National Finance House Group has announced its financial performance for the fiscal year ended December 31, 2024, reporting a net profit of BHD 943 thousand, marking a 62% increase from BHD 581 thousand in 2023. This growth was primarily driven by higher net interest income of BHD 2.57 million and an increase in gross profit from automotive sales, which reached BHD 208 thousand.

Total income for the year rose by 15% to BHD 3.21 million, reflecting NFH’s strategic focus on revenue diversification and cost efficiency. Net profit for the last quarter of 2024 stood at BHD 215 thousand, a significant rise from BHD 27 thousand in the same period last year. The Group maintained a dynamic balance sheet, with total assets reaching BHD 47.07 million and an equity base strengthening to BHD 17.88 million.

In light of these results, the Board of Directors has proposed a cash dividend of 10% of the paid-up capital (BHD 750 thousand), subject to shareholder approval at the Annual General Meeting scheduled for March 18, 2025, as well as regulatory approval.