SICO Reports BD 2.8 million (USD 7.5 million) Net Profit Attributable to Shareholders for the First Half of 2026

For the quarter, SICO’s consolidated net profit attributable to shareholders grew 48% year-on-year, to record BD 2.2 million (USD 6.0 million) in the second quarter of 2026 compared to BD 1.5 million (USD 4.0 million) recorded in the same three-month period of last year. This growth was primarily driven by higher net investment income, supported by a recovery in market valuations. Earnings per share (EPS) reached 5.51 Bahraini fils for the quarter, compared to 3.73 Bahraini fils in the corresponding period of 2025. Total comprehensive income attributable to shareholders rose 36% to BD 2.3 million (USD 6.1 million), up from BD 1.7 million (USD 4.5 million) reported in the second quarter of 2025.

Total operating income for the second quarter of 2026 increased 17% year-on-year to BD 6.7 million (USD 17.8 million), compared to BD 5.7 million (USD 15.2 million) achieved in the same period of the previous year.

For the first six months of 2026, SICO reported a consolidated net profit attributable to shareholders of BD 2.8 million (USD 7.5 million), a 3% decline from BD 2.9 million (USD 7.7 million) recorded in the first half of 2025. This variance was primarily driven by lower net fee income for the period. Earnings per share (EPS) for the first half of 2026 stood at 6.91 Bahraini fils, compared to 7.15 Bahraini fils in the corresponding period of 2025. Total comprehensive income attributable to shareholders amounted to BD 2.3 million (USD 6.1 million), down 25% from BD 3.1 million (USD 8.1 million) reported in the first half of 2025, primarily reflecting movements in the investments fair value reserve for the period.

Total equity attributable to shareholders stood at BD 75.2 million (USD 199.4 million) as at 30 June 2026, a 1% decrease from BD 76.1 million (USD 201.8 million) as at 31 December 2025, reflecting the BD 3.2 million (USD 8.5 million) dividend for 2025 paid to shareholders during the second quarter of the year. Total assets grew 1% over the same period, closing at BD 601.9 million (USD 1.6 billion) against BD 595.4 million (USD 1.6 billion) at 31 December 2025.

SICO’s net investment income for the first half of 2026 increased 19% to BD 2.5 million (USD 6.7 million) from BD 2.1 million (USD 5.6 million) recorded in the corresponding period of 2025. Net fee income for the six-month period stood at BD 5.0 million (USD 13.2 million), reflecting a 10% decline from BD 5.5 million (USD 14.7 million) reported in the first half of 2025. Brokerage and other income rose 5% during the period, reaching BD 1.63 million (USD 4.3 million) compared to BD 1.55 million (USD 4.1 million) in the same period last year.

On a gross basis (including leverage) SICO’s assets under management (AUMs) rose by 9% to BD 3.3 billion (USD 8.9 billion) in the first half of the year compared to BD 3.1 billion (USD 8.2 billion) at year-end 2025. The growth in AUMs was driven by an expanding client base, additional inflows from existing clients across asset classes, and the continued strong performance of SICO’s funds and portfolios under management.

Commenting on SICO’s performance for the second quarter of 2026, Mr. Abdulla Kamal, Chairman of the Board of SICO, said, “The Group’s performance during the quarter reflects the strength and diversity of our businesses and our ability to navigate market conditions with foresight and a disciplined approach. Revenues recovered strongly compared to the first quarter of the year, while we continued to provide our clients with compelling investment opportunities and maintained rigorous risk management amid volatile market conditions. SICO also maintains a highly liquid balance sheet, sound asset quality, and a strong capital base that provides the Group with strategic flexibility. The Board continues to support the Group’s strategy to drive growth and deliver sustainable value to shareholders.”

Group Chief Executive Officer of SICO, Ms. Najla Al-Shirawi, added, “The positive results and continued growth in our assets under management reflect our clients’ confidence in SICO and the strength of our investment capabilities in a challenging operating environment. Assets under management reached USD 8.9 billion by the end of the second quarter, supported by strong net inflows during the first half of the year, primarily into our fixed income and equities strategies. During the second quarter, SICO Capital launched the SICO GCC Dividends Fund in the Kingdom of Saudi Arabia, further strengthening its position in the Saudi market. Our investment banking business secured new mandates while continuing to progress a number of existing mandates that are expected to be completed this year. SICO also maintained its position as the number one broker on Bahrain Bourse by total traded value during the first half of the year, with a 53% market share.”

SICO received several prestigious awards during 2026, including Best Investment Bank in Bahrain at the Global Finance World’s Best Investment Banks Awards for the seventh consecutive year, as well as Best Investment Bank and Best Bank for Diversity and Inclusion in Bahrain at the Euromoney Awards for Excellence 2026. In addition, the SICO MENA Equity Fund, managed by SICO Capital, was named Equity Fund of the Year at the 2026 Global Banking & Markets (GBM) Middle East Awards. Forbes Middle East also recognized Ms. Najla Al-Shirawi, Group Chief Executive Officer of SICO, by naming her among the Top 50 Asset Managers in the Middle East for 2026.

SICO is listed on Bahrain Bourse (“BHB”) and its code is SICO-C. The press release and full set of financial statements will be available on SICO and BHB websites.

For the full release in English & Arabic, click here