Manama: Bahrain National Holding Company (Trading Code: BNH) announces its financial results for the first quarter ended 31st March 2025.
During the first quarter ended 31st March 2025, the Group achieved a net profit attributable to the shareholders of BD 0.32 million, compared to BD 1.59 million for the first quarter of the previous year, a decrease of 80%. Earnings per share for the first quarter ended 31st March 2025 were 3 fils compared to 13 fils for the first quarter of the previous year. The Group reported a total comprehensive loss attributable to the shareholders of BD 0.69 million for the first quarter ended 31st March 2025, compared to a total comprehensive income of BD 3.58 million for the first quarter of last year.
The Group’s insurance subsidiaries observed a decline of 115% in their combined insurance service results, with this being the main contributor to the decrease in the net profitability for the first quarter compared to the similar quarter of the previous year, which was primarily due to lower insurance revenue. This decline was partially offset by the Group’s investment returns of BD 0.89 million for the first quarter ended 31st March 2025, compared to BD 1.27 million for the first quarter of the previous year, representing a decrease of 31%.
The total shareholders’ equity as at the end of first quarter of 2025 decreased to BD 67.28 million compared to BD 72.12 million as at the end of 2024, representing a minor decrease of 7% due to BNH shareholder dividends payouts. The total assets increased by 8% to BD 120.00 million compared to BD 111.92 million at the end of 2024.
Mr. Abdulhussain Khalil Dawani, Chairman of Bahrain National Holding, commented: “The first quarter of 2025 marks a new chapter for Bahrain National Holding as we continue to reshape our strategic direction following the divestment of our insurance business. This transition reinforces our commitment to unlocking long-term value for our shareholders and exploring new avenues of growth. We are confident that our strong financial foundation and forward-looking vision will guide us toward sustainable success in this next phase.”
Mr. Raed Abdulla Fakhri, Group Chief Executive Officer of BNH, stated: “BNH’s transformation journey continues to gain strong momentum, underscored by the completion of the sale of our insurance subsidiaries. I remain confident and optimistic about the company’s outlook in the coming quarters. Our strategic focus now turns to diversification and the deployment of capital into investments that are aligned with our long-term objectives of generating sustainable value for our stakeholders.”
