Doha Bank (DHBK) investor relations material

Executive summary

• Navigated regional geopolitical disruptions in Q2 2026, with LNG exports and shipping routes temporarily affected but recovery underway as trade routes reopen and LNG capacity is restored.

• Interim results for the six months ended 30 June 2026 show stable profitability amid regional uncertainties.

• Net profit for the period was QR 435.97 million, down slightly from QR 467.34 million year-over-year.

• Maintained strong sovereign balance sheet, low public debt, robust government support, and strong capital adequacy and liquidity positions.

• Continued disciplined execution of the Himma Transformation, focusing on digital innovation, ESG integration, and operational excellence.

Financial highlights

• Profit before tax rose 3.8% year-over-year, but net profit declined 6.7% year-over-year.

• Net profit for H1 2026 was QR 435.97 million, with earnings per share at QR 0.14.

• Net interest income was nearly flat year-over-year (-0.2%), totaling QR 987.1 million, while non-interest income surged 28.2% year-over-year.

• Net loans grew 7.6% year-to-date to QR 72.88 billion; total assets increased 1.9% year-to-date to QR 122.5 billion.

• Deposits fell 3.8% year-to-date to QR 55.53 billion; investment securities portfolio declined 7.8% year-to-date.

Outlook and guidance

• Capital adequacy ratio expected to remain above 17% through 2030.

• Net loan growth guidance for FY2026 is 5%, with a CAGR target of ~7% to 2030.

• Net interest margin guidance for FY2026 is 1.75% +/- 10bps.

• Cost-to-income ratio remains elevated at 39.17% in Q2 2026, above the <31% long-term target.

• The bank has reassessed macroeconomic scenario weightings due to heightened regional geopolitical risks, increasing the downside scenario to 60%.