GFH H1 Shareholder Profit Rises 13.3% to $76.2 Million as Core Banking and Investment Income Grow
GFH Bank reported a 13.33% year-on-year increase in net profit attributable to shareholders for the first half of 2026, supported by stronger wealth and investment management activity as well as continued growth in credit and financing income.
Net profit attributable to shareholders reached $76.20 million in the six months ended June, up from $67.24 million in the same period of 2025. Earnings per share rose 14.51% to 2.21 US cents, compared with 1.93 cents a year earlier.
Total income increased 4.4% to $309.81 million, while consolidated net profit rose 9.83% to $76.57 million. Total expenses grew at a slower 2.73% pace to $233.24 million, helping support the improvement in profitability.
The results extend the positive momentum seen in the first quarter, when shareholder profit rose 16.5% to $35.11 million, despite regional uncertainty weighing on investment activity and transaction timing.
Wealth and Financing Drive Q2 Growth
GFH maintained that momentum into the second quarter, generating $41.09 million in shareholder profit, up 10.77% from $37.10 million a year earlier. Total income for the quarter increased 8.75% to $158.82 million.
The Q2 performance was driven largely by stronger contributions from Wealth and Investment Management, where income rose 32.52%, and Credit and Financing, which recorded growth of 22.99%.
That mix is increasingly important for GFH as the bank seeks to expand recurring and fee-generating income while reducing its dependence on more market-sensitive investment returns.
Assets Rise to $12.44 Billion
GFH’s total assets increased to $12.44 billion at the end of June, up 1.97% from $12.20 billion at the end of 2025. Shareholders’ equity stood at around $1.01 billion, compared with $1.02 billion at year-end.
The bank currently manages approximately $24 billion in assets and funds, spanning the Gulf, the United States and Europe, with exposure to sectors including industrial and logistics, healthcare, education, technology, infrastructure and real estate.
Geographic Diversification Helps Absorb Market Volatility
GFH CEO and Board Member Hisham Alrayes said the first-half performance was supported by the group’s diversified income base and geographic reach, which helped offset the impact of geopolitical uncertainty on investor sentiment and transaction activity.
He said the group will focus during the second half on expanding fee-generating assets, selectively growing its financing portfolio and improving capital deployment across treasury and investment activities.
Chairman Abdulmohsen Rashed Al Rashed said the results reflect GFH’s evolution into a more integrated banking and investment institution, with management continuing to balance growth opportunities against capital discipline and risk management.
The first-half numbers indicate that GFH’s growth is increasingly being driven by recurring banking and asset-management income rather than a single business line — a shift that could provide greater earnings resilience as regional and global market conditions remain uncertain.