Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.23B	1.16B	1.08B	0.98B	0.77B
Interest Income	2.34B	2.26B	2.04B	1.24B	0.89B
Interest Expense	1.34B	1.28B	1.13B	0.48B	0.22B
Pretax Income	733.63M	696.00M	636.47M	577.48M	414.76M
Income Tax	117.76M	57.44M	48.10M	47.42M	34.14M
Net Income	557.50M	578.31M	538.73M	487.32M	339.12M
Net Interest Income	999.55M	980.06M	905.14M	755.84M	669.26M
Non-Interest Income	297.30M	271.14M	261.63M	253.90M	230.53M
Non-Interest Expense	498.70M	468.74M	427.23M	386.89M	352.54M
Loan Loss Provisions	62.56M	86.46M	82.89M	25.16M	132.50M
EPS (Basic)	0.06	0.06	0.06	0.05	0.04
EPS (Diluted)	0.06	0.06	0.06	0.05	0.04
DPS	0.03	0.03	0.03	0.03	0.02
Margins & Efficiency
Net Margin %	+45.2%	+49.7%	+49.7%	+49.5%	+44.2%
Revenue & Income
Revenue	1.23B	1.16B	1.08B	0.98B	0.77B
Revenue	1.23B	1.16B	1.08B	0.98B	0.77B
Revenue Growth (YoY)	+6.0%	+7.5%	+10.1%	+28.3%	+29.3%
Revenues Before Loan Losses	1.30B	1.25B	1.17B	1.01B	0.90B
Interest Income on Loans	2.34B	2.26B	2.04B	1.24B	0.89B
Net Interest Income	999.55M	980.06M	905.14M	755.84M	669.26M
Net Interest Income Growth (YoY)	+2.0%	+8.3%	+19.8%	+12.9%	+5.7%
Non-Interest Income Growth (YoY)	+9.6%	+3.6%	+3.0%	+10.1%	+11.7%
Total Non-Interest Income	297.30M	271.14M	261.63M	253.90M	230.53M
Other Non-Interest Income	269.77M	249.50M	241.97M	249.08M	208.46M
Gain (Loss) on Sale of Assets	—	—	—	1.28M	—
Gain (Loss) on Sale of Equity Investments	3.00M	2.69M	0.77M	0.79M	0.44M
Gain (Loss) on Sale of Investments	24.53M	18.96M	18.89M	2.76M	21.63M
Expenses & Provisions
Selling, General & Administrative	183.89M	170.13M	149.87M	128.92M	118.30M
Interest Paid on Deposits	1.34B	1.28B	1.13B	0.48B	0.22B
Total Non-Interest Expense	498.70M	468.74M	427.23M	386.89M	352.54M
Provision for Loan Losses	62.56M	86.46M	82.89M	25.16M	132.50M
Salaries and Employee Benefits	261.99M	250.05M	231.40M	217.41M	198.54M
Occupancy Expenses	51.17M	46.91M	44.31M	38.92M	34.05M
Amortization of Goodwill & Intangibles	1.65M	1.65M	1.65M	1.65M	1.65M
Profitability & Returns
EBT Excluding Unusual Items	735.59M	696.00M	656.64M	597.68M	414.76M
Pretax Income	733.63M	696.00M	636.47M	577.48M	414.76M
Profit Margin	+45.2%	+49.7%	+49.7%	+49.5%	+44.2%
Net Income	575.65M	600.12M	560.62M	509.09M	362.25M
Net Income to Common	557.50M	578.31M	538.73M	487.32M	339.12M
Net Income Growth	-4.1%	+7.0%	+10.1%	+40.5%	+47.1%
Earnings From Continuing Ops.	615.87M	638.56M	588.37M	530.06M	380.62M
Minority Interest in Earnings	-40.22M	-38.44M	-27.75M	-20.98M	-18.37M
Income Tax Expense	117.76M	57.44M	48.10M	47.42M	34.14M
Effective Tax Rate	+16.1%	+8.3%	+7.6%	+8.2%	+8.2%
Per Share & Capital
EPS (Basic)	0.06	0.06	0.06	0.05	0.04
EPS (Diluted)	0.06	0.06	0.06	0.05	0.04
EPS Growth	-3.6%	+7.3%	+10.6%	+43.7%	+52.6%
Dividend Per Share	0.03	0.03	0.03	0.03	0.02
Shares Change (YoY)	—	0	0	0	0.01
Shares Outstanding (Basic)	9.18B	9.18B	9.18B	9.18B	9.18B
Shares Outstanding (Diluted)	9.18B	9.18B	9.18B	9.18B	9.18B
Dividend Growth	+5.0%	+5.0%	+4.9%	+22.6%	+56.7%
Free Cash Flow	-2.90B	1.51B	-0.30B	-1.56B	-0.83B
Free Cash Flow Margin	-234.7%	+130.0%	-27.9%	-158.6%	-108.8%
Free Cash Flow Per Share	-0.32	0.17	-0.03	-0.17	-0.09
Payout Ratio	+38.7%	+49.9%	+51.1%	+60.8%	+43.3%
Preferred Dividends & Other Adjustments	18.14M	21.82M	21.89M	21.76M	23.13M

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	1.23B	1.16B	1.08B	0.98B	0.77B
Interest Income	2.34B	2.26B	2.04B	1.24B	0.89B
Interest Expense	1.34B	1.28B	1.13B	0.48B	0.22B
Pretax Income	733.63M	696.00M	636.47M	577.48M	414.76M
Income Tax	117.76M	57.44M	48.10M	47.42M	34.14M
Net Income	557.50M	578.31M	538.73M	487.32M	339.12M
Net Interest Income	999.55M	980.06M	905.14M	755.84M	669.26M
Non-Interest Income	297.30M	271.14M	261.63M	253.90M	230.53M
Non-Interest Expense	498.70M	468.74M	427.23M	386.89M	352.54M
Loan Loss Provisions	62.56M	86.46M	82.89M	25.16M	132.50M
EPS (Basic)	0.06	0.06	0.06	0.05	0.04
EPS (Diluted)	0.06	0.06	0.06	0.05	0.04
DPS	0.03	0.03	0.03	0.03	0.02
Margins & Efficiency
Net Margin %	+45.2%	+49.7%	+49.7%	+49.5%	+44.2%
Revenue & Income
Revenue	1.23B	1.16B	1.08B	0.98B	0.77B
Revenue	1.23B	1.16B	1.08B	0.98B	0.77B
Revenue Growth (YoY)	+6.0%	+7.5%	+10.1%	+28.3%	+29.3%
Revenues Before Loan Losses	1.30B	1.25B	1.17B	1.01B	0.90B
Interest Income on Loans	2.34B	2.26B	2.04B	1.24B	0.89B
Net Interest Income	999.55M	980.06M	905.14M	755.84M	669.26M
Net Interest Income Growth (YoY)	+2.0%	+8.3%	+19.8%	+12.9%	+5.7%
Non-Interest Income Growth (YoY)	+9.6%	+3.6%	+3.0%	+10.1%	+11.7%
Total Non-Interest Income	297.30M	271.14M	261.63M	253.90M	230.53M
Other Non-Interest Income	269.77M	249.50M	241.97M	249.08M	208.46M
Gain (Loss) on Sale of Assets	—	—	—	1.28M	—
Gain (Loss) on Sale of Equity Investments	3.00M	2.69M	0.77M	0.79M	0.44M
Gain (Loss) on Sale of Investments	24.53M	18.96M	18.89M	2.76M	21.63M
Expenses & Provisions
Selling, General & Administrative	183.89M	170.13M	149.87M	128.92M	118.30M
Interest Paid on Deposits	1.34B	1.28B	1.13B	0.48B	0.22B
Total Non-Interest Expense	498.70M	468.74M	427.23M	386.89M	352.54M
Provision for Loan Losses	62.56M	86.46M	82.89M	25.16M	132.50M
Salaries and Employee Benefits	261.99M	250.05M	231.40M	217.41M	198.54M
Occupancy Expenses	51.17M	46.91M	44.31M	38.92M	34.05M
Amortization of Goodwill & Intangibles	1.65M	1.65M	1.65M	1.65M	1.65M
Profitability & Returns
EBT Excluding Unusual Items	735.59M	696.00M	656.64M	597.68M	414.76M
Pretax Income	733.63M	696.00M	636.47M	577.48M	414.76M
Profit Margin	+45.2%	+49.7%	+49.7%	+49.5%	+44.2%
Net Income	575.65M	600.12M	560.62M	509.09M	362.25M
Net Income to Common	557.50M	578.31M	538.73M	487.32M	339.12M
Net Income Growth	-4.1%	+7.0%	+10.1%	+40.5%	+47.1%
Earnings From Continuing Ops.	615.87M	638.56M	588.37M	530.06M	380.62M
Minority Interest in Earnings	-40.22M	-38.44M	-27.75M	-20.98M	-18.37M
Income Tax Expense	117.76M	57.44M	48.10M	47.42M	34.14M
Effective Tax Rate	+16.1%	+8.3%	+7.6%	+8.2%	+8.2%
Per Share & Capital
EPS (Basic)	0.06	0.06	0.06	0.05	0.04
EPS (Diluted)	0.06	0.06	0.06	0.05	0.04
EPS Growth	-3.6%	+7.3%	+10.6%	+43.7%	+52.6%
Dividend Per Share	0.03	0.03	0.03	0.03	0.02
Shares Change (YoY)	—	0	0	0	0.01
Shares Outstanding (Basic)	9.18B	9.18B	9.18B	9.18B	9.18B
Shares Outstanding (Diluted)	9.18B	9.18B	9.18B	9.18B	9.18B
Dividend Growth	+5.0%	+5.0%	+4.9%	+22.6%	+56.7%
Free Cash Flow	-2.90B	1.51B	-0.30B	-1.56B	-0.83B
Free Cash Flow Margin	-234.7%	+130.0%	-27.9%	-158.6%	-108.8%
Free Cash Flow Per Share	-0.32	0.17	-0.03	-0.17	-0.09
Payout Ratio	+38.7%	+49.9%	+51.1%	+60.8%	+43.3%
Preferred Dividends & Other Adjustments	18.14M	21.82M	21.89M	21.76M	23.13M

Financials

Annual (KWD)

National Bank Of Kuwait

Annual (KWD)