Dubai – Mubasher: Mashreq Bank logged net profits after tax worth AED 3.47 billion in the first half (H1) of 2025, down 14% from AED 4.05 billion in H1-24.

Total operating income went up by 1% year-on-year (YoY) to AED 6.18 billion as of 30 June 2025 from AED 6.12 billion, according to the financial results.

Earnings per share (EPS) hit AED 16.41 in H1-25, lower by 17% than AED 19.72 in H1-24.

Financials for Q2-25

During the second quarter (Q2) of 2025, the net profits plummeted by 16% to AED 1.68 billion from AED 2.01 billion in April-June 2024, while the EPS shrank by 21% to AED 7.89 from AED 9.95.

The operating income hit AED 3.06 billion in Q2-25, up 3% YoY from AED 2.98 billion.

Quarterly, the Q2-25 net profits declined by 6% from AED 1.79 billion in January-March 2025, while the operating income dropped by 2% from AED 3.12 billion.

Abdul Aziz Al Ghurair, Chairman of Mashreq, said: “While global macroeconomic uncertainty continues to pose challenges, the GCC stands out as a beacon of resilience, supported by strong policy frameworks, fiscal prudence, and a rapidly diversifying non-oil economy.”

“This strength is clearly mirrored in the performance of the UAE banking sector, which saw total investments exceed AED 760 billion by March of this year,” Al Ghurair highlighted.

Ahmed Abdelaal, Group CEO of Mashreq, commented: “Our strategic expansion into high-growth markets such as Pakistan, Türkiye and Oman, along with our entry into GIFT City in India, marks a pivotal step in building Mashreq’s global relevance and connectivity.”

He added: “These initiatives are aligned with our ambition to support cross-border capital flows and to serve our clients across key economic corridors with tailored, high-impact financial solutions.”