Mashreq, SIB post solid earnings in 2025

Mashreq wraps another strong year

Our friends at Mashreq capped 2025 with record operating income, which came in at AED 12.6 bn for the full year, up 3% y-o-y on an adjusted basis, according to its financials (pdf) and management discussion and analysis report (pdf). Net income after tax fell 23% y-o-y to AED 7.0 bn, on the back of a decline in net interest income following the Central Bank of the UAE’s interest rate cuts late last year.

This was partially offset by an increase in non-interest income, which rose 16% y-o-y, while investment income jumped 53%, reflecting stronger transaction volumes and trade flows across Mashreq’s corporate, retail, and international segments.

The balance sheet has also grown: Total assets grew 25% y-o-y to AED 335 bn. Customer loans increased 32%, while customer deposits rose 27% — extending the balance-sheet expansion seen earlier in the year as lending momentum accelerated across markets.

Looking ahead: Management pointed to continued international expansion along “key UAE- and GCC-linked corridors” and deeper use of digital and AI-driven platforms across lending and onboarding as key priorities heading into 2026.

Sharjah Islamic Bank’s net income jumps 25.7% in 2025

Sharjah Islamic Bank posted a 25.7% surge in net income, reaching AED 1.3 bn in 2025, according to its management and discussion analysis report (pdf). Total operating income rose 14% to AED 2.4 bn for the year, with inflows supported by a 7.6% increase in customer deposits to AED 55.7 bn, as well as a 19.6% uptick in Islamic financing to AED 45.6 bn. The bank’s total assets stood at AED 90.3 bn at the end of 2025.

Dividends: The bank paid out AED 458.7 mn in dividends for the year, as well as AED 148.1 mn in returns on Tier 1 sukuk, according to its financials (pdf).