GFH posts $116.29 million in shareholder profit over 9 months, up 14.83%

Key Facts

GFH Bank said net profit attributable to shareholders reached $116.29 million in the first nine months of 2026, up 14.83% from $101.27 million in the same period of 2025. The results were reported in a statement carried by Zawya on November 11, 2026. The bank attributed the profit growth to higher wealth management and investment income, alongside credit and financing income. Earnings per share rose to 3.36 U.S. cents from 2.83 cents in the comparable period, an increase of 18.73%. Total income for the period also rose 5.07% to $440.44 million, compared with $419.20 million a year earlier.

In the third quarter, net profit attributable to shareholders rose 17.81% to $40.09 million, from $34.03 million in the same quarter of 2025. However, total quarterly income fell 4.98% to $130.63 million, compared with $137.47 million a year earlier. The divergence between profit growth and lower income reflects differing movements in the quarter’s results items. Wealth management and investment income stood out among the revenue sources cited by the bank. This income reached $54.29 million in the third quarter, versus $29.81 million in the same period a year earlier, an increase of 82.10%.

Over the nine months, wealth management and investment income rose 47.54% to $176.07 million, including third-quarter income of $54.29 million. The bank said growth in this activity, together with credit and financing income, supported the increase in net profit attributable to shareholders. Credit and financing income came to $113.45 million for the period, up 16.77% from $97.16 million in the first nine months of 2025. In the third quarter, credit and financing contributed $43.54 million, while treasury and proprietary investment activities generated $32.79 million, according to Zawya’s report citing CEO Hisham Al Rayes. Al Rayes said "core business lines continued to contribute," referring to these two income sources in the quarter.

GFH’s total assets stood at about $12.23 billion on September 30, 2026, compared with $12.20 billion on December 31, 2025, an increase of 0.25%. Cash balances and the treasury portfolio also reached $5.11 billion on September 30. The net stable funding ratio was 144.1% on the same date, while the average liquidity coverage ratio reached 127% in the third quarter. Separately, comprehensive income attributable to shareholders fell 11.80% to $101.66 million over the nine months, from $115.25 million in the same period of 2025. This measure differs from net profit attributable to shareholders, which rose during the period.

After the reporting period, GFH announced it had completed its exit from Saber Power Investments. The bank said the transaction generated cumulative net cash distributions of about $173.5 million for investors. The statement reported these developments after results for the nine months ended September 30, 2026. The exit disclosure accompanied the period’s results and the balance-sheet and liquidity indicators reported by the bank. The information carried in the statement provided no further details on the timing of the distributions or the exit’s impact on reported profits.