Warba Bank

Warba Bank KSC

WARBABANKStocksBoursa 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	100.45M	71.84M	61.70M	55.42M	47.43M
Interest Expense	198.12M	190.07M	180.78M	81.06M	48.58M
Pretax Income	51.88M	23.48M	19.88M	19.49M	16.14M
Income Tax	2.26M	1.07M	0.21M	0.21M	0.17M
Net Income	44.16M	19.33M	16.59M	14.76M	10.20M
Net Interest Income	59.80M	54.79M	44.03M	48.24M	46.83M
Non-Interest Income	50.90M	27.46M	20.18M	31.04M	60.35M
Non-Interest Expense	47.17M	46.42M	41.74M	35.85M	31.46M
Loan Loss Provisions	10.25M	10.41M	2.51M	23.86M	59.76M
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
DPS	0.01	—	—	0.00	—
Margins & Efficiency
Net Margin %	+44.0%	+26.9%	+26.9%	+26.6%	+21.5%
Revenue & Income
Revenue	100.45M	71.84M	61.70M	55.42M	47.43M
Revenue	100.45M	71.84M	61.70M	55.42M	47.43M
Revenue Growth (YoY)	+39.8%	+16.4%	+11.3%	+16.9%	+51.9%
Revenues Before Loan Losses	110.70M	82.24M	64.20M	79.28M	107.18M
Interest Income on Investments	257.92M	244.86M	224.81M	129.30M	95.41M
Total Interest Income	257.92M	244.86M	224.81M	129.30M	95.41M
Net Interest Income	59.80M	54.79M	44.03M	48.24M	46.83M
Net Interest Income Growth (YoY)	+9.1%	+24.4%	-8.7%	+3.0%	+0.8%
Non-Interest Income Growth (YoY)	+85.4%	+36.1%	-35.0%	-48.6%	+92.2%
Total Non-Interest Income	50.90M	27.46M	20.18M	31.04M	60.35M
Other Non-Interest Income	33.39M	25.39M	17.01M	13.84M	15.88M
Gain (Loss) on Sale of Assets	—	—	1.90M	0.58M	2.60M
Gain (Loss) on Sale of Equity Investments	13.80M	-7.97M	-0.20M	16.31M	27.01M
Gain (Loss) on Sale of Investments	3.71M	10.03M	1.47M	0.31M	14.85M
Expenses & Provisions
Selling, General & Administrative	10.71M	9.77M	8.78M	6.10M	4.40M
Interest Paid on Deposits	198.12M	190.07M	180.78M	81.06M	48.58M
Total Non-Interest Expense	47.17M	46.42M	41.74M	35.85M	31.46M
Other Non-Interest Expense	—	—	543.00K	525.00K	435.00K
Provision for Loan Losses	10.25M	10.41M	2.51M	23.86M	59.76M
Salaries and Employee Benefits	30.05M	29.12M	26.45M	22.59M	20.44M
Occupancy Expenses	6.40M	7.53M	5.78M	6.45M	6.03M
Asset Writedown	-1.40M	-1.94M	-0.08M	-0.08M	0.17M
Profitability & Returns
EBT Excluding Unusual Items	53.28M	25.41M	19.96M	19.57M	15.96M
Pretax Income	51.88M	23.48M	19.88M	19.49M	16.14M
Profit Margin	+44.0%	+26.9%	+26.9%	+26.6%	+21.5%
Net Income	49.62M	22.40M	19.67M	19.29M	15.96M
Net Income to Common	44.16M	19.33M	16.59M	14.76M	10.20M
Net Income Growth	+121.5%	+13.9%	+2.0%	+20.8%	+183.4%
Income Tax Expense	2.26M	1.07M	0.21M	0.21M	0.17M
Effective Tax Rate	+4.4%	+4.6%	+1.1%	+1.1%	+1.1%
Per Share & Capital
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	+44.4%	+10.7%	+12.4%	+22.5%	+1,448.8%
Dividend Per Share	0.01	—	—	0.00	—
Shares Change (YoY)	0.58	0.05	—	0.18	0.01
Shares Outstanding (Basic)	3.85B	2.44B	2.31B	2.31B	1.96B
Shares Outstanding (Diluted)	3.85B	2.44B	2.31B	2.31B	1.96B
Free Cash Flow	-797.89M	70.13M	38.26M	-506.61M	22.89M
Free Cash Flow Margin	-794.3%	+97.6%	+62.0%	-914.1%	+48.3%
Free Cash Flow Per Share	-0.21	0.03	0.02	-0.22	0.01
Payout Ratio	+11.0%	+13.7%	+41.9%	+23.5%	+36.1%
Preferred Dividends & Other Adjustments	5.46M	3.08M	3.08M	4.53M	5.77M

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	100.45M	71.84M	61.70M	55.42M	47.43M
Interest Expense	198.12M	190.07M	180.78M	81.06M	48.58M
Pretax Income	51.88M	23.48M	19.88M	19.49M	16.14M
Income Tax	2.26M	1.07M	0.21M	0.21M	0.17M
Net Income	44.16M	19.33M	16.59M	14.76M	10.20M
Net Interest Income	59.80M	54.79M	44.03M	48.24M	46.83M
Non-Interest Income	50.90M	27.46M	20.18M	31.04M	60.35M
Non-Interest Expense	47.17M	46.42M	41.74M	35.85M	31.46M
Loan Loss Provisions	10.25M	10.41M	2.51M	23.86M	59.76M
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
DPS	0.01	—	—	0.00	—
Margins & Efficiency
Net Margin %	+44.0%	+26.9%	+26.9%	+26.6%	+21.5%
Revenue & Income
Revenue	100.45M	71.84M	61.70M	55.42M	47.43M
Revenue	100.45M	71.84M	61.70M	55.42M	47.43M
Revenue Growth (YoY)	+39.8%	+16.4%	+11.3%	+16.9%	+51.9%
Revenues Before Loan Losses	110.70M	82.24M	64.20M	79.28M	107.18M
Interest Income on Investments	257.92M	244.86M	224.81M	129.30M	95.41M
Total Interest Income	257.92M	244.86M	224.81M	129.30M	95.41M
Net Interest Income	59.80M	54.79M	44.03M	48.24M	46.83M
Net Interest Income Growth (YoY)	+9.1%	+24.4%	-8.7%	+3.0%	+0.8%
Non-Interest Income Growth (YoY)	+85.4%	+36.1%	-35.0%	-48.6%	+92.2%
Total Non-Interest Income	50.90M	27.46M	20.18M	31.04M	60.35M
Other Non-Interest Income	33.39M	25.39M	17.01M	13.84M	15.88M
Gain (Loss) on Sale of Assets	—	—	1.90M	0.58M	2.60M
Gain (Loss) on Sale of Equity Investments	13.80M	-7.97M	-0.20M	16.31M	27.01M
Gain (Loss) on Sale of Investments	3.71M	10.03M	1.47M	0.31M	14.85M
Expenses & Provisions
Selling, General & Administrative	10.71M	9.77M	8.78M	6.10M	4.40M
Interest Paid on Deposits	198.12M	190.07M	180.78M	81.06M	48.58M
Total Non-Interest Expense	47.17M	46.42M	41.74M	35.85M	31.46M
Other Non-Interest Expense	—	—	543.00K	525.00K	435.00K
Provision for Loan Losses	10.25M	10.41M	2.51M	23.86M	59.76M
Salaries and Employee Benefits	30.05M	29.12M	26.45M	22.59M	20.44M
Occupancy Expenses	6.40M	7.53M	5.78M	6.45M	6.03M
Asset Writedown	-1.40M	-1.94M	-0.08M	-0.08M	0.17M
Profitability & Returns
EBT Excluding Unusual Items	53.28M	25.41M	19.96M	19.57M	15.96M
Pretax Income	51.88M	23.48M	19.88M	19.49M	16.14M
Profit Margin	+44.0%	+26.9%	+26.9%	+26.6%	+21.5%
Net Income	49.62M	22.40M	19.67M	19.29M	15.96M
Net Income to Common	44.16M	19.33M	16.59M	14.76M	10.20M
Net Income Growth	+121.5%	+13.9%	+2.0%	+20.8%	+183.4%
Income Tax Expense	2.26M	1.07M	0.21M	0.21M	0.17M
Effective Tax Rate	+4.4%	+4.6%	+1.1%	+1.1%	+1.1%
Per Share & Capital
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	+44.4%	+10.7%	+12.4%	+22.5%	+1,448.8%
Dividend Per Share	0.01	—	—	0.00	—
Shares Change (YoY)	0.58	0.05	—	0.18	0.01
Shares Outstanding (Basic)	3.85B	2.44B	2.31B	2.31B	1.96B
Shares Outstanding (Diluted)	3.85B	2.44B	2.31B	2.31B	1.96B
Free Cash Flow	-797.89M	70.13M	38.26M	-506.61M	22.89M
Free Cash Flow Margin	-794.3%	+97.6%	+62.0%	-914.1%	+48.3%
Free Cash Flow Per Share	-0.21	0.03	0.02	-0.22	0.01
Payout Ratio	+11.0%	+13.7%	+41.9%	+23.5%	+36.1%
Preferred Dividends & Other Adjustments	5.46M	3.08M	3.08M	4.53M	5.77M