(MENAFN- Albaraka Banking Group) Manama I November 23, 2025
Al Baraka Group B.S.C. (C) (the “Group”) has continued to deliver robust financial results during the third quarter and the first nine months of 2025, achieving notable growth in profitability indicators, operational efficiency, and business expansion. These results reflect the Group’s solid financial position and the success of its strategy focused on sustainability and balanced growth.
For the third quarter of 2025, the Group recorded a net income attributable to shareholders of the parent company of USD 45 million, compared to USD 45 million for the same period in 2024, maintaining a consistent level of performance. Basic earnings per share decline slightly to 2.23 US cents in Q3 2025 from 2.26 US cents in Q3 2024.
Total net income in Q3 2025 reached USD 82 million versus USD 84 million in Q3 2024, marking a decline of 3% mainly due to higher precautionary provisions.
The Group also reported a 12% decline in total comprehensive income attributable to shareholders, recording USD 42 million in Q3 2025 compared to USD 48 million in the same period of 2024, primarily impacted by movements in the foreign currency translation reserve.
During the first nine months of 2025, net income attributable to shareholders grew strongly by 16%, reaching USD 144 million compared to USD 124 million in the corresponding period of 2024. This reflects the Group’s continued business growth and customer base expansion, particularly in Turkey, Egypt, and Jordan, along with improved returns from financing and investments while maintaining high asset quality.
Basic earnings per share for the nine-month period of 2025 stood at 10.41 US cents, up from 8.78 US cents in the same period last year.
Total net income increased by 10% to USD 267 million for the first nine months of 2025 compared to USD 242 million for the same period of 2024, driven by the same positive factors mentioned above.
Total comprehensive income attributable to shareholders soared to USD 126 million by the end of the first nine months of 2025, representing a remarkable 427% increase from USD 24 million in the same period of 2024, primarily due to improved foreign currency translation reserves over the nine months.
As a result of continued business expansion across all our banking units, the Group’s total assets rose by 12%, reaching USD 29.24 billion as of end of September 2025, compared to USD 26.19 billion at the end of 2024. Total equity attributable to shareholders and sukuk holders increased by 8% to USD 1.35 billion as of end of September 2025, while total equity stood at USD 2.12 billion, up 6% from USD 2.00 billion at the end of last year.
Commenting on the results, Shaikh Abdullah Saleh Kamel, Chairman of the Board, stated:
“The results of the first nine months of 2025 reaffirm the Group’s ability to deliver strong and sustainable financial performance despite regional and global volatility. Our success in enhancing asset quality, diversifying income sources, and strengthening operational efficiency underscores the robustness of our business model and our deep commitment to the principles of responsible Islamic finance. We will continue to invest in innovation, technology, and human capital development to ensure sustainable growth and maintain our leading position in the global financial arena.”
Mr. Houssem Ben Haj Amor, Board Member and Group Chief Executive Officer, added:
“We are proud of the strong profit growth and expansion in businesses achieved during the first nine months of this year. These results reflect the deep expertise of our teams across all subsidiaries and the successful implementation of a balanced strategy that combines prudent risk management with intelligent growth. Our current focus is on advancing digital platforms and enhancing integration across our units to strengthen our trade finance capabilities. We remain committed to achieving the highest levels of operational efficiency and maximizing returns for our shareholders.”
He further emphasized: “Al Baraka Group will continue to play a pivotal role as a key enabler for businesses, exporters, and importers across its markets by providing advanced financial solutions and an integrated support network that meets clients’ aspirations for expansion and growth in new regional and global markets.”

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