MANAMA: GFH Bank (GFH) reported net profit attributable to shareholders of US$ 76.20 million for the first six months of the year compared with US$ 67.24 million in the same period of 2025, an increase of 13.33%. The Bank on Thursday announced its financial results for the second quarter and first six months of the year ended 30 June 2026.
Earnings per share for the six-month period was US cents 2.21 compared to US cents 1.93 for the first half of 2025, an increase of 14.51%. Total comprehensive income attributable to shareholders was US$ 67.61 million for the first six months of the year compared with US$ 78.91 million in the same period in 2025, a decrease of 14.32%. Total income for the period was US$ 309.81 million, an increase of 4.40% from US$ 296.75 million year-on-year. Consolidated net profit for the first six months of the year was US$ 76.57 million compared with US$ 69.72 million in the corresponding period of 2025, an increase of 9.83%. Total expenses for the six-month period were US$ 233.24 million compared with US$ 227.04 million in the same period of 2025, an increase of 2.73%. Total equity attributable to shareholders was US$ 1.01 billion on 30 June 2026 compared with US$ 1.02 billion on 31 December 2025, a drop of 1.31%. Total assets of the Bank were US$ 12.44 billion compared with US$ 12.20 billion on 31 December 2025, an increase of 1.97%.
Net profit attributable to shareholders was US$ 41.09 million for the second quarter of the year compared to US$ 37.10 million in the second quarter of 2025, an increase of 10.77% driven by strong growth in Wealth and Investment Management income and Credit and Financing income, which rose by 32.52% and 22.99%, respectively.
Earnings per share for the second quarter were US cents 1.19 compared with US cents 1.06 in the second quarter of 2025, an increase of 12.26%. Total comprehensive income attributable to shareholders was US$ 70.52 million for the second quarter of 2026 versus US$ 51.71 million in the second quarter of 2025, an increase of 36.38%. Total income was US$ 158.82 million for the second quarter of the year compared with US$ 146.04 million in the second quarter of 2025, an increase of 8.75%. Consolidated net profit for the second quarter was US$ 42.23 million compared with US$ 39.02 million in the second quarter of 2025, an increase of 8.22%. Total expenses for the quarter were US$ 116.59 million compared with US$ 107.02 million in the prior-year period, an increase of 8.95%.
GFH currently manages assets and funds valued at approximately US$ 24 billion, including a global investment portfolio spanning the GCC, the United States of America and Europe, across sectors including industrial and logistics, healthcare, education, technology, infrastructure and real estate.
“The results achieved during the first half of 2026 demonstrate the resilience of GFH’s diversified business model and the progress being made in strengthening its position as an integrated banking and investment institution,” Abdulmohsen Rashed Al Rashed, Chairman, GFH, said.
“The Bank has continued to balance growth across its core business lines with disciplined capital allocation, prudent risk management and the development of strategic partnerships across key regional and international markets.
“Looking ahead, the Board remains focused on supporting sustainable growth and long-term value creation for shareholders. While remaining mindful of evolving regional and global market conditions, we will continue to pursue selective opportunities, strengthen recurring income streams and invest in the capabilities required to enhance GFH’s competitiveness and reinforce its financial position.”
“GFH delivered net profit attributable to shareholders of US$76.20 million during H1 2026, while total income reached US$309.81 million. Performance was supported by strong contributions from Wealth and Investment Management and Credit and Financing income, alongside disciplined management of the Bank’s Treasury and Proprietary activities,” Hisham Alrayes, CEO and Board Member, GFH, said.
“The regional geopolitical environment and resulting market uncertainty have affected the financial and investment sector more broadly, influencing investor sentiment, market activity and the timing of transaction execution. Against this backdrop, GFH’s diversified income streams, geographic reach and prudent approach to capital, liquidity and risk management supported the Bank’s resilience during the period.
“Looking ahead to the second half of the year, we will remain focused on growing fee-generating assets, selectively expanding the financing portfolio and optimising capital deployment across our treasury and investment activities. We will continue to monitor market conditions closely while pursuing opportunities capable of generating recurring income and sustainable risk-adjusted returns.”
