Lesha Bank LLC (QFBQ) Earnings Call Transcript & Summary

Hello, and welcome to Lesha Bank Conference Call. Please note that this call is being recorded. [Operator Instructions] Now I would like to hand the call over to Roy, you may begin.

Thanks, Angela. Hello, everyone. This is Roy Thomas from QNB Financial Services. I want to welcome everyone to Lesha Bank's first quarter 2025 financial results conference call. On this call from Lesha Bank, we have Mohammad Tauseef Malik, the Chief Financial Officer. We will conduct this conference call with Mohammad, first reviewing the company's results followed by Q&A. I will turn the call now over to Tauseef. Go ahead.

Good afternoon, and [Foreign Language] everyone. As Roy mentioned, this is Mohammad Tauseef Malik from Lesha Bank, I'm CFO. I'll just give you one -- just a snapshot first about the results. And then as he mentioned, we can have the question answer. So we are proud to report the net profit attributable to shareholders reached to QAR 40.5 million as of 31st March 2025, reflecting a 41% increase compared to the same period last year. This strong performance highlights the continued momentum across our core business and the effectiveness of our strategic activities. So if you will see the income components or income from placement is QAR 38.6 million for Q1. Profit from sukuk is also a main contributor, which is QAR 30.5 million. Fee and dividend income is QAR 33.7 million. Our balance sheet also has good -- overall investment has growth, but balance sheet, if you will see, is slightly reduced as compared to the last -- as compared to December or the last year, sorry, 2024. So our balance sheet reached to QAR 7 billion as of 31st March 2025 as compared to QAR 7.6 billion same period last year. The total reduction is there, that just because of some of the withdrawal of some deposits. Investment significantly grew, it reached to QAR 3.7 billion, up to 28 -- and reached -- with the 28% growth. It was QAR 2.9 billion last year, 31st March 2024. Customer deposit has some decrease, but this is aligned with our shift towards the optimizing the funding mix and enhancing our profitability. We have -- if you can see our total borrowings also has increased. So it's just the funding mix of the banks and the treasury want to manage it. Total equity increased to QAR 1.3 billion compared to QAR 1.2 billion as of 31st March 2024. Some performance ratios, I would like to tell to the audience, the return on average equity is 12.09% per annum. Return on average assets is 2.34% annualized. Book value per share is QAR 1.19. Earning per share is QAR 0.036 (sic) [ QAR 0.144 ] and capital adequacy is 14.94%. As per our main business, AUM has increased very significantly. And on year-on-year, it has increased by 67% and it reached to QAR 10.7 billion as of 31st March 2024. So these are the high-level highlights. Please, if anybody has a question, please feel free to ask us

[Operator Instructions] There are no questions. I would now like to turn the call back over to Roy.

All right. If there are no questions, we'd like to thank Tauseef for the results update, and we look forward to speaking to you all for the second quarter 2025 results conference call. Thank you.

Yes. Thank you very much, everyone. If there is no question, at the moment, if somebody has questions, they can reach us by e-mail also. Thank you very much.

Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect.