GFH Reports Net Profit Attributable to Shareholders of US$35.11 Million In Q1 2026
GFH Bank reported a strong start to 2026, posting a net profit attributable to shareholders of US$35.11 million for the first quarter ended 31 March 2026, marking a 16.5 percent increase from US$30.14 million recorded during the same period last year.
The bank said the positive performance was achieved despite regional developments and heightened market uncertainty that impacted several of its core business activities, particularly investment transactions and income recognition timing. Earnings per share rose by 18.8 percent year-on-year to US cents 1.01, compared with US cents 0.85 in Q1 2025.
Total income for the quarter climbed 23.9 percent to US$150.99 million, up from US$121.87 million in the corresponding period last year. Consolidated net profit attributable to shareholders also increased by 11.9 percent to US$34.34 million. However, total comprehensive income declined sharply to a loss of US$8.58 million, compared with a gain of US$27.46 million in Q1 2025.
GFH’s total assets remained largely stable at US$12.17 billion at the end of March 2026, while shareholder equity stood at US$907.26 million, reflecting an 11.1 percent decline primarily due to dividend declarations for 2025. The bank currently manages approximately US$24 billion in assets and funds across the GCC, the United States, and Europe.
Chairman, GFH Bank
Commenting on the results, Chairman Abdulmohsen Rashed Al Rashed said the bank’s resilient performance underscored the strength of its diversified business model and disciplined execution amid challenging market conditions. He added that GFH’s transition to a full banking model reflects its continued evolution as an integrated financial institution.
CEO Hisham Alrayes said the bank’s strong quarterly performance demonstrated the resilience of its platform and its ability to sustain growth despite broader regional uncertainty. He noted that Wealth & Investment Management remained the largest contributor, generating US$82.51 million, followed by Credit & Financing at US$39.97 million and Treasury & Proprietary Income at US$28.51 million.
Among business highlights, GFH announced a strategic partnership to develop a ready-built factory complex in Riyadh spanning 55,000 square meters and comprising 25 factories, reinforcing its continued focus on industrial and logistics opportunities in Saudi Arabia.
The bank also highlighted its ESG initiatives, including employee training through its “Minds at Work” platform, support for Bahrain’s sports and cultural programs, and continued engagement in national heritage initiatives.
