GFH REPORTS AN INCREASE OF 10.69% IN NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS FOR THE FIRST HALF OF 2025 TOTALING US$ 67.24 MILLION

GFH Financial Group B.S.C (“GFH” or “the Group”) (Bahrain Bourse: GFH) today announced its financial results for the second quarter (“the quarter”) and first six months of the year (“the period”) ended 30 June 2025.

Net profit attributable to shareholders was US$ 37.10 million for the second quarter of the year compared to US$ 33.61 million in the second quarter of 2024, an increase of 10.38%, driven by strong growth in commercial banking, treasury and proprietary investment income. Earnings per share for the second quarter were US cents 1.06 compared with US cents 0.93 in the second quarter of 2024, an increase of 13.98%. Total comprehensive income attributable to shareholders was US$ 51.7 million for the second quarter of 2025 versus US$ 31.41 million in the second quarter of 2024, an increase of 64.62%. Total income was US$ 186.12 million for the second quarter of the year compared with US$ 169.26 million in the second quarter of 2024, an increase of 9.96%. Consolidated net profit for the second quarter was US$ 39.02 million compared with US$ 37.55 million in the second quarter of 2024, an increase of 3.91%. Total expenses for the quarter were US$ 91.91 million compared with US$ 74.69 million in the prior-year period, an increase of 23.05%.

The Group reported net profit attributable to shareholders of US$ 67.24 million for the first six months of the year compared with US$ 60.75 million in the same period of 2024, an increase of 10.69%, reflecting sustained growth in core banking and improved contributions from treasury and proprietary investments. Earnings per share for the six-month period was US cents 1.93 compared to US cents 1.71 for the first half of 2024, an increase of 12.87%. Total comprehensive income attributable to shareholders was US$ 78.91 million for the first six months of the year compared with US$ 67.31 million in the same period in 2024, an increase of 17.23%. Total income for the period was US$ 357.07 million, an increase of 7.48% from US$ 332.23 million year-on-year. Consolidated net profit for the first six months of the year was US$ 69.72 million compared with US$ 67.90 million in the corresponding period of 2024, an increase of 2.68%. Total expenses for the six-month period were US$ 181.35 million compared with US$ 163.87 million in same period of 2024, an increase of 10.67%. Total equity attributable to shareholders was US$ 1,002.60 million at 30 June 2025 compared with US$ 980.94 million at 31 December 2024, an increase of 2.21%. Total assets of the Group were US$ 12.36 billion compared with US$ 11.03 billion at 31 December 2024, an increase of 12.06%.

Currently, GFH manages more than US$ 23.75 billion of assets and funds including a global portfolio of investments in logistics, healthcare, education and technology in the MENA region, Europe and North America.

The Group’s financial results in full can be found at www.bahrainbourse.com. Shares of GFH are traded under the ticker “GFH” on the Abu Dhabi Securities Exchange, Bahrain Bourse, Boursa Kuwait and Dubai Financial Market.
 
Mr. Abdulmohsen Rashed Al Rashed
Chairman, GFH Financial Group

“We are delighted to announce the Group’s financial results for the second quarter and first half of 2025, which reflect the strength of our diversified business model. Broad-based growth across commercial and investment banking, alongside improving contributions from treasury and proprietary activities, delivered higher profitability and resilient earnings, underpinned by prudent risk management, healthy liquidity and a robust capital position.

As we look ahead, we are scaling platforms in logistics and healthcare, deepening our footprint in the GCC and US, and consolidating strategic holdings such as Seef Properties. Continued investment in digital capabilities and governance will support disciplined growth, selective capital deployment and value-accretive exits, positioning GFH to deliver sustainable returns and remain a trusted partner for our shareholders and stakeholders.”

Mr. Hisham Alrayes
CEO and Board Member, GFH Financial Group

“We are honoured to announce results that demonstrate continued operational momentum across the Group. In H1 2025 we achieved higher financing income, stronger proprietary and dividend flows, and a marked improvement in treasury performance. We tightened cost discipline while investing in data, automation and a next-generation conversational assistant, which is accelerating onboarding on the GFH: Investment Banking App and broadening investor access across our platforms, supported by solid asset quality and liquidity.

Looking to the second half, we will deploy capital selectively into logistics and healthcare through our US and GCC funds, advance our partnership with Al Tijaria, and pursue disciplined realisations to recycle capital. We will further strengthen funding diversity, liquidity and risk hedging, while deepening our presence in the Kingdom of Saudi Arabia and the UAE. Our focus remains on compounding recurring income and delivering consistent, market-leading returns, with rigorous governance and stakeholder engagement.”

Business Unit Highlights
The Group continued to deliver sound performance and contributions from across its core business lines during the second quarter of 2025.

Investment Management:
• GFH increased the Group’s ownership in Seef Properties B.S.C., one of the leading real estate development and commercial centres management companies in the Kingdom of Bahrain to 27.98%. This strategic move aligns with the Group’s expanding investment portfolio. This aims to create additional value for our shareholders within the real estate portfolios operating in the same sector.
• GFH Capital (“GFHC”), a KSA-based Subsidiary of GFH signing strategic partnership with The Commercial Real Estate Company K.P.S.C. (“Al Tijaria”), a prominent Kuwait-based real estate company will act as a technical advisor for one of GFHC’s Logistics Funds and will gain exposure to the Group’s growing investments and exposures in the warehousing and logistics sector across Saudi Arabia and the wider Gulf region.
• GFH Capital also acquired assets as well as development opportunities in KSA and UAE with total value US$125 million. The assets in KSA include a fully leased warehouse facility in South Riyadh.
• GFH Partners, the DIFC based global asset management arm of GFH with US-based partners, acquired a healthcare asset portfolio valued at over US$195 million, majority leased to investment-grade tenants. The assets are located across Texas, Arizona, and Colorado.
• GFH Partners invested US$190m in a portfolio of logistics and industrial assets in Q2 2025. The assets include fiber optic manufacturing facility and include multiple transportation logistics facilities designed for diverse uses such as truck servicing, parking, and outdoor storage.

Commercial Banking:
• The Group’s commercial banking arm, Khaleeji Bank, delivered stronger performance over the first six months, with net profit attributable to shareholders increasing by 9.26% to US$ 14.93 million, underpinned by higher income from financing contracts and enhancing asset quality in addition to tangible progress in the digital transformation and implementing innovative digital programs and expanding the range of banking products.
• Total comprehensive income attributable to shareholders rose over the six-month period by 26.75%.
• The balance sheet expanded in H1 2025, with total assets up 9.03%, investments in sukuk up 9.88%, and financing contracts up 13.46%.

Treasury & Proprietary Investments:
• Contributions from the Group’s treasury and proprietary investment activities amounted to US$ 118.55 million in Q2 2025, taking H1 2025 contributions to US$ 181.17 million.
• Finance and treasury portfolio income totalled US$ 81.68 million in Q2 2025 (US$ 144.11 million in H1 2025)
• Income from proprietary investments amounted to US$ 59.75 million in H1 2025

ESG Highlights
The Group continued to effectively execute on its Environmental, Social and Governance (ESG) strategy undertaking key initiatives in the second quarter including:

• Strengthened Social Impact through Education Partnerships: GFH partnered with Dubai Cares to support the “Pack for Impact” initiative, assembling 2,000 school kits for underprivileged students in the UAE, reflecting the Group’s commitment to inclusive education and volunteer engagement.

• Recognition for ESG Leadership and Innovation: Ranked among the top 3 ESG performers on the LSEG Index and listed as one of Bahrain’s Top 50 Companies, GFH was also the first GCC investment bank to launch a conversational AI assistant within its investment app.

Note: This press release may contain forward-looking statements. These statements are based on current expectations, estimates and projections about the operating environment and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially. Factors include, among others, market conditions, rates, regulatory developments, execution risks and other matters described in the Group’s published financial statements. Forward-looking statements speak only as of the date of this release; the Group undertakes no obligation to update them except as required by applicable law.