (Basic)	0.04	0.03	0.03	0.03	0.02
EPS (Diluted)	0.04	0.03	0.03	0.03	0.02
EPS Growth	+19.8%	+11.2%	+11.8%	+6.7%	+87.7%
Dividend Per Share	0.03	0.02	0.02	0.02	0.01
Shares Change (YoY)	-0.01	0.04	0.02	0	-0
Shares Outstanding (Basic)	3.57B	3.62B	3.49B	3.43B	3.41B
Shares Outstanding (Diluted)	3.57B	3.62B	3.49B	3.43B	3.41B
Dividend Growth	+61.3%	—	+3.3%	+33.6%	+147.9%
Free Cash Flow	448.31M	-437.51M	889.03M	674.96M	735.05M
Free Cash Flow Margin	+108.6%	-114.8%	+127.0%	+157.9%	+216.9%
Free Cash Flow Per Share	0.13	-0.12	0.26	0.20	0.22
Payout Ratio	+67.0%	+51.2%	+56.8%	+49.7%	+20.9%
Supplemental
Other Unusual Items	—	—	4.35M	10.31M	24.30M