consolidated statement of changes in equity

For the year ended 31 December 2025	Notes	Share capital (X ’000)	Statutory reserve (X ’000)	Other reserves (X ’000)	Retained earnings (X ’000)	Total equity attributable to the Bank’s shareholders (X ’000)	Equity sukuk (X ’000)	Total equity attributable to the Bank’s equity holders (X ’000)	Non-controlling interests (X ’000)	Total equity (X ’000)
Balance at 31 December 2024		40,000,000	38,373,547	(311,814)	21,417,282	99,479,015	23,553,815	123,032,830	106,401	123,139,231
Net income for the year		–	–	–	24,791,754	24,791,754	–	24,791,754	32,756	24,824,510
Net change in fair value of FVOCI Equity investments	19	–	–	761,546	–	761,546	–	761,546	–	761,546
Actuarial gain on re–measurement of employees’ end of service benefits liabilities “EOSB”	19	–	–	55,816	–	55,816	–	55,816	1,174	56,990
Share in OCI from associates	19	–	–	5,050	–	5,050	–	5,050	–	5,050
Net change in fair value of FVOCI Sukuk and Structured products investments	19	–	–	152,824	–	152,824	–	152,824	–	152,824
Net amounts transferred to the consolidated statement of income	19	–	–	(163,388)	–	(163,388)	–	(163,388)	–	(163,388)
Exchange difference on translation of foreign operations	19	–	–	130,894	–	130,894	–	130,894	(2,085)	128,809
Cash flow hedge effective portion of change in the fair value	19	–	–	(49,506)	–	(49,506)	–	(49,506)	–	(49,506)
Employee share plan reserve	19	–	–	–	–	–	–	–	–	–
Total other comprehensive loss recognized in equity		–	–	893,236	–	893,236	–	893,236	(911)	892,325
Total comprehensive income for the year		–	–	893,236	24,791,754	25,684,990	–	25,684,990	31,845	25,716,835
Equity Sukuk issued, net	20	–	–	–	–	–	4,354,064	4,354,064	–	4,354,064
Equity Sukuk costs		–	–	–	(1,376,946)	(1,376,946)	–	(1,376,946)	–	(1,376,946)
Transfer to statutory reserve	19	–	1,626,453	–	(1,626,453)	–	–	–	–	–
Interim dividend for the first half of 2025	32	–	–	–	(3,000,000)	(3,000,000)	–	(3,000,000)	–	(3,000,000)
Dividend for annual year 2024		–	–	–	(5,840,000)	(5,840,000)	–	(5,840,000)	–	(5,840,000)
Disposal of FVOCI equity instruments	32	–	–	–	(92,890)	(92,890)	–	(92,890)	–	(92,890)
Other consolidation adjustments		–	–	–	–	–	–	–	12,051	12,051
Balance at 31 December 2025		40,000,000	40,000,000	581,422	34,272,747	114,854,169	27,907,879	142,762,048	150,297	142,912,345

The accompanying Notes from 1 to 44 form an integral part of these consolidated financial statements.

For the year ended 31 December 2024	Notes	Share capital (X ’000)	Statutory reserve (X ’000)	Other reserves (X ’000)	Retained earnings (X ’000)	Total equity attributable to the Bank’s shareholders (X ’000)	Equity Sukuk (X ’000)	Total equity attributable to the Bank’s equity holders (X ’000)	Non-controlling interests (X ’000)	Total equity (X ’000)
Balance at 31 December 2023		40,000,000	33,442,996	(96,606)	16,913,041	90,259,431	16,500,000	106,759,431	–	106,759,431
Net income for the year		–	–	–	19,722,206	19,722,206	–	19,722,206	8,980	19,731,186
Net change in fair value of FVOCI Equity investments	19	–	–	(46,180)	–	(46,180)	–	(46,180)	–	(46,180)
Actuarial gain on re–measurement of employees’ “EOSB”	19	–	–	57,481	–	57,481	–	57,481	(1,060)	56,421
Share in OCI from associate	19	–	–	1,360	–	1,360	–	1,360	–	1,360
Net change in fair value of FVOCI Sukuk investments and Structured products investments	19	–	–	(278,101)	–	(278,101)	–	(278,101)	–	(278,101)
Net amounts transferred to the consolidated statement of income	19	–	–	30,323	–	30,323	–	30,323	–	30,323
Exchange difference on translation of foreign operations	19	–	–	54,554	–	54,554	–	54,554	1,430	55,984
Cash flow hedge effective portion of change in the fair value	19	–	–	2,465	–	2,465	–	2,465	–	2,465
Employee share plan reserve	19	–	–	(37,110)	–	(37,110)	–	(37,110)	–	(37,110)
Total other comprehensive income recognized in equity		–	–	(215,208)	–	(215,208)	–	(215,208)	370	(214,838)
Total comprehensive income for the year		–	–	(215,208)	19,722,206	19,506,998	–	19,506,998	9,350	19,516,348
Equity Sukuk issued	20	–	–	–	–	–	7,053,815	7,053,815	–	7,053,815
Equity Sukuk costs		–	–	–	(1,035,867)	(1,035,867)	–	(1,035,867)	–	(1,035,867)
Transfer to statutory reserve	19	–	4,930,551	–	(4,930,551)	–	–	–	–	–
Dividend for annual year 2023	32	–	–	–	(4,600,000)	(4,600,000)	–	(4,600,000)	–	(4,600,000)
Interim dividend for the first half of 2024		–	–	–	(5,000,000)	(5,000,000)	–	(5,000,000)	–	(5,000,000)
Other consolidation adjustments		–	–	–	348,453	348,453	–	348,453	97,051	445,504
Balance at 31 December 2024		40,000,000	38,373,547	(311,814)	21,417,282	99,479,015	23,553,815	123,032,830	106,401	123,139,231

The accompanying Notes from 1 to 44 form an integral part of these consolidated financial statements.