Kuwait Finance House (KFH) reported net profit attributable to shareholders of KD 363.1 million for the first half of 2026, up 6.1% from KD 342.1 million a year earlier, the Kuwaiti Islamic lender announced on 23 July. Earnings per share rose 4.9% to 18.86 fils.
With first-quarter net profit attributable to shareholders of KD 176.5 million, the half-year result implies second-quarter profit of about KD 186.6 million.
COSTS FALL AS INCOME RISES
Net financing income increased 6.9% to KD 649.4 million, and total operating income rose 9.9% to KD 990.5 million. Total operating expenses fell 2.1%, lifting net operating income by 16.2% to KD 687.9 million. The cost-to-income ratio improved to 30.6% from 34.3% a year earlier.
Financing receivables grew 11.5% year on year to KD 22.8 billion, and depositors' accounts rose 9.4% to KD 21.6 billion. Total assets reached KD 42.2 billion, up 9.7%, while shareholders' equity increased 4.2% to KD 5.8 billion. The capital adequacy ratio stood at 17.47%.
INTERIM DIVIDEND
The board recommended a semi-annual cash dividend of 10 fils per share. Chairman Hamad Abdulmohsen Al-Marzouq said KFH had continued to achieve the highest profits in the Kuwaiti banking sector and the largest share of total profits in the market.
Group Chief Executive Officer Yousef Khaled AlShamlan said: "KFH posted year-on-year growth across all core business sectors, underscoring the bank's high operational efficiency and its continued success in executing its strategic goals." He also noted that, according to S&P Global Market Intelligence, KFH's market capitalisation reached $44.69 billion at the end of the first quarter of 2026. KFH, which acquired Bahrain-based Ahli United Bank in 2022, has a network of more than 600 branches across 10 countries.