Burgan Bank K.P.S.C. (KWSE:BURG)

Burgan Bank K.P.S.C. 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	634.83	610.31	448.31	323.48	254.12	270.26
Interest Income on Investments	1.22	1.13	1.48	2	1.29	1.87
Total Interest Income	636.05	611.44	449.79	325.48	255.41	272.13
Interest Paid on Deposits	465.92	452.92	313.45	176.01	125.95	130.24
Net Interest Income	170.13	158.52	136.35	149.47	129.47	141.89
Net Interest Income Growth (YoY)	16.11%	16.26%	-8.78%	15.45%	-8.76%	-18.68%
Gain (Loss) on Sale of Investments	8.1	8.38	6.71	6.88	29.15	15.13
Gain (Loss) on Sale of Equity Investments	0.25	0.25	0.17	0.13	0.45	-0.01
Other Non-Interest Income	65.36	62.31	77.64	71.43	75.68	55.72
Total Non-Interest Income	73.7	70.93	84.52	78.44	105.28	70.83
Non-Interest Income Growth (YoY)	-20.98%	-16.07%	7.74%	-25.49%	48.63%	-15.93%
Revenues Before Loan Losses	243.83	229.45	220.86	227.91	234.74	212.72
Provision for Loan Losses	47.45	38.07	47.82	25.29	84.64	76.42
Revenue	196.38	191.37	173.04	202.62	150.11	136.31
Revenue Growth (YoY)	0.33%	10.59%	-14.60%	34.99%	10.12%	-34.97%
Salaries and Employee Benefits	83.85	73.56	59.69	53.29	46.29	47.28
Other Non-Interest Expense	49.12	49.35	45.73	74.35	48.52	49.95
Total Non-Interest Expense	132.98	122.92	105.42	127.63	94.81	97.23
EBT Excluding Unusual Items	63.41	68.46	67.62	74.99	55.3	39.08
Other Unusual Items	-	-	-	-	-	-0.69
Pretax Income	63.41	68.46	67.62	74.99	55.3	38.39
Income Tax Expense	16.12	17.84	22.53	16.44	6.71	4.3
Earnings From Continuing Operations	47.28	50.62	45.1	58.55	48.59	34.09
Minority Interest in Earnings	-1.28	-4.18	-1.55	-6.42	-3.2	-0.42
Net Income	46.01	46.44	43.55	52.13	45.39	33.66
Preferred Dividends & Other Adjustments	10.97	9.22	9.06	10.72	8.3	8.9
Net Income to Common	35.04	37.22	34.49	41.42	37.09	24.76
Net Income Growth	-1.45%	6.64%	-16.46%	14.85%	34.84%	-60.25%
Basic Shares Outstanding	3,800	3,800	3,800	3,800	3,430	3,392
Diluted Shares Outstanding	3,800	3,800	3,800	3,800	3,430	3,392
Shares Change (YoY)	-	-	-	10.80%	1.12%	1.47%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	0.01
EPS Growth	-9.54%	7.92%	-16.73%	0.79%	48.12%	-61.33%
Dividend Per Share	0.006	0.006	0.005	0.007	0.004	0.004
Dividend Growth	5.56%	5.56%	-22.86%	70.73%	5.13%	-58.51%
Effective Tax Rate	25.43%	26.06%	33.31%	21.92%	12.13%	11.21%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.