Dukhan Bank achieves another record annual profit of QAR 1.41 billion for the FY 2025, reflecting a 5% annual growth

Board of Directors proposed an additional cash dividend distribution to the shareholders of 8% of the nominal share value (QAR 0.08 per share), subject to QCB approval and shareholders’ approval at the AGM, taking the total cash dividend for the 
FY 2025 to 16% of the nominal share value (QAR 0.16 per share)

• Highest-ever profitability underpinned by a persistent year-on-year growth in net banking income by 6%
• Group’s total assets reached the highest levels at QAR 123.8 billion
• The Bank achieved an impressive growth of 21% in current and savings accounts, underscoring customers’ confidence and the strength of the Bank’s value chain
• Robust CAR of 18.4%, well above the minimum statutory limits

Dukhan Bank (“the Bank” or “the Group” when referred to along with its subsidiaries; QSE Ticker: DUBK) announced its financial results for the year-ended 31 December 2025, reporting another record annual net profit of QAR 1.41 billion, representing a 5% growth compared to the last year.

Key Performance Highlights
 

Message from the Managing Director of Dukhan Bank 
Commenting on the Bank’s achievements, H.E. Sheikh Mohammed Bin Hamad Bin Jassim Al-Thani as Executive Board Member - Managing Director, said:

“2025 marked a year of consistent and resilient progress for Dukhan Bank. Our performance reflects the underlying strength of our business model, the continued trust of our customers and shareholders, and our ability to navigate a dynamic operating environment while remaining firmly focused on long-term value creation.

Throughout the year, we accelerated investments in digital capabilities to further enhance the customer experience. Advancements across technology, payments, and card-related services enabled us to deliver more seamless, accessible, and convenient Sharia-compliant banking solutions, closely aligned with the evolving financial needs of our customers.

Alongside these initiatives, we remained firmly committed to strong governance, disciplined risk management, and financial resilience. These core principles underpin our growth strategy and ensure that our development remains responsible, sustainable, and fully aligned with our Islamic values.

Looking ahead, Dukhan Bank will continue to build on these solid foundations, with a clear focus on innovation, service excellence, and prudent growth. Our priority remains the creation of sustainable value for all stakeholders, while contributing meaningfully to Qatar’s wider economic and social development.”

Analysis of Group’s financial performance 

The Group delivered a strong financial performance during the financial year 2025, reflecting continued successful execution of its strategic initiatives and building on the strong momentum established previously. Group net profit increased by 5%, supported by a 6% 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 for 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 expanded its asset base to reach the highest levels at QAR 123.8 billion as of December 2025, an increase of 5% compared to 31 December 2024. The asset mix comprised of financing assets, which stood at QAR 90.0 billion, representing 73% of total assets. This was complemented by investment securities amounting to QAR 25.0 billion, accounting for 20% of the total asset base.

Financing assets
During the year, the Bank expanded its financing portfolio by 4%, which currently stands at QAR 90.0 billion. This 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.
 
Assets quality
Reflecting the Group’s strong credit risk discipline and proactive portfolio management, the non-performing loan (NPL) ratio improved to 4.2% as of December 2025, compared to 4.6% in December 2024. In parallel, the Stage 3 coverage ratio rose to 75.7% (December 2024: 73.1%), further underscoring the Group’s robust approach to credit provisioning and risk mitigation.
Funding and Liquidity

On the funding front, the Group continued to strengthen and diversify its funding base by leveraging its long-standing client relationships and maintaining a balanced maturity profile. Total deposits increased by 5% to QR 87.8 billion, while the Bank delivered a strong 21% growth in current and savings accounts balances, underscoring customers’ confidence and the strength of the Bank’s value chain. 

These developments supported a robust liquidity position, with the regulatory loan-to-deposit ratio improving to 98.1% (December 2024: 98.6%). Both the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) remained comfortably above regulatory thresholds throughout the year.

Capital 
Total equity reached QAR 15.4 billion, while the Group maintained a solid Capital Adequacy Ratio (CAR) of 18.4% (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. 

Enhanced digital services

During 2025, Dukhan Bank continued to advance its digital innovation agenda, strengthening lifestyle-led campaigns, card usage propositions, and seamless payment solutions to deepen customer engagement, all underpinned by Sharia-compliant design.
During the year, Dukhan Bank launched the first card-linked offers program of its kind in the CEMEA region, in collaboration with Visa, introducing personalized, merchant-linked offers designed to enhance everyday card usage. The program enables eligible cardholders to access exclusive offers through participating merchants across the region, reinforcing the Bank’s focus on digitally enabled, experience-driven engagement.

Building on its high-net-worth proposition, Dukhan Bank continued to promote its exclusive lifestyle benefits for Visa Infinite Credit Card holders, including valet parking for a nominal fee, premium health club privileges, Visa travel, dining, and lifestyle benefits, and DAwards as a welcome benefit, reinforcing its commitment to delivering differentiated, personalized banking experiences for elite customers.

The Bank also continued to strengthen its DAwards program, offering customers a broader range of redemption options across lifestyle, travel, retail, dining, and service categories. The program provides customers with greater flexibility in redeeming DAwards through an expanding network of participating merchants and platforms.
 

Dukhan Bank also expanded the adoption of Himyan Apple Pay, alongside ongoing enhancements aimed at making digital payments and fund transfers faster, more secure, and more intuitive, supporting the Bank’s broader digitization strategy.
These developments reflect Dukhan Bank’s sustained focus on integrating finance with best-in-class digital experiences, reinforcing its leadership in modern Islamic banking and customer-focused innovation.

Unwavering excellent performance and prestigious awards
Dukhan Bank’s continued commitment to innovation and service excellence was further recognized, building on earlier achievements with sustained regional and global recognition. During the year, the Bank was honored with the ‘Best Digital Transformation in the MENA Region’ at the 2025 MEED Banking Excellence Awards, acknowledging its progress across retail, digital, and SME banking. It also received the ‘Excellence in Global Islamic Private Banking for the Year 2025’ from the World Union of Arab Bankers, highlighting its leadership in Sharia-compliant wealth management and innovative client solutions.

Further strengthening its global standing, Dukhan Bank was named the ‘World’s Best Islamic Private Bank’ by the Global Finance Awards 2025 for the second consecutive year, reaffirming its position as a leading Islamic financial institution on the international stage.

During the year, Dukhan Bank also received a sustainability award from the Ministry of Environment and Climate Change, recognizing the Bank’s commitment to responsible banking practices and its alignment with national environmental and sustainability objectives.

Complementing these achievements, Fitch and Moody’s ratings reaffirmed Dukhan Bank’s long-term rating at ‘A’ and ‘A2’, respectively, with a ‘stable’ outlook, reflecting the Bank’s strong capitalization, resilient asset quality, and disciplined risk management framework.

Collectively, these milestones underscore Dukhan Bank’s consistent delivery of sustainable long-term value, its leadership in Islamic digital banking, and its alignment with Qatar’s national development objectives through innovation, stability, and ethical finance.

Shareholder value creation
After reviewing current year’s financial performance, with an assessment of the present and anticipated liquidity position, and considering the prevailing and future macroeconomic conditions along with the business outlook, the Board of Directors has proposed an additional cash dividend distribution of 8% of the nominal share value (equivalent to QAR 0.08 per share), subject to the approval of Qatar Central Bank and shareholders at the Annual General Assembly meeting. 

The proposed dividend combined with the interim dividend takes the total dividend distribution for the financial year 2025 to 16% of nominal share value (equivalent to QR 0.16 per share).