SICO Reports BD 5.1 million (USD 13.5 million) Net Profit Attributable to Shareholders for the Nine Months of 2025
For the quarter, SICO’s consolidated net profit attributable to shareholders grew 6% year-on-year,to record BD 2.2 million (USD 5.7 million) in the third quarter of 2025 compared to BD 2.0 million(USD 5.4 million) recorded in the same three-month period of last year. This increase is primarilydue to the effective management of our investment book which enabled the bank to benefit from theimproved performance of global markets. Earnings per share (EPS) recorded 5.30 Bahraini fils inthe third quarter of the year versus 4.99 Bahraini fils in the comparable quarter of 2024. SICOreported total comprehensive income attributable to shareholders of BD 2.3 million (USD 6.2 million)for the third quarter of 2025, compared to a total comprehensive income of BD 2.5 million (USD 6.7million) reported in the same quarter of last year, representing a decline of 9%.
Total equity attributed to shareholders increased by 3% to BD 76.1 million (USD 201.8 million) as of30 September 2025 compared to BD 74.0 million (USD 196.2 million) recorded at year-end 2024.
Total assets increased by 38% to BD 568.4 million (USD 1.5 billion) as of 30 September 2025compared to BD 411.2 million (USD 1.1 billion) recorded at year-end 2024.SICO’s net investment income stood at BD 3.5 million (USD 9.3 million) in the nine months of 2025,increasing by 34% compared to BD 2.6 million (USD 6.9 million) for the same period last year. Netfee income recorded BD 8.5 million (USD 22.6 million) in the first nine months of the year, a 7%increase from BD 8.0 million (USD 21.1 million) achieved in the nine months of 2024. Meanwhile,brokerage and other income came in at BD 2.4 million (USD 6.3 million) for the nine months of 2025,a 23% decline from the BD 3.1 million (USD 8.2 million) recorded in the first nine months of 2024,due to lower overall regional market activity and reduced foreign exchange transactions.
On a gross basis (including leverage) SICO’s assets under management (AUMs) rose 10% to BD3.0 billion (USD 8.1 billion) in the first nine months of the year, compared to BD 2.8 billion (USD 7.4billion) at year-end 2024. The growth in AUMs was driven by expansion in client base and the launchof new funds and products along with additional inflow from existing clients across asset classes.
Chairman of the Board of SICO, Mr. Abdulla Kamal, commented on SICO’s third quarterperformance, saying, “SICO’s strong performance in the third quarter reflects the effectiveness ofour strategy in capturing growth opportunities and expanding our client base across the region. Ourongoing investments in digital transformation and in strengthening the capabilities of our subsidiariesin Saudi Arabia and the UAE are also supporting the execution of our future plans aimed at creatingsustainable value for our clients and shareholders.”
Group Chief Executive Officer of SICO, Ms. Najla Al-Shirawi, said, “Our nine-month resultsclearly reflect the successful execution of our strategy to expand non-cyclical revenue streams whilestrengthening our regional presence through our subsidiaries — SICO Capital in Saudi Arabia andSICO Invest in the UAE — as well as through our strategic partnerships. During the quarter, wecontinued to broaden our offering with innovative Shariah-compliant solutions in Bahrain and thewider MENA region, driving growth in assets under management. We also concluded a number ofinvestment banking mandates which supported strong growth in fee-based income. Additionally, ourdecisive focus on investment and treasury activities, coupled with the efficient deployment of ourliquidity through favorable interest rate environments and proactive asset allocation contributedsignificantly to the 34% rise in net investment income.”
SICO was honored with multiple accolades in 2025, including Best Investment Bank in Bahrain atthe Global Finance World’s Best Investment Banks Awards for the sixth consecutive year, and BestMENA Fixed Income Strategy (1 Year) for 2024 by the Global Banking & Markets Middle EastAwards. At the Euromoney Awards 2025, SICO was also named Best Investment Bank and Best Bank Diversity and Inclusion in Bahrain. Most recently, SICO was also named “Best DiscretionaryPortfolio Management (DPM) in MENA” at the 2025 MENA Wealth and Private Banking Awards fromMEED. The firm remains the Kingdom’s leading broker, holding an 59% market share as ofSeptember 2025, and has been the most active market maker for 26 consecutive years.
SICO is listed on Bahrain Bourse (“BHB”) and its code is SICO-C. The press release and full set offinancial statements will be available on SICO and BHB websites.
For the full release in English & Arabic, click here
