'GFH': $116.29 Million Net Profit in 9 Months, Up 14.83%

As part of its financial results for the first nine months of 2026, GFH Bank announced a 14.83% increase in net profit attributable to shareholders, reaching $116.29 million compared to $101.27 million in the same period last year, driven by growth in wealth management and credit income. Total bank income rose by 5.07% to $440.44 million.

The bank maintained stable liquidity with cash balances and treasury portfolios totaling $5.11 billion, and total assets of $12.23 billion, following the activation of 390 accounts after its transformation into an integrated banking and investment institution.

Commenting on the performance, GFH Bank Board Chairman Abdulmohsen Rashid Al-Rasheed stated that the positive results reflect the bank’s strong financial position, sound strategic direction, and resilient performance despite market challenges. He expressed pride in the progress achieved since the transition to an integrated bank, which aims to consolidate its position as a leading financial institution and support economic development in Bahrain and the region.

For his part, CEO and Board Member Hisham Al-Rais expressed his satisfaction with the results, which confirm the strength of the diversified business model and the contribution of key business segments. Wealth and Investment Management generated $54.29 million in the third quarter, while Credit generated $43.54 million. He expressed optimism about future opportunities to capture quality investments that deliver long-term value to shareholders.

GFH Bank S.A.K. (Bahrain Bourse ticker: GFH) announced its financial results for the third quarter and the first nine months of the year ended September 30, 2026, yesterday.

Board Chairman Abdulmohsen Rashid Al-Rasheed noted that the positive results achieved by the bank during the first nine months of 2026 reflect its strong financial position and sound strategic direction. Despite challenges and developments in regional and global markets, GFH continued to demonstrate its ability to maintain strong performance, supported by the diversification of its business activities, prudent management, and commitment to delivering sustainable value to shareholders.

CEO and Board Member Hisham Al-Rais expressed his satisfaction with the financial results achieved during the first nine months of 2026, during which net profit attributable to shareholders increased by 14.83% to reach $116.29 million. This performance reflects the strength of the diversified business model and the continuous efforts of the teams to achieve positive results despite challenges facing regional and global markets.

Net profit attributable to shareholders reached $40.09 million in the third quarter of 2026, compared to $34.03 million in the same quarter of 2025, an increase of 17.81%. This rise was supported by strong growth in Wealth and Investment Management income and Credit and Financing income, which increased by 82.10% and 8.89%, respectively.

Earnings per share reached 1.16 cents in the third quarter, compared to 0.94 cents in the corresponding quarter of 2025, an increase of 23.40%. Total comprehensive income attributable to shareholders amounted to $34.05 million, compared to $36.34 million in the third quarter of 2025, a decrease of 6.30%. Total income for the quarter was $130.63 million, compared to $137.47 million in the same period last year, a decrease of 4.98%. Adjusted net profit increased by 15.32% to $40.63 million, compared to $35.23 million in the third quarter of 2025. Total expenses, including tax expenses, decreased by 11.97% to $90.00 million, compared to $102.24 million.

The bank recorded a net profit attributable to shareholders of $116.29 million during the first nine months of 2026, compared to $101.27 million during the same period in 2025, representing a 14.83% increase. Earnings per share rose by 18.73% to reach 3.36 cents, compared to 2.83 cents during the corresponding period in 2025. Total comprehensive income attributable to shareholders amounted to $101.66 million, down from $115.25 million during the same period last year, a decrease of 11.80%.

Total income increased by 5.07% to reach $440.44 million, compared to $419.20 million during the first nine months of 2025. Consolidated net profit for the period stood at $117.20 million, compared to $104.95 million during the corresponding period in 2025, an increase of 11.67%. Total expenses, including tax expenses, reached $323.24 million, compared to $314.25 million during the same period last year, a rise of 2.86%.

Total equity attributable to shareholders amounted to $1.05 billion as of September 30, 2026, compared to $1.02 billion as of December 31, 2025, an increase of 2.52%. Total assets reached $12.23 billion, compared to $12.20 billion at the end of 2025, a growth of 0.25%.

The bank maintained a stable position in terms of liquidity and funding, with total cash balances and the treasury portfolio reaching $5.11 billion as of September 30, 2026. The net stable funding ratio stood at 144.1% as of September 30, 2026, while the average liquidity coverage ratio was 127% during the third quarter.

In parallel, GFH continued to develop its business as an integrated banking and investment institution following its transformation into GFH Bank. As part of this transformation, 390 accounts were activated. Net profit attributable to shareholders increased by 14.83% to reach $116.29 million.

Our key business segments continued to deliver strong contributions. Wealth and Investment Management generated income of $54.29 million during the third quarter, while Credit and Financing contributed $43.54 million, and Treasury and Private Investments activities generated income of $32.79 million.

GFH continued to achieve positive contributions across its key business segments during the third quarter and the first nine months of 2026, supported by growth in Wealth and Investment Management and Credit and Financing, alongside disciplined management of Treasury and Private Investments activities.

• Generated income of $54.29 million during the third quarter of 2026, compared to $29.81 million during the third quarter of 2025, an increase of 82.10%.

• Income rose by 47.54% during the first nine months to reach $176.07 million, compared to $119.34 million during the corresponding period in 2025.

• GFH’s $400 million acquisition of a 60% stake in Bayan Equipment Leasing was ranked among the top 5 deals in the region by PricewaterhouseCoopers (PwC).

• Generated income of $43.54 million during the third quarter of 2026, compared to $39.99 million during the third quarter of 2025, an increase of 8.89%.

• Income rose by 16.77% during the first nine months to reach $113.45 million, compared to $97.16 million during the corresponding period in 2025.

• Net financing contracts reached $2.75 billion as of September 30, 2026, compared to $2.53 billion as of December 31, 2025, an increase of 8.65%.

• The bank maintained discipline in its subscription arrangements and prudent risk management, while continuing to selectively pursue financing opportunities aligned with its risk and return objectives.

• It recorded income of $32.79 million during the third quarter of 2026, and $150.92 million during the first nine months of the year.

• The bank maintained its prudent approach to managing portfolio, liquidity, and capital positions amid developments in regional and global markets.

• The bank continued to enhance the management of its treasury and private investment activities, focusing on risk management, capital efficiency, and identifying investment opportunities within its diversified portfolio.

• Net profit attributable to shareholders rose by 14.83% to reach $116.29 million during the first nine months of 2026, supported by growth in wealth and investment management income, as well as credit and financing income.

• Net profit attributable to shareholders increased by 17.81% to reach $40.09 million during the third quarter of 2026, while total income for the first nine months rose by 5.07% to $440.44 million.

• Wealth and investment management income rose by 47.54% year-on-year to $176.07 million during the first nine months of 2026, including $54.29 million in the third quarter.

• The bank maintained a stable liquidity position, with total cash balances and the treasury portfolio reaching $5.11 billion. The net stable funding ratio stood at 144.1% as of September 30, 2026, while the average liquidity coverage ratio was 127% during the third quarter.

• Total assets amounted to $12.23 billion as of September 30, 2026, compared to $12.20 billion as of December 31, 2025.

• PricewaterhouseCoopers (PwC) ranked GFH’s $400 million acquisition of a 60% stake in Bayan Equipment Leasing among the top five deals in the region.

• The bank strengthened its strategic position in global investment markets, expanding customer access to investment opportunities through its digital banking and investment platform.

• Following the conclusion of the financial reporting period, GFH successfully exited its investment in Cyber Power Investments, generating cumulative net cash distributions to investors of approximately $173.5 million, alongside additional achievements in energy infrastructure, logistics, and aviation investments.