Dukhan Bank (DUBK) Q3 2025 earnings summary

Executive summary

• Net profit for the nine months reached QAR 1,191.6 million, up 4.4% year-over-year, reflecting strong operational performance and a 9.9% increase in net banking income.

• Total assets hit QAR 118.1 billion, with financing assets at QAR 85.7 billion and customer deposits at QAR 86.3 billion.

• Maintained a capital adequacy ratio of 18.9%, well above regulatory requirements.

• Recognized for digital transformation and Islamic private banking, winning multiple industry awards in 2025.

• Interim consolidated financial statements for the nine months ended 30 September 2025 were reviewed with no material misstatements identified.

Financial highlights

• Net profit attributable to equity holders for the nine months was QAR 1,191.6 million, a 4.4% increase year-over-year.

• Net banking income rose 9.9% year-over-year to QAR 2.13 billion.

• Customer deposits grew 4.9% year-over-year to QAR 86.3 billion.

• Cost-to-income ratio improved to 31.8%, reflecting operational efficiency.

• NPL ratio declined to 4.4%, with provision coverage at 74.5% and over 90% for stage III assets after collateral.

Outlook and guidance

• Board approved an interim dividend of 8% of nominal share value in July 2025, reflecting confidence in future prospects.

• Expecting mid-single-digit (3%-5%) balance sheet and loan growth for full year, driven by wholesale and private banking.

• Profitability growth to mirror balance sheet expansion, with stable NIMs around 2.1%.

• Medium-term ROE target set at 14%-15% over the next five years.

• The Group continues to monitor the impact of new tax regulations (BEPS Pillar Two) but expects no immediate effect on financials.