Commercial Bank reports financial year 2025 net profit before Pillar Two Tax of QR2,384.4 million

Doha, Qatar: The Commercial Bank (P.S.Q.C.) (the Bank ) and its subsidiaries (the Group ) announced today its financial results for the year ended 3...

Doha, Qatar: The Commercial Bank (P.S.Q.C.) (the “Bank”) and its subsidiaries (the “Group”) announced today its financial results for the year ended 31 December 2025.

The Group reported Net Profit before Pillar Two Tax of QAR 2,384.4 million for FY 2025, down from QAR 3,032.1 million in FY 2024. Core income momentum remained positive supported by growth in balance sheet.

The year-on-year decline in profit primarily reflected higher net provisions, increased operating expenses including IFRS 2 related long term incentive scheme (LTIS) movements, and a reported loss of QAR 144.7 million from our Turkish subsidiary including the impacts of hyper-inflation.

On a normalized basis excluding the LTIS related movements, the adjusted Net Profit before Pillar Two Tax for the year ended 31 December 2025 is QAR 2,424.6 million.

The Group also accrued for BEPS (Base Erosion and Profit Shifting) Pillar Two Tax, a charge of QAR 179.4 million. The Group may benefit from certain available reliefs on the finalisation of the draft executive regulations which is now expected in 2026.