Q1 2026 GFH Bank BSC Earnings Call Transcript
Key Points
- GFH Bank BSC (DFM:GFH) reported a 12% year-on-year increase in consolidated net profit for Q1 2026, reaching $34 million.
- The bank's total income for the quarter increased by 24% year-on-year to $151 million, indicating strong revenue generation across all core business segments.
- Earnings per share rose by 19% year-on-year to $0.0101, reinforcing the bank's profit trajectory.
- The bank maintained a strong liquidity position, with liquid assets comprising approximately 45% of total assets.
- GFH Bank BSC (DFM:GFH) demonstrated robust capital and liquidity positions, with a capital adequacy ratio of 14.2%, liquidity coverage ratio of 138%, and net stable funding ratio of 136%, all exceeding regulatory requirements.
- Total expenses increased by 28% year-on-year, which may impact profitability if not managed effectively.
- The bank's credit and financing business faced elevated provisions due to macroeconomic conditions, indicating potential risks in this segment.
- Market uncertainties and elevated volatilities, particularly in the GCC region, could pose challenges to future performance.
- Despite strong performance, the geopolitical and macroeconomic risks remain a concern for the bank's outlook for the remainder of 2026.
- The bank's share price performance was affected by heightened geographical developments, contributing to increased market uncertainties.
A very good afternoon and a warm welcome to GFH Bank quarter 1 performance results presentation. My name is Kapil Kothari acting CFO, and I will walk you through the key highlights of our financial performance for the first quarter of 2026.
We are pleased to report that GFH continued to deliver strong financial performance despite the impact of regional developments and heightened market uncertainties during the reporting period. Our robust strategy has provided us with the stability needed to continue our growth during this challenging time. The continued improvement in return on equity reinforces the strength of our diversified platform, disciplined execution and our ability to translate strategic priorities into measurable outcomes.
Let me begin with a summary of our key financial highlights. GFH delivered double-digit growth in consolidated net profit for the first quarter of 2026 by 12% year-on-year to $34 million. 16.5% growth in net attributable to shareholders standing at $35 million for the first three months of 2026 compared to $30
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