SICO Reports BD 2.9 million (USD 7.7 million) Net Profit Attributable to Shareholders for the First Half of 2025
For the quarter, SICO’s consolidated net profit attributable to shareholders grew 16% year-on-year,to record BD 1.5 million (USD 4 million) in the second quarter of 2025 compared to BD 1.3 million(USD 3.5 million) recorded in the same three-month period of last year. The improvement is mostlyrelated to the increase in net investment income during the quarter compared to the correspondingperiod last year, due to favourable global market conditions. Earnings per share (EPS) recorded 3.73Bahraini fils in the second quarter of the year versus 3.23 Bahraini fils in the comparable quarter of2024. SICO reported total comprehensive income of BD 1.7 million (USD 4.5 million) for the secondquarter of 2025, compared to a total comprehensive income of BD 1.2 million (USD 3.2 million)booked in the same quarter of last year, representing an increase of 39%.
Total operating income for the second quarter of 2025 increased by 17% to BD 5.7 million (USD 15.2million) as compared to BD 4.9 million (USD 13.0 million) achieved in the same period of theprevious year.
On a year-to-date basis, SICO recorded consolidated net profits attributable to shareholders for thefirst six months of 2025 amounting to BD 2.9 million (USD 7.7 million), representing an 8% declinefrom the BD 3.2 million (USD 8.4 million) recorded in the first half of 2024. This decrease wasprimarily driven by lower brokerage activities during the period, reflecting reduced investor appetitefor trading amid prevailing market uncertainty. EPS were 7.15 Bahraini fils for the first six months of2025 compared to 7.77 Bahraini fils for the same period of 2024. SICO reported total comprehensiveincome of BD 3.1 million (USD 8.1 million) for the first half of 2025, as compared to a totalsicobank.comPress ReleaseManama, Kingdom of Bahrain: 12 August 2025comprehensive income of BD 3.0 million (USD 8.0 million) booked in the first six months of 2024,reflecting a 2% increase.
Total equity attributed to shareholders stood at BD 73.8 million (USD 195.7 million) as of 30 June2025 a slight decrease by 0.3% compared to BD 74 million (USD 196.2 million) recorded at yearend2024, noting that a dividend of BD 3.2 million (USD 8.5 million) was paid to the equityshareholders for the year 2024, during the first quarter of 2025, while total assets increased 29% toBD 531.6 million (USD 1.4 billion) as 30 June 2025, up from BD 411.2 million (USD 1.1 billion) as ofyear-end 2024.
SICO’s net fee income recorded BD 5.5 million (USD 14.7 million), a 16% increase from BD 4.8million (USD 12.7 million) achieved in the first half of 2024. Furthermore, net investment incomestood at BD 2.1 million (USD 5.6 million) in the first six months of 2025, increasing 40% from BD 1.5million (USD 4.0 million) last year. Meanwhile, Brokerage and other income dropped 22% to BD 1.6million (USD 4.1 million) compared to BD 2 million (USD 5.3 million) in first half of 2024, due tomarket volatility resulting from tariff uncertainty in late April and heightened geopolitical tensions inJune 2025.
On a gross basis (including leverage) SICO’s assets under management (AUMs) rose 9% to BD 3.0billion (USD 8.0 billion) in the first half of the year compared to BD 2.8 billion (USD 7.4 billion) atyear-end 2024. The growth in AUMs was driven by expansion in client base together with additionalinflow from existing clients across asset classes.
Chairman of the Board of SICO, Abdulla Kamal, commented on SICO’s second quarterperformance, saying, “SICO’s performance in the second quarter of 2025 reflects the strength of ourdiversified platform and our ability to navigate evolving market conditions with discipline andforesight. Despite a more challenging macroeconomic and geopolitical backdrop, we have continuedto deliver value through a prudent investment approach focused on generating positive returns whilemanaging elevated risk levels. This reflects our firm commitment to our strategic objectives, whichaim to drive sustainable long-term growth for our clients and shareholders. Our consistentrecognition by global institutions is a testament to the trust we’ve built with our clients andstakeholders, and to the strategic clarity that guides our decisions.
Group Chief Executive Officer of SICO, Najla Al-Shirawi, added, “We are pleased with oursecond quarter performance, driven by robust investment returns and sustained momentum acrossour core business lines. Surpassing USD 8 billion in assets under management is a major milestone,reinforces our commitment to delivering long-term value to our clients. We also recorded stronggrowth across all revenue streams, including investment income, asset management fees, andinvestment banking revenues. Our balance sheet remains robust, and with a healthy liquidityposition, we remain well-positioned to capture future growth opportunities as markets continue toevolve.”
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