Abu Dhabi – Mubasher: Bank of Sharjah recorded net profits after tax valued at AED 268.32 million in the first half (H1) of 2025, an annual increase of 56.70% from AED 170.97 million.

Net interest income jumped by 54.90% year-on-year (YoY) to AED 319.49 million as of 30 June 2025 from AED 206.01 million, according to the financial results.

Basic and diluted earnings per share (EPS) grew to AED 0.09 in H1-25 from AED 0.05 a year earlier.

Financials for Q2-25

During the second quarter (Q2) of 2025, the ADX-listed lender registered net profits amounting to AED 152.15 million, compared to AED 90.64 million in Q2-24.

In April-June 2025, the net interest income climbed to AED 175.54 million from AED 117.48 million a year earlier, while the EPS went up to AED 0.05 from AED 0.03.

Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, commented: “These results are driven by steady balance sheet growth, a well-diversified business mix, improved operational capabilities, and a prudent approach to risk.”

“They reaffirm the Board’s confidence in the Bank’s strategic direction and its ability to deliver sustainable, long-term returns, while maintaining conservative risk management and corporate governance,” he added.

The chairman noted: “As we enter the H2 of 2025, we remain focused on disciplined execution and value creation. The broader UAE economy also continues to demonstrate resilience, supported by stable oil prices, robust real estate activity, and sustained growth in trade and tourism.”

As of 31 March 2025,  Bank of Sharjah recorded 45% YoY higher net profits after tax at AED 116 million, versus AED 80 million.