The Board of Directors has decided to distribute an interim dividend of 8% of the nominal share value (equivalent to QAR 0.08 per share)

• Strong bottom-line profitability underpinned by a persistent year-on-year growth in the net banking income by 6.2%
• The Group maintained its highest-ever level of total assets at QAR 118.3 billion

Lusail, Qatar – 8 July 2025: Dukhan Bank (“the Bank” or “the Group” when referred to along with its subsidiaries; QSE Ticker: DUBK) announced its financial results for the six-month period ended 30 June 2025, and reported a net profit of QAR 811.3 million, representing a 3.5% growth compared to the same period of last year.

Key Performance Highlights

Analysis of Group's financial performance

The Group delivered a strong financial performance during the first six months of 2025, reflecting continued successful execution of its strategic initiatives and building on the strong momentum established previously. Group net profit increased by 3.5%, supported by a 6.2% rise in net banking income.

This growth in net banking income was driven by the Group's ongoing focus on revenue diversification and the strengthening of non-profit income streams. Additionally, despite challenging external conditions, prudent management of funding costs provided further support to the Group's net banking income.

Operational efficiency also remained a key strategic focus, with continued optimization efforts enhancing overall profitability. These results highlight the Group's resilience and its ability to sustain growth in an evolving operating environment.

Analysis of Group's financial position  

The Group sustained its highest-ever total asset base, reaching QAR 118.3 billion as of June 2025, an increase of 3.5% compared to 30 June 2024. The asset mix remains predominantly comprised of financing assets, which stood at QAR 85.8 billion, representing 72.6% of total assets. This was complemented by investment securities amounting to QAR 23.2 billion, accounting for 19.6% of the total asset base.

During the period, the Bank maintained a steady expansion of its financing portfolio, which reached QAR 85.8 billion, up by 3.8% compared to the same period last year. This growth aligns with the Bank's strategic objective of steadily increasing its market presence while ensuring disciplined and efficient capital allocation. The Bank continues to prioritize building a well-diversified portfolio, placing a clear emphasis on asset quality over volume to ensure prudent risk management.

Reflecting the Group's strong credit risk discipline and proactive portfolio management, the non-performing loan (NPL) ratio improved to 4.5% as of June 2025, compared to 5.2% in June 2024 and 4.6% in December 2024. In parallel, the Stage 3 coverage ratio rose to 74.3% (June 2024: 65.6%; December 2024: 73.1%), further underscoring the Group's robust approach to credit provisioning and risk mitigation.

On the funding side, the Group continued to strengthen and diversify its funding base by leveraging its long-standing client relationships and maintaining a balanced maturity profile. These efforts supported a healthy liquidity position, reflected in a regulatory loan-to-deposit ratio of 100%. Both the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) remained comfortably above regulatory thresholds throughout the period.

Total equity reached QAR 15.2 billion, while the Group maintained a solid Capital Adequacy Ratio (CAR) of 18.3% (June 2024: 17.8%; December 2024: 17.3%), significantly above the minimum requirements set by the Qatar Central Bank and in line with Basel III standards, providing a strong foundation for sustainable growth.

Interim dividends

In a sustained precedence set in the last year, the Board of Directors has decided to distribute interim dividends of 8% of the nominal share value, equivalent to QR 0.08 per share. The interim dividend is subject to regulatory approvals. This dividend will be payable to the shareholders as at the close of trading on 17 July 2025. The dividend will be payable on a future date to be announced later. This decision reflects the Board's strong confidence in the Bank's prospects and its commitment to providing value to shareholders.

Enhanced digital services

In the second quarter of 2025, Dukhan Bank accelerated its digital innovation journey with the launch of several key enhancements that reflect its customer-first strategy and leadership in Sharia-compliant digital banking. Among the most notable developments was Dukhan Bank becoming the first in the Central, Eastern Europe, Middle East and Africa region to introduce the CEMEA Card-Linked Cash Bonus Programme, in collaboration with Visa. This pioneering initiative leverages spending analytics to provide app users with tailored cash bonus offers from a curated set of local and international merchants, reinforcing the Bank's focus on personalized, reward-driven digital engagement.

To further deepen customer relationships, the Bank refreshed its Refer & Earn programme, enabling existing clients to earn up to 100,000 DAwards for successful referrals, while new customers benefit from a 5% bonus on their first salary deposit. This incentive-based approach supports account acquisition through a fully digital journey on the Dukhan Mobile app.

In parallel, the Bank introduced Request-to-Pay functionality through its integration with the Fawran instant payment system. This enhancement empowers customers to send and respond to payment requests in real-time, a first for the Bank, and a major step toward frictionless peer-to-peer transactions in Qatar.

These Q2 launches reflect Dukhan Bank's strategic commitment to continuously enriching the digital experience and responding dynamically to evolving customer needs—all while ensuring full alignment with Islamic banking principles.

Unwavering excellent performance and prestigious awards

Dukhan Bank's continued pursuit of innovation and service excellence has garnered widespread recognition in Q2 2025 from leading regional and global financial institutions. At the MEED Banking Excellence Awards 2025, the Bank was awarded “Best Digital Transformation Initiative in MENA”, spotlighting its advanced mobile banking app, hyper-personalization features, and pioneering role in issuing instant Digital prepaid cards.

The Bank also secured the prestigious “World's Best Islamic Private Bank” title at the 2025 Global Finance Awards, reinforcing its leadership in Sharia-compliant private banking and wealth management. At the same time, Dukhan Bank was named “Qatar's Best Bank for Consumers” by Euromoney in its 2025 Awards for Excellence, in recognition of its customer-first strategy and digital innovation across retail channels.

Adding to its list of achievements, Dukhan Bank was ranked #62 on Forbes Middle East's Top 100 Listed Companies for 2025, a testament to its solid performance as one of the region's youngest publicly listed financial institutions. The ranking reflects the Bank's steady growth across key financial metrics and its continued progress in areas such as digital transformation, ESG engagement, and ethical banking.

These accolades reflect the Bank's strategic vision of blending Islamic values with cutting-edge technology to deliver personalized, secure, and future-ready financial solutions. Complementing these achievements, Fitch Ratings reaffirmed Dukhan Bank's Long-Term Issuer Default Rating (IDR) at ‘A' with a Stable Outlook in June 2025, citing its solid capital position, robust asset quality, and disciplined risk management.

Together, these milestones underscore Dukhan Bank's consistent delivery of long-term value and its commitment to building a resilient, customer-centric, and digitally empowered Islamic bank.