Al Ahli Bank of Kuwait K.S.C.P. (KWSE:ABK)

KWSE:ABK Income Statement

Financials in millions KWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	475.21	471.44	413.54	269.33	202.03	205.11
Interest Income on Investments	1.69	1.79	1.64	1.64	1.07	1.45
Total Interest Income	476.9	473.24	415.18	270.97	203.11	206.55
Interest Paid on Deposits	332.25	327.26	276.15	143.95	89.54	99.65
Net Interest Income	144.65	145.97	139.03	127.02	113.57	106.9
Net Interest Income Growth (YoY)	0.24%	4.99%	9.46%	11.84%	6.24%	-17.37%
Gain (Loss) on Sale of Investments	1.89	1.86	1.22	1.91	2.05	0.43
Gain (Loss) on Sale of Equity Investments	3.57	3.65	3.05	3.38	2.43	1.97
Other Non-Interest Income	49.17	49.28	41.72	39.26	35.82	32.17
Total Non-Interest Income	54.63	54.78	45.99	44.55	40.3	34.57
Non-Interest Income Growth (YoY)	9.90%	19.10%	3.23%	10.56%	16.57%	-19.86%
Revenues Before Loan Losses	199.28	200.75	185.02	171.57	153.86	141.46
Provision for Loan Losses	43.16	42.66	39.51	46.63	45.21	136.48
Revenue	156.12	158.09	145.51	124.94	108.65	4.98
Revenue Growth (YoY)	1.56%	8.64%	16.46%	14.99%	2081.37%	-95.06%
Salaries and Employee Benefits	51.27	50.78	48.41	45.83	38.86	35.61
Occupancy Expenses	5.52	5.52	5.84	7.11	6.74	6.94
Selling, General & Administrative	0.81	0.81	0.87	0.76	0.57	-
Other Non-Interest Expense	33.61	37.04	33.67	28.12	26.14	25.46
Total Non-Interest Expense	91.21	94.15	88.79	81.82	72.3	68.01
EBT Excluding Unusual Items	64.91	63.94	56.72	43.12	36.35	-63.03
Asset Writedown	-	-	-	-0.8	-0.54	-
Pretax Income	64.91	63.94	56.72	42.32	35.81	-63.03
Income Tax Expense	11.04	11.21	11.28	9.94	8.42	6.48
Earnings From Continuing Operations	53.87	52.74	45.45	32.38	27.4	-69.51
Minority Interest in Earnings	-0.29	-0.32	-0.26	-0.09	-0.18	-0.18
Net Income	53.58	52.41	45.19	32.29	27.21	-69.68
Preferred Dividends & Other Adjustments	-	-	6.73	6.72	6.6	6.72
Net Income to Common	53.58	52.41	38.46	25.57	20.62	-76.4
Net Income Growth	9.51%	16.00%	39.93%	18.67%	-	-
Basic Shares Outstanding	2,780	2,601	2,274	2,113	2,050	2,050
Diluted Shares Outstanding	2,780	2,601	2,274	2,113	2,050	2,050
Shares Change (YoY)	18.39%	14.38%	7.61%	3.10%	-	-0.02%
EPS (Basic)	0.02	0.02	0.02	0.01	0.01	-0.04
EPS (Diluted)	0.02	0.02	0.02	0.01	0.01	-0.04
EPS Growth	-0.64%	19.16%	39.77%	20.30%	-	-
Dividend Per Share	0.009	0.009	0.008	0.007	0.004	-
Dividend Growth	15.85%	15.85%	17.14%	70.73%	-	-
Effective Tax Rate	17.00%	17.52%	19.88%	23.49%	23.50%	-

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.