SICO Reports BD 2.9 million (USD 7.7 million) Net Profit Attributable to Shareholders for the First Half of 2025
12/08/2025For 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 mostly
related to the increase in net investment income during the quarter compared to the corresponding
period last year, due to favourable global market conditions. Earnings per share (EPS) recorded 3.73
Bahraini fils in the second quarter of the year versus 3.23 Bahraini fils in the comparable quarter of
2024. SICO reported total comprehensive income of BD 1.7 million (USD 4.5 million) for the second
quarter 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 15.2
million) as compared to BD 4.9 million (USD 13.0 million) achieved in the same period of the
previous year.
On a year-to-date basis, SICO recorded consolidated net profits attributable to shareholders for the
first six months of 2025 amounting to BD 2.9 million (USD 7.7 million), representing an 8% decline
from the BD 3.2 million (USD 8.4 million) recorded in the first half of 2024. This decrease was
primarily driven by lower brokerage activities during the period, reflecting reduced investor appetite
for trading amid prevailing market uncertainty. EPS were 7.15 Bahraini fils for the first six months of
2025 compared to 7.77 Bahraini fils for the same period of 2024. SICO reported total comprehensive
income of BD 3.1 million (USD 8.1 million) for the first half of 2025, as compared to a total
sicobank.com
Press Release
Manama, Kingdom of Bahrain: 12 August 2025
comprehensive 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 June
2025 a slight decrease by 0.3% compared to BD 74 million (USD 196.2 million) recorded at yearend
2024, noting that a dividend of BD 3.2 million (USD 8.5 million) was paid to the equity
shareholders for the year 2024, during the first quarter of 2025, while total assets increased 29% to
BD 531.6 million (USD 1.4 billion) as 30 June 2025, up from BD 411.2 million (USD 1.1 billion) as of
year-end 2024.
SICO’s net fee income recorded BD 5.5 million (USD 14.7 million), a 16% increase from BD 4.8
million (USD 12.7 million) achieved in the first half of 2024. Furthermore, net investment income
stood at BD 2.1 million (USD 5.6 million) in the first six months of 2025, increasing 40% from BD 1.5
million (USD 4.0 million) last year. Meanwhile, Brokerage and other income dropped 22% to BD 1.6
million (USD 4.1 million) compared to BD 2 million (USD 5.3 million) in first half of 2024, due to
market volatility resulting from tariff uncertainty in late April and heightened geopolitical tensions in
June 2025.
On a gross basis (including leverage) SICO’s assets under management (AUMs) rose 9% to BD 3.0
billion (USD 8.0 billion) in the first half of the year compared to BD 2.8 billion (USD 7.4 billion) at
year-end 2024. The growth in AUMs was driven by expansion in client base together with additional
inflow from existing clients across asset classes.
Chairman of the Board of SICO, Abdulla Kamal, commented on SICO’s second quarter
performance, saying, “SICO’s performance in the second quarter of 2025 reflects the strength of our
diversified platform and our ability to navigate evolving market conditions with discipline and
foresight. Despite a more challenging macroeconomic and geopolitical backdrop, we have continued
to deliver value through a prudent investment approach focused on generating positive returns while
managing elevated risk levels. This reflects our firm commitment to our strategic objectives, which
aim to drive sustainable long-term growth for our clients and shareholders. Our consistent
recognition by global institutions is a testament to the trust we’ve built with our clients and
stakeholders, and to the strategic clarity that guides our decisions.
Group Chief Executive Officer of SICO, Najla Al-Shirawi, added, “We are pleased with our
second quarter performance, driven by robust investment returns and sustained momentum across
our 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 strong
growth across all revenue streams, including investment income, asset management fees, and
investment banking revenues. Our balance sheet remains robust, and with a healthy liquidity
position, we remain well-positioned to capture future growth opportunities as markets continue to
evolve.”
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