Dukhan Bank (DUBK) Q1 2026 earnings summary

Executive summary

• Maintained stable operations amid regional geopolitical uncertainty, supported by strong risk management and business continuity frameworks.

• Leading Sharia-compliant bank with a diversified business model, strong government linkage, and robust digital and physical presence, serving over 150,000 customers.

• Recognized for service excellence, digital transformation, and private banking, with multiple awards in 2024 and 2025.

• Listed on the Qatar Stock Exchange since 2023, included in major indices, with a stable, experienced management team.

• Interim consolidated financial statements for Q1 2026 reviewed with no material misstatements identified by the independent auditor.

Financial highlights

• Total assets reached QAR 126.5 billion as of March 2026, up from QAR 123.8 billion at end-2025 (+7.5% YoY).

• Net profit for Q1 2026 was QAR 429.5 million, a 1.7% decline year-over-year; net banking income QAR 687 million, down 0.5% YoY.

• Financing assets at QAR 91.0 billion (+5.1% YoY); customer deposits at QAR 90.9 billion (+10.8% YoY).

• Cost-to-income ratio at 32.2%, reflecting disciplined cost management.

• Earnings per share stood at QAR 0.075, compared to QAR 0.077 in Q1 2025.

Outlook and guidance

• Expecting low single-digit balance sheet and loan growth for 2026, led by wholesale and private banking.

• Focus on expanding wholesale banking, digital transformation, and sustainability initiatives aligned with Qatar National Vision 2030.

• Profitability growth anticipated to mirror asset growth, with NIM expected to remain stable barring unforeseen circumstances.

• Conservative provisioning approach to continue, with focus on building buffers in stage 1 and 2 loans.

• Management notes that Q1 results are not necessarily indicative of full-year performance and will continue to monitor geopolitical and economic developments.