Latest news with #financial performance
Zawya
20 hours ago
- Business
- Zawya
QNB Egypt results support group's strong financial position
QNB Egypt achieved a consolidated net profit growth of EGP15.1bn, a year-on-year increase of 10% and the bank's standalone net profit was EGP14.8bn in the first half (H1) of 2025; demonstrating the QNB Group's strong financial position and the success of its strategy, supporting the sustainable growth its business in the region. QNB Egypt achieved a strong financial performance during H1, reflecting its ability to build on the ongoing success achieved through its international branches and subsidiaries present in more than 28 countries and three continents around the world. "Our continued success is built on solid foundations supported by the strategic diversification of our services across different geographies. This enhances our ability to adapt and grab promising opportunities, in line with QNB Group's strategic goal to grow its market share in international markets," said Heba al-Tamimi, senior executive vice-president, QNB Group Communications. She said its business model has demonstrated strength and resilience against challenges, enhancing the group's financial stability and consistent performance, with a focus on achieving sustainable growth and delivering a long term value to its customers and shareholders. Mohamed Bendier, QNB Egypt chief executive officer, said the financial performance indicators demonstrate a significant leap in growth rates across all business sectors, enabling QNB Egypt to maintain a strong financial position and outstanding performance. "These results are a direct reflection of the strong performance of QNB Group, confirming our leadership in the Egyptian banking sector and contributing to achieving a larger market share," he said. The total loans and advances portfolio increased by EGP42bn, reaching EGP407bn, marking an 11% growth compared to December 2024. Customer deposits reached EGP700bn as at the end of June 2025, an increase of EGP20bn and a 3% growth compared to December 2024, driven by growth across all business lines. Total consolidated assets increased to EGP844bn as at the end of June 2025, an increase of EGP24bn compared to December 2024, a 3% growth. The bank also maintained a capital adequacy ratio of 24.3%, thanks to the implementation of optimal credit policies. The non-performing loan ratio reached 5.23% as at the end of June 2025, while the provision coverage ratio for substandard loans reached 107%. These positive results confirm the efficiency and flexibility of QNB Egypt's executive policies and procedures, which have enabled it to develop its operations and enhance its competitiveness and market share in Egypt through its branch network, which now amounts to 236 branches following the recent opening of its new branch in New Alamein City. The bank's strong financial performance was also reflected in the 11 international awards received this year from prestigious global financial institutions, further affirming its commitment to banking innovation across various sectors and supporting financial inclusion and sustainable economic development. QNB Group currently ranks as the most valuable bank brand in the Middle East and Africa. Through its wide network of subsidiaries and associate companies, the Group provides a comprehensive range of advanced products and services. The total number of employees exceeds 30,000, operating from approximately 900 locations, with an ATM network of more than 4,800 machines. © Gulf Times Newspaper 2025 Provided by SyndiGate Media Inc. (
Globe and Mail
4 days ago
- Business
- Globe and Mail
ADT Inc. Reports Strong Q2 2025 Financial Results
Adt, Inc. ( (ADT)) has released its Q2 earnings. Here is a breakdown of the information Adt, Inc. presented to its investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. ADT Inc., a prominent player in the smart home security industry, offers innovative safety solutions for homes and small businesses across the United States. Known for its extensive network of security professionals, ADT is committed to providing premium customer experiences and advanced security technologies. In its second quarter of 2025, ADT Inc. reported strong financial performance characterized by a 7% increase in total revenue, reaching $1.3 billion. The company also highlighted record-high recurring monthly revenue and significant cash flow generation, underscoring its strategic focus on growth and shareholder value. Key financial metrics for the quarter included a 33% increase in GAAP income from continuing operations, amounting to $168 million, and a 23% rise in adjusted income, reaching $191 million. ADT also showcased robust customer retention with a gross revenue attrition rate of 12.8% and a strategic acquisition of 50,000 customer accounts. Additionally, the company made substantial progress in shareholder returns, repurchasing 12 million shares and distributing $47 million in dividends. Looking ahead, ADT remains optimistic about achieving its 2025 financial targets, driven by the expansion of its ADT+ platform and strategic partnerships. The company is poised to continue delivering long-term value to stakeholders through innovative offerings and operational excellence.
Al Bawaba
22-07-2025
- Business
- Al Bawaba
Ajman Bank Reports AED 266 Million in H1 2025 Profit Before Tax, Marking 14% Growth Driven by Core Performance and Operational Efficiency
His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Ajman Bank, chaired the Bank's Board of Directors meeting on Tuesday to review key financial and administrative matters, and issue resolutions on commercial Bank announced a profit before tax of AED 266 million for the first half of 2025, a 14% increase compared to the same period in 2024, driven by sustained focus on core business performance, increased financing activity, and improved operational Bank delivered a Total Operating Income of AED 751 million, while net operating income reached AED 399 million. The Bank's total assets increased by 17% compared to year-end 2024 to AED 26.6 billion, supported by a 16% growth in the financing portfolio to AED 17.8 billion. Customer deposits reached AED 20 billion, up 11% year-to-date, reflecting continued growth across Consumer and Wholesale business segments. The Bank's total shareholders' equity rose to AED 3.2 billion, up 4% Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank, said: 'Ajman Bank continues to deliver consistent results, underpinned by a resilient business model and a focused growth strategy. Our performance in the first half of 2025 reflects disciplined execution and the Bank's growing role in supporting economic development and financial sector sustainability in the UAE'.Ajman Bank's capital and liquidity metrics remained strong, with a Capital Adequacy Ratio (CAR) of 17.3% and a Tier 1 Capital Ratio held firm at 16.1%, notwithstanding 17% growth in total financing portfolio. Return on Equity (ROE) improved to 15.6% (up by 29 bps), while Return on Assets (ROA) increased to 1.9% (up by 9 bps). Ajman Bank's further strengthened strong liquidity position achieved an improved Eligible Liquid Assets Ratio (ELAR) at 18% and Loans-to-Stable Resources Ratio (LSRR) at 74%.Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, said:" Our first-half results demonstrate the strength of Ajman Bank's funding base, balance sheet, and operational model. We are focused on scaling platform productivity, improving cost-to-income performance, and diversifying access to capital. The successful launch of our co-branded POS solution, real-time settlement platform, and global Sukuk issuance all reflect growing confidence in our trajectory."On the back of proactive credit portfolio management, Asset quality continued to improve with the Non-Performing Loans (NPL) Ratio at 8.6% (down by 126 bps), 15% reduction in the aggregate of Gross Stage 2 & 3 exposure during H1 2025 and greater diversification achieved with the Real Estate Ratio reduced to 32.9% (down by 705 bps).The Bank continued to advance its digital infrastructure with targeted investment in SME onboarding platforms, merchant POS enablement, and real-time processing capabilities. These improvements are enhancing productivity, accelerating digital origination, and supporting end-to-end service automation across core May 2025, Ajman Bank successfully issued its debut USD 500 million 5-year Sukuk. The five-year issuance, listed on Nasdaq Dubai, achieved a 5.4X oversubscription, which also evidences the great trust of 100+ regional and international investors with participation of 65% and 35% allocation respectively. The Sukuk marks a strategic milestone in the Bank's funding diversification and access to international capital markets. Ajman Bank remains committed to its AED 4 billion 'Sustainable Finance' pledge by 2030 and 'Net Zero Emission' by 2050, aligning its long-term strategy with Ajman Vision 2030 and the UAE's broader sustainable growth framework.
